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"The United States is not interested in the oil in that region of Iraq. That's utter nonsense. It is not interested in occupying any country." Donald Rumsfeld
Like it or not. Iraqi oil reserves represent a major asset that can quickly add capacity to world oil markets and inject more competative tenor to oil trade" James Baker III
THE END OF THE AGE OF OIL
By David Goodstein
Published by CalTech News, California Institute of Technology
Vol. 38, No.2, 2004
This article is adapted from a talk that Caltech vice provost and professor of physics and applied physics David Goodstein presented at an April 29 program of the Institute support group, the Caltech Associates. Goodstein�s new book, Out of Gas: The End of the Age of Oil, was published in February by W. W. Norton.
In the 1950s, it was not Saudi Arabia but the United States that was the world�s greatest producer of oil. Much of our military and industrial might grew out of our giant oil industry, and most people in the oil business thought that this bonanza would go on forever. But there was one gentleman who knew better. He was an oil exploration geologist named Marion King Hubbert.
www.fromthewilderness.com...
WE DID IT!
World's Seven Largest Economies (G7) Admit They Have No Idea How Much Oil Is Left - Issue Emergency Call for Transparency at DC Summit
A Challenge to the Flat-Earth, Abiotic Oil Advocates and Cornucopian Economists - It's Now or Never
by
Michael C. Ruppert
� Copyright 2004, From The Wilderness Publications, www.fromthewilderness.com. All Rights Reserved. May be reprinted, distributed or posted on an Internet web site for non-profit purposes only.
WASHINGTON, Oct 1 (Reuters) - Worried soaring oil prices could hurt the best global prospects in years, finance chiefs from wealthy nations met on Friday to try to work out what lay behind the surge and how to buffer the economic expansion.
Group of Seven finance ministers and central bankers met at the tightly guarded U.S. Treasury building over lunch and were to work through the afternoon before a dinner with Chinese counterparts that has currency reform on the menu.
The officials will set out their world-view at about 5:45 p.m. EDT (2145 GMT) in a communiqu� sources said would include a call to bolster oil-market monitoring to make it easier to discern if scarce supply, hefty demand or market speculation lay behind crude's drive to record levels.
www.fromthewilderness.com...
TextIn the 1950s, it was not Saudi Arabia but the United States that was the world�s greatest producer of oil. Much of our military and industrial might grew out of our giant oil industry, and most people in the oil business thought that this bonanza would go on forever. But there was one gentleman who knew better. He was an oil exploration geologist named Marion King Hubbert.
Originally posted by marg6043
And why are we so dependant on middle eastern oil, to the point of going to extreme to control it.
Originally posted by jrsdls
Marg, most of our Oil is still in the ground. Environmentalist have made it hard to bring it up. i.e. ANWRAR, off the coast of California. To be honest, it's cheaper to get it from overseas and have them fight the Environmentalist.
Originally posted by jrsdls
Marg, most of our Oil is still in the ground.
Originally posted by jrsdls
Marg, most of our Oil is still in the ground. Environmentalist have made it hard to bring it up. i.e. ANWRAR, off the coast of California. To be honest, it's cheaper to get it from overseas and have them fight the Environmentalist.
Originally posted by jrsdls
The Oil in Alaska is a huge deposits.
Originally posted by syntaxer
America holds the keys to a huge untapped oil source in the state Alaska. But their's not much profit in Oil when mankind will be a bunch of Kevin Costners swimming around in a Waterworld type Earth.
Originally posted by James the Lesser
Oh, can't forget the long tail jumping mouse in colorado, was going to build all these cheap housing places, but nope, can't, a mouse lives there that is endangered. So instead of giving homes to thousands of middle class and lower class people, we keep a black plague carrying vermin alive.
Originally posted by jrsdls
You are right, I am amazed by how much oil we do have. The Oil in Alaska is a huge deposits. Don't over look the power of the Environmentalist, remember the snail darter?
Originally posted by marg6043
And why are we so dependant on middle eastern oil, to the point of going to extreme to control it.