Peak Oil Nonsense

..It is what oil geologists call a ‘Super-giant’ field. Estimates are that the Cuban field contains as much as 20 billion barrels of oil, making it the twelfth Super-giant oilfield discovered since 1996...

...retired oil geologist Colin Campbell and Texas oil banker Matt Simmons, claimed that there had not been a single new Super-giant oil discovery since 1976...

...Despite the promising 1979 results in Haiti, Dr. Georges Michel reported that, “the big multinational oil companies operating in Haiti pushed for the discovered deposits not to be exploited.” Oil exploration in and offshore Haiti ground to a sudden halt as a result...

...A US military occupation of Haiti under the guise of earthquake disaster ‘relief’ would give Washington and private business interests tied to it a geopolitical prize of the first order. Prior to the January 12 quake, the US Embassy in Port-au-Prince was the fifth largest US embassy in the world, comparable to its embassies in such geopolitically strategic places as Berlin and Beijing. With huge new oil finds off Cuba being exploited by Russian companies, with clear indications that Haiti contains similar vast untapped oil as well as gold, copper, uranium and iridium, with Hugo Chavez’ Venezuela as a neighbor to the south of Haiti, a return of Aristide or any popular leader committed to developing the resources for the people of Haiti, -- the poorest nation in the Americas -- would constitute a devastating blow to the world’s sole Superpower...

SRSrocco wrote:Poor Shelby

SRSrocco wrote:

shelbylook wrote:I have been trying to avoid touching on the subject of peak oil, because it renews the same old debate that just goes on and on...

Any way, Denninger says it better than I could:

https://goldwetrust.forumotion.com/economics-f4/peak-oil-nonsense-t102-15.htm#3167

EROEI is a crock when the base power load can be nuclear. The assertion that nuclear will have a very low EROEI is a lie, steeped in political logjams (regulations, political delays and cost overruns, does not consider the new modular style nuclear reactors, etc).

We may have an energy crisis, if the politics succeeds in creating one.

But the real problem is monetary and thus political. Energy is a side-show (although it could end up being a big side-show).

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ADD: Steve I am not disagreeing with your focus on potential supply chain and energy problems. I appreciate your research in this area. We could end up having some really severe shortages, given the politics of waste and destruction and malinvestment, which is enabled to continue because the people don't force the monetary end soon by trading their paper for precious metal money.

Some much to write...and so little time.

Martin Armstrong, the poor fella still held in jail who is famous for his pi-cycles and analytical work, wrote how the Roman Empire fell because of Socialism by certain leaders. Martin Armstrong goes on further to state that the Roman Monetary system collapsed as it was devalued over 98% in only 13 years:



Martin Armstrong attributes the fall of the Roman Empire to Socialistic Emperors who redistributed the wealth from the rich to the poor as well as currency debasement. He goes on further to say the same parallel is happening in America.

I BEG TO DIFFER:
Here is why

My upcoming article will prove that it is not monetary printing, socialism or debasement of a currency that destroys the economy of an empire, but rather a FALLING EROI which is also called DIMINISHING RETURNS on TECHNOLOGY-COMPLEXITY.

The Roman Empire did not fall due to SOCIALISM or a CURRENCY DEVAUATION of the silver coin, but rather due to the same reason the great American Empire will fall. Roman in its infancy grew by taking over other countries that had gold, silver and lead mines....as well as other natural resources. The first countries they took over were the easiest, and produced the most booty.

As time went on, it took MORE ENERGY and RESOURCES to keep the larger and growing ROMAN EMPIRE together from invading enemies, or problems from within. At the last stages of the empire, a great deal of energy and resources were consumed only gaining marginal lands and countries with poor gold-silver mines and resources. Thus we had a FALLING EROI.

The debasement of the currency and the socialism were the last stages of an attempt to try to postpone the inevitable. So.......those who blame monetary printing and socialism....are looking at the symptoms and not the disease itself.

THE DISEASE is a falling EROI or DIMINISHING RETURNS OF TECHNOLOGY or COMPLEXITY.

I will discuss this in detail in the article coming to online websites.

Shelby wrote:My rebuttal to the prior comment "ultra-deep will not combat peak oil" follows.

1) The fact that we are pulling oil from 18,000 ft below sealevel (13,000 ft below seabed) means that oil is not a fossil fuel and is in fact an endless stream of oil generated by heat and pressures inside the earth. How could dead organisms get down that deep?

2) There is no way you can tell me that is takes billions of barrels of oil energy to place a 21" diameter bore and casing into the earth 13,000 ft and build a aircraft carrier size rig up on top. Nonsense. Just use your common sense dude, and stop listing to all the propaganda from the media who want to blame this coming monetary crisis on a fiction called "peak oil" (just as they lied to us about Global Warming, google "Climategate"), and see the temperature/CO2 charts near bottom of this post:

https://goldwetrust.forumotion.com/knowledge-f9/book-ultimate-truth-t148.htm#3159

There is a very simple explanation for the Hubbard curve, and simply that it became cheaper to produce oil outside the USA. Simple economics. And if there is any world peak and decline in production (there is not yet, only projections), then it will be because of mis-allocation of capital due to the failure of the Ultimate Marget Regulator:

http://www.marketoracle.co.uk/Article20263.html

But people are too stupid, and they fall for the misdirection of blame fed to you by TPTB:

https://goldwetrust.forumotion.com/health-f5/preparing-for-coming-crisis-t41-45.htm#3254

Shelby wrote:Eventually the declining EROEI of oil production, will be displaced by a more efficient energy source, such as nuclear. But that will be a good thing.

The Thunder Horse discovery well was drilled in 1999 on Mississippi Canyon block 778. It was drilled to a depth of 25,770 feet (7,850 m) from the drillship Discoverer Enterprise, hitting three intervals of oil.

A second well was drilled in block 822, 1.5 miles (2.4 km) southeast of the initial discovery, reaching a depth of 29,000 feet (8,800 m) in November 2000 and also encountered three primary intervals of oil.

In February 2001 a new field known as Thunder Horse North was drilled in block 776, approximately 5 miles northwest of the original field. This well reached 26,000 feet (7,900 m) and again met three intervals of oil.

1. Storage cost of roughly $2 per L, since CNG has 25% energy density of diesel and 3.78 L / gallon, this is roughly $30 per gallon.
   
2. Half-life of natural gas oxidation in atmosphere is 7 years, but it isn't exposed to oxygen in CNG form in a tank, so figure the storage life is many years at least.
   
3. Build a methane generator which converts human+animal feces, food, and even paper waste to biogas, so you don't need a big compressed storage tank. You can then buy a compressor to fill your vehicle CNG tanks. And you can power your home on the uncompressed methane. Note that if you don't odor to your biogas, you have danger of killing yourself. Note the overflow from the methane generator is compost fertilizer for growing food!
   
4. Honda makes a natural gas car: http://automobiles.honda.com/civic-gx/ (thanks Karl for the tip)
   

Shelby wrote:Christian L. wrote:
"...I agree that the worlds population is getting out of hand and causing many problems..."

That westerners believe such erroneous propaganda, is really sad. We need more people (more independent actors and possibilities), not less:

https://goldwetrust.forumotion.com/knowledge-f9/book-ultimate-truth-chapter-6-math-proves-go-forth-multiply-t159-15.htm#3640

And the "problems" with energy are non-problems, but actually normal change that is part of the trend of the universe towards maximum possibilities (disorder, aka entropy), as dictated by the 2nd law of thermodynamics (discovered in 1856!):

https://goldwetrust.forumotion.com/knowledge-f9/book-ultimate-truth-chapter-6-math-proves-go-forth-multiply-t159-15.htm#3748

The Malthusian propaganda (e.g. global warming, climate change, peak energy, etc) are lies promulgated by the mass media, which since 1980s has been concentrated into ownership by a few rich families such as Ted Turner, who is allegedly the financier of the Georgia Guidestones:

http://en.wikipedia.org/w/index.php?title=Georgia_Guidestones&oldid=390241904#Reactions

I have interpreted the symbolic meaning of those stone inscriptions:

https://goldwetrust.forumotion.com/economics-f4/changing-world-order-t32-90.htm#3515

Consider the benefit of trusting nature and living in harmony with it, instead of thinking we can control the future (e.g. birth control pills at young age that turn our women into men). Let's stop the insanity.

What is causing the world's problems is mankind's love of debt and pooling decisions and resources, i.e. the fiat system. If you want to read everything I have wrote on this site so you can come up to speed on understanding the concept and math:

http://www.google.com/search?q=site:marketoracle.co.uk+Shelby+Moore

Cheers.

Beans, beans, the more you eat, the more you fart, and the more you fart, the better you feel, so eat your beans at every meal.

World Oil production and use is as much as a river 5,500 cfs (155 cms)