Stacy Summary: Peak oil plus futures market manipulation equals massive price chaos. While the wild price swings of the next few years will be bad for economies and consumers, methinks Goldman will be raking it in big time.
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Most recent: 
If Peak Oil is a scam then explain how almost every oil region other than the Middle East have already peaked (and are in decline). Mexico, North Sea etc are in clear production decline.
Personally I think even this article is optimistic. I think we have already hit global peak. Based on the assumption that the ME is lying about its reserves.
“Peak Oil is a scam” is the scam.
Once again I must say Peak what ?
According to so many oil workers I have talked to, the ones with the dirt on their hands not the suits in control, we are rolling in oil,
I’m not even talking about the tar sands.
People in Texas and across southern states last year were going back to old wells and
finding new oil there. How’d that happen ?
Shhhhhh…. don’t tell anyone
Heads up Max! Diminishing oil supplies are only the tip of the iceberg, a very much diminished US influence in Saudi Arabia ismore telling. A coup in Saudi can only happen with the sanction of the CIA, this one was a non-event, which pretty much emphasizes the point. http://tinyurl.com/lu7f9r
Peak Oil Deniers = King Canute.
If China comes on-line, as big consumers, there will be no oil left for America. Perfect storm = decreased (finite) supply and increased demand.
The only short term solution is a compete collapse of the US economy. This will reduce demand, and keep prices low, for a short period.
@ Fred’s Family
The article on rense was a good try, but full of holes as you probably see yourself. At least the suppressed info is coming into the open, enough to invite careful hit pieces.
Interesting how the rabid Peakers have been guided to conclude that the non-believers are pro-pollution or anti-clean-energy. Sheesh!
It looks like peak oil is another false flag !
Now if I was in oil I would be all over that peak oil sh*t
The Dope on Abiotic Oil :
http://www.rense.com/general58/biot.htm
Matt
Not really, I should have said shale oil. Shale gas is already economic in many fields.
@Sharon
A house is a home not an asset. Home ownership is a big part of the problem our society now finds itself in. Ive nothing against anyone owning their own property but if I had my way social housing would be in the majority, valued and fit for everyone. It lends itself to creating communities that are integrated and balanced
A community is only as good as the effort people put into it and on that basis I would recommend Denmark. In the news for being ranked the ‘happiest’ society, they pay about 50% tax on earnings (and 25% VAT) but then have access to excellent healthcare, education opportunities and other social infrastruture…. and I love the fact that cars cost a fortune with more in taxation than the price of the vehicle – the air is getting very clean in Denmark. It is also ranked as the least corrupt country in the world…. I could go on but you could check out its glowing report on wikipedia.
If I was in the position of wanting to move and start a new life I’d defintely think about getting together with like minded people, living in the british countryside and the whole self sufficiency malarky (believe it or not there are plenty of these micro societies out there). But you need to be 100% committed, heart and soul and not doing it because someone else says its a good idea.
Keep calm and carry on!
Gordo
Golman Sachs and Morgan Stanley are the 2 biggest oil traders in the world. They have an interest in the hype that is “peak oil”.
The only way shale gas will not be economic is if oil stays cheap so you are contradicting yourself.
Plus maybe the US will learn something from France and start building nuclear power p[lants which will flood the US with natural gas.
Here the Propaganda Only from America:
29 may 2008 – Dutch News; ” American Oil supply drops unforeseen ”
30 juli 2008 -” Oil shortages after 2 years”
29 oct 2008 – ” Oil shortages after 5 years”
03 dec 2008 – Today – Dutch News; ” American Oil supply drops unforeseen “
10-12-2008
’65% Of the oil remains in the grond’
According to Noe van Hulst, Secretary General of the International Energy Forum,
Even The Children of our children will not see the day that we no longer have use of oil because most of it stays in the ground.
Watch his speech during the FD Outlook Summit 2009.
http://videoplayer.neos.nl/fd/index.php?item=1502
OK, I can agree that we are at the end of cheap oil.
We will likely never reach peak oil because most oil will remain in the ground for eternity. Oil sands are too water and NG dependent to exploit much beyond 2030, shale oil probably will never be economic. Given that between 40 and 60 % of conventional remains in the ground after extraction life, we may never reach even 50% total oil exploitation.
Peak Oil is a Scam!
Every Oul source has 60% for exploiting but is more expensive to exploit. I you say the end of cheap oil I agree.
New Oil and Gas is found every dat and even some of those new findings have been hidden. Like the one in Alaska for instance.
We have enough coal to burn us way into new centuries.
Don’t be a dupe Peakoil is a SCAM!
The people here claim to be enlightened.
Peak Oil is a scam they scream.
Where did you learn that from Sarah Palin, Rush or all the other right wing propaganda machine (drill baby drill)?
We do live in a finite world last I checked.
You must be in the same denial state as the green shots people are.
@ Sharon
I guess you see what you want to see, but on the first page here are some quotes that I read today? Maybe you missed them?
1. The National Housing Federation (NHF) study suggests prices will continue to fall then start to recover slowly in 2011
2. Repossessions almost doubled in the past quarter, and more than a quarter of customers on its UK home loans book are now at least 30 days behind on their repayments
Here is a very interesting chart! Take a good look at it!
http://www.housepricecrash.co.uk/graphs-average-house-price.php
There are no grantees in this world and you know that the world is full of miss information.
All I can say is what I did Sharon, when I looked at this chart I felt very comfortable when I sold my home in May this year outside London in Berkshire and nothing has changed, I may be wrong, a house is a home and were are all at different stages of life.
Do what ever best for you and only you can decide that? Keep or sell its your decision no one should tell you what to do as you have to live with the outcome. That may be very good or very bad. You must think for yourself and I don’t mean to be rude, its your call.
I agree, peak oil is a total f8cking scam. If peak oil is not a scam that peak natural gas is. Right now there has been huge findings of natural gas in Canada and the inventories are loaded.
Enviromentalists are nothing more then political opportunists. If they really care about the earth then why don`t they lobby for nuclear power ? France has proven that nuclear power is safe and clean.
All trucks and planes could run on natural gas while all cars could be electric. The only way to make all cars run on electricity is to convert all coal burning and natural gas burning electricity generators to nuclear.
Bill Wattenberg is the Max Keiser of enviromentalism. If you want the truth about nuclear power and Al Gore the listen to Bill Wattenburg on youtube.
http://www.youtube.com/watch?v=zfdwa4YED-k
http://www.youtube.com/watch?v=-S4VCSdmGPs
@sharon … yes, it is not easy to know what to do I admit.
One has the problem of “timing” … just like Mike waiting for the GBP to crash. Will the Govt. or whoever dream up a new ponzi scheme that keeps the music playing ? ; or will there finally be a reality check.
My wife has wanted to move from Germany to the UK for years , and it’s me ( der Englander ) that has said no all these years ( houses way overpriced ) . One idea we had was to buy some land and get a (German) house built.
I was then told that land prices have risen as well.
A solid German house can be bought upwards from 100K Euros and assembled within weeks. This is not a “gerry built” house, this is a quality “Bauernhaus” … take a look at some of these :
http://www.musterhaus-online.de/40.php?seiten_id=40&Standort=w&Platznr=D2&hersteller=&wohnflaeche=&Standort_suche=&suchbegriff=
Use ” zum nächsten Haus ” to click to next picture.
Again, I remember the 70′s where inflation was high and house prices doubled very quickly.
So although your “house” may get more expensive in terms of GBP, the real problem is earning a (fiat-) salary to be able to pay for it.
And as we all know, salaries are the last to climb back to parity with assets.
Peak oil is a scam.
This theory is just one more nail in the coffin containing the living corpse of personal freedom.
Do some simple calculations of how much biomass would have to have deteriorated at pressure over so many eons to have generated total petroluem removed from the ground, to date, plus the latest proven reserve figures. You will find that the earth is not nearly old enough to support the “fossil” fuels hypothesis. Other anomalies of this paradigm abound.
The Russians have been successfully finding lots of oil under the tenets of the “abiotic” theory. A little research along these lines may prove to be of interest and profit.
Please see:
http://www.energybulletin.net/node/34863
@Fibon11235….Thanks for that link – very informative. According to the info in it the house prices are going up – wtf? Chirst, when can we go back to some sort of normality?!
OK, I now need to re-think this although I can’t see how property can go up in the UK coz we’re screwed economically so this is making no sense whatsoever.
@Sharon
ooops http://www.housepricecrash.co.uk/
@Sharon
I cant give you advice but have you ever visited and looked at the charts in
http://www.HousePriceCrash.com
@Phil………………My point ? …
Would you trust a UK bank to hold your paper and even the UK Govt. for that matter; or would you prefer to hold onto something “real” like land and property !
You are of course right Phil and I have struggled with that bit of pragmatic advice in my own head. Still in two minds as to whether I should sell. Here is why I reluctantly put the house on the market: I live in the city and I feel that when the shtf there will be many people looking for food and won’t care too much how they get it. I figured if I sold my house in the city and moved out to the country (either here in the UK or abroad – that’s another consideration) we would be a bit safer and could grow our own food. Actually I’m more likely to move to a self sufficient community. But I agree that now is not necessarily a good time to sell and it is a ‘real’ asset. I guess I would have to find a new property straight away so that my money isn’t stuck in a bank, otherwise I would buy gold until I found what I wanted. It’s a difficult decision but being here in the city kind of makes me feel like a sitting duck. The other possibilty would be for me to rent this property out and rent somewhere in the country. Obvioulsy though if the shtf I assume my renters would stop paying. I value your input as you are clearly knowledgable and believe me I’ve struggled with this one myself. It’s difficult to know what to do for the best in this current climate.
@Fibon11235 “Max’s last post”
Pretty good actually.
Yes , he’s being overly sarcastic , but of course on the nail !
I posted a video of Rothschild on CNBC IIRC saying “there are too many banks” in 2008. Of course, this is exactly what happened in the 1907 (IIRC) banking crash … they ( GS, JPM etc. ) decimated the smaller banks us … The Creature from Jekyll Island describes this well.
@ Phil
I feel sorry for the pensioners they have no clue and have lost their ability to adapt. Such a shame?
hear hear
What do you think about this new MAX Post, my guess is he is being sarcastic they cant really carry on can they. Two or three banks then will run the USA? This is so USSR its scary? Im a bit unsure, but it feels to me like the end is close? Events just seem to be speeding along!
@Fibon11235 .. MSM and the people.
Yes I agree with you that most people have MSM as their only source of information , that is … if they’re “not” watching “Coronation Street” ( Sheesh ! ). Oh … and it seems “most” people DO watch C-St. and consider it more important than how their Govt. is screwing them over and over again.
( Coronation Street is the most dreary and embarrassing UK SOAP that has been going literally since TV was invented )
I also noticed that UK’ers over 70 become pretty disinterested in “re” discovering who rules their life. Take away their pensions and they might just suddenly “want” to know !
;-(
@sharon … selling your house ?
In the UK I presume.
Just a thought …
I advised my sister to hang on to her house, as I consider it a “real” asset and safer than paper money ( she always does the opposite of what I say BTW .. like the time she did NOT buy Gold at 15K GBP/ Kg. )
I remember the 70′s where inflation ravaged the system and house prices doubled in 2-3 years.
Of course your house has NOT become more valuable, just the GBP paper money has become more worthless.
My point ? …
Would you trust a UK bank to hold your paper and even the UK Govt. for that matter; or would you prefer to hold onto something “real” like land and property !
@Phil I always enjoy your responses. I here you and yes there are a few! But set against the scale, the impact the size of this finantial con game I would expect more people from within the finantial industry to be talking, they cant all be on the take, many will be on the dole.
The people you mention are exactly the types who do know what’s going on! Small business owners will know before the cooperate worker. But where are all the greys who have retired from finance and are aware of the pension disappearing?
Maybe its me it just feels odd, that’s all? The main stream media for being active in disinformation rather than passive, may have an effect I find them repugnant ?
@mike2liverpool…………..For the Love of GOD will no one KILL the British £……!!!!!!
Mike, can you not just wait until I’ve sold my house? If you agree to do that I’ll be backing you all the way once I’ve got the proceeds. With the two of us on the case we can’t fail but you must wait for me. Is that a deal?
@Max:
How can we know the price of oil with the dollar collapsing? Could rising oil be a sign of hyperinflation and not peak supply?
@ Mother Earth
Ha-ha! First laugh of the day. Thank you.
Good to know you’re ready for anything (bg).
A face-to-face chat being unviable, abg will think of some questions to pose, and see where it leads us. Shall be offline for a few days–time enough to ponder about our chat.
@ABG,…I know fascinating isn’t it,.and folk still argue the toss!!
@ABG
Speak freely, I’m seated
@ Dedo
Enjoyed that Al Gore link. In return:
ARENNA GORE WEDS ANDREW SCHIFF
Vice President Al Gore’s Jr.’s daughter Karenna Gore, was recently married to Andrew Schiff, grandson of JACOB SCHIFF (Rothschild mistress side–maybe Bush connection also).
Jacob Schiff was the New York City banker and traitor to America who financed the communist revolution in Russia in 1917.
Jacob Schiff gave $20 Million Dollars in Gold (worth Five Hundred Million, $500,000,000.00, in 1999 dollars) to LEVI BRAUNSTEIN, also known as TROTSKY (married into the Rothschild side), and Vladimir Ilich Blanc Ulanyoff, also known as LENIN.
They used this money to turn Russia into a terrifying communist
slave state. The communist revolution resulted in a bloody holocaust of over 100 MILLION DEAD.
Vice President Al Gore Jr. is the son of former United States
Senator Al Gore Sr, whose major benefactor was Armand Heimer [aka Hammer], who in turn was the son of Dr. Julius Heimer [aka Hammer], founder of the American Communist Party. (Armand handled Lenin & Stalin; Stalin was a Rothschild half-brother of Mao (nee Ho) Tse Tung & Ho Chi Minh–all in the family.)
To this day Al Gore Jr. presents the “prestigious” HAMMER award for Government Efficiency.
(Lifted liberally from http://www.apfn.org/apfn/kgore.htm)
@disorient
Monboit seems to have got it right there.
Here’s the link he referred to http://www.lrb.co.uk/v31/n10/lanc01_.html of John Lanchester piece. Pretty long but seems to reach the same inevitable conclusion.
UK PLC DOOMED.
Put another faggot* on the fire, turnip anyone?
*Absolutely no pun intended. Though maybe in a political landscape where national self sufficiency becomes the order of the day you can just imagine some of the rhetoric that gets an airing! Now why is it so hard for people to work together without a common enemy?
I was saying before Lehmans, we wouldn’t be able to import food like used to.
“We’ll all be eating turnips next year!” I said.
Well I don’t bother trying to explain myself half the time. Just think maybe in time I will get to say, “Now you know what I was going on about…”
Strange I don’t realize how I only manage to be a legend in my own lunch time. Though now and again someone says, “I remember you saying that”.
Leave them guessing, that’s my motto.
@Fibon11235 … “Why are so few people interested in the subjects on here. Not the people on this site but the masses?”
Now you get me going !
Just got back from the UK.
I didn’t speak to that many people, but the few I did speak to DO know what’s going on it seems.
I mentioned the stranger I met at the Roman museum last week…. next was a small hardware store … the two owners were erally angry about the Govt., the bankers and how their money was becoming worthless . This surprised me ( 2 guys in a HW store ), but one of them was in big business before he decided to do a local shop.
A relative of mine called me on the phone ( used to be a banker ) and immediately got on the subject of the new yuppi type investment houses that were ruining Govt. and the monetary system.
BTW … just couldn’t believe how CHEAP everything was in the UK … whether food, clothes, tools, cars etc. Onyl exception of course : houses !
Times have changed there it seems.
PS: NOT because of the cheap GBP by the way !
For the Love of GOD will no one KILL the British £……!!!!!!
Mike
@ Mother Earth
One of these days we’ll have to have a little talk…
In the meantime, these sites have radio archives that are interesting but naturally require discernment:
http://www.sweetliberty.org/index.shtml
http://www.darrenweeks.net/
http://www.cuttingthroughthematrix.com/
@ Max / Stacy
Why are so few people interested in the subjects on here. Not the people on this site but the masses?
Given the huge number of people who work in finance or studied economics etc? Its very odd? You would think if they did not agree they would be commenting or contributing?
I do not think its a quality or subject problem on your side? Its very strange ? I really don’t get it?
There must be thousands who have knowledge and interest in these subjects, yet where are they all? Any Idea?
FREE ENERGY….there seems to be loads on that, also a pattern of early death to anyone trying to make a business out of anything other than the sun and wind lol. It not funny, that was sarcasm again! The deaths give the ideas real credibility in my eyes.
I would say demand most likly has peaked as far as expansion of the oil supply for ecominic growth.
We will see stockpiling continue for some time which will give the effect there is still oil demand, but even that will tail off if there is no new economic expansion, and that just dosent look like it will happen anytime soon.
That said i still think peak oil plays into the hands of the “warmers” and scarcity will be most profitable. So im undecided if this is a reak issue or not.
@Stacy
Did I mention Hermann Scheer?
@Anything BG
I guess we shouldn’t worry, after all we have earth two to go to no (the one hiding behind jupiter) ?
@Mike/Liverpool
That dance is continuing USD and Gold.
Dont be so selfish and stop wishing for the inevitable allot of good old people will loose out, you may upset someone, lol !
Dont forget they hunt in packs to fix it and the pounds a derivative of the dollar. Up today Down tomorrow, O it was the bad news lol..
@Max,….you lost me at,.”I feel”
@Stacy,…I’ll let it go this time,…..but next time keep my opinions to yourself!!!
I feel as though global oil supply is peaking at 85-90 mn. bbls a day.
The question is whether or not demand has also peaked.
If China and India manage to increase their demand from current levels more than the demand destruction in no. 1 consumer USA than the supply/demand curve dictates higher prices as supply runs out and demands continues toward 100 mn. bbls a day and higher.
roubini is a sock puppet.
If you follow his work he indeed did see the fall of the economies comming but his answer was goverment had to intercede and do massive bailout, heck he was calling for much bigger bailout sums to be used, so i would say hes in the pocket of the bankers.
@Dedo – oh dear, that sounds worse than copyright infringement . . . you might have a case there
wow, my brain really is too full…
lets try again:
that roubini is on australian tv saying that the economic crisis will have ‘bottomed’ by years end. wasn’t he supposed to know what is going on!?!
@Stacy,…….You took the words right out of my mouth,.: )
that roubini is on australian tv saying the tv will be around by years around. wasn’t he supposed to know what is going on!?!
@Dedo – oil is ‘free’ as well in that it none of the oil companies are having to create it, but the beauty of it for oligarchs is that it is limited to specific areas to which only they are given concessions, whereas most people can capture one of the following – wind, solar, wave, etc. – so harder to create monopoly around it
@sharon .. “Oil .. Here’s my twopennies worth ”
Hi Sharon,
did you read the Energy NON Crisis by Lindsey Williams .
Here’s an AJ link talking to him :
http://www.youtube.com/watch?v=kKSfnAXGnVY
He worked as a missionary for the oil Cos. in Alaska and got invited to board room meetings etc.
Getting back to Max’s clip here….
Listening to Max today, I wasn’t sure which side Max was on ( enough oil versus peak oil ).
LW said the Alaskan fields ( which are being kept under cover by the US Govt ) have enough – for the US – oil for the next 60+ years and enough gas for the next 200 years.
IMO, this would NOT surprise me … the US grabbing all the foreign oil first and at the same time “knowing” they have enough “local oil” to support a military empire for the next 100 years.
If the US Govt. was “really” worried about having enough oil, they would have downsized US cars 30 years ago.
So .. in the end, I would have to side with the “enough oil” theory and accuse the WS banksters and Govt. of collusion and market manipulation .. yet again !
snotty nosed kids,…….old farts,….rasberries,….etc
@ Nic Abbott
Sorry. Never really got what funky was about. Ah….
@Dustin,……I agree,…..there are far to many useless eaters on the planet,…grrrrrr
as for recent talk on these pandemics i have a thought on this.
Considering every country is a listed corporation and there is a contraction in said corporations then are not the people simple an excess of inventory which needs to be dumped!! to balance the books..
@anything but green
So long as capitalism exists somewhere in the world, the most dire predictions will not eventuate. We went to the moon. Of course we can generate all the earth’s energy requirements through (respectfully) exploiting the natural, sustainable resources which abound in our world. Sea sun wind geo …
ECOLOGY and PROFIT are NOT mutually exclusive.
BBC claiming the pound rise against the dollar is due to the UK economic recovery gaining some traction with manufacturing on the up.
Fails to mention plunging dollar is the reason pound SEEMS higher. pound is just not as devaluing as fast…..
http://news.bbc.co.uk/1/hi/business/8181161.stm
Peak oil….I should of said a ‘sticky’ subject…bong!!!
Quote:
“If the Euro can push past 143 (it is now 142+), then clear sailing to the 155 mark will be enabled, without any notable resistance. The USDollar index would fall enough to capture global attention. ”
http://news.goldseek.com/GoldenJackass/1248379200.php
Let’s see…
@Danny,…….Like Mother says,…trouble with renewable energy,…..it’s free !!
http://www.cyberjournal.org/cj/show_archives/?id=730&batch=16&lists=newslog
The Peakers claim that we will very soon be facing a world
where chaos reigns supreme — a world of war, famine and death
on a scale unknown in recorded human history. And that does,
in fact, appear to be the case. And we’re not talking about
the distant future here, folks; we’re talking about the very
near future.
But the Peakers also claim that this global “die off” will be
a regrettable, but quite natural, and entirely unavoidable,
consequence of the world’s oil taps running dry. And that is
the really big lie. That is the lie that will very soon be
used to rationalize the killing off of hundreds of millions,
possibly billions, of the world’s people. There are, you see,
simply too many people in the world who, by merely being
alive, are standing in the way of the aspirations of the
global elite.
The people that the ‘Peak Oil’ pitchmen are fronting for are
deadly serious about selling ‘Peak Oil’ to the masses — and
not just in theoretical terms, as a cynical ploy to raise
prices and increase profits. No, it has become clear that the
real goal is to actually cut off most of the world’s oil
supplies under the ruse that the oil simply no longer exists.
The desired result is massive social unrest, widespread
famine, and endless war. The majority of the world’s people
will not survive. Those that do will find themselves living
under the overtly authoritarian form of rule that will quickly
be deemed necessary to restore order. And if you think that we
here in America are exempt, you are sadly mistaken.
In order to pull off this stunt, all the world’s major oil
producing regions must be solidly under the control of the
U.S. and it’s co-conspirators, otherwise known as ‘allies.’ In
other words, the puppet-masters have to control all the major
oil taps, so that they have complete control over the flow of
oil — or lack of it. And that, in a nutshell, is the real
reason for America’s recent military ventures. The goal, you
see, is not to steal Iraq’s oil, or the oil in the ‘Stans, or
in the Sudan, or in Venezuela, or anywhere else. We don’t want
to take their oil, because the truth is that we don’t really
need it (http://www.oilandgasreporter.com/stories/090101/cov_opinions.
shtml ). What we want to do is sit on the taps so no one else
can get to the oil.
@kjr
Yes, its a small step to issue ‘permits’ for using wind and solar resources..
Africa’s sun
This is a chance to Africa. They can tax sun energy and end poverty.
@Dedo:
REALLY cool list and interesting consideration.
@Anything but green
Selfreplinsing oil reserves..Can you do that for my bank account?
What about this?
http://www.reuters.com/article/latestCrisis/idUSSP416142
Carbon transfer to the oceans.
Don’t stone me; I only wonder why an argument must be all one way. There is too much carbon in the atmosphere, and the cap and trade program is a scam. IMHO.
How can man altering the ecosphere by excessive carbon emissions not have an affect?
@disorient
thnx, looks good. Will listen later, busy now. Max should do a spot on what zero growth means for an economy. Presumable it requires zero interest rates too…… Can that work Max?
@Dedo
Yeah stacy, you’ve created a monster! I like this headline…
Europe to buy Africa’s sun
http://www.russiatoday.com/Top_News/2009-08-03/europe-buy-africas-sun.html
Hey, why don’t we call abiotic oil “magic oil” – seem to tick all the boxes.
@ nic abbott
you should listen to peter custers recent interview on le monde diplomatique. if your that way inclined search it out and enjoy the can of worms
Old article, before it was generally known (amongst those who were curious enough to investigate) that the Russians were drilling successfully at great depths. (Over the years you can occasionally see an article about plugged wells refilling. The Vialls article I posted explains about the equipment, but that’s not the full story of course.)
http://www.accesstoenergy.com/view/atearchive/s76a2145.htm
RENEWABLE OIL FIELDS
“Scientist suggests some oil reservoirs refilling” by M. W. Brown, New York Times, in the Houston Chronicle, October 1, 1995, p 9D reports the work of J. K. Whelan from the Woods Hole Oceanographic Institute in Massachusetts. She finds evidence in the composition of oil in some oil fields and also in the rate of depletion of some fields that suggests that these fields are refilling from previously undiscovered oil and gas fields below them.
The new fields are estimated to be more than 30,000 feet deep -below depths currently drilled for oil. K. K. Bissada from Texaco in Houston is quoted as skeptical that this refilling can keep up with current human use, but he thinks it possible that the upper reservoirs that currently serve as a source for oil could be refilled in 10 or 20 years -which is comparable to current emptying times.
It does seem odd that all of the earth’s oil fields just happen to be within easy reach of 20th Century drilling techniques. That deeper fields might rise into the empty reservoirs which we create above them would be a fortuitous occurrence indeed.
Even if this turns out to be a rare occurrence, it has value. Think of the nightmares it will give Paul Ehrlich when news reaches Stanford.
this opinion piece kind of… chimes with some things max was talking about recently…
http://www.monbiot.com/archives/2009/06/17/outsourcing-unrest/
“Outsourcing Unrest”
@anything but green
As a nod to Stacey to keep it funky, lets call both peak oil and abiotic oil unproven theories. Best answer is to listen to mother and go green for our own benefits, because, whatever happens, oil is going to go up in price (and down and up and down and up)
No oil theory can support the idea of infinite supply and be credible – the earth isn’t infinitely big after all. So even abiotic oil theory must conclude in a finite resource. Economic growth, when viewed mathmatically, means exponential growth, which can only end in complete and catastrophic failure with finite resources – hence “sustainable growth” = 21st century’s biggest lie.
Nature will win in the end and ultimately wipe itself clean of the parasite “man” LOL
BTW, I realise that the above post doesn’t exactly scream crediblity but it’s all I know about oil, just thought I’d share it with you. Sorry if it’s of no use (in which case I’ll shut up next time).
Here’s my twopennies worth which maybe of little value as it is anecdotal. I know a man (in his late 70′s now) who was a VP at one of the large oil companies and who owned his own engineering company which provided necessary equipment to the oil industry. He eventually sold his company to none other than Rothschild and boy did he have alot to say about that man – none of it good (he apparantly destroyed the partners in the company and treated the people involved as if they were nothing). Anyway, needless to say that this man I know has been in the oil industry his whole life and knows an awful lot about the business. His take on this is that peak oil is a fabrication; he reckons there is enough available oil to last at least another 200 years. I know this source pobably won’t mean much because nobody has heard of him, but someone with that amount of experience and at that level in the industry must have somewhat of a clue, don’t you think?
“Financial news in US is geared toward ‘helping’ people understand why they need to buy, buy, buy stocks to ‘help’ ‘growth’ etc. CNBC is nothing more than Home Shopping Network for Wall St.”
Exactly. Here he is again:
http://2.bp.blogspot.com/_H2DePAZe2gA/SmaOOd5YVTI/AAAAAAAAJcg/QFKIYj9096Q/s1600-h/cramerpimpjuice.JPG
Quick Stacy!,…put up some more headlines,….you’ve created a stampede,..
http://educate-yourself.org/cn/oilfieldsrefilling10apr05.shtml
Oil Fields Are Refilling…
Naturally – Sometimes Rapidly
There Are More Oil Seeps Than All The Tankers On Earth
Deep underwater, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly. Although it sounds too good to be true, increasing evidence from the Gulf of Mexico suggests that some old oil fields are being refilled by petroleum surging up from deep below, scientists report.
Denier,.!! hmm
http://uncyclopedia.wikia.com/wiki/Al_Gore
For all the green activism at present Britain still uses a lot of coal in power stations. People don’t notice so much is still used.
We import a large percentage used. When we become a basket case and our currency devalues and we have even more unemployed will we open the mines and get some of those old miners off the dole?
Produce our own steel and ships again?
It’s all being done in our name in a far distant galaxy anyhow.(well the BRIC nations and associates)
I want green energy. Solar powered barges on a new canal infrastructure. Small electric cars just a bit larger than mobility vechicles. Robots designed to recycle the rubbish (they can mine the tips instead of children).
But right this minute I am thinking we ain’t peaked coal just yet (or have we?) and I can see us needing to decouple through lack of balance of trade, so imagine these things may yet come to pass.
I knew these headlines would flush out the climate and
peak oil deniers on this site.
George Monbiot is very good on this. The amazing point
he made recently regarding a scientific assessment of
total reserves (ie one not carried out by the oil producing countries themselves) has only been recently completed
by the IEA. Sure there is manipulation and price fixing but the
underlying reality is clear and inescapable.
Colin Campbell also a good source.
@Anything but green ROFLMFAO or something..
Abiotic oil? What are you trying to say?
Rock oils,…ain’t day de same as cat fish? : )
I wasn’t gonna wade in on the oil debate hear again…but…heres an MP3 of Michel Chossudovsky and William Engdahl on oil, oil speculation and Goldman Sachs
http://www.engdahl.oilgeopolitics.net/print/Chossudovsky_1_070708_110000-1.mp3
(I’ve read Mike Rupperts books too so I’ve studied both sides of the argument- just in case I get attacked here!)
Sorry last post was so messy.
http://www.gasresources.net/DDBflds2.htm
V. A. Krayushkin, T. I. Tchebanenko, V. P. Klochko, Ye. S. Dvoryanin
Institute of Geological Sciences
O. Gonchara Street 55-B, 01054 Kiev, Ukraine
J. F. Kenney
Russian Academy of Sciences – Joint Institute of The Physics of the Earth, Moscow, Russia
Gas Resources Corporation, 11811 North Parkway, Houston, TX 77060, U.S.A.
The modern Russian-Ukrainian theory of deep, abiotic petroleum origins is by no means simply an academic proposition. After its first enunciation by N. A. Kudryavtsev in 1951, the modern theory was extensively debated and exhaustively tested. Significantly, the modern theory not only withstood all tests put to it, but also it settled many previously unresolved problems in petroleum science, such as that of the intrinsic component of optical activity observed in natural petroleum, and also it has demonstrated new patterns in petroleum, previously unrecognized, such as the paleonological and trace-element characteristics of reservoirs at different depths. Most importantly, the modern Russian-Ukrainian theory of deep, abiotic petroleum origins has played a central role in the transformation of Russia (then the U.S.S.R.) from being a “petroleum poor” entity in 1951 to the largest petroleum producing and exporting nation on Earth.
“Rock oil originates as tiny bodies of animals buried in the sediments which, under the influence of increased temperature and pressure acting during an unimaginably long period of time, transform into rock oil [petroleum, or crude oil]”
Academician Mikhailo V. Lomonosov, “Slovo o reshdenii metallov ot tryaseniya zemli,” Proceedings of the Imperial Academy of Sciences, St. Petersburg, 1757.
“The overwhelming preponderance of geological evidence compels the conclusion that crude oil and natural petroleum gas have no intrinsic connection with biological matter originating near the surface of the Earth. They are primordial materials which have been erupted from great depths.”
Academician Professor Vladimir B. Porfir’yev, senior petroleum exploration geologist for the U.S.S.R., at the All-Union Conference on Petroleum and Petroleum Geology, Moscow, 1956.“Statistical thermodynamic analysis has established clearly that hydrocarbon molecules which comprise petroleum require very high pressures for their spontaneous formation, comparable to the pressures required for the same of diamond. In that sense, hydrocarbon molecules are the high-pressure polymorphs of the reduced carbon system as is diamond of elemental carbon. Any notion which might suggest that hydrocarbon molecules spontaneously evolve in the regimes of temperature and pressure characterized by the near-surface of the Earth, which are the regimes of methane creation and hydrocarbon destruction, does not even deserve consideration.”
Professor Emmanuil B. Chekaliuk, at All-Union Conference on Petroleum and Petroleum Geology, Moscow, 1968.
“The eleven major and one giant oil and gas fields here described have been discovered in a region which had, forty years ago, been condemned as possessing no potential for petroleum production. The exploration for these fields was conducted entirely according to the perspective of the modern Russian-Ukrainian theory of deep, abiotic petroleum origins. The drilling which resulted in these discoveries was extended purposely deep into the crystalline basement rock, and it is in that basement where the greatest part of the reserves exist. These reserves amount to at least 8,200M metric tons of recoverable oil and 100B cubic meters of recoverable gas, and are thereby comparable to those of the North Slope of Alaska. It is conservatively estimated that, when developed, these fields will provide approximately thirty percent of the energy needs of the industrial nation of Ukraine.”
“Rock oil originates as tiny bodies of animals buried in the sediments which, under the influence of increased temperature and pressure acting during an unimaginably long period of time, transform into rock oil [petroleum, or crude oil]”
Academician Mikhailo V. Lomonosov, “Slovo o reshdenii metallov ot tryaseniya zemli,” Proceedings of the Imperial Academy of Sciences, St. Petersburg, 1757.
“The overwhelming preponderance of geological evidence compels the conclusion that crude oil and natural petroleum gas have no intrinsic connection with biological matter originating near the surface of the Earth. They are primordial materials which have been erupted from great depths.”
Academician Professor Vladimir B. Porfir’yev, senior petroleum exploration geologist for the U.S.S.R., at the All-Union Conference on Petroleum and Petroleum Geology, Moscow, 1956.
“Statistical thermodynamic analysis has established clearly that hydrocarbon molecules which comprise petroleum require very high pressures for their spontaneous formation, comparable to the pressures required for the same of diamond. In that sense, hydrocarbon molecules are the high-pressure polymorphs of the reduced carbon system as is diamond of elemental carbon. Any notion which might suggest that hydrocarbon molecules spontaneously evolve in the regimes of temperature and pressure characterized by the near-surface of the Earth, which are the regimes of methane creation and hydrocarbon destruction, does not even deserve consideration.”
Professor Emmanuil B. Chekaliuk, at All-Union Conference on Petroleum and Petroleum Geology, Moscow, 1968.
“The eleven major and one giant oil and gas fields here described have been discovered in a region which had, forty years ago, been condemned as possessing no potential for petroleum production. The exploration for these fields was conducted entirely according to the perspective of the modern Russian-Ukrainian theory of deep, abiotic petroleum origins. The drilling which resulted in these discoveries was extended purposely deep into the crystalline basement rock, and it is in that basement where the greatest part of the reserves exist. These reserves amount to at least 8,200M metric tons of recoverable oil and 100B cubic meters of recoverable gas, and are thereby comparable to those of the North Slope of Alaska. It is conservatively estimated that, when developed, these fields will provide approximately thirty percent of the energy needs of the industrial nation of Ukraine.”
Professor Vladilen A. Krayushkin, Chairman of the Department of Petroleum Exploration, Institute of Geological Sciences, Ukrainian Academy of Sciences, Kiev, and leader of the project for the exploration of the northern flank of the Dnieper-Donets Basin, at the VII-th International Symposium on the Observation of the Continental Crust Through Drilling, Santa Fe, New Mexico, 1994.
@all
I think the west is collapsing now because through default has become a central control economy period.
Its reached a certain size and complexity that allows collapse to take place . It has effectively become an exotic creature and may not last long as was shown in the USSR.
The following components help but I don’t think It matters as to the mix of secrecy, cartels, corrupt governments, incorrect economics, propaganda. They just seem to act as powerful catalysts within the complex structure.
I don’t think this collapse will end until the structure that is causing this collapse is broken, and dies.
I expect that the controling elite or influential will destroy it themselves effervescently but unintentionally as I don’t think they understand it, or more paradoxically their understanding and actions ensure it goes to chaos and breaks.
It may become dangerous to be right if your government is wrong in certain places and time, so be careful.
———————-
The question was asked why the masses are not protesting as much as you would expect given that their pockets are being picked?
My Answer
You are asking a Oil Tanker to pirouette like a Ballet Dancer, when that monster gets moving it will be impossible to stop and whoever gets in its way will be squished. I hope the tanker does not move for all out sakes. Be careful what you wish for, seriously!
Hey,.Jeannon,…………it wouldn’t be any fun if we just stayed silent,….c’mon ,…let your hair down : )
@Jeannon Kralj
And how would that scheme work if everyone had their own renewable power supply? That is why the power companies fight development of renewable energy..
“Peak Oil” is a total scam. We only get lies from the oil industry, energy industry and government. Goal is to CONTROL all human life on planet and install the one world death and slavery system.
Artificial shortages for diabolical purposes.
There is enough oil in the Prudhoe Bay, Gull Island and other areas of Alaska to supply the USA in perpetuity and if these supplies were allowed to be exploited.
I believe in conservation and finding alternative energy sources but that also is all controlled by the world government oligarchs.
Why respond to and discuss seriously the neverending lies we get from the government or media or from the executives in the petrochemical/military/pharaceutical/
industrial monsters.
@ Nic Abbott
Russia proves Peak Oil is a misleading Zionist scam
By Joe Vialls
http://www.gasandoil.com/goc/features/fex44110.htm
http://ajnag.com/hemp/
There’s an informative talk on a video somewhere, describing hemp’s history… but can’t locate it.
Basically, hemp is just too good to be tolerated. It supplied half of the calories in the diet of China until they were switched over to rice dependency. It was used for some 80% of the world’s clothing fiber (and no, it wasn’t low quality; it has never been surpassed for strength and fine quality). The plants nourish rather than deplete the soil. It’s proven medicinal values were a no-no for the Rockefeller-dominated medical industry, and it had to be eradicated as a rival to the oil industry. There’s much more on it though. Sorry I can’t find that video.
@anything but green
The bottom line remains that there is to much carbon in the atmosphere. Abiotic oil won’t help.
I’m in favour of solar desalination plants on the moroccan coast greening the land, using the sale of the crops to expand landwards until the whole of north africa is green again.
With simple technology the sun can be used to heat, cool and generate elctricity, especially in California and Texas..
Rather than debating the issues,..why not just find out if there are any beneficiaries, and if there are, who, and if it’s just coincidence or not ! “SIMPLE”
Thanks for posting this important messge again M&S. My faith in you is restored!
@anything but green … even if deep abiotic oil existed (which it doesn’t), there is a point where you need to put in more energy to recover oil than you get out of it. See Russell’s post of EROEI.
Remember that the period covered by the 18th Amendment (1919-1933) coincided with the huge rise in the sale and operation of automobiles. America was on the move, and all of these cars were now operated solely on gasoline. By the time that the 21st Amendment was passed, ending the prohibition of alcohol, the standard was already set and worked completely in the favor of the Rockefeller family.
These events have had a tremendous development on the American economy, foreign policy direction, and the environment. In fact the consequences are worldwide. It is easy to lose sight of the big picture, and concentrate on the many subplots involving Detroit’s supression of alternative fuel technologies. The chapters being written in today’s tumultuous climate are indeed the continuation of a story started long ago. We venerate the capitalist captains of industry (like Rockefeller) without any examination of what they have cost the nation and the world. If we don’t re-evaluate our contemporary thinking in light of the events of the past, we are headed for times in which alcohol may be our only escape from a harsh reality. Maybe we have been pouring it in the wrong place all along.
Most people are not aware that Henry Ford’s Model T came in a variation that allowed the driver to switch the carburetor to run the engine on farm-made ethyl acohol. This allowed the operator to stop at local farms (equipped with stills) to refuel his/her car during long trips through the backcountry. After all- the gas station wasn’t exactly as ubiquitous in those days, as it is now. The Standard Oil Company and its industrialist-founder John D. Rockefeller wasn’t too happy with this arrangement. After all, Rockefeller’s company had a virtual monoploly on gasoline at this time in our nation’s development.
Yeah…Maybe get Herman Scheer as a guest. He’s like the Marc Faber of energy!
This is a long video, but worth the watch because it covers most if not all bases of the current disastrous oil and utility driven misinformation stranglehold and stalemate http://www.youtube.com/watch?v=_z7cdDYP_zg Beats Seashepard for me because the message is more universal and mobilizing..
Oh, and check out (and support) http://www.solarbowl.org, which will be a serious operation for me for the forseeable future..
@Max
the only way you can get any airtime in MSM in US is to contact Dennis Kneale, and tell him that you are a big bear. He will then call you to his panel of analysts, to try to thrash your views , to prove that you are wrong.
At which point you can thrash him and the other green shooters!
D&B
@ Dan Valley
The Club of Rome gave the orders, the media jumped to. Nature (or more likely the weather controllers) didn’t cooperate.
From the now notorious April 28, 1975 issue of Newsweek :
The Cooling World
http://sweetness-light.com/archive/newsweeks-1975-article-about-the-coming-ice-age
Here are just a few products made from oil,…I wonder what devious minds made it so (quite the market manipulation)
Ammonia, Anesthetics, Antihistamines, Artificial limbs, Artificial Turf, Antiseptics, Aspirin, Auto Parts, Awnings, Balloons, Ballpoint pens, Bandages, Beach Umbrellas, Boats, Cameras, Candles, Car Battery Cases, Carpets, Caulking, Combs, Cortisones, Cosmetics, Crayons, Credit Cards, Curtains, Deodorants, Detergents, Dice, Disposable Diapers, Dolls, Dyes, Eye Glasses, Electrical Wiring Insulation, Faucet Washers, Fishing Rods, Fishing Line, Fishing Lures, Food Preservatives, Food Packaging, Garden Hose, Glue, Hair Coloring, Hair Curlers, Hand Lotion, Hearing Aids, Heart Valves, Ink, Insect Repellant, Insecticides, Linoleum, Lip Stick, Milk Jugs, Nail Polish, Oil Filters, Panty Hose, Perfume, Petroleum Jelly, Rubber Cement, Rubbing Alcohol, Shampoo, Shaving Cream, Shoes, Toothpaste, Trash Bags, Upholstery, Vitamin Capsules, Water Pipes, Yarn
YES AM PISSED @ the value of the £ !
STACY, Tell Max am VERY dissapointed in him!
I WANT MY THING OF BEAUTY !!!!!!
Mike
@Mr Supergeek – yes I figured the ‘hot topic’ would provoke discussion, or bickering if you prefer;
@Youri – the largest consumer of oil in the world is US military
@ dan valley
Yeah, dat guy funny.
Did you read the first comment by Chives…
“The planet is doing fine. The PEOPLE are f****d.”
This way of thinking seems to be gathering momentum.
Gold/$US/Elitists
http://www.rightsidenews.com/200908025787/editorial/bob-chapman-on-gold-silver-a-bank-holiday-and-the-monetary-elite.html
There is always talks about the car and the consumer using oil while the Industry is the greatest user. Yet always about suvs and so on. It’s a brainwash.
There is enough coal to burn is into the 22th century, no problem.
@ anything but green
http://www.youtube.com/watch?v=h_1LZfLf67E
Wow, that Slap/Chop device looks cool.
Do you get a free set of steak knives when you order one with a 6 part payment scheme?
Hemp grows easy and fast so it can be a reasonable substitute biofuel that doesnt disrupt growing season of food crops.The legalization of hemp has nothing to do with getting high….as one would have to smoke a telephone pole sized joint to do so.
I think we may have a more pressing issue of water shortages.
Legendary Texas oil and gas executive / douche nozzle who stated that the deaths of 911 make the USA deserving of Iraqi oil, is also the single largest owner of world underground fresh water reserves…….hmmmm.
In india breakouts of water shortages and killings due to the chinese daming the himalayas.
Hmmmm.
Silver not following Gold at the moment.
Seems to be outperforming it.
@Max
It can only be Russia Today??? They’ve been interviewing Alex Jones , Webster Tarpley, Wayne Madson and alot of the so called alternative media in America. Interesting to know who owns Russia Today…
Uncomfortable facts from this site:
http://gasresources.net/
@Mike/Liverpool,……..Look at the £,..: (
Why we fight? For oil? Yup, fighting to keep oil in the ground.
http://gasresources.net/
http://www.gasresources.net/Lynch(Hubbert-Deffeyes).htm
http://www.cyberjournal.org/cj/show_archives/?id=730&batch=16&lists=newslog
http://www.davesweb.cnchost.com/nwsltr83.html
Financial news in US is geared toward ‘helping’ people understand why they need to buy, buy, buy stocks to ‘help’ ‘growth’ etc. CNBC is nothing more than Home Shopping Network for Wall St.
James Cramer is nothing more than Vince with SlapChop peddling a new way to slice and dice your net worth
http://www.youtube.com/watch?v=rUbWjIKxrrs
We have done shows for Al Jazeera English, BBC World, RDU NZ, ResonanceFM London, Press TV, France24 and we’re working on a new one for another international broadcaster outside of the US…
We always contact US distributors with our stuff.. But they do not want to upset the people with information that might jeopardize the current casino-gulag model where the inmates check themselves and commit consumer-asia
Now,…hmmm,..where would be a good investment,..?
Isn’t it just a damned nuisance for all those companies, that there’s going to be a shortage of energy, food,..and water around the globe,..tut,..they might have to go and raise their prices,….shucks !! (sooo annoying for them)
there’s a good chance it is being hoarded; also a very good chance that the technology to sustain all of us, well-fed, etc., if only we weren’t so god damned civilized, is there too, at least for now. Here in the US, though, we all ought to be worried about the dollar. For each dollars, as of now at 2:00AM PST, one receives 70 euro cents. The revaluing over the next six months will be a sustained, eternal collapse in the US.
I love these little Doco’s.
Yes, Information IS entertaining!
Can someone tell current MSM please. Reality TV is awful, its a reflection of why we are in our current situation.
And the program presenter ‘Summer’ is just Dreamy!!!!
Carbon, carbon, everywhere, but let’s make it very, very costly:
The Diamond Empire
http://video.google.com/videoplay?docid=-6186684678299366197&hl=en
Even more important than Peak Oil is the concept of Energy Return on Energy Investment:
http://en.wikipedia.org/wiki/EROEI
At the turn of the twentieth century oil could be extracted fairly easily with little more than a bit of manpower, horsepower or steam. Now it takes a lot of infrastructure to extract oil and this can only get harder and harder.
Energy Return on Energy Investment is fundamentally an economic principle, yet very few economists refer to it. After a certain point the extraction becomes not just uneconomic but almost impossible. Capital and human ingenuity is not the engine of our economy, natural resources are the engine & fuel – we are just the driver.
Are we witnessing the end of the industrialised pyramid scheme:
http://hnn.us/articles/47330.html
Do you know anything about the Hubbert Peak?
http://www.hubbertpeak.com/Lynch/
Artificial scarcity:
http://www.scribd.com/doc/3209608/abioticoil
Peak oil…..always a hot topic…no bickering Y’all…try keep it Funky.
http://www.youtube.com/watch?v=uRNqleXEoFw
Warning:
Artificial scarcity is out to get you.
http://gasresources.net/
http://www.hubbertpeak.com/Lynch/
http://www.gasresources.net/Lynch(Hubbert-Deffeyes).htm
http://www.scribd.com/doc/3209608/abioticoil
http://www.cyberjournal.org/cj/show_archives/?id=730&batch=16&lists=newslog
http://www.davesweb.cnchost.com/nwsltr83.html
MR — John Gray — Adnan Khashoggi
http://gasresources.net/
http://www.hubbertpeak.com/Lynch/
http://www.gasresources.net/Lynch(Hubbert-Deffeyes).htm
http://www.scribd.com/doc/3209608/abioticoil
http://www.cyberjournal.org/cj/show_archives/?id=730&batch=16&lists=newslog
http://www.the7thfire.com/Politics%20and%20History/peak_oil/peak_oil_is_a_known_fraud.htm
http://www.davesweb.cnchost.com/nwsltr83.html
http://www.davesweb.cnchost.com/nwsltr84.html