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Is peak oil a myth?There are lots of people who say so.The price of oil has crashed more than 50% in the last couple of years and we appear to be swimming in the stuff right now.

I was looking for an article about a guy who had a car that did 250mpg in the 50s or 60s.It was a vapour engine loke the one in this article

http://fuel-efficient-vehicles.org/energy-news/?page_id=968

I've not found it yet but I'll keep digging

Anyway shell bought the patents and the guy who invented it was found slumped at the wheel in the desert.I'm no expert but is the push for renewables lowering demand?Are electric cars really going to replace internal combustion engines?Are we living in the future.Theres a good documentary called collapse that i will link too which is worth an hour of anyones time.You can say its the ramblings of a paranoid but I think the guy genuinely believes what hes saying. 

 

The guy is dead now apparently suicide.However in the film The Big Short about the housing bubble brad pit quotes Michael Rupert word for word in one of the scenes where he talks about storing seeds and prepping which kind of made me think.Anyway I really enjoyed the film and think you will too.

This is the car shell used to get over 300mpg!!!

 

Edited by SpacedMarine

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Oil is a finite resource so logically, peak oil is an inevitability. My opinion from discussion new and old was to agree with the consensus that conventional oil discoveries peaked long ago and production from conventional sources is on the decline. Oil is an excellent example of 'high prices are the cure to high prices', in that non conventional supplies from shale have flooded supply and saved us all :P

Shale wells do not last long in comparison to conventional fields, but there are vast reserves around the world that are available, so 'peak oil' from total production still technically could be a long way off. Politically shale is very undesirable so the reality may be that peak production of oil may not be far away. The untapped reserves may stay that way for a long time, at least until prices rise to the point that the balance is tipped again towards increasing production. I am betting on it.  

While I was away last year I remember reading about a news article regarding the largest conventional oil discovery in 30 years, found in Alaska. It was very exciting, references low oil prices due to over supply, and gave the figure or 1.2 billion barrels of oil estimated, which all sounded impressive. Considering that the world consumes tens of billions of barrels every year, this discovery when put in perspective, equated to 12 days worth of global consumption. And this was the biggest discovery in 30 years. 

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Well in uk we have up to 2040 then all cars that take diesel and petrol will be banned, So there is some truth in it as all cars soon will be electric in one way or another cos demand around

world will be to much for oil. China use to be 70% peddle bikes 30 to 40 years ago and now its all cars and moped or motor bikes. Also reserves worn last long once bigger country's

start to take there share from it and then the metal exchange with gold or silver will start all over once things start drying up.  

 

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40 minutes ago, KDave said:

Oil is a finite resource so logically, peak oil is an inevitability. My opinion from discussion new and old was to agree with the consensus that conventional oil discoveries peaked long ago and production from conventional sources is on the decline. Oil is an excellent example of 'high prices are the cure to high prices', in that non conventional supplies from shale have flooded supply and saved us all :P

Shale wells do not last long in comparison to conventional fields, but there are vast reserves around the world that are available, so 'peak oil' from total production still technically could be a long way off. Politically shale is very undesirable so the reality may be that peak production of oil may not be far away. The untapped reserves may stay that way for a long time, at least until prices rise to the point that the balance is tipped again towards increasing production. I am betting on it.  

While I was away last year I remember reading about a news article regarding the largest conventional oil discovery in 30 years, found in Alaska. It was very exciting, references low oil prices due to over supply, and gave the figure or 1.2 billion barrels of oil estimated, which all sounded impressive. Considering that the world consumes tens of billions of barrels every year, this discovery when put in perspective, equated to 12 days worth of global consumption. And this was the biggest discovery in 30 years. 

The problem is you need a pipeline across soggy tundra to get it anywhere.Where theres a will theres a way i guess.

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2 minutes ago, SpacedMarine said:

Is that a metaphor?

 

5 minutes ago, SpacedMarine said:

Is that a metaphor?

Sort of. it was a reference to the video about how collective thinking can benefit everyone when it's in everyone's best interest, without really thinking about it.

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1 minute ago, Xander said:

 

Sort of. it was a reference to the video about how collective thinking can benefit everyone when it's in everyone's best interest, without really thinking about it.

Its interesting how things have panned out just in the last 8 years since it was recorded.It does seem like stuff is accelerating towards some kind of event if not a collapse of our current society.Forewarned is forearmed i guess.

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16 minutes ago, SpacedMarine said:

Its interesting how things have panned out just in the last 8 years since it was recorded.It does seem like stuff is accelerating towards some kind of event if not a collapse of our current society.Forewarned is forearmed i guess.

I suppose Global economy = Global responsibility, Something we haven't yet mastered.

Edited by Xander

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Peak oil is not a myth as all resources are finite but when it was touted as something that was instantly upon us that was not strictly true.  The oil industry is going to change drastically in the next decade as apparently Saudi Arabia are currently pumping more water than oil and Russia have just done a deal to take Venezualan oil despite them being the largest oil producing country and not really needing it, perhaps they have an eye on replacing the Petrodollar in the near future.

Saudi have realised too late they need to diversify their economy and become less relient on oil and China want to do a deal to buy Saudi Aramco but they want to see the books first and it looks like the Saudis have been overstating their oil supplies for a good while and they don't want to make it common knowledge so this is holding back proceedings.

 

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51 minutes ago, sixgun said:

Peak oil is a myth.

Britain used to be an oil exporting country. Britain reached its peak oil in 2000.

New technologies have delayed the worldwide peak oil possibly but will not prevent it. One fact that should be considered is that it gets considerably harder to extract oil past the peak – production costs increase while productivity decreases. 

And Rockefeller didn't fix the oil price by pretending scarcity but by creating a desirable product called "standard oil", an oil that was safer than previous unstandardised oils that could be highly flammable. 

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Perhaps I should add that Britain also reached its peak gas. 

We have seen many conflicts which seem to be related to controlling oil supplies (disposing of "dictators" in favour of failing nations with foreign control on oil production) and by logic Venezuela would be next on the list. New conflicts are also arising now around gas supplies where pipelines need to be run through countries with governments unfavourable to the (western) cause like Syria and Ukraine. The latter has even repercussions in Europe where alternative gas pipelines like South Stream and Nord Stream 2 had to be abandoned or are to be abandoned under US pressure. 

 

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Oil is not a fossil fuel. It cannot be a fossil fuel simply by virtue of the depth it is found at.

The fossil fuel theory would have you believe ancient forests decomposed and that sediments were laid on top of them and over time the sediments built up. That under pressure and high temperatures the remains of the ancient forests 'cooked' to produce the oil and gas we find today. There is a problem. Why are so many oil fields so deep underground? How did miles of sediments build up ontop of these ancient forests which once were on the surface? 

If you Google 'deepest oil well' you get back "In September 2009, the rig drilled the deepest oil well in history at a vertical depth of 35,050 ft (10,683 m)....". That oil is over 10 kilometers below the surface. Some argue that all the sedimentary theories are nonsense but if we stick with the idea that sediments are laid down, how did over 10km of sediments get laid on top of an ancient forest? It didn't b/c it couldn't. 

The fossil fuel theory cannot be correct simply for this reason. Not only is it incorrect it is a big fat lie. The controlled media will tell you about fossil fuel theory, the government will talk about fossil fuels in their publications - https://www.gov.uk/government/publications/fossil-fuel-price-assumptions-2016 

Is the government with all the knowledge and resources available to them full of idiots [yes - in part] or are they spinning a lie and bought and paid for [yes - in part].

We have been running out of oil for decades. No doubt much of it is mixed up in the Global Warming lie. There has been no global warming since 1998. No global warming since 1998 and yet all the world's governments are signing agreements to take action, spend $trillions, destroy the likes of British industry, ruin the prospects of generations on the basis of something that hasn't been happening for almost 20 years. It is a massive scam and well worth looking at instead of believing a single word the crooks in government are paid to spout.

Rockefeller fixed the price by creating a monopoly.  By 1890 Standard Oil controlled 88% of the refined oil flows in the United States. How he justified the price he sold his oil products for is part about creating the idea of scarcity. 

Almost everything people are taught is a lie. Amazing but true.

Edited by sixgun

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Opec was formed under the American military umbrella, they stated that in order for them to protect oil producing countries those countries must trade oil in dollars and also pay America for its military protection. This is the reasons we see so much destabilisation in the middle eastern countries, if oil runs dry America becomes a much poorer nation than it already is.

Gadaffi wanted to trade oil in gold Dinar, see what happened to him, America and the Saudis wanted a pipeline going through Syria to cut off the Russians supply of money, now see whats happening there, America want to control the oil industry, they overthrow governments, create wars under other pretences, throw some money at so called freedom fighters and you have your uprisings, lets watch and see what happens in Venezuela shortly.......

There are other forces behind the America government, its the money men who are in control of America and the Presidents are merely puppets for them

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27 minutes ago, shortstack68 said:

Opec was formed under the American military umbrella, they stated that in order for them to protect oil producing countries those countries must trade oil in dollars and also pay America for its military protection. This is the reasons we see so much destabilisation in the middle eastern countries, if oil runs dry America becomes a much poorer nation than it already is.

Gadaffi wanted to trade oil in gold Dinar, see what happened to him, America and the Saudis wanted a pipeline going through Syria to cut off the Russians supply of money, now see whats happening there, America want to control the oil industry, they overthrow governments, create wars under other pretences, throw some money at so called freedom fighters and you have your uprisings, lets watch and see what happens in Venezuela shortly.......

There are other forces behind the America government, its the money men who are in control of America and the Presidents are merely puppets for them

Nixon ended the convertibility of the USD for gold, proof the dollar was dying. The US had been creating out of thin air $billions to fund the nonsensical Vietnam war, it was breaking its promise not to make too many dollars. The US with its puppets in the Gulf created the phony 'Oil Crisis' with fuel shortages and a big jump in prices. It was 'agreed' oil would be traded in USD. If you don't agree and try to sell your oil in other than dollars we will find weapons of mass destruction [Iraq selling oil in Euros] or claim you are murdering your people and bugger you with a knife [Gaddafi attempting to create a pan African gold Dinar]. The Petrodollar is born. Controlling the production of oil to ensure oil is sold for USD is vital to the US corporation.

This has moved away from the fossil fuel myth and peak oil. If the very basis of what oil is and how it comes into being is false, how can it be said we have reached peak oil? What if it were continuously being created? http://www.nytimes.com/1995/09/26/science/geochemist-says-oil-fieldsmay-be-refilled-naturally.html?pagewanted=all

In 1977 Jimmy Carter told Americans oil was running out. That was 40 years ago. Still hasn't run out. 

http://www.telegraph.co.uk/news/earth/energy/oil/9867659/Why-the-world-isnt-running-out-of-oil.html

We are told so many lies it is hard to keep it. 

Edited by sixgun

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5 minutes ago, sixgun said:

Nixon ended the convertibility of the USD for gold, proof the dollar was dying. The US had been creating out of thin air $billions to fund the nonsensical Vietnam war, it was breaking its promise not to make too many dollars. The US with its puppets in the Gulf created the phony 'Oil Crisis' with fuel shortages and a big jump in prices. It was 'agreed' oil would be traded in USD. If you don't agree and try to sell your oil in other than dollars we will find weapons of mass destruction [Iraq selling oil in Euros] or claim you are murdering your people and bugger you with a knife [Gaddafi attempting to create a pan African gold Dinar]. The Petrodollar is born. Controlling the production of oil to ensure oil is sold for USD is vital to the US corporation.

This has moved away from the fossil fuel myth and peak oil. If the very basis of what oil is and how it comes into being is false, how can it be said we have reached peak oil? What if it were continuously being created? http://www.nytimes.com/1995/09/26/science/geochemist-says-oil-fieldsmay-be-refilled-naturally.html?pagewanted=all

In 1977 Jimmy Carter told Americans oil was running out. That was 40 years ago. Still hasn't run out. 

http://www.telegraph.co.uk/news/earth/energy/oil/9867659/Why-the-world-isnt-running-out-of-oil.html

We are told so many lies it is hard to keep it. 

The whole thing is like the movie with Jim Carey, The Trueman show, everything America tells us is a myth, only a certain amount of Americans are gullible enough to buy it because they feel America is the land of hope blah blah blah.......Controlled is the word and so many of them buy it, one day they will waken up and realise they have been and are being continually lied too

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9 minutes ago, sixgun said:

This has moved away from the fossil fuel myth and peak oil. If the very basis of what oil is and how it comes into being is false, how can it be said we have reached peak oil? What it were continuously being created? http://www.nytimes.com/1995/09/26/science/geochemist-says-oil-fieldsmay-be-refilled-naturally.html?pagewanted=all

In 1977 Jimmy Carter told Americans oil was running out. That was 40 years ago. Still hasn't run out. 

Your own article you are citing states that the replenishment of oil wells has the chemical signature of much older fossil fuels. So there are undiscovered oil wells but in a finite system there cannot be infinite resources. Same rules for oil, gas, gold, silver. 

The US reached their peak oil in the 1970s. Oil production has since declined! Aramco had to make good for the shortage in production. The discovery of shale gas has been able to turn the US into a net exporter again, otherwise they would be very dependent on oiI imports by now. 

bp-statistical-review-of-world-energy-20

Look at the numbers of the pie charts on page 9. The oil reserves of the US and Middle East are depleting. 

There are new discoveries in South America, Asia Pacific and Africa. With increasing oil prices it can become viable to tap deeper wells. But that doesn't change the fact that there is only so much energy stored in biological matter on this planet.

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1 hour ago, sixgun said:

If you Google 'deepest oil well' you get back "In September 2009, the rig drilled the deepest oil well in history at a vertical depth of 35,050 ft (10,683 m)....". That oil is over 10 kilometers below the surface. Some argue that all the sedimentary theories are nonsense but if we stick with the idea that sediments are laid down, how did over 10km of sediments get laid on top of an ancient forest? It didn't b/c it couldn't. 

The fossil fuel theory cannot be correct simply for this reason. Not only is it incorrect it is a big fat lie.

 

36 minutes ago, sixgun said:

This has moved away from the fossil fuel myth and peak oil. If the very basis of what oil is and how it comes into being is false, how can it be said we have reached peak oil? What if it were continuously being createdhttp://www.nytimes.com/1995/09/26/science/geochemist-says-oil-fieldsmay-be-refilled-naturally.html?pagewanted=all

Where in that reference you present does it say that oil is being created? It merely postulates that deep lying oil is moving upwards to fill the void created by oilfield extraction. A perfectly logical process if you think about it.

Why do you have a problem with deep-lying sediment and oil formation? The earth's crust is continually moving up and down as well as laterally over millions of years. It is well documented that current high ground was once at the very bottom of deep oceans and vice versa.

There is no known theoretical way that oil could have been produced in the earth's crust other than from biological debris. Unless you're a creationist that is.

You really need to look at evidence and examine it critically before coming up with such wild statements that simply fit in with your conspiracy theories.

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This is a theory about how oil fields could be refilling. Presented with the reality that oil fields are refilling [and so putting a big question mark over 'peak oil'] there is a need for an explanation. I randomly plucked this article out to highlight the fact oil fields refill. That was the extent of it. How and why they refill is something else. The writer is locked into the idea that oil is a fossil fuel so calls it a fossil fuel and brings with that all the necessary explanations on how things work.

That sediments are laid on top of sediments and so the deeper something is in the Earth the older it must be. That oil is the product of ancient forests cover by sediments that cook under pressure and temperature to create oil. That if an oil field is refilling it must be from a deeper and so older oil field. What is this chemical signature? Are they carbon dating something they claim is 100's of million years old? It is a theory. No they are not. Who is to say one lot of oil is older or younger? It is all based on how deep in the Earth something is and the theory is the deeper it is the older it must be. It is guesses based on wrong guesses.

Oil fields that are many miles beneath the surface cannot be decayed ancient forests. It is an elephant in the room. How did a forest that was once on the surface get to be say 10 miles down? It makes no sense. It is just stupid but they have to come up with these explanations if they maintain oil is a fossil fuel. They have to create theories to support bankrupt nonsense theories. This is how so much goes on. It is cognitive dissonance in action. How did an ancient shallow sea bed get 10 miles or more underground? it couldn't so it didn't.

What if oil were not a fossil fuel. What if the process by which oil is created happened deep in the Earth and the oil works its way up to the surface and in some places it is easier to reach? What if the process is continuous. What if in for practical purposes oil is infinite. Bang goes peak oil.   

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"

23 minutes ago, sovereignsteve said:

There is no known theoretical way that oil could have been produced in the earth's crust other than from biological debris. Unless you're a creationist that is.

You really need to look at evidence and examine it critically before coming up with such wild statements that simply fit in with your conspiracy theories.

i think you mean you do not know of a theoretical way that oil could be produced other than from biological debris.

http://www.csun.edu/~vcgeo005/Energy.html

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2 minutes ago, sixgun said:

Oil fields that are many miles beneath the surface cannot be decayed ancient forests  

I think that's where your misconception lies. Coal is decayed forests, oil is decayed marine matter. 

4 minutes ago, sixgun said:

What if oil were not a fossil fuel. What if the process by which oil is created happened deep in the Earth and the oil works its way up to the surface and in some places it is easier to reach? What if the process is continuous. What if in for practical purposes oil is infinite.

A way this could happen was if oil was decaying microorganisms relying on the earths core as energy source.

But the definition of peak oil is that a maximum (peak) in recovery has reached and at current prices and with current technology many areas (not the world) have already reached their peak oil – like it or not. 

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16 minutes ago, augur said:

I think that's where your misconception lies. Coal is decayed forests, oil is decayed marine matter. 

i do not have a conception oil is decayed anything - forest or marine. What is the evidence oil is decayed living matter? Do you find 'fossil' marine matter in the oil? In the video i posted, it was pointed out a fossil has never been found in oil. One might say well the organisms that went into the creation of the oil leave no trace and as it is cooked deep in the Earth how could you expect there to be any remnants? So there are no remnants of previous marine organisms but despite that oil irrefutably was formed from previous marine organisms. There are those who will fight to the death to defend an idea based on nothing but something a man in a suit on the telly read off a telepromter. 

The article going into the Russia work on the origins of oil is based on extensive work. http://www.csun.edu/~vcgeo005/Energy.html

It is just you will never hear about this from the Western education system or the controlled media. 

Edited by sixgun

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22 minutes ago, sixgun said:

This is a theory about how oil fields could be refilling. Yes it is but you said previously it was evidence of oil being created.

Presented with the reality that oil fields are refilling [and so putting a big question mark over 'peak oil']  Why? If they are refilling from a finite source, it will still run out eventually, therefore there will be "peak oil", which is an irrelevant term really.

there is a need for an explanation. I randomly plucked this article out to highlight the fact oil fields refill. That was the extent of it. How and why they refill is something else. The writer is locked into the idea that oil is a fossil fuel so calls it a fossil fuel and brings with that all the necessary explanations on how things work.

That sediments are laid on top of sediments and so the deeper something is in the Earth the older it must be. That oil is the product of ancient forests cover by sediments that cook under pressure and temperature to create oil. That if an oil field is refilling it must be from a deeper and so older oil field. What is this chemical signature? Are they carbon dating something they claim is 100's of million years old? It is a theory. No they are not. Who is to say one lot of oil is older or younger? It is all based on how deep in the Earth something is and the theory is the deeper it is the older it must be. It is guesses based on wrong guesses. It does talk about different chemical signatures which in my mind adds support to it being formed from biological matter, which will vary in composition according to location and time.

Oil fields that are many miles beneath the surface cannot be decayed ancient forests.It is an elephant in the room. How did a forest that was once on the surface get to be say 10 miles down? It makes no sense. It is just stupid but they have to come up with these explanations if they maintain oil is a fossil fuel. They have to create theories to support bankrupt nonsense theories. This is how so much goes on. It is cognitive dissonance in action. How did an ancient shallow sea bed get 10 miles or more underground? it couldn't so it didn't. Again, just because something is incredulous in your mind does not make it incorrect.

What if oil were not a fossil fuel. What if the process by which oil is created happened deep in the Earth and the oil works its way up to the surface and in some places it is easier to reach? What if the process is continuous. What if in for practical purposes oil is infinite. Bang goes peak oil.   Indeed wouldn't it be wonderful!

 

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