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water man
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paul wright
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 Posted: Thu May 29, 2008 10:50 pm Post subject: |
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It's very simple in the UK at the moment isn't it?
If you drive a car, want cheap holidays, or even if you do neither, you are f*cked. The price of everything is going up as a result. The Saudi Arabian royal scum won't open up their pumps and can gleefully cash in to the detriment of everyone. This is just atrocious profiteering at everyones expense designed by the Bilderbergers who want the price to rise to $200 per barrel. A total contrivance
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karlos
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| Posted: Fri May 30, 2008 7:23 am Post subject: |
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Everyone is raising production including Britain.
But there is no shortage of oil simply dollar inflation and at this rate there will be an oil glut. The US is probably looking to stockpile oil ahead of an invasion of Iran.
Most of our fuel costs are tax. I dont see any reason for airlines to have subsidised aviation fuel when the public and companies have to pay extra.
It is not correct that a domestic flight costs far less than a train journey. Our entire taxation policy is wrong.
I dont agree with cheap flights at all. Why should i have to pay more every week on my car, my food bill my domestic utilities etc just so that airline booses who are tax exiles make more profits?
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karlos
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| Posted: Fri May 30, 2008 7:27 am Post subject: |
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| Cromwell wrote: | | karlos wrote: | A US gallon of fuel costs about $4 at the moment
which is $1.05 a European Litre
A UK gallon of fuel costs about £5.68 at the moment
which is $2.47 a European Litre.
There is no logical reason why the US consumer is being subsidised to this extent. Or conversely why the UK consumer is being punished to this extent.
Labour are robbing us blind. |
The US consumer is not being subsidised but merely taxed less.
US 26% tax element per litre
UK 55% tax element per litre. |
But it really aint fair.
Why is the US motorist or haulier more important than the UK motorist or haulier?
We are being ripped off end of story.
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Newspeak International
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| Posted: Sat May 31, 2008 8:42 am Post subject: |
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| water man wrote: | | Lindsey Williams talks about his first hand knowledge of Alaskan oil reserves larger than any on earth. And he talks about how the oil companies and U.S. government won't send it through the pipeline for U.S. citizens to use. free 'The New American' magazine download-the NAU issue: |
On the same premise,this is an interesting read:
http://educate-yourself.org/cn/mcgowanpeakoilandclubofrome14mar05.shtm l
| Quote: |
1. For those young enough to have to catch up with the villany of your ancestors, if you want to understand it, the Club of Rome connection shows that ideological "peak oil lie" talk and material "kill everybody off" talk were blended together from the very start--like strands of DNA inseparable and required for each other to replicate the lie meme. This has been an interlinked helix of ideological/material ideas espoused from the same high level group for at least 30 years--despite of course knowing that their own foundational meme about "depleting oil" was a lie. A propaganda campaign. If they knew that, and still propagaged the lie, then the connected policy recommendation they had--mass depopulationism--was the real goal looking for some means to cast the blame for their actions elsewhere and leave the very active guilty looking blameless. Team "Peak Oil" is the selling tool. The following information shows that depopulatist agenda setters--read that as eugenicists and biowarfare people--have decided upon selling the lie of "peak oil" from the very beginning of their strategy of depopulationism/eugenics/biowarfare vectors in the 1970s.
2. McGowan and others make the interesting point that the whole framework of "gas depletion allowances" which give the oil companies millions of dollars in tax write-offs, are thus a lie as well. These should be revoked since oil is abiotic and renewable. These 'depletion allowances' (sic) should disappear in a puff of legal logic. Of course the oil corporation elites of Bush/Cheney are going to keep selling you their "peak oil" scam: its built into the U.S. tax perk structure for several generations of amassed profits. Make that amassed stolen profits, because they have been based on lies.]
3. McGowan writes: "Oh yes, before I forget, I need to, regrettably, hand out a couple of Hall of Shame Awards. The first goes to the Centre for Research on Globalisation, for posting, among other things, a repellent piece by F. William Engdahl entitled "Iraq and the Problem of Peak Oil." The second goes to Online Journal, for posting too many 'Peak Oil'-themed pieces to list here (including a number of articles penned by Larry Chin, who doesn't seem to be able to write on any subject without tying it in to 'Peak Oil'). Both of these websites were, at one time, among the best at providing alternative news and commentary. Both are now pitching 'Peak Oil' without offering any hint that there is another side to the debate. And that, I'm afraid, is absolutely shameful."
4. While the BBC has been busily pitching the 'Peak Oil' scare, The Scotsman has been rather skeptical of the scam. On May 21, correspondent James Reynolds focused on a new report by Dr. Leonard Magueri in the journal Science. In the report [in peer-reviewed Science magazine, instead of unreviewed corporate propaganda preferred by Michael Ruppert], Magueri argued "the world is not running out of oil, and the reality is that there are abundant supplies for years to come." Magueri pointed out that estimates of proven reserves have been increasing since the 1940s, and, "thanks to new exploration, drilling and recovery technology, the worldwide finding and development cost per barrel of oil equivalent has dramatically declined over the last 20 years, from an average of about $21 in 1979-81 to under $6 in 1997-99. At the same time, the recovery rate from world oilfields has increased from about 22 percent in 1980 to 35 percent today."
( http://news.scotsman.com/index.cfm?id=578462004)
On June 16, The Scotsman openly ridiculed the 'Peak Oil' concept (and various other end-of-the-world scenarios that have been pitched over the years). After recounting numerous predictions of imminent demise that never came to pass, the authors conclude with this tongue-in-cheek assessment of 'Peak Oil': "But perhaps the most often repeated catastrophe predicted is the exhaustion of the world's oil reserves. As early as 1919 the head of the US geological survey forecast that the end would come in nine years....[gotta keep up the agit-prop agenda, because only lies and mass psychology support a monopoly price structure for the world's most plentiful resource to be sold artificially as the world's most finite resource.]"
( http://thescotsman.scotsman.com/international.cfm?id=683192004) |
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James C
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| Posted: Sat May 31, 2008 5:41 pm Post subject: |
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We can expect to see the oil price fall over the next few months and years as high prices cause demand decreases yet the opposite is also true as the lower prices encourage more oil use. After following such a pattern, the price of oil will only climb regardless of how much we reduce our consumption because the peak will have happened.
Peak oil is real. Get used to it and stop your moaning. Perhaps we can then get away from this me me me attitude which seems so prevalent in todays society.
As ususal, the same people call this issue a scam, yet produce absolutuley no proof that the world really is capable of delivering the 120 million barrels/day of oil required to maintain economic growth beyond 2030. Of course the world is awash with oil, we've only used half of proven reserves, but no one has mentioned that the stuff left is primarily sour oil as opposed to the light sweet crude we need. We have very few refineries in the world capable of dealing with sour oil. Talk about being short sighted. So when OPEC has difficulty raising oil output, it's becuause the light sweet stuff is all but gone and the sour stuff is harder and more expensive to deal with.
Expect full economic meltdown within 5 years, perhaps even the next year.
Cheney knew this would happen which is why 9/11 happened. The US and UK need(ed) control of Middle eastern oil. It's as simple as that. Geology has defeated us and greedy speculators will make a lot of money because of its effects in the future just as they are now but pretending that the oil price is high because of a conspiracy is pure fantasy. If you look at the figures then global oil output has been pretty much flat since May 2005. No wonder the US has filled up its SPR to the max something OPEC said would have to stop if it were to agree to a production rise. |
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kbo234
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| Posted: Sat May 31, 2008 7:06 pm Post subject: |
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| James C wrote: | We can expect to see the oil price fall over the next few months and years as high prices cause demand decreases yet the opposite is also true as the lower prices encourage more oil use. After following such a pattern, the price of oil will only climb regardless of how much we reduce our consumption because the peak will have happened.
Peak oil is real. Get used to it and stop your moaning. Perhaps we can then get away from this me me me attitude which seems so prevalent in todays society.
As ususal, the same people call this issue a scam, yet produce absolutuley no proof that the world really is capable of delivering the 120 million barrels/day of oil required to maintain economic growth beyond 2030. Of course the world is awash with oil, we've only used half of proven reserves, but no one has mentioned that the stuff left is primarily sour oil as opposed to the light sweet crude we need. We have very few refineries in the world capable of dealing with sour oil. Talk about being short sighted. So when OPEC has difficulty raising oil output, it's becuause the light sweet stuff is all but gone and the sour stuff is harder and more expensive to deal with.
Expect full economic meltdown within 5 years, perhaps even the next year.
Cheney knew this would happen which is why 9/11 happened. The US and UK need(ed) control of Middle eastern oil. It's as simple as that. Geology has defeated us and greedy speculators will make a lot of money because of its effects in the future just as they are now but pretending that the oil price is high because of a conspiracy is pure fantasy. If you look at the figures then global oil output has been pretty much flat since May 2005. No wonder the US has filled up its SPR to the max something OPEC said would have to stop if it were to agree to a production rise. |
Are you saying that Lindsey Williams' allegations about a global elite preventing the development and distribution of massive oil reserves is a bunch of lies? |
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chrisc
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| Posted: Sat May 31, 2008 9:22 pm Post subject: Speculation |
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| James C wrote: | | pretending that the oil price is high because of a conspiracy is pure fantasy |
The fundamental reason for the prices going up is peak oil, but what is also happening is that some speculators have read up sites like theoildrum.com and are speculating on peak oil having been reached:
| investors.com editorial wrote: | | "Analysts have found that investors spooked by the peak oil theory — the belief that crude production has topped out and is in decline — are partly behind the soaring oil prices." |
It's a sick system in which the rich get richer speculating that peak oil means peak food and thereby cause an increase in the rate at which millions starve to death... 
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James C
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| Posted: Sat May 31, 2008 9:27 pm Post subject: |
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| kbo234 wrote: | | James C wrote: | We can expect to see the oil price fall over the next few months and years as high prices cause demand decreases yet the opposite is also true as the lower prices encourage more oil use. After following such a pattern, the price of oil will only climb regardless of how much we reduce our consumption because the peak will have happened.
Peak oil is real. Get used to it and stop your moaning. Perhaps we can then get away from this me me me attitude which seems so prevalent in todays society.
As ususal, the same people call this issue a scam, yet produce absolutuley no proof that the world really is capable of delivering the 120 million barrels/day of oil required to maintain economic growth beyond 2030. Of course the world is awash with oil, we've only used half of proven reserves, but no one has mentioned that the stuff left is primarily sour oil as opposed to the light sweet crude we need. We have very few refineries in the world capable of dealing with sour oil. Talk about being short sighted. So when OPEC has difficulty raising oil output, it's becuause the light sweet stuff is all but gone and the sour stuff is harder and more expensive to deal with.
Expect full economic meltdown within 5 years, perhaps even the next year.
Cheney knew this would happen which is why 9/11 happened. The US and UK need(ed) control of Middle eastern oil. It's as simple as that. Geology has defeated us and greedy speculators will make a lot of money because of its effects in the future just as they are now but pretending that the oil price is high because of a conspiracy is pure fantasy. If you look at the figures then global oil output has been pretty much flat since May 2005. No wonder the US has filled up its SPR to the max something OPEC said would have to stop if it were to agree to a production rise. |
Are you saying that Lindsey Williams' allegations about a global elite preventing the development and distribution of massive oil reserves is a bunch of lies? |
Yes. |
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James C
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| Posted: Sat May 31, 2008 9:30 pm Post subject: Re: Speculation |
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| chrisc wrote: | | James C wrote: | | pretending that the oil price is high because of a conspiracy is pure fantasy |
The fundamental reason for the prices going up is peak oil, but what is also happening is that some speculators have read up sites like theoildrum.com and are speculating on peak oil having been reached:
| investors.com editorial wrote: | | "Analysts have found that investors spooked by the peak oil theory — the belief that crude production has topped out and is in decline — are partly behind the soaring oil prices." |
It's a sick system in which the rich get richer speculating that peak oil means peak food and thereby cause an increase in the rate at which millions starve to death... |
Agreed.
As I said in my post, the speculators will make a lot of money as they already are.
That said, we are pretty much at peak now. Production has only reached a higher rate once since the high of May 2005 and that was earlier this month. In the three years between, production of crude oil itself, not including gas liquids, has been flat. In the meantime, there has been three years of increasing demand for oil at 2% per year. In that same period, north sea oil and gas has been dropping at a rate of 8% per year.
Last edited by James C on Sat May 31, 2008 9:38 pm; edited 1 time in total |
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paul wright
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| Posted: Sat May 31, 2008 9:37 pm Post subject: Re: Speculation |
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[quote="chrisc"] | James C wrote: | | pretending that the oil price is high because of a conspiracy is pure fantasy |
The fundamental reason for the prices going up is peak oil, but what is also happening is that some speculators have read up sites like theoildrum.com and are speculating on peak oil having been reached:
| investors.com editorial wrote: | | "Analysts have found that investors spooked by the peak oil theory — the belief that crude production has topped out and is in decline — are partly behind the soaring oil prices." |
That's partially true Chris, but the contention is that the speculating up is based on a false contention in the first place ie the peak oil fraud. It's fraudulent because it results from the OPEC countries withholding oil supplies for the most part, which is hammering millions of extra pounds into the oil companies hands - Bonanza indeed! Nothing else has happened except this conceptual fraud, aided and abetted by the so-called "green" agents who choose to ignore massive real environmental calamities, whilst concentrating on the two basic much promoted lies - peak oil and carbon-driven climate change
Huge amounts of resistant energy is converted into agenda-supportive energy, lots of well-intentioned activity is converted to worship of the people in control by acceptance of these basic lies.
Oh calamity. Nurse, the screens!
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blackcat
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| Posted: Sat May 31, 2008 9:41 pm Post subject: |
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They've been scaremongering about running out of oil for a century now but we always seem to find more when we need it. Maybe we can find a way of getting all those hydrocarbons from Jupiter - you know - the ones formed when their dinosaurs died out. We're all going to freeze because a new ice age is coming. We're all going to boil because the planet is heating up. We're running out of water. Blah blah blah. There is enough of everything, ncluding food though millions starve. The only shortages are of humanity and intelligence.
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James C
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| Posted: Sat May 31, 2008 9:56 pm Post subject: |
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| blackcat wrote: | | They've been scaremongering about running out of oil for a century now but we always seem to find more when we need it. Maybe we can find a way of getting all those hydrocarbons from Jupiter - you know - the ones formed when their dinosaurs died out. We're all going to freeze because a new ice age is coming. We're all going to boil because the planet is heating up. We're running out of water. Blah blah blah. There is enough of everything, ncluding food though millions starve. The only shortages are of humanity and intelligence. |
We've been running out of oil since we first found the stuff thousands of years ago. The problem is not so much with oil suddenly becoming scarce but with supply versus demand and how it affects the price.
Peak oil is not about the end of oil or energy but about the end of cheap oil and cheap energy. It's really very simple and yet every critic of peak oil I've spoken to gets this wrong.
Oh, and oil didn't come from dinosaurs. Again, it shows great ignorance of the subject. |
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paul wright
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| Posted: Sat May 31, 2008 10:08 pm Post subject: |
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I notice your continual promotion. Where do you get your facts? From what you're told. I refer you to the top of this thread. Oil remains abundant. I'm quite happy with other concepts like free energy. That is beside the point. There is absolutely no reason for the current crisis other than that those in control like to create crises and rob us of whatever wealth and freedom we have
That's the whole "crunch" issue and it's coming down on us like a ton of bricks. Their lies, their nonsense - likely to murder millions as usual
Why anyone on here would seek to serve their agenda by reiteration and support, I cannot imagine
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karlos
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| Posted: Sat May 31, 2008 10:15 pm Post subject: |
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James - you didnt comment anything about the massive finds of oil recently.
Alberta Sands in Canada is estimated to have more oil than the whole of Saudi Arabia.
Brazil, Eritrea, etc
You say Peak Oil is abou the end of cheap oil, but every time the price rises more fields become economic and production rises and the price falls.
The price today includes a huge premium from futures traders and hedge funds and also a War premium.
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James C
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| Posted: Sat May 31, 2008 10:19 pm Post subject: |
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| paul wright wrote: | I notice your continual promotion. Where do you get your facts? From what you're told. I refer you to the top of this thread. Oil remains abundant. I'm quite happy with other concepts like free energy. That is beside the point. There is absolutely no reason for the current crisis other than that those in control like to create crises and rob us of whatever wealth and freedom we have
That's the whole "crunch" issue and it's coming down on us like a ton of bricks. Their lies, their nonsense - likely to murder millions as usual
Why anyone on here would seek to serve their agenda by reiteration and support, I cannot imagine |
I read books and newspapers and talk to others on a peak oil forum. I generally find it helps me to learn things and form opinions rather than make stuff up.
Oil is abundant but it isn't about reserves, it's about supply, i.e., how much you can get out of the ground to satisfy demand. Geology imposes great limits on any oil field since it prevents oil being extracted too quickly otherwise the oil field will be destroyed therefore reserves are not the issue. The peak refers to the maximum rate of extraction which will be achieved based upon existing oil fields versus news ones. Since we find 1 barrel of oil for every 3-4 we consume and global demand rises at 2-3% year on year then it's simple maths to work out that supply will inevitably lag demand.
Do you have concrete proof that it is all a pack of lies? Perhaps you'd go further than anyone else on here and prove that US oil output did not peak in 1971 or the north sea didn't peak in 1999. |
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blackcat
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| Posted: Sat May 31, 2008 10:24 pm Post subject: |
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| Quote: | | Oh, and oil didn't come from dinosaurs. Again, it shows great ignorance of the subject. |
James C - it is not ignorance it is sarcasm. Oil is supposed to be biotic ie formed from the decaying remains of life forms which existed millions of years ago. So how do hydrocarbons form on distant uninhabitable planets in our solar system?
| Quote: | | Do you have concrete proof that it is all a pack of lies? Perhaps you'd go further than anyone else on here and prove that US oil output did not peak in 1971 or the north sea didn't peak in 1999. |
I can prove coal mines exhausted their deposits of coal while simultaneously proving billions of tons of other coal deposits exist. The same can be done with oil.
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James C
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| Posted: Sat May 31, 2008 10:28 pm Post subject: |
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| blackcat wrote: | | Quote: | | Oh, and oil didn't come from dinosaurs. Again, it shows great ignorance of the subject. |
James C - it is not ignorance it is sarcasm. Oil is supposed to be biotic ie formed from the decaying remains of life forms which existed millions of years ago. So how do hydrocarbons form on distant uninhabitable planets in our solar syatem? |
Why don't you google it and learn for yourself rather than use the gap in your knowledge to promote the peak oil myth.
| blackcat wrote: |
Do you have concrete proof that it is all a pack of lies? Perhaps you'd go further than anyone else on here and prove that US oil output did not peak in 1971 or the north sea didn't peak in 1999.
I can prove coal mines exhausted their deposits of coal while simultaneously proving billions of tons of other coal deposits exist. The same can be done with oil. |
Yet again, despite reading my posts, you fail to graps that the price of oil is due to supply and not reserves. Since its 1971 peak, US oil reserves have increased and yet output is half of what it was back then. It's all so so simple and yet peak oil critics continue to get it wrong.
Last edited by James C on Sat May 31, 2008 10:33 pm; edited 3 times in total |
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chek
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| Posted: Sat May 31, 2008 10:28 pm Post subject: |
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| James C wrote: | | Oh, and oil didn't come from dinosaurs. Again, it shows great ignorance of the subject. |
Awww man - don't go letting the cat out of the bag.
'Dinosaur oil' has been one of the few light hearted moments available in this miasma of wishful thinking, delusion, double-bluff, ignorance and misinformation. 
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blackcat
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| Posted: Sat May 31, 2008 10:32 pm Post subject: |
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| Quote: | | Why don't you google it and learn for yourself rather than use the gap in your knowledge to promote the peak oil myth. |
I don't promote the Peak Oil myth. I say it is bogus and I heard it all before about thirty years ago. Oil then went down to less than $10 per barrel and the world had a glut of oil. Like it will have again.
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paul wright
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| Posted: Sat May 31, 2008 10:33 pm Post subject: |
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That's a bonkers demand, as you know James. We are working on conjecture - you and I equally. It depends how you view insider and ex-insider info. As far as I'm concerned, we are being screwed financially, emotionally and in every other way by repeated created crises. These are coming in in an exponential manner. It's very bad news to accept the media explanation. It's most likely the reverse of the real news
Peak oil is the background story to the reversal of fortune for both Bush and Brown, both pitiable creatures, and all that extends from there
We really shouldn't go along with it
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Last edited by paul wright on Sat May 31, 2008 10:34 pm; edited 1 time in total |
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blackcat
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| Posted: Sat May 31, 2008 10:34 pm Post subject: |
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| James C wrote: | | you fail to graps that the price of oil is due to supply and not reserves |
I know it is about supply. I also know that the supply is being deliberately suppressed - its like deja vu all over again.
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"The conflict between corporations and activists is that of narcolepsy versus remembrance. The corporations have money, power and influence. Our sole influence is public outrage. Extract from "Cloud Atlas (page 125) by David Mitchell. |
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James C
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| Posted: Sat May 31, 2008 10:34 pm Post subject: |
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| blackcat wrote: | | Oil then went down to less than $10 per barrel and the world had a glut of oil. |
Now you're getting it. |
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blackcat
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| Posted: Sat May 31, 2008 10:37 pm Post subject: |
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| James C wrote: | | blackcat wrote: | | Oil then went down to less than $10 per barrel and the world had a glut of oil. |
Now you're getting it. |
Ok I get it - its late Saturday night and you have been on the pop. I'll catch you when you have sobered up. 
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James C
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| Posted: Sat May 31, 2008 10:40 pm Post subject: |
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| blackcat wrote: | | James C wrote: | | blackcat wrote: | | Oil then went down to less than $10 per barrel and the world had a glut of oil. |
Now you're getting it. |
Ok I get it - its late Saturday night and you have been on the pop. I'll catch you when you have sobered up. |
I don't drink or take drugs but I understand how you might like to excuse yourself from the argument.
Look, I don't want peak oil or high energy prices to happen more than anyone. I have three young kids to support and a job in the construction industry which will likely go tits up if a recession occurs (which it looks like might happen). But, I believe in the reasons behind peak oil and feel that we must all do our part to reduce oil consumption instead of pretending it's our god given right to consume as much as we like and pollute the planet with the fumes and rubbish we make from it. |
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James C
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| Posted: Sat May 31, 2008 11:04 pm Post subject: |
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| paul wright wrote: | That's a bonkers demand, as you know James. We are working on conjecture - you and I equally. It depends how you view insider and ex-insider info. As far as I'm concerned, we are being screwed financially, emotionally and in every other way by repeated created crises. These are coming in in an exponential manner. It's very bad news to accept the media explanation. It's most likely the reverse of the real news
Peak oil is the background story to the reversal of fortune for both Bush and Brown, both pitiable creatures, and all that extends from there
We really shouldn't go along with it |
But the news is not promoting peak oil, or certainly it wasn't until the last few weeks and I've been following peak oil for 5 years. In fact, the term peak oil was missing from most reports on oil until recently and still most news channels talk about the price being due to the speculative market and Chinese demand and not because of output concerns.
When Mr Hubbert first coined the term peak oil back in the 50's and went public with his theory that the US would peak in oil supply at around 1970, he was dismissed as an odd ball and the oil companies tried to ruin him rather than have anyone suggest that the oil industry was susceptible to supply problems. It wasn't good for business and the same is true today. You will not hear Gordon Brown discuss peak oil because admitting to failure is bad for him and he will be gone come the next election. In fact, he doesn't want the problem of rising prices at all since it will destroy his career and Labour's standing before the election is even called. |
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kbo234
Validated Poster
Joined: 10 Dec 2005
Posts: 2017
Location: Croydon, Surrey
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| Posted: Sat May 31, 2008 11:04 pm Post subject: |
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| James C wrote: | | kbo234 wrote: | | James C wrote: | We can expect to see the oil price fall over the next few months and years as high prices cause demand decreases yet the opposite is also true as the lower prices encourage more oil use. After following such a pattern, the price of oil will only climb regardless of how much we reduce our consumption because the peak will have happened.
Peak oil is real. Get used to it and stop your moaning. Perhaps we can then get away from this me me me attitude which seems so prevalent in todays society.
As ususal, the same people call this issue a scam, yet produce absolutuley no proof that the world really is capable of delivering the 120 million barrels/day of oil required to maintain economic growth beyond 2030. Of course the world is awash with oil, we've only used half of proven reserves, but no one has mentioned that the stuff left is primarily sour oil as opposed to the light sweet crude we need. We have very few refineries in the world capable of dealing with sour oil. Talk about being short sighted. So when OPEC has difficulty raising oil output, it's becuause the light sweet stuff is all but gone and the sour stuff is harder and more expensive to deal with.
Expect full economic meltdown within 5 years, perhaps even the next year.
Cheney knew this would happen which is why 9/11 happened. The US and UK need(ed) control of Middle eastern oil. It's as simple as that. Geology has defeated us and greedy speculators will make a lot of money because of its effects in the future just as they are now but pretending that the oil price is high because of a conspiracy is pure fantasy. If you look at the figures then global oil output has been pretty much flat since May 2005. No wonder the US has filled up its SPR to the max something OPEC said would have to stop if it were to agree to a production rise. |
Are you saying that Lindsey Williams' allegations about a global elite preventing the development and distribution of massive oil reserves is a bunch of lies? |
Yes. |
I know this issue is very complex in some ways but I believe Williams story about Alaskan oil. His complicated and detailed tale has the ring of truth.....also he is fairly convincing as a Christian missionary doing a dangerous thing because his conscience demands it.
It would be hard to imagine someone inventing a character like this......and what would be the point? What do oligarchs gain from the existence of a man like this 'blowing the whistle' in such a dramatic fashion?
However there are other major things going on that I don't fully understand ........the dollar hegemony issue and the game-playing and leveraging between factions that is associated with it.
There might be problems related to maximum production being approached at the moment but I believe Williams, who says this is a created situation by the oligarchs who have been using (and want to continue using) oil as an instrument of political leverage and control.
If there is all this oil in Alaska, Canada, Russia, Brazil and elsewhere, then there should surely be no real reason for shortages, even if some of this oil is more difficult to extract than is usual. |
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James C
Major Poster
Joined: 26 Jan 2006
Posts: 1046
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| Posted: Sat May 31, 2008 11:17 pm Post subject: |
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| kbo234 wrote: | | James C wrote: | | kbo234 wrote: | | James C wrote: | We can expect to see the oil price fall over the next few months and years as high prices cause demand decreases yet the opposite is also true as the lower prices encourage more oil use. After following such a pattern, the price of oil will only climb regardless of how much we reduce our consumption because the peak will have happened.
Peak oil is real. Get used to it and stop your moaning. Perhaps we can then get away from this me me me attitude which seems so prevalent in todays society.
As ususal, the same people call this issue a scam, yet produce absolutuley no proof that the world really is capable of delivering the 120 million barrels/day of oil required to maintain economic growth beyond 2030. Of course the world is awash with oil, we've only used half of proven reserves, but no one has mentioned that the stuff left is primarily sour oil as opposed to the light sweet crude we need. We have very few refineries in the world capable of dealing with sour oil. Talk about being short sighted. So when OPEC has difficulty raising oil output, it's becuause the light sweet stuff is all but gone and the sour stuff is harder and more expensive to deal with.
Expect full economic meltdown within 5 years, perhaps even the next year.
Cheney knew this would happen which is why 9/11 happened. The US and UK need(ed) control of Middle eastern oil. It's as simple as that. Geology has defeated us and greedy speculators will make a lot of money because of its effects in the future just as they are now but pretending that the oil price is high because of a conspiracy is pure fantasy. If you look at the figures then global oil output has been pretty much flat since May 2005. No wonder the US has filled up its SPR to the max something OPEC said would have to stop if it were to agree to a production rise. |
Are you saying that Lindsey Williams' allegations about a global elite preventing the development and distribution of massive oil reserves is a bunch of lies? |
Yes. |
I know this issue is very complex in some ways but I believe Williams story about Alaskan oil. His complicated and detailed tale has the ring of truth.....also he is fairly convincing as a Christian missionary doing a dangerous thing because his conscience demands it.
It would be hard to imagine someone inventing a character like this......and what would be the point? What do oligarchs gain from the existence of a man like this 'blowing the whistle' in such a dramatic fashion?
However there are other major things going on that I don't fully understand ........the dollar hegemony issue and the game-playing and leveraging between factions that is associated with it.
There might be problems related to maximum production being approached at the moment but I believe Williams, who says this is a created situation by the oligarchs who have been using (and want to continue using) oil as an instrument of political leverage and control.
If there is all this oil in Alaska, Canada, Russia, Brazil and elsewhere, then there should surely be no real reason for shortages, even if some of this oil is more difficult to extract than is usual. |
Alaska is home to the largest US oil field called Prudhoe bay which has been pumping oil for 40 years. It's output peaked in 1998 and now produces half of what it did. It produced 2 million barrels per day at it's peak so even if masses of oil remains under Alaska it will be several years before it gets flowing and if an output similar to Prudhoe Bay is achieved it will help but won't stop global peak supply which when reached will see world outputs fall by 2 million barrels/day year on year.
Russia has, for the past few years, equalled Saudi Arabia in oil output after reinvigorating its oil industry following the country's collapse in the early 90's but has posted the 4th month in a row of falling output. Looks like it has peaked. I don't expect Russia would buy into a Western conspiracy if indeed peak oil is just that.
Canada has masses of oil yet it is expensive and slow to get onto the market and at best will produce a few million barrels/day for life.
Brazil has found huge finds but again, output won't happen for a few years yet since oil fields take time to be developed. Output will also be smaller than those falls in production across older oil fields globally. |
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blackcat
Validated Poster
Joined: 07 May 2006
Posts: 2376
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| Posted: Sun Jun 01, 2008 9:03 am Post subject: |
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| Quote: | | Russia has, for the past few years, equalled Saudi Arabia in oil output after reinvigorating its oil industry following the country's collapse in the early 90's but has posted the 4th month in a row of falling output. Looks like it has peaked. I don't expect Russia would buy into a Western conspiracy if indeed peak oil is just that. |
And just why did it "collapse" in the early 90s?? Nothing to do with a Western conspiracy?? Strange that after Putin kicked all the parasites out that the Russian economy, including its oil industry, boomed. Four months is far too short a period to draw any conclusion, especially as they are months coming out of a winter period, but for Peak Oil Theorists any old statistics will do.
_________________
"The conflict between corporations and activists is that of narcolepsy versus remembrance. The corporations have money, power and influence. Our sole influence is public outrage. Extract from "Cloud Atlas (page 125) by David Mitchell. |
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James C
Major Poster
Joined: 26 Jan 2006
Posts: 1046
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| Posted: Sun Jun 01, 2008 1:28 pm Post subject: |
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| blackcat wrote: | | Quote: | | Russia has, for the past few years, equalled Saudi Arabia in oil output after reinvigorating its oil industry following the country's collapse in the early 90's but has posted the 4th month in a row of falling output. Looks like it has peaked. I don't expect Russia would buy into a Western conspiracy if indeed peak oil is just that. |
And just why did it "collapse" in the early 90s?? Nothing to do with a Western conspiracy?? Strange that after Putin kicked all the parasites out that the Russian economy, including its oil industry, boomed. Four months is far too short a period to draw any conclusion, especially as they are months coming out of a winter period, but for Peak Oil Theorists any old statistics will do. |
This is the first fall in production for 9 years, since Putin came to power, and has nothing to do with winter or summer. This follows a continued rise in production from 6 million b/day in 1999 to almost 10 million b/day a few months ago and yet is still lower than the 12 million b/day it was producing before collapse.
4 months, however, isn't a long time, as you say, but appears long enough for the climate skeptics whenever they look at monthly temperatures to prove a scam. |
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