America’s energy policy
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Michael Hudson
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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All wars are fought for oil. Oil not for civilians but for the military. No military can fight a war or defend a country without oil.
And the American Military has never told a lie, ever.
And there are no useful technologies locked away by the oil cartels.
And the climate warming scientists funded by the Rockefellers are swell fellows.
This is another boogeyman the government is proposing. I don’t buy it. They already have technology in New Jersey that makes this perceived crisis a non event. But thanks for posting anyway!
fear mongers
Is anyone else getting the feeling that it’s only the military that matters in this equation anyway?
Love this website but the Peak Oil Banter is pointless. In Alberta, Canada, we have the tar sands. Not as cheaply extracted as regular oil but tar sands can supply the entire world for about 100 years. There’s tar sands in dem dare States too. Fossil fuel isn’t so eco friendly but Peak Oil is a cause without real merit.
Colin Campbell predicts credit crunch due to peak oil 2005
http://www.youtube.com/watch?v=lDNMjV6sumQ&feature=related
@rob – do a little research about the amount of energy required to extract a barrel of oil from the tar sands and you will see that such oil is post-peak supply; more and more energy is required to extract each barrel of oil until the point where it costs more in energy to extract a barrel; and the price to extract that barrel costs a whole lot more than to extract a barrel from Burgan or Ghawar where it will only cost a few dollars; the Alberta tar sands are not profitable at less than $80 per barrel and it takes two to three barrels of water per barrel just to separate the bitumen from the sand
@max don’t jump into conclusions, just because it sounds “enviro-friendly” doesn’t mean it’s true. What better excuse to jack up oil prices and justify war than Peak Oil? Where does the information about depleting oil reserves comes from? Governments and oil companies would never lie for profit, would they?
I recommend great article by Dave McGowan http://www.davesweb.cnchost.com/nwsltr52.html (and later newsletters responding to Mike Ruppert, enlightening debate)
And for some science have a look at http://www.gasresources.net
Particularly the part about why the origin of oil is not what you think it is: http://www.gasresources.net/DisposalBioClaims.htm
For short overview see this video: http://www.youtube.com/watch?v=stnMHgEUrnc
Put away your possible preconceived notions and dive deep
thanks
Mike Ruppert says Ireland should default on debt.
Worth having him back on?
http://www.youtube.com/watch?v=FL1MXGuobyc
Well Americans enjoy yourself while becoming serfs for your feudal masters in China!
The only preparation the government is doing is to find ways to hoard, anything else is a fantasy. They’re doing exactly what the oil barons want. Big surprise, that means that we will have no way to heat our homes; we will have no way to get food. We the people will starve and freeze to death if you survive the police state (that’s all the “health” insurance scam is about), which is happening today – but we’ve been taught to believe in the gobbermint (God), no matter what. Was there anything in Wikileaks about Peak Oil? I doubt it.
Very sick and sad that the interbred Bilderburgs will get their way.
I tried really hard to think up a head-firmly-lodged-in-the-ass comment, too, but just couldn’t think of one. Ah well, at least there are others around to pick up the slack for me.
@indeed
I Don’t think so.. Even if ObamaCare stands as is, I see a revolution on the way, even with the IRS expanded due to this crap, hired from printed $$, and you KNOW where that leads!
So far, the vote given in November was but the first shot across the bow. Until the cracks in the economic wall become a collapse will there be real action and not one second beforehand. Sure, it looks hopeless right now, but Big Brother Government simply can’t continue with their status quo. California, Camden, NJ, the IL pension system, Birmingham, AL are just the start of the fall, y’all.
Just ask yourself:
1) Have we developed a solid, concrete and conclusive exit plan for both Afghanistan and Iraq? When does it take place? Is the internal security of these countries such that we can leave, not leaving them naked and our sacrifices all in vain??
2) At what point will we leave the over 100+ countries that we offer military support to? Of course this will happen after it’s way too late to have saved the Empire of $$, the same mistake as Britain & Rome made.
3) What plans have good Americans made to either fight or flight, depending on their circumstances if they are in the cities and the SHTF? Best to plan now! Don’t worry too much about National Guard having much influence domestically, cause they’re overseas fighting the wars from the unlimited Printing Press that our scumbag Uncle Ben tosses out of his Christmas Helicopter. To hell with Rudolph this season! The red beacon on the whirly bird is way brighter and the way down to economic Hades is getting shorter, day by day!
Now, you’re correct that the transportation infrastructure could well tumble and food on the shelves will disappear – quickly! This is one of the reasons I’ve already been proactive to collect food. Another good reason to get good quality non-perishables now is the inflation that WILL arrive soon. It’s no longer a matter of “if” but when. If you’re speaking for yourself, consider both gold/silver and stocking up on potable water and non-perishables. You’ll thank me later. Now, I’ll pat myself on the back for what I’ve done for myself.. That felt good!
Crash JPMorgan, Buy Silver
L T P
@lickthepig on twitter
Yeah Max,
you and Stacy were discussing the price of a barrel going up on your radio show…then went off on another subject and never discussed the “why.” I believe you were too busy dissing pot smokers or something…kinda sounded like Nancy Reagan to be quite frank…but I did enjoy Sherbert asking “what was that about?” during one of your Max Mad routines…..I didn’t know either.
Well anyway, I see you fixed that, this is the why. Supply and Demand Max says is dead is the reason. I think Max meant S&D is dead…besides declining supplies of crude…and silver.
[rob
Dec 5, 2010 at 10:11 pm
Love this website but the Peak Oil Banter is pointless. In Alberta, Canada, we have the tar sands. Not as cheaply extracted as regular oil but tar sands can supply the entire world for about 100 years. There’s tar sands in dem dare States too. Fossil fuel isn’t so eco friendly but Peak Oil is a cause without real merit]
Gibberish. “Not as cheaply” eh? No kidding: tell us about the lakes of contaminated water Canada has to store now in those regions.
And as the more easily processed crude is used up (according to industry experts, not you of course, but those that know), the latest situation is being stated as ALL SWEET CRUDE is almost gone now, the COST of extracting the crude goes higher and higher, and the Tar Sands can nowhere NEAR meet the demand.
I suppose you did not see the latest IAEA chart Max posted of the remaining crude prospects? Not too encouraging, and that INCLUDED your precious polluting tar sands.
Nowhere NEAR enough to replace declining fields and new fields.. Dream On.
http://twitter.com/cheapOil
CHEAP OIL’s easy money and greed-technology with structured financial capital built the American Dream that is now collapsing:
THE GREAT EXTRACTION & BIG CRUNCH
http://pollutico.com
“I suppose you did not see the latest IAEA chart Max posted of the remaining crude prospects?”
And we should trust IAEA charts because …? Oh, they are the authority and authorities never lie … I get it
That’s like coming to IMF for financial advice …
If Peak Oil is so true and “suppressed” info I wonder why corporate media is pushing it and … and why people are being *killed* for defying it!
I think following timeline may interest you (from http://www.davesweb.cnchost.com/nwsltr83.html):
March 3, 2004: Philip Watts, CEO and former chief of exploration for Shell Oil, is asked to step down amidst a scandal involving allegedly inflated reserve estimates. Two months earlier, Shell had dramatically lowered its estimates of recoverable reserves, claiming that earlier figures had been faked. Both Watts and Walter van de Vijver, who had replaced Watts as chief of exploration when Watts became CEO, are forced to resign. Watts is the first CEO in the company’s century-long history to be forced from office.
April 19, 2004: Judy Boynton, Chief Financial Officer for Shell, is fired in the ongoing scandal over ‘faked’ reserve estimates. Boynton’s departure is accompanied by a further reduction in Shell’s estimated reserves.
April 28, 2004: Spokesmen for Saudi Arabia’s state-owned oil company announce that they are more than quadrupling their previous estimates of recoverable reserves, adding that the new estimate of 1.2 trillion barrels is “very conservative.”
May 1, 2004: Unidentified ‘terrorists’ strike out against key components of Saudi Arabia’s oil industry.
May 21, 2004: Saudi spokesmen again announce that the kingdom sits atop vast stockpiles of recoverable oil reserves.
May 29, 2004: ‘Terrorists’ again attack the Saudi oil industry. No further announcements are forthcoming from Saudi officials.
June 22, 2004: Professor Thomas Gold, the West’s most vocal and influential proponent of the abiotic origins of hydrocarbons, dies suddenly on the Summer Solstice.
July 2004: Russia’s Yukos Oil is charged by the Putin government with tax evasion.
August 3, 2004: Pemex, Mexico’s state-owned oil company, announces that it has mapped vast new oil fields in the Gulf of Mexico, enabling it to more than double the country’s estimated recoverable reserves.
August 20, 2004: Green Party activist Walter Sheasby, who six months earlier had penned a piece exposing the true backers of the ‘Peak Oil’ ruse, dies suddenly, reportedly from the West Nile Virus.
October 2004: Mikhail Khodorkovsky, CEO of Yukos Oil, is arrested and – appropriately enough – sent off to a cell in Siberia.
November 1, 2004: Raul Munoz Leos is forced out of his position as CEO of Pemex following a manufactured scandal. As the Los Angeles Times reported, Laos’ ouster came “a week after Mexican newspapers detailed how his wife, Hilda Ledezma Mayoral, billed the company for liposuction treatments costing a total of $12,000 last year and this April. Although Pemex insisted that any of its employees and their dependents were entitled to similar medical reimbursements and that Munoz Leos repaid the company, the damage was done.” (Chris Kraul “Mexico Replaces Oil Monopoly Boss,” Los Angeles Times, November 2, 2004)
@ Marko – Really curious as to what corporate media you can site that is discussing Peak Oil in any real detail and with any semblance of adequate coverage?
@Mep “Really curious as to what corporate media you can site that is discussing Peak Oil in any real detail and with any semblance of adequate coverage?”
Well, I’m really curious what corporate media is discussing anything to any meaningful detail or semblance of adequate coverage
They usually don’t, that’s the point, they just hurl a lot of assertions at you expecting you to accept them as THE truth … because if they did cover it in real detail (like the actual science) their scam would come to an end very shortly.
- So, considering that oil is a fossil fuel produced in certain quantity long long time ago, fossil meaning that it originated as a living matter …
- Excuse me sir! But deepest fossils were found at 16,000 feet while we regularly drill oil wells 30,000 feet deep!?
- Oh, shi-
And that would be it
Anyway, see National Geographic feature “After Oil; Powering the Future.” or even in Esquire “The End of Oil (& Life As We Know It); A Handy Guide.” and much more, that’s just few Google results … I see it all the time now and then … don’t you? In major publications …
But that should not really be the focus, the focus should be the science … what is the evidence for oil being a “fossil fuel”? Why is conclusive evidence that it is produced spontaneously at big depths under great pressure from rock ignored/suppressed? Where does the figures for “depleting” oil reserves comes from?
Then you can ask yourself why are you being lied about the origin of the oil, why estimated reserves are scaled down by oil companies and CEO’s sacked for “inflating” them (as if inflating the numbers would be in their interest, it’s the exact opposite), why Saudis are hit by ‘terrorists’ after announcing quadrupling their reserves. Why people end up dead after exposing that it is actually Big Oil behind the Peak Oil scare and talking about abiotic origin of oil …
You’ll find some answers to those question in the resources I already posted, don’t be afraid to invest some time into thorough research, it s worth it! You’ll find out that the quest for oil is not about need but about greed and power, it’s not about running out, it’s about maintaining a monopoly and control.
@ Marko. Where do you get so dis-informed? Maybe you should read about energy on professional energy sites, instead of some info-warrior hut. The only conspiracies regarding to oil, besides the wars that kill millions to grab a few million barrels for the next dose of consumerism, are the ones hiding the fact that it is running out and the side effects on the planet’s environment the extraction, transportation and burning of hydrocarbons are causing (heavy metals, CO2, sulfites, etc.). Do not even try to start the AGW quarrel.
@ rich, Kyle, Luke, rob and Marko. It does take years for anyone to get a grip on the different branches of geoscience and engineering involved in the energy disposal that keeps us all alive without us needing the use of the axe for lumbering or the hoe for digging the land- you jump to conclusions all too easily. The principle, however is quite simple: when you have a finite resource some day it will come to an end, and the day is just approaching. The truth is we now demand more oil than it is actually being produced, so everything depending on that mentioned resource is becoming less abundant and therefore more expensive. There is not a substitute for the amount of energy we get from oil, there will not be. However, if you doubt the principle is correct, you may need to check for yourselves the existing evidences at a specialized site. I would suggest the following link – enjoy yourselves (please do not quarrel too much with the folks over there, they are mostly good fellows).
The Best of TheOilDrum.com 2005-2010
http://www.theoildrum.com/node/7191
P.S.: The Depression we are living occurred due to the halt on oil production growth – being the oil in the market not enough for everybody to use as we please, the price raised until some just could not pay for it; with no cheap energy to keep the economy growing it is impossible to address both debt payments and present living costs. As simple as it gets. Population will decrease regardless of what NWO maniacs’ plans are.
@Spaniard This is exactly what I’m talking about … a lot of assertions without any underlying basis, why do you accept them without asking for source of those claims?
“The only conspiracies regarding to oil, besides the wars that kill millions to grab a few million barrels for the next dose of consumerism, are the ones hiding the fact that it is running out”
Yeah … and i should accept that because you say so despite hard evidence to the contrary, I don’t think so.
“It does take years for anyone to get a grip on the different branches of geoscience and engineering involved in the energy disposal that keeps us all alive without us needing the use of the axe for lumbering or the hoe for digging the land- you jump to conclusions all too easily.”
I do not accept arguments from authority as valid, sorry. If you want to persuade me you are going to have to reference evidence instead of telling me that I’m just too stupid and should listen to “experts”. I believe it may be you who is jumping to conclusions here, maybe you could consider that possibility
“The principle, however is quite simple: when you have a finite resource some day it will come to an end, and the day is just approaching.”
The first part I agree with, that’s indisputable … however the question is not *if* we are going to run out *some day* but WHEN – so not so simple you see. The same is true about the Sun, it has to run out of fuel some day, doesn’t it? It’s a finite resource … yet we do not worry about Peak Sun, do we? This argument i hear again and again and it is so wrong … it’s solely dependent on the amount of oil available – which is *unknown*. If it’s plentiful as the abiotic origin implies, worrying about running out anywhere soon is like people in Stone Age worrying about running out of stones.
“The truth is we now demand more oil than it is actually being produced”
That may be true but it tell as absolutely nothing whether we are running out of oil considering there is an oligopoly on oil production. *People* control how much oil gets produced, to assert that there is an underlying physical basis for that decline in production is quite a leap – oil production is manipulated all the time, see the timeline I posed for a pretty good indication that that’s exactly what is going on now.
Look, it boils down to pretty simple issue, if there is no evidence that oil is a fossil fuel and there is evidence to the contrary, why are we being lied about it? Do you not think there is a reason for that?
If you want to persuade me that I’m wrong (which I would be glad to be proven wrong – I learn that way) then you are going to have to show me evidence that oil is a fossil fuel. Please do!
In the meantime, you can check out why commonly presented “evidence” for that is a bunk (or refute it): http://www.gasresources.net/DisposalBioClaims.htm
See the evidence that oil is produced under the conditions present in deep Earth: http://www.gasresources.net/Hi-p-VI(H-C-Genesis).pdf
And maybe you can explain how is that that we find oil so deep when no fossils have ever been found nearly so deep.
Thanks
@Marko
With regard to the origins of hydrocarbons there is much to be clarified. Even though I do not have the time to look for the documents on theoildrum.com where geologists discussed the matter, I do not think it is relevant at all wether oil comes from decaying organic matter or if it actually grows spontaneously at the bottom of the oceans where, unequivocally, it has been proven to form in small quantities, or both.
The key question is how much time will it take to replenish the reservoirs we have already depleted, and, whatever the origins of oil, it will not happen for centuries or millennea, so we are stuck with the problem of depletion.
Besides depletion, oil is not an oligopoly anymore – after the oil crunch of the late 1970′s and early 1980′s most of the countries with important reserves went into a process of deprivatization of oil production operations, so now there remains just four big private oil companies in the world – Shell, ExxonMobil, Chevron, and BP – which do not make up an important percentage of the market anymore. The biggest oil producers in the world are Russia and Saudi Arabia, the last being under western seizure until now and not for much longer. Most of the oil producing countries have their own demand to satisfy, which is strong and growing so, and since production has proven to be unable to grow anymore (besides, perhaps, Irak and Brazil), that leaves an ever shrinking percentage for exporting somewhere else even if the actual production could carry on, which cannot.
Lastly, can you explain to me how is it possible that Saudi Arabia is building thermic plants for producing electricity fed with gas, when they have been using refined oil until now with that same purpose, if they have no depleting issues?
We may talk around the main point as much as you wish, but it will not help a bit in resolving the ultimate question: how are we going to face an era of ever decreasing supply and ever growing prices?
Hint: there is no substitute for oil and there will not be. Nuclear, biofuels, wind and solar will never make it, not even as a palliative. Furthermore, nuclear is so expensive and its waste does so much harm for so long that it horrifies me how dumb we are just considering it as an option for electricity – ask the irakies what do they think about depleted uranium. We run out of energy and we have to live with the wastes produced during a long century of industrial madness and without the natural resources that were feasible for our grandparents – this is not ideological, but rational. I do not have any answers on how we are supposed to do it, but the facts seem quite clear to me.
Go to theoildrum.com folks. I always do when wondering about energy and oil.
“The key question is how much time will it take to replenish the reservoirs we have already depleted, and, whatever the origins of oil, it will not happen for centuries or millennea, so we are stuck with the problem of depletion.”
You’re quite right. The issue I have with this is there there are no independently verifiable numbers on this. All we know about oil reserves is by some proxy which has its own interests at heart first. Just see the Saudis, they announce quad times the reserves and get hit by ‘terrorists’ and that they say was “conservative”. So why do folks who announce big reserves get attacked like that? That’s a huge indication of a foul play here. There is something wrong with that picture. And at the same time, oil companies scale down their “estimates” and fire CEOs? Hm, hm … isn’t that quite interesting? That’s my reason for not trusting the numbers I get from “authorities” (which essentially all of them are coming from) … somebody clearly has quite an interest in making the impression that the oil is running out. Russians don’t care, Saudis don’t really care … no oil producer really cares because it’s making their oil worth MUCH more so those in the know have no incentive to “blow the whistle” on real numbers. Why would it be in Saudis interest to make their oil make worth much less while being hit by ‘terrorists’ and possibly invaded because of it? It’s not, so they just sit on it.
So the only thing I can trust is hard facts, that’s why I’m pounding on the abiotic origin. Why lie about that if your interest is not to make people think there is much less oil than there actually is? Clearly, that’s the rationale for the myth. And clearly, Peak Oil plays right in the same tune to reinforce the myth. It works for diamonds, why not for oil? Diamonds are essentially worthless shiny rocks yet they trade for outrageous prices because there is a perception of scarcity (and De Beers cartel – just like Oil cartel). And people get their countries invaded if the try to go around that cartel, so yeah I think there is a good reason to suspect oligopoly
quite strong one.
“Lastly, can you explain to me how is it possible that Saudi Arabia is building thermic plants for producing electricity fed with gas, when they have been using refined oil until now with that same purpose, if they have no depleting issues?”
Well, you can speculate on that until you’re blue in the face, it doesn’t really tell you anything. Maybe they just want to diversify, maybe natural gas is cheaper than oil, easier to transport, more convenient … who knows, maybe they just do shit to confuse you
You never really know with these folks. That’s why I do not accept most of the arguments for Peak Oil, it’s just wild speculation and creative interpretation of things that can be happening for zillion other reasons.
“If peak oil is not true, why are they drilling off shore!?” (I hear that from others quite a lot)
I’m not an oracle dude, but neither are you
Maybe because there is “environmental” legislation forbidding drilling inland, maybe they save the easy to get fields for the event of war, who the hell knows … there is so much dynamics involved that it’s almost impossible to interpret that in any conclusive way.
Anyway, everything is a probability … I’m not saying Peak Oil couldn’t be true … but I have not seen any real persuasive evidence for it and seen too much lies and incentive to invent it that I see it as highly unlikely scenario to be really happening in near future. They’ve been warning about Peak Oil in the 70′s already, it seems to be intentional scaremongering to jack up prices, justify war and lower your standard of living.