MiMiCcS May 27th, 2008 10:26 pm

Your post is one of the best I have read to date about the "Peak Oil hoax". In another article (of which I can not now find the url to) stated that George Soros and his hedge funds are speculating on the price of oil, thus helping to drive up it's price. Environmentalists are doing every thing they can to stop the nuclear power option. Yes quite a few people died at Chernobyl (Russian design flaw) but no one died at TMI (superior US design and employee training). France has 56 identical working nuclear plants (US design), generating 76% of Frances electricity. True the waste is a vexing problem but if France can do it WHY can't we?
see:
http://www.pbs.org/wgbh/pages/frontline/shows/reaction/readings/french.html

Unfortunately of the 3 people running for office of the president of the US, none of the above, looks like the best option. One nice thing about the US is it's citizenry (for now) is well armed and if pushed enough is not afraid to take the fight to the courtroom or the streets. Something the NWO and the Malthusian elite should think about.

perhaps in some insane fashion our goverments are aware of the global crisis..and they view climate change as the soloution to the crisis..bit of a gamble for sure but they have the human genome information and the technology to use it..and some where to hide whilst the nuclear winter of climate change engulfs the planet..or not..when things get this reversed anything is logical and plausible

I want to correct my above remark that "we do not know that oil has peaked yet" to this extent: oil production has been flat at 87 millions barrels/day since 2005.

MiMiCcS May 27th, 2008 10:26 pm -- thank you for your detailed explication. You highlight facts and provide support for them. I have saved your rebuttal, not the article. You spent time to put this together and I appreciate it.

We are every bit as degraded and debased as you describe. The corruption goes to the bone and always comes back to "who holds the whip". In the end, decentralized production and distribution of energy, food and products is the only answer I see that offers the potential of freedom from the Masters and Slaves model of life. Hydraulic Despotism & closed systems of Power, Wealth, & Privilege. And yes, that model is 4000 years old. It's killing us. Which means we've grown past the limits of our infancy.

And yes, for over 120 years the biggest challenge for cartographers has been one thing: Every time they re-draw the maps they are drawing smaller and smaller political units.

And yes, any time folks want to drop the population all they have to do is allow women to have their full human rights of economic and biological self-determination. Population drops like a stone. The woman has the RIGHT to say "NO" to reproduction and has the capacity to support herself and her life without being the property of a male. HOWEVER

As long as women are held as gender slaves inside an economic system of wealth accumulation through human slavery and Absolute Advantage - we're fucked. Time to grow up. Humans are not food. The measure of a human being is their behavior in the presence of vulnerability. It's all part of the same tapestry.

Thanks.

Peace.

I posted this on another article but I didn't want anybody to miss this. Sorry if I'm out of line.

I wanted to share part of an article in the paper this morning so you would know that there are people doing their part to conserve energy.

Under the title "The Scooterists"

"Kim Hale figures sometimes you have to spend money to save a money.

So, a few weeks ago, as her T-Rex-sized GMC Denali continued to chew through $100 bills at the gas station, the Flower Mound stay-at-home mom decided to submit to the economy of scale.

She and her Porsche-driving husband, Jim, bought scooters.

Not any scooters, mind you, but trendy, Italian, I-shop-for-sushi-with-a-burlap-bag Vespas. With custom paint, the pair cost just north of $15,000. The environmental panache came free.

"We figure they'll pay for themselves in no time," said Mrs. Hale, 40. "It cost $14 to fill them both up and they get 60 miles per gallon."

The fuzzy math goes something like this – Mrs. Hale spends about $400 a month quenching the thirst of her SUV. This summer, she plans to roll around Flower Mound on her Vespa instead. She said the savings should make the payment on their scooters.

Last weekend was a good example. She and her 43-year-old husband took the scooter to the grocery store, to dinner and to Target.

"I was joking with my husband," she said. "We probably saved $30 this weekend in gasoline alone, and that's just driving around town"

It was even worse when I noticed they are making payments on the scooters. Sometimes I wonder.

"Only we are stupid for electing oil men to the Oval Office; especially ones who like kneeling and kissing the King's ring and ass."

Darn! I missed the part where he kissed the ring.

Seriously, this is the tyrant GM is appealing to?

"The Times reports that a senior member of the Saudi government delivered an "ultimatum" to Mr. Blair that unless the investigation into "an allegedly corrupt defense deal" is stopped, the Saudis will also stop payments on the deal, worth about $76 billion to the British economy."

Oh, and in case that threat didn't take:

"Saudi Arabia's rulers threatened to make it easier for terrorists to attack London unless corruption investigations into their arms deals were halted, according to court documents revealed yesterday."

Good luck with that.

Consider this.

http://uk.reuters.com/article/oilRpt/idUKL2232289720080522

"Oil prices at a record high above $135 a barrel are rising due to market sentiment rather than a shortage of supply, Royal Dutch Shell's chief executive said on Thursday.

"What we say and what we see is there are no physical shortages," Shell's Jeroen van der Veer told Reuters television. He runs the world's second-largest fully publicly traded oil firm by market value.

"There are no tankers waiting in the Middle East, there are no cars waiting at gasoline stations because they are out of stock. This has to do with psychology in the markets and you cannot forecast psychology".

Thats a Big Oil insider talking. Saudi Arabia and OPEC have all along said
their production is meeting demand. The Malthusian Moonbat is no more credible than Baghdad Bob. It's all a big con.

Many confuse production with the amount of oil available left for us to consume. The world has 1.3 trillion barrels of oil proven reserves, and another 1.7 trillion in probable and estimated to be new discoveries. Only 35 years ago we had 650 billion in proven reserves, and despite our drastic increase in consumption, this has doubled today. World oil consumption is 33 billion barrels per year, we have another 40 years of oil left, even if consumption doubles, based on proven and probable, and expected discoveries.

Could Saudi's oil field reserves be overstated? Perhaps. But we do know that Iraqs is understated, and may even exceed Saudi Arabias reserves. Global reserves have doubled in the last 30 years despite rapid increases in consumption! In many countries, like the US, the reserves are understated for tax reasons. There is a lot more oil out there.

Consider that once oil hit 60 dollars a barrel in 2005, oil from tar sands in Canada became economically recoverable, and they have 175 billion barrels of it. All of it will come to the US as Canada exports 99% of their oil exports to us (and they know we will invade them like we did Iraq if they use the environment as an excuse not to extract it). FYI, we use 7 billion barrels of oil per year (the Pentagon uses 100 million barrels per year). Canadas oil sands are 20 years of US supply, although it will only provide is with 1 billion barrels per year by 2015 (15% of our current consumption) due to environmental concerns. In global terms, it is a 5 year supply. Information came from a CRS report to Congress last year. Doesn't seem to affect the markets though.

It is true is that the gap between production capacity and demand is shrinking. But this is not due to a shortage in oil in the ground. The thing is, increasing production and supplies at current levels of reserves requires investment in production capacity, storage capacity and refinery capacity. That investment has been minimal despite forecats of increasing demand. The answer why is clear. Higher prices = more profits. Lower supplies = higher prices and higher profits. They want to keep supplies tight relative to demand, thats what cartels do. It's especially effective when demand is relatively inelastic. The world is dependent on oil. There are not a lot of options for energy . Natural gas is also controlled by Big Oil, and the environmental scare mongers have eliminated the nuclear option, and Big Oil now controls uranium supplies now anyways.

The nations and consumers will pay what it needs and can afford. If they can't afford it, they have to borrow it (international bankers, and also the World bank/IMF are happy). They may use less of it, say 10% less in a recession, but if the price increases 50%, so what, Big Oil still make more money selling less. Oil is essential to grow food, No oil, no food. They have us over a barrel, no pun intended.

The Dubai Mercantile Exchange (DMEX) was set up by NYMEX on June 1, 2007, when oil was 60 dollars a barrel. Today it is at 135 dollars a barrel, as the world heads into a recession which projects to decrease demand, and people are not driving as much. Yet Moonbat says the "Wall Street Journal" predicts tighter supplies. What a reliable source. The US Government energy futures regulator, CFTC opened the way to the present unregulated and highly opaque oil futures speculation. It may just be coincidence that the present CEO of NYMEX, James Newsome, who also sits on the Dubai Exchange, is a former chairman of the US CFTC."

The Big Oil Prophet Hubbert warned us of the dangers of Peak Oil 50 years ago. We are running out of oil he says. Then we had the Oil Shocks in the 70's, orchestrated by the Big Bad Oil Sheiks running OPEC, while Big Oil pumped, shipped and refined their Oil. At that time, the dollar was taking a beating since scrapping Bretton Woods. The OPEC Sheiks came to the rescue, and insisted on USD for their oil. Then we had TMI followed by Chernobyl, and our last great hope, nuclear power was taken off the table as too dangerous.

For years Oil was cheap, despite Hubberts Peak, and the Oil Shocks of the 70's, and the trashing of the nuclear power industry. In part Big Oil kept the price of Oil low for many years to eliminate competition from nuclear power and the smaller oil companies while it consolidated the industry.

Volcker killed inflation, and killed the economy, but people were happy at the pump again despite the fact their jobs were being moved to China while immigration fueled population growth. If people were to become poorer, business needed more of them to grow and consume their products, so we needed immigration to add more consumers and more debtors to pay excess usury and tax. The economony has never been better they said, with Sir Bubbles at the helm creating bubbles here, bubbles there, bubbles everywhere. The lie that is CPI told people their incomes were rising faster than inflation. All was well in Oz from the late 80's until the Dot Com bubble burst in 2000 when oil was at 20 dollars a barrel. Then comes Big Oils Buddy Bush and Co, and all of a sudden, we are running out of Oil.

In this world of ours, where the neoliberal economics of the Chicago Boys say what's good business is good for the people, Big Business says it has no Plan B for Oil. Nobody seems to have any ideas what to do as a solution except use the oil that's running out to grow corn and convert the corn to ethanol. That must be good for business (Big Agri-business), and the people, not so much. The only solution they say is less people, less consumption, lower standards of living.

We all know the Pentagon runs their military machine on oil, and is in fact the single biggest consumer in the US, and consumes more oil than a number of countries. And in this day of War and National Security hysteria, we will leave the solution to business and the markets despite the obvious national security ramifications of being without oil.

In WW II, confronted with the possibilty that Hitler would develop the bomb before we did, we undertook a Manhattan Project, and threw all of our available resources into beating them to the punch. Yet today, we are told we are in a long War with Terrorists and the oil is running out, yet we have no Plan B or Manhattan Project. No Capitalists taking advantage of the great opportunity a new fuel source would bring (spare me the solar and wind options, both need backups dependent on Oil). No Governments getting together and pooling resources and working together with the energy giants and scientists to find an alternative to a resource that not only gets you to work but which every company relies on and which is essential to feed our world, including our military machine, despite it's imminent depletion?

Maybe they are dumb. Maybe they know oil is not running out. Maybe they already have an alternative and are holding off, just using oil as a weapon. Maybe the solution they have is killing 5-6 billion of us. Who knows. If you believe the first choice, go back to sleep.

Thomas Gold had his theory on oil which he developed in 1977. Russia also believed this theory to their benefit, and found oil in areas not supposed to have oil by drigging much deeper than Big Oil drills. Thomas Gold, was a respected scientist that even NASA listened to, and he wrote a book in 1998 called the Deep Hot Biosphere outlining his theory that oil are not fossil fuels in limited supply as Big Oil would have you believe, but upwellings from the deep hot biosphere where organisms that dwell below and feed on methane, using oxygen and sulfur bound in porous rocks to metabolize the carbon in the methane. They are brought to the surface with the oil. Their presence in oil led us to believe oil must have come from life that has decayed on the surface and then subsided. If he was still alive, passing on in 2004, he would have a lot to say about todays Peak Oil hoax.

From Professor Vladilen A. Krayushkin, Chairman of the Department of Petroleum Exploration, Institute of Geological Sciences, Ukrainian Academy of Sciences

"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 abyssal, 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."

Consider the Bakken Formation

http://www.nd.gov/ndic/ic-press/bakken-form-06.pdf

Dr. Leigh Price who worked for the USGS had sent out a paper for peer review in 1999, estimating the oil in Bakken, which runs from ND to Montana into SE Saskatchewan , had as much as 200-400 billion barrels of oil, based on a 50% recovery rate. He died in 2000 while exercising before the peer review was completed, so his paper went unpublished, but was seen by some of his peers who were reviewing it. Requests from USGS to release it are denied, since they argue it did not complete the peer review process, and this is againat policy to release unpublished studies, even though we the taxpayer paid for the study. They have just last month estimated the Bakken Formation as having only 3.5 billion of recoverable oil. This is 1/2 year consumption, as opposed to 40 years if Leigh Price was correct.

I don't really want to believe in conspiracies, but unlike Thomas Golds demise, he was in his 50's, and from all accounts, in great shape, and the price of oil has increased from 20 to 140 dollars a barrel since his death. Maybe coincidence.

Little Oil would be all over Bakken. But Little Oil is dead as a dinosaur, killed by the low oil prices of the late 80's and 90's.

The NWO and the Malthusian elite want you to accept a lower standard of living that reduction in petroleum usage would require, and would require depopulation in the developing world, setting the stage for One World Government.

We are a nation of consenters, and by accepting the Malthusian Moonbats of the world proganda, so you consent.

lwhunt330 opined, "Only we are stupid for electing oil men to the Oval Office..."

You should always use quotation marks around the word "electing" when referring to how the Bush administration gained office.

We've been incredibly wasteful ! We waste water, electricity, gas, food, and other resources. We pollute the air, water, and ground. We consume and throw away as if there is a never ending supply and a bottomless trash bin ... and as if our children and our childrens' children will suffer no ill effect from our gluttony.

I don't even think it's right to ask the Saudis or the oil execs to drop prices or otherwise reduce their profits, because the real problem is not them, the problem is us ! If they succumb to our wishes we'll just run out all the sooner. It's like we need to be shocked into conservation.

I wish that stores would charge $5 for each plastic bag, maybe then that would encourage people to bring their own bags.

Braithwa842- The Canadian tar Sands are even worse. Semi-liquid bituminous hydrocarbons. But the oil companies and the Canadian government are doing their damnedest to get the crap out of the ground, and poisoning all the fresh water for hundreds of miles around, and causing cancer rates to shoot up 400 times. NO. That is not a misquote of 400%. FOUR HUNDRED TIMES!

And the oil companies have been extracting the heavier crude for some time now. It's about all that is left in the major oil fields. ANd the new 'major finds' are all in the worst possible places to drill (the Arctic, VERY deep water, or regions of drastic political instability), and usually have reserves that are almost comically overestimated and are little more than unconnected pockets that require multiple boreholes, with each one costing millions of dollars.

This doesn't even touch on the FACT that OPEC nations have been padding their reserve data for 30 years to justify pumping greater amounts of oil for greater profit. For example Saudi Arabia has reported the EXACT SAME reserve amount for 30 years. It NEVER varies. Not by a barrel. And their production, while pumping at full capacity has fallen from a record high of 17 million bbl/day in the 80's to the current 12 million bbl/day.

Add to that the FACT that no new refineries or refinery capacity has been added in thirty years, and you are looking at the oil industry doing the stereotypical 'Wizard of Oz' bit. Ignore the man behind the curtain.

The oil companies, and hence ALL oil dependent governments have known the truth since 1971, when US oil production peaked within the window M. King Hubbart predicted. The oil companies, the MIC and industries dependent on oil and the national governments have been lying to the worlds population ever since.

My current understanding is that only light sweet crude has peaked.

Most of the world's refineries can only process this stuff. Light sweet crude is the stuff that occurs in only some oil fields and is what gets extracted first. It easy to extract, and then you are left with the heavy crude.

The heavy stuff has not yet peaked, but we dont have sufficient refining ability for that, and hence, that is the reason for the increasing oil prices. I imagine that as a heavy oil refining capacity is developed of a period of 1 - 3 years, the price of petrol will drop again, or rise at a slower rate.

Har Davids May 27th, 2008 4:51 pm

Your last item is something that I have been bringing up for a long time and I believe that most thinking people around the world understand it too. If we don't start doing something about it very soon then mother nature will do it for us without regard to the pain and suffering that it will entail. Moreover, the industrialized countries are probably the worst prepared for such a catastrophe.

Whatever the price of oil, it'll we be gone one day, so maybe it's better for the world and future generations if we assume it's happening right now and start making provisions for the changes we'll have to go through. We might even give over-population a thought or two and wonder if that's not a problem, too, that has to be solved.

Iwhunt- You cant sell what you don't have.

The massive Saudi Ghawar field has had sea water pumped into it for years to keep production where it is.

And all OPEC members except Dubai have fudged their reserve data for 30 years so they could pump more oil to maximize profit. So we may already be well past the tipping point of Peak Oil.

Why should the Saudis sell more oil now. If they wait another month, they can sell it for 10% more. They certainly aren't stupid. Only we are stupid for electing oil men to the Oval Office; especially ones who like kneeling and kissing the King's ring and ass.

Am I wrong in assuming that the US destabilization of the MidEast has been a big factor in the cost of oil? And we are on schedule for more of the same.

Just as the US Government is ignoring the role the US Federal Reserve is playing in enabling higher oil prices, the Bank of England is saying that speculation is not a factor.

US and British monetary policy enabled the housing bubble and continue to exacerbate the resulting financial crisis, and continue to exacerbate the increasing cost of oil.

US Senators' recent theatrics "grilling" oil company executives deflected attention from the fact that monetary policy is the main culprit driving oil prices higher.

I don't think we know that oil production has peaked yet. But for out of control oil prices, it does not have to have peaked; it merely has to fall short of demand.

www.StudentsForTheEarth.org

World oil production has peaked.

The Saudi's themselves have said that world demand has exceeded world supply.

I urge you to read up on the work of M. King Hubbart, the father of Peak Oil theory.

Except it is no longer a theory.

ALL of the oil companies quietly admit that Hubbart was right.

Oil is at the heart of the present invasion and occupation of Iraq, and the incipient bombing campaign that is about to start against Iran. Acknowledgment that Peak Oil was real was the seed that led to the so-called 'terrorist' attacks of 9/11. Read Michael Rupperts 'Crossing the Rubicon'. He connects the dots to show the picture the vast majority of the US population refuse to look at.