Global Oil Infrastructure

Historical insights & thoughts about the world we live in - and the social conditioning exerted upon us by past and current propaganda.
whatsgoingon
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Re: Global Oil Infrastructure

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fbenario
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Re: Global Oil Infrastructure

Unread post by fbenario »

Is any of this info relevant?
The Math Behind the 100-Year, Natural Gas Supply Debate

http://finance.yahoo.com/news/math-behi ... 55521.html
reichstag fireman
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Re: Global Oil Infrastructure

Unread post by reichstag fireman »

Sparsity whether real or contrived, generates profit. The overarching Fossil Fuel theory is not universally accepted, especially not in Russian academic circles. There is a popular alternative theory that hydrocarbons are abiotic in origin, created deep within the mantle of the earth, where there is an essentially limitless supply.

As a humble layman I find it difficult to accept that decayed organic matter ("Dino Doo") could have found its way so deep beneath the earth's crust.

From the wonkypedo site: http://en.wikipedia.org/wiki/Abiogenic_petroleum_origin
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whatsgoingon
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Re: Global Oil Infrastructure

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reichstag fireman
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Re: Global Oil Infrastructure

Unread post by reichstag fireman »

whatsgoingon wrote:British Petroleum invested $500 million in energy research, mainly bioenergy.

I know this is true. The money transaction has taken place. I am at Berkeley physically. Why would they dump $500 million into bioenergy if they had limitless supplies of fossils to tap? Is it a crazy PR stunt? I think $10 million is PR and $500 million is more serious.
BP has moved $500m into distinctly dodgy hands. But so what? It doesn't mean anything. It certainly doesn't prove that any genuine research into "bioenergy" is taking place.

NASA moves trillions into non-existent "Space Research". Where does that cash go? Simple answer, it is swindled. It certainly isn't used in any genuine scientific research.

The whole "bioenergy" shebang is a monstrous fraud, manufactured by the same gangsters running the man-made global warming swindle.
The problem with energy is that we tap existing reservoirs, which happened geologically to trap hydrocarbons from millions of years ago in the perfect formations. When we exhaust or draw down those resources, then we have the replacement rate, which if the abiotic theory was remotely correct is not very fast. I am not a geologist at all but used to frequently read TheOilDrum Blog.
I haven't heard of that particular Peak Oil propaganda outlet, but I did listen to the garbage from the CIA-handled grunt called Mike Ruppert. Ruppert gained quite a following in the early days of the 9/11 Truth Movement, pumping out breath-taking lies.

Ruppert is a thoroughly devious man. But then he blew his whole cover by authoring a book called "Crossing The Rubicon: The Decline of the American Empire at the End of the Age of Oil".

In Ruppert's completely shallow book he sought to justify, or at least explain the Imperialist Agenda on the grounds that America was running out of oil.. That's the bottom line of the Peak Oil theory: we're running out of Oil (bullshit), so let's loot what's left. That's the agenda you're plugged into, albeit via the perspective of the liberal imperialist phony Green Lobby.
The issue is that old reservoirs are not pumping like they used to, so either they are lying about their production, or they are drilling new wells ~45,000 wells in the US per year for the fun of it.
Or, most likely of all, Big Oil is lying on every front. It's not only lying about production which, in truth, is increasing year-on-year through advancements in technology - but it is also lying about the number of new wells it has to drill to meet demand. Hardly any new wells need drilling each year.

In reality, demand for oil is actually falling, because of the collapse in the global economy, the use of more efficient vehicles and heating equipment, and improved production methods, etc.

America, just like Western Europe, has no heavy industry left. There is no physical economy today. Once world-famous centres of manufacturing are today post-industrial wastelands. We don't need oil like the good old days. We don't have vast energy needs any more.

On the topic of oil shortages, there was a weird Psy-Op played out in Britain in the last few weeks. The ghastly Bullingdon Club Prime Minister (think Skull-and-Bones fraternity) was warning the flock to stock up on gasoline in case there were shortages from possible industrial action.

At the time of the scare, the pump price was sky high. The highest price that petrol has ever been (~£1.50 a litre / $9 a US gallon). The price was so high, no one was buying it. We couldn't afford it! And the Oil giants just couldn't sell their stuff. That created a logistical crisis with reserves. They had nowhere to store it. Every day, another tanker arrived from the Gulf with more barrels of crude. And so, the Great British Prime Minister, in collusion with "the tanker drivers' union" manufactured a scare of forthcoming shortages to create a petrol-buying frenzy.

"WARNING FROM DOWNING STREET: Buy as Much Petrol as You Can and As Quickly as You Can!" And soon fools across the nation were stocking up in vast quantities, doing so while the petrol price was at the very top of the market. Shortly afterwards, of course, the industrial action was suddenly called off. Quel surprise! Overflowing oil reserves completely cleared and sold at the best price, too. Nice work, Prime Minister!
I doubt the new wells are meant to keep people busy. I think these are purposeful wells.
We have no reason to believe anything claimed by Big Oil. The Industry is notoriously dishonest. It may claim to have sunk 45,000 new wells, but I'll do my own counting to verify those claims, thank you :P
So even if abiotic theory is right and there is a lot of hydrocarbons moving into reservoirs it is certainly slower than the initial rates of extraction from these sites historically.
"Certainly" ? How verifiable is your "certainly"? May I verify your proof, please?
I tend to think the exaggerations on fossil fuels are that we have limitless oil resources.
Alarm bells sounding over your language usage here. You're clearly invested heavily, if only intellectually, in the Dino Doo theory of hydrocarbons. Have you considered the Abiotic Theory for the origins of oil, and if so, how and why have you discounted it?
Look at Japanese oil production. It is very small since it maxed out in 1930s just before WWII. Same for Europe. There is no oil left in Europe at all. It is all imports.
How do you know that? Because Big Oil has told you so? I have friends working today in the North Sea oil and gas industry: rig workers, specialist fabrication workers, etc. They are very busy men. The North Sea oil and gas industry is thriving. Norway (via StatOil) has accumulated vast sovereign wealth funds through the sale of its North Sea oil. Those rigs continue to draw and the revenues continue to flow in.

In a nutshell, Big Oil in Europe - principally Royal Dutch Shell and British Petroleum - have every reason to perpetuate the myth that there is a shortage - an ever sparser supply of the stuff. What salesman ever admits that he's overwhelmed by his stock levels?

Back in the mid 1970s, there was a supposed shortage of salt (sodium chloride). "The price of the nation's favourite condiment is going to soar!" said the crooked bastards on the BBC, the British state broadcaster. And indeed, the price of salt on the supermarket shelves did jump several fold. Housewives were warned: stock up now before the price soars even higher. But, honestly! A salt shortage? Really? I don't think so. There are vast salt mines in England. And to state the obvious, this country is an island sitting in the middle of a very salty ocean. So it was just another stoopit City of London scare. A scare engineered by those who profit from our ignorance, who gouge the last few pennies from our wallets, and most of all, just so they can have a jolly good laugh at our mindless gullibility.

There's a famous book on popular delusions and the madness of crowds (says he having barely flicked through it). It was written in the 19th century and covers several major economic swindles of the day, including Tulip-Mania and the South Sea Bubble. If the book were written today, it would have to include the Dot-Com Scam and the Peak Oil swindle.

Image
Free e-book download from: http://archive.org/details/memoirsextraord05mackgoog
Why? Abiotic oil cannot be replacing those reserves fast enough. So we can estimate the rates of depletion given these cases in the West that are well known. Are we there? Yes. We are square in the middle of the carbon age.
Oh God, you've bought in big time, there.
I would estimate that we are somewhere near the half-way point in hydrocarbon extraction from this planet. We cannot extract more per year than we are today. That is a gut instinct but in line with data over the last 100 years or so.
"Estimates" and "Gut Instinct" ? I don't think I'll be adjusting my stock market portfolio based on those arguments.
We humans are at a unique moment in history. We rode a big fossil wave and built many great things and about 7 billion people too.
Heck, you really should write soundbites for a living. Hang on, maybe you do?

So, you're invested not only in the Peak Oil theory, but also in the Depopulation Agenda, yes? Too many people, too little oil, too little food. Finite resources, far too many negroes. What do we do? War? Pestilence? What did that rabid Imperialist, Bertrand Russell, say on this very matter?
As far as the 100 years of Natural Gas. I think they are over-estimating. Besides to say we have x years is misleading. We need to know the physical volume in barrels or some real measurement of the gas.
So no point speculating and fear-mongering in the absence of any facts.
We have an infinite amount of gas in years. It may well be, but the economics of the production volumes being as great as they are today 200 years from now is remote imho. Gas is always being made by the earth, but can it be extracted economically at todays volumes and prices 200 years from now?
Your Agenda Leaders are demanding that we consider the world some 200 years hence, and base our policies today on what may, or may not, happen in 2212? Those Agenda Leaders thrive on FUD - Fear, Uncertainty and Doubt. Or bullshit to put it bluntly.

I have this good feeling about the world. Its long-term future is by no means doom and gloom. There is really quite a rosy future. The planet, and the animal and plant kingdom, have survived for roughly 5 billion years. So I've got a strong gut instinct we might last another century or two.
Again all I can do is speculate.
Indeed. Speculation, driven by fear, creating more fear.
Lets just think about things that are happening today and why these events are occurring. Today one could purchase an electric car, a gas-electric plug-in hybrid, mass produced. They are allowing these technologies to penetrate the market to reduce oil consumption demand. This technology of hybrid engines is very, very old. Nothing fancy. Locomotives are diesel-electric hybrids.
Slow down with the enthusiasm. There's really nothing to get excited about. There's a fraudulent financial industry that thrives on totally phony fears over Oil Shortages, Global Warming, Famines, Droughts, Floodings, Disease. In fact, all manner of apocalyptic scenarios.

The global price of energy is determined almost exclusively in London, in a trading exchange founded by leading financiers from the British Empire (Philipp Brothers, agents of the Rothschild Banking Dynasty). That exchange - the International Petroleum Exchange (just recently amalgamated with the Inter-Continental Exchange) - sets the price of 80% of ALL the crude oil traded in the entire world.

See: http://www.larouchepub.com/eiw/public/2 ... 3_feat.pdf

That criminal derivative trading operation yields trillions of bucks every year from spreading lies about the sparcity of energy commodities. Heck, they even blow up each others' oil refineries and sink tankers to manipulate the futures market. We really shouldn't doubt that the whole oil industry is run by gangsters who thrive on lies.

As such there's no reason to believe one damn word from the Peak Oil theorists.

EDIT: a couple of URLs and corrections to appease the typo gestapo!
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whatsgoingon
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Re: Global Oil Infrastructure

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hoi.polloi
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Re: Global Oil Infrastructure

Unread post by hoi.polloi »

reichstag fireman, I tend to agree with your skepticism and I won't believe any people who simply insist "I am right - you are wrong" from the Internet, but please use punctuation a little less flippantly.

I don't get your "?????" and ".."

On this forum, two-dot ellipses have traditionally come from people deliberately futzing with the appearance of our forum's readability. That, along with other confusing punctuations like ". ." or ".. . . ." or isolated periods " . " or what have you, are slightly insulting in this case.

Sorry to be an English-monster, but it will help us believe you are actually intent on clarity. Thank you!
whatsgoingon
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Re: Global Oil Infrastructure

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reichstag fireman
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Re: Global Oil Infrastructure

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whatsgoingon wrote:fossil fuel
Bzzzt.. Quit the Shilling. You have no genuine interest in the Abiotic Oil Theory. Shall we talk about the Apollo Hoax instead?
whatsgoingon
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Re: Global Oil Infrastructure

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simonshack
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Re: Global Oil Infrastructure

Unread post by simonshack »

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Gentlemen/women,

Once again, let me attempt to moderate this thread with a few simple recommendations - but firstly, let me make one thing clear: I certainly have no expertise with the Global Oil Infrastructure (as this thread is called), so I can only 'play referee' here, if you will. So, all I'm asking here is for the discourse to stay as sharp and civil as possible, so as to make for interesting and educative reading - whatever your views may be on the subject. Also, since this subject is being debated in countless articles/websites around the internet, please make sure you select the best (in your view) when providing relevant links to us Cluesforum readers. Thanks.

For now, I very humbly submit this article, which I found interesting - although, again, please know I'm totally 'agnostic' about all this :

WHAT IF WE DON'T RUN OUT OF OIL http://www.wnd.com/2005/11/33412/
whatsgoingon
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Re: Global Oil Infrastructure

Unread post by whatsgoingon »

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reichstag fireman
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Re: Global Oil Infrastructure

Unread post by reichstag fireman »

whatsgoingon wrote:I submit this document from 1956. M. King Hubbert was ridiculed for his work on oil in 1956, and he correctly determined the exact year Texas and the lower 48 United States would peak in production of crude oil. Notice I am talking about crude oil, not shale oil, or oil sands or deep water oil.

Reference: http://www.hubbertpeak.com/Hubbert/1956/1956.pdf
So, in your Defence of the Peak Oil Theory, that is specimen one, the Hubbert Curve?
whatsgoingon
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Re: Global Oil Infrastructure

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fbenario
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Re: Global Oil Infrastructure

Unread post by fbenario »

whatsgoingon wrote:Image
Basic economic theory tells us that as the supply of something increases, the cost will decrease, and vice-versa > scarcity brings price increases, excess brings lower prices.

And yet the 20th century saw massive increases in oil availability, and massive price increases along the way. Inflation of course played a role in the price increases. If we see a massive reduction in oil over the next century, basic theory indicates the cost should skyrocket - yet history suggests the price may collapse, as in the summer/fall of 2008 when the recession hit hard.
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