One, huge question about the BP disaster that nobody is asking..., page 5


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ATS Members have flagged this thread 107 times


reply posted on 14-7-2010 @ 07:56 PM by ofhumandescent
reply to post by atlguy



Yep you are probably right but who is going to protest.


reply posted on 14-7-2010 @ 08:29 PM by Rockpuck
reply to post by Agit8dChop



The price of oil actually has very little to do with supply and demand.. for the most part its very sensitive to currency fluzuations. When oil was at 150bbl the us Dollar was at multi decade lows.. even the Canadian Dollar was worth more than the USD.. since oil is traded in Dollars, the price reflected this. Now we have a major production setback, but the Dollar is strong and still gaining on other currencies.. its the Euro that's in trouble now.. and thus, oil is cheaper. Its actually still over priced for its relative to the currency.. but this has more to do with OPEC refusing to allow it to fall much lower than it has.


reply posted on 14-7-2010 @ 10:23 PM by justadood
reply to post by atlguy



another motivation for lying about output is they have to pay a tax on every barrel extracted.


reply posted on 15-7-2010 @ 12:30 AM by skeptic_al
reply to post by atlguy



I think a lot more Gas is also making the Oil look bigger, that's why
the estimates are anywhere from a trickle to torrent.

It might easier to just close the Gulf, drain the water and turn it
into a Oil Container.


reply posted on 15-7-2010 @ 12:54 AM by Gregarious
reply to post by Ex_MislTech


Oil has been detected on moons around other planets. Moons that never had any life, that we know of. To say that it is a hydrocarbon is now bunk. The Russians are advancing the idea of oil being produced on a continual basis by processes we do not currently understand. It is wisdom to know the limits of your knowledge. It is also rare to have wisdom. If, in fact these wells are being replenished, it is at a rate below what we are pumping it out at. So naturally it appears dry. For awhile. Fills back up, and is a producing well again. What is so hard to understand about that?





reply posted on 15-7-2010 @ 01:46 AM by Aristophrenia
Originally posted by Nventual
I got this from wiki:
Dr. Christoph Rühl, Chief economist of BP, repeatedly uttered strong doubts about the peak oil hypothesis:[188]

Physical peak oil, which I have no reason to accept as a valid statement either on theoretical, scientific or ideological grounds, would be insensitive to prices. (...)In fact the whole hypothesis of peak oil – which is that there is a certain amount of oil in the ground, consumed at a certain rate, and then it's finished – does not react to anything.... (Global Warming) is likely to be more of a natural limit than all these peak oil theories combined. (...) Peak oil has been predicted for 150 years. It has never happened, and it will stay this way.



Peak oil has not bee around for 150 years - it is a theory that was only in the 20th century by Hubert in 1956. The theory postulates on that consumption will outstrip demand based on the discovery of new oil fields. This has proven correct.

The most telling sign that peak oil is with is is the very nature of where this oil well is being dug. It is the most extreme engineering on the earth in the pursuit of oil - why not just dig it up out of the ground if it is so abundant ?

Secondly the Alberta Tar sands are a perfect example of peak oil consequences - the greatest man made natural disaster, visible from space. The amount of energy required to obtain it is so vast that there is only a benefit if oil is above a certain price - below which it becomes unprofitable.

This price theory is the strongest theory for market manipulation and fits in extremely well with the notion of market manipulation.

Consider also that peal oil contends that oil way well remain in vast quantities, but, the energy required to extract it is more than the net benefit of the energy obtained from the oil extracted - very important. Unless you consider that this is not the purpose - rather profit is. Therefore it makes sense to expend more energy extracting oil that is received IF you are receiving profits.

Evil......


reply posted on 15-7-2010 @ 01:55 AM by Aristophrenia
Originally posted by Gregarious
reply to
post by Ex_MislTech


Oil has been detected on moons around other planets. Moons that never had any life, that we know of. To say that it is a hydrocarbon is now bunk. The Russians are advancing the idea of oil being produced on a continual basis by processes we do not currently understand. It is wisdom to know the limits of your knowledge. It is also rare to have wisdom. If, in fact these wells are being replenished, it is at a rate below what we are pumping it out at. So naturally it appears dry. For awhile. Fills back up, and is a producing well again. What is so hard to understand about that?



I would apply this to your post - oil has not been detected on moons around other planets- this is a baseless assertion. Sorry. Methane and many other hydrocarbons have - but not oil. Secondly the Russians are synthesising oil - as were the Germans during the second world war - we have had this information for a very long time - and the same people who synthesise oil are well and truly agreed to the fact that oil is a hydro carbon.

James May from top gear discussed this in his series Big Ideas - where people in America are synthesising oil from THIN AIR - but again it is a process we understand. Simply because we as humans are able to synthesise ice by creating an artificially cold environment in no way negates the fact that ice is frozen water as seen in nature.

Your logic and facts need some serious work.
www.treehugger.com...


reply posted on 15-7-2010 @ 02:06 AM by Aristophrenia
Originally posted by Rockpuck
reply to
post by atlguy



When the oil companies drill the oil, it comes out at much, much slower pace. The PSI is extremely low compared to the PSI at the broken well. Basically, if the Rig took in as much oil as the broken well was producing, it would blow out in a second.

This is why no one knew how much oil was being leaked. There are instruments in place to regulate the pressure of the well, so that there isn't a blow out.. so they can say exactly how much oil is put into tankers each day, but they couldn't say how much is spewing now, because the pressure is forcing much, much more oil out.

I don't think they are lying about how much oil they produce.. we can deduce this much from the amount refined, stored, and company profits per barrel.


The oil comes out according to the pressure it is under - nothing else has anything to do with it. The only time the pressure coming out is altered is when it drops below usable pressure - sea / water is then forced in to raise the pressure to continue extraction. Regulators are then used to minimise the pressure of the oil from the source.

Secondly I think you will find that they have been lying about their reserves for a LONG LONG time, especially the worlds largest producer Saudi Arabia.

Here is an entry from today's huffington regarding the dumping carried out by Exxon in Ecuador - one of the worst natural disasters on record, and far, far worse than the current spill. Not considered a spill becuase it was deliberate. And yes they were hiding the oil in an effort to manipulate oil prices......

www.huffingtonpost.com... tent=BlogEntry


reply posted on 15-7-2010 @ 03:11 AM by Canadian Kid 87
reply to post by Canadian Kid 87



Further more if we weren't running out we wouldn't have to develop new technologies like vertical drilling or co2 injection or deep sea exploration to pull out what little is left. Not all oil is liquid but some is compressed almost into rock form and after time it breaks up and that's why a well might stop producing oil for a short time then bounce back again. Just like not all crude is in the same some is light like motor oil or even gasoline and some is so thick it looks like tar or wax when it comes out and the heavier the oil the more it cost to produce and refine.
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