Thread: About Oil

In the weather we have tropical waves, tropical depressions and tropical storms. From some people's perspective, peak oil is still like a monster tropical wave coming off of Africa that everyone is predicting to be the biggest hurricane in history. Quite a long shot if you understand the way hurricanes form.
But many peak oil pundants understand the economics and physics and politics of the whole thing and realize that some serious fallout from peak oil is certain. These people are currently standing in an awkward place. There is an elite club of good ole boys running the United States who do not want any real discussion about peak oil and are currently able to silence the entire government on issues they do not favor. They will not address these issues;

1) Transparanecy and Validation of Reserves from world oil producers

2) Why production growth has slowed so seriously in the face of known strong demand growth as to allow prices to climb as high as they are.

3) Why a growing number of petroleum geologists claims that one half of all the oil in the world has or will have been produced soon.

4) Why the major peak oil critics all have strong links to the Administration and/or President Bush himself.

A few secret handshakes away from these facts are a small cadre of insiders in fields like economics who keep using their good names and heritage to pump the public full of free market rhetoric. But friends you must understand the free market does not care about the loss of human life unless we care. We must care enough to insist that our government do what is right, even if it appears inefficient at the moment. Peak oil is an economic catastrophe in the same manner as those described by formal Catastrophe Theory. If economies are best described by systems of stochastic differential equations then fold catastrophes are possible.

If the political hucksters are going to call us a cult I would have to say the American economy and it's current leadership is "Out on a Limb." Let's have the guts to shake things up in 2006 and 2008 and vote for people outside the Yale loop.

Notice the politics of the moment. The war on terror and the Bible somehow calls us to be involved in solving the problems of the Middle East. But a focus on alternative energy at home might actually reduce our dependence on foreign oil and our need to fight in foreign lands. Once we are cut free from dependence on foreign oil our decisions to support Israel can be based with all honesty on help for a friend and the moral balances in the matter.

The message of peak oil has to get out to everyone in the United States. If American domestic politics adopts peak oil as a platform the George Bush's of the world will have no chance of getting elected and going out conquering and to conquer. But the concepts of peak oil are eay to grasp but hard to believe, we need to recruit the hidden economists who have been so far frightened by the in crowd rhetoric and threat to their reputation. Peak oil faces an uphill battle in the current political climate, but you can make a difference even if you are not a geologist or an economist. Talk about peak oil with your friends, graps the basics and ask people if it seems reasonable. Above all else take back again the power of your vote and arm yourself with knowledge. We need an invigorated and empowered middle in American Politics again, not billionaires investing in extremist platforms at the expense of balance and wisdom.

American voter you hold the world in your hands! Insist that your candidates be peak oil aware in 2006 and in 2008. Insist upon it!

This message brought to you by the Energy and Peak Oil Council 2006 (EPOC 2006).

Peak oil is crap. Another reason to jack up the price to some new rediculous plateau. New oil is found and forming all the time. I don't buy it one bit. As much as they would LOVE to sell it to me at $300 a barrel...

Let's hope it backfires and someone makes a pennies a glass alternative because of it.

satanic monsters...

Oil and Gas brings in great revenues for this country as it has for around a hundred years. We need more domestic oil and gas production in the U.S. as well as the Gulf of Mexico. There are new fields that are being discovered here in the U.S. as we speak. The senate just passed a bill 75-25 to open up 8.3 million acres for drilling in the Gulf. This is outstanding news and it should bring in billions over the next 10 yrs. Fossil fuels will be here for eons as it has been. Name one alternative energy source that will bring in massive amounts of revenue for the U.S. that will help us spend money on things such as future defence and military programs to help avoid future threats and put thousands of people to work driving the great economy of the nation. Name me these examples that will compete with oil bringing in billions in tax revenue? Oil and gas energy is the way to go. Alternative fuels will not cut it. Ethanol will drive up the price( which is good) for it will have to be shipped across country by truck or rail to stations because there is no refinement or pipelines thru the U.S. to ship. So which is the better way? Domestic Production in the great U.S.A. instead of imported because ANWAR and the Gulf plus drilling in the south and midwest is the way to go. Where is EPOC 2006 based out of?

Oil and Gas brings in great revenues for this country

It's extorting us now!

The senate just passed a bill 75-25 to open up 8.3 million acres for drilling in the Gulf. This is outstanding news and it should bring in billions over the next 10 yrs

For the extortionists that is (Oil companies)

No it is not. You are fueling the economy.

Originally Posted by David Duke

Oil and Gas brings in great revenues for this country as it has for around a hundred years. We need more domestic oil and gas production in the U.S. as well as the Gulf of Mexico. There are new fields that are being discovered here in the U.S. as we speak. The senate just passed a bill 75-25 to open up 8.3 million acres for drilling in the Gulf. This is outstanding news and it should bring in billions over the next 10 yrs. Fossil fuels will be here for eons as it has been. Name one alternative energy source that will bring in massive amounts of revenue for the U.S. that will help us spend money on things such as future defence and military programs to help avoid future threats and put thousands of people to work driving the great economy of the nation. Name me these examples that will compete with oil bringing in billions in tax revenue? Oil and gas energy is the way to go. Alternative fuels will not cut it. Ethanol will drive up the price( which is good) for it will have to be shipped across country by truck or rail to stations because there is no refinement or pipelines thru the U.S. to ship. So which is the better way? Domestic Production in the great U.S.A. instead of imported because ANWAR and the Gulf plus drilling in the south and midwest is the way to go. Where is EPOC 2006 based out of?

I agree David the economy is dependent on oil and natural gas. But the laws of supply and demand tell us that price rises are not always good even for producers. In this market supply growth is flat and is expected to be flat despite new fields because many major fields are now in decline. When you have that situation rising prices are a sign that supply is falling short of demand and that demand will eventually be destroyed by the price rises in an unsubsidized(fair) market. What we are witnessing is a limit to growth imposed by oil supplies. Also there is not one credible scientist who believes new oil is being created at a rate that can make any difference to us now. I do find it interesting that you think PO is a conspiracy to drive up prices. Alex Jones also holds that opinion. If you care to have a broader debate on peak oil stop over at peakoil.com, there is a wide variety of opinions and links that discuss the science, politics and economics of peak oil.

SD

Originally Posted by David Duke

No it is not. You are fueling the economy.

fueling the rich who hoard it all to themselves, then they tax it right back to sweep up what little did leak out of their pockets.

Then they turn it into bombs, more weapons, and more minimum wage jobs, crappy health care etc...

Originally Posted by TheBigLebowski

fueling the rich who hoard it all to themselves, then they tax it right back to sweep up what little did leak out of their pockets.

When they get bored, they turn it into bombs, more weapons, and more minimum wage jobs, crappy health care etc...

I agree there is an elitist pseudo-conspiracy going on. I say pseudo because even though we see connections via Pacific Union Club and Bohemian Grove of many of the richest, they are not en masse detailing specifically what policies to take. Some clicks within the upper class do work together like that and possibly even subversively against those who oppose them. But in general the upper class is living above the glass ceiling and as such have similar outlooks and goals in life. They are benefitted by similar policies and their riches make their influence more than outweigh those of us like myself who live without healthcare. New job growth at the minimum wage level is not a solution and even though it is jobs growth it is poor quality.

Originally Posted by Silence Dogood

Originally Posted by David Duke

Oil and Gas brings in great revenues for this country as it has for around a hundred years. We need more domestic oil and gas production in the U.S. as well as the Gulf of Mexico. There are new fields that are being discovered here in the U.S. as we speak. The senate just passed a bill 75-25 to open up 8.3 million acres for drilling in the Gulf. This is outstanding news and it should bring in billions over the next 10 yrs. Fossil fuels will be here for eons as it has been. Name one alternative energy source that will bring in massive amounts of revenue for the U.S. that will help us spend money on things such as future defence and military programs to help avoid future threats and put thousands of people to work driving the great economy of the nation. Name me these examples that will compete with oil bringing in billions in tax revenue? Oil and gas energy is the way to go. Alternative fuels will not cut it. Ethanol will drive up the price( which is good) for it will have to be shipped across country by truck or rail to stations because there is no refinement or pipelines thru the U.S. to ship. So which is the better way? Domestic Production in the great U.S.A. instead of imported because ANWAR and the Gulf plus drilling in the south and midwest is the way to go. Where is EPOC 2006 based out of?

What we are witnessing is a limit to growth imposed by oil supplies. Also there is not one credible scientist who believes new oil is being created at a rate that can make any difference to us now.

SD

Elaborate on the limit of gtowth. I see plenty of growth for we have 7 rigs working in fields that were producers in the 40s and 80s that had to be shut in for loss of pressure and the drop of prices to alltime lows back in 86 shutting the Louisiana economy practically down and almost causing it and hundreds of people bankrupt. The econmy in the parishes are vibrant as new work is achieved thru production on wells at the head as well as new drilling. as well as the scientists go, who and which ones are you refering to? Are they geologists like myself or enviromental ones who oppose the market? As I stated above that there are new fields being discovered by new technology and old domestic fields that were shut in during the past that can be fraked and perferated by injections that will bring it to the pump easing prices. Also enviromental regulations are putting a strain on us producers that help raise prices because of new emmission standards that do not set well with our rigs and refineries.

[/quote] Elaborate on the limit of gtowth. I see plenty of growth for we have 7 rigs working in fields that were producers in the 40s and 80s that had to be shut in for loss of pressure and the drop of prices to alltime lows back in 86 shutting the Louisiana economy practically down and almost causing it and hundreds of people bankrupt. The econmy in the parishes are vibrant as new work is achieved thru production on wells at the head as well as new drilling. as well as the scientists go, who and which ones are you refering to? Are they geologists like myself or enviromental ones who oppose the market? As I stated above that there are new fields being discovered by new technology and old domestic fields that were shut in during the past that can be fraked and perferated by injections that will bring it to the pump easing prices. Also enviromental regulations are putting a strain on us producers that help raise prices because of new emmission standards that do not set well with our rigs and refineries.[/quote]

The best way to understand that is in the context of world oil production. Yes, some well that were capped back in the 40's are profitable again because of high prices, but the total amount of oil they add to supply does not offset global declines. Yeah somebody is making money and that's nothing to be ashamed of, but a couple wells in LA is not going to turn the tide against 800K bpd gone in nigeria, 400K bpd gone in Prudhoe Bay,... the list goes on. And just because price is rising it does not equate to growth because inflation could be causing (and is causing) the price of everything to go up.
The major fields that are declining right now include Canterell in Mexico and the North Sea generally. In fact the US total production, even with the opening of formerly capped wells, has been in decline sine 1971. Bush was right when we said we are addicted to oil and that our dependence on foreign oil was dangerous to our future. The part he did not include is the impacts of oil depletion expected in the next thirty years, that could have started as early as last year. Check out the webstie of Congressman Roscoe Bartlett of Maryland. He is constantly giving presentations to Congress to an empty floor, the arguments are solid but the auto and big oil lobbies don't want peak oil on the agenda. Well now there is a grass roots effort to get the message out and before long they are going to have to come clean with the American people. Full honesty may have to wait for the next election, but it is coming, the drumbeat of political change is in the air.