Gas Price Heat Maps

Message Forum - Read Message

Category: General Gas Talk > Topics	Add to favorite topics Post New Topic

Author	Topic: PEAK OIL MYTH	Topic is locked Back to Topics

Pee-Jay Champion Author New Jersey Posts:3,672 Points:1,327,470 Joined:Sep 2003	Message Posted: Apr 26, 2006 8:50:47 PM Ignore Pee-Jay Report Abuse PEAK OIL MYTH Is the world really running out of oil and natural gas, or is the oil industry running the same scam they ran in 1973 when TV stations broadcast advertisements that depicted dinosaurs lumbering through a forest as a somber voice proclaimed: "There are no more dinosaurs . . . the world is running out of oil." EIA-supplied statistics show, however, that the U.S. had 152 billion barrels of 'technically recoverable oil' (including proved reserves) in 1998, enough to last another 77 years at the current rate of production. As for natural gas, there is enough to last 71 years at the current production level. The U.S. imports 400,000 gallons of gasoline a day from other countries because the environmental movement has blocked construction of new oil refineries in the United States for almost 30 years. The U.S. had 321 refineries in 1981; the U.S. has 149 oil refineries today. Who funds the environmental movement? The oil cartel (The Four Remaining Sisters), major corporations, foundations, and government agencies. Why has the environmental movement blocked construction of new oil refineries? Because The Four Remaining Sisters don't want competition. Is the world really running out of oil and natural gas? Lindsey Williams claims the oil shortage is contrived. PEAK OIL MYTH .

Pee-Jay

Champion Author
New Jersey

Posts:3,672
Points:1,327,470
Joined:Sep 2003

Message Posted: Apr 26, 2006 8:50:47 PM

Ignore Pee-Jay Report Abuse

PEAK OIL MYTH

Is the world really running out of oil and natural gas, or is the oil industry running the same scam they ran in 1973 when TV stations broadcast advertisements that depicted dinosaurs lumbering through a forest as a somber voice proclaimed: "There are no more dinosaurs . . . the world is running out of oil."

EIA-supplied statistics show, however, that the U.S. had 152 billion barrels of 'technically recoverable oil' (including proved reserves) in 1998, enough to last another 77 years at the current rate of production. As for natural gas, there is enough to last 71 years at the current production level.

The U.S. imports 400,000 gallons of gasoline a day from other countries because the environmental movement has blocked construction of new oil refineries in the United States for almost 30 years. The U.S. had 321 refineries in 1981; the U.S. has 149 oil refineries today.

Who funds the environmental movement? The oil cartel (The Four Remaining Sisters), major corporations, foundations, and government agencies. Why has the environmental movement blocked construction of new oil refineries? Because The Four Remaining Sisters don't want competition.

Is the world really running out of oil and natural gas? Lindsey Williams claims the oil shortage is contrived.

PEAK OIL MYTH
.

REPLIES (newest first)

First Prev

Last

ahlanwasahlan Champion Author New Jersey Posts:1,219 Points:15,240 Joined:Jan 2006	Message Posted: Apr 27, 2006 12:30:18 PM Ignore ahlanwasahlan Report Abuse Care to respond to my questions, cptdenny?
Bus561 Champion Author Lexington Posts:11,497 Points:2,244,575 Joined:May 2004	Message Posted: Apr 27, 2006 10:20:42 AM Ignore Bus561 Report Abuse Oil will definitely be around for the next 100 years, beyond that I could care less, how about you?
goldseeker Champion Author West Virginia Posts:12,905 Points:1,747,365 Joined:Sep 2005	Message Posted: Apr 27, 2006 10:04:03 AM Ignore goldseeker Report Abuse Well, I was a former geologist. I can assure you we will run out of oil. Even oil company executives and oil ministers from Saudi Arabia admit that. There is no use even to argue the point. The only real argument is when? If you want to read a good comprehensive study, click on this link. Winning the Oil Endgame. You can buy the book or download it for free in a pdf file. It is quite lengthy at over 300 pages, but very thorough.
Urbanite Sophomore Author Columbus Posts:109 Points:1,390 Joined:Apr 2006	Message Posted: Apr 27, 2006 9:44:00 AM Ignore Urbanite Report Abuse Yeah...next some Senetor will claim that the tar sands will solve all of our gasoline problems.
arthur1957 Champion Author Illinois Posts:1,227 Points:27,425 Joined:Oct 2005	Message Posted: Apr 27, 2006 9:32:46 AM Ignore arthur1957 Report Abuse I heard a US Senator on the radio yesterday on Laura Ingraham or Glenn Beck, can’t remember which. Anyway, he said they have developed a new refining method, which they refine the shale from oil in Colorado underground, to what is comparable to jet fuel. It would then have to be further refined to gasoline in traditional methods, etc. They claim they can do this for $40 a barrel and make a reasonable profit. They estimate there is 500 years of current US consumption in these shale deposits!
ccrb Champion Author Indianapolis Posts:8,706 Points:1,653,400 Joined:Aug 2003	Message Posted: Apr 27, 2006 8:31:48 AM Ignore ccrb Report Abuse I as oil can be manufactured in a lab, I'd say this is mostly contrived, along with global warming, atomic winter, etc etc. I suppose it's human nature to want to create a sense of urgency. I'm not against conservation, alternative fuels and maximizing fuel economy.
t_grames Veteran Author Michigan Posts:426 Points:59,790 Joined:Aug 2005	Message Posted: Apr 27, 2006 8:18:10 AM Ignore t_grames Report Abuse we're still going to run out in 77 years...you said it. what happens when that happens? what happens during the years leading up to the 77th year?
Urbanite Sophomore Author Columbus Posts:109 Points:1,390 Joined:Apr 2006	Message Posted: Apr 27, 2006 8:17:17 AM Ignore Urbanite Report Abuse [quote]EIA-supplied statistics show, however, that the U.S. had 152 billion barrels of 'technically recoverable oil' (including proved reserves) in 1998, enough to last another 77 years at the current rate of production. As for natural gas, there is enough to last 71 years at the current production level.[/quote] Ummmmm...this is an assinine statement. 1) "technically recoverable oil" isn't the same as "economically recoverable oil". A huge amount of that oil will remain in the earth until the price of crude goes high enough (well over $100/bbl) to make it economically feasible to recover it. 2) With that inflated number of oil, we may last 77 years at 1998 levels of production. The reality of the situation is that well production falls off dramatically as it gets depleated. We've already fallen off quite a bit from 1998 levels of production and are currently importing more oil than ever. Don't expect this to change any time soon. 3) Peak Oil isn't a myth. It takes the earth billions of years to make oil naturally, so don't expect the reserve to grow. It's not a matter of "IF" we'll run out of recoverable oil, but "when".
Dan24 Champion Author Illinois Posts:9,203 Points:1,855,515 Joined:Mar 2005	Message Posted: Apr 27, 2006 8:07:01 AM Ignore Dan24 Report Abuse ??????
wachinggas Champion Author Toronto Posts:4,947 Points:1,321,855 Joined:Jan 2004	Message Posted: Apr 27, 2006 8:03:47 AM Ignore wachinggas Report Abuse it is trend, nobody can change it.
GaryG7 Champion Author New Jersey Posts:8,920 Points:1,737,625 Joined:Aug 2005	Message Posted: Apr 27, 2006 7:55:48 AM Ignore GaryG7 Report Abuse We're not making any more oil. So yes, we are running out. The real dispute is over how long it will take.
ahlanwasahlan Champion Author New Jersey Posts:1,219 Points:15,240 Joined:Jan 2006	Message Posted: Apr 27, 2006 7:52:38 AM Ignore ahlanwasahlan Report Abuse Cptdenny, what makes you so sure of the abiotic oil theory? You realize it has little testing and validity right when it comes to the real world? And that almost nobody, except for retards, believe it right? Any proof? Any real geologists to back you up? Or will you hide behind 50 year old Soviet scientists that were FORCED to write that gibberish just so Stalin wouldn't send them to the gulags? There's a pretty good science behind fossil fuels. But it seems people will believe any garbage thrown at them these days with no proof. And new oil is being produced. But it takes millions of years. If it took even just one million years to make the 2,000 gigabarrels of usable oil (past and future), then that's only about a million barrels a year (much less in actuality). A million barrels a year is pretty insignificant considering that we use 85 million PER DAY, or 30 BILLION per year. In the entire span of civilization (5,000+ years), the earth has only produced about 5 billion barrels, not enough enough for two months. So how much money have you put on abiotic? Oh, that's right, you can't because everyone that is actually going to be investing knows that abiotic is the real BS of the oil world.
arrival28 Champion Author Pennsylvania Posts:1,744 Points:457,030 Joined:Sep 2005	Message Posted: Apr 27, 2006 1:37:30 AM Ignore arrival28 Report Abuse same scam
cptdenny Champion Author Florida Posts:2,350 Points:1,333,000 Joined:Aug 2005	Message Posted: Apr 27, 2006 1:23:49 AM Ignore cptdenny Report Abuse The Peak-oil myth first reared its ugly head back in the early 1900's in order to boost oil prices up, by the oil barons of the time. This myth comes and goes every 20 to 30 years since it first came out, however its the environmentalists that's spewing this garbage now. I don't believe in the fossil oil theory, but if it was true, isn't plants, vegetation, sea life, land mammals and other living things still continuing to die every day on this planet, dus producing future fossil oil? The Abiotic oil theory is where I'll put my money on. Google it...
91Firebird Champion Author Oklahoma City Posts:4,521 Points:177,370 Joined:Sep 2005	Message Posted: Apr 26, 2006 11:20:48 PM Ignore 91Firebird Report Abuse "There are no more dinosaurs . . . the world is running out of oil." What does oil have to do with dinosaurs? That's right! Nothing. "1998, enough to last another 77 years at the current rate of production." That was 8 years ago, and old production numbers. China has been increasing demand by 10% every year. Plus India's 1 billion + people are wanting more too.....
ahlanwasahlan Champion Author New Jersey Posts:1,219 Points:15,240 Joined:Jan 2006	Message Posted: Apr 26, 2006 10:06:44 PM Ignore ahlanwasahlan Report Abuse I love this idiots. 1) Peak Oil is not about it oil and NG running out. Quit playing that dumb card. It's about reaching a peak in production, followed by a plateau and then a decrease in production for many years until finally falling to zero. 2) Technically recoverable oil does NOT mean that it will be recovered. Much of that oil is extremely heavy and by the time it is possible to recover that oil, the pressure inside the oil resevoir has dropped dramatically. This means that in order to extract the remaining oil, large amounts of energy are needed in order to pump the oil out, or to inject the field with other substances (water, CO2, N2, etc). This decreases the amount of actual oil that will be recovered, because it gets to a point at which technology can recover the oil, but the energy economics of the oil just don't make any sense to recover it. Economically recoverable oil is much less than the technical amount, generally much less than one half. 3) Peak Oil is based on PRODUCTION, not reserves. 4) Big Oil has taken out ads saying that we are NOT at Peak Oil. Now if they wanted people to believe in Peak Oil, wouldn't they admit that it was coming in a few years or that it is here now? Wouldn't they use it as an excuse for the rising prices when attacked by the people? They don't seem very good at spreading around their little 'conspiracy' when they're mocking it, now are they?