Warning: World Oil Supplies Running Out Fast
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The continued, egregious claims of such as “evidence” of a biological origin of petroleum are acknowledged to be fraudulent. A recent paper describes very recent analysis of the thermodynamic stability of the hydrogen-carbon system in circumstances most favorable to the evolution of hydrocarbons, and shows that the hydrocarbons which comprise natural petroleum cannot evolve spontaneously at pressures less than approximately 30 kbar, which pressures correspond to the depths of the mantle of the Earth. In the second instance, this paper describes experimental demonstration of the foregoing theoretical predictions, whereby laboratory-pure solid marble (CaCO3), iron oxide (FeO), wet with triple-distilled water, are subjected to pressures up to 50 kbar and temperatures to 2000 C. With no contribution of either hydrocarbons or biological detritus, the CaCO3-FeO-H2O system spontaneously generates, at the high pressures predicted theoretically, the suite of hydrocarbons characteristic of natural petroleum.
3.2 The economic publications.
The second main group of papers deals with the important issues connected with the economic consequences of modern Russian petroleum science. In these papers are reviewed both some of the pseudo-economic fables (e.g., “the human race is going to run out of natural petroleum”) which have been traditionally connected with the error that petroleum is some sort of “fossil fuel,” for reason (supposedly) of having evolved from biological detritus, - albeit in violation of the laws of chemical thermodynamics.
3.3 The political and sociological essays.
The third main group of papers deals with diverse sociological and political aspects which have involved the modern Russian-Ukrainian theory of deep, abiotic petroleum origins, and which have too often obstructed persons, and governments, in the U.S.A. from learning it. In this section, are examples of some of the published efforts to misrepresent modern Russian petroleum science.
The modern Russian-Ukrainian theory of deep, abiotic petroleum origins is extraordinary in almost every way, including the bizarre circumstance that it has been the object of probably the most daring attempt of plagiarism in modern scie
Introduction to Modern Russian Petroleum Science
3.2 The economic publications.
The second main group of papers deals with the important issues connected with the economic consequences of modern Russian petroleum science. In these papers are reviewed both some of the pseudo-economic fables (e.g., “the human race is going to run out of natural petroleum”) which have been traditionally connected with the error that petroleum is some sort of “fossil fuel,” for reason (supposedly) of having evolved from biological detritus, - albeit in violation of the laws of chemical thermodynamics.
3.3 The political and sociological essays.
The third main group of papers deals with diverse sociological and political aspects which have involved the modern Russian-Ukrainian theory of deep, abiotic petroleum origins, and which have too often obstructed persons, and governments, in the U.S.A. from learning it. In this section, are examples of some of the published efforts to misrepresent modern Russian petroleum science.
The modern Russian-Ukrainian theory of deep, abiotic petroleum origins is extraordinary in almost every way, including the bizarre circumstance that it has been the object of probably the most daring attempt of plagiarism in modern scie
Introduction to Modern Russian Petroleum Science
If memory serves correct they drilled a total of twelve holes. All areas considered worthy of further exploration were quickly placed under a moritorium. There is at least one spot in the Charlottes where oily substance bubbles to the surface.
It is not so much the oil companies that are ripping us off with high gas prices, rather it is speculators who play on the commodities market. All they own is a phone and a computer. Make them take physical delivery and prices will soon be in line with production costs.
Profoundly disturbing hard intelligence like this does not sit well with the frantic cries of western academic shills and lobbyists, determined to convince you all that the end of the oil world is nigh, or, more accurately, that America faces an imminent catastrophe when global production capacity "Peaks", i.e. when world demand for crude oil finally exceeds the rate at which we can physically pump the required product out of the ground. The gist of these false claims are outlined in a speech given at the at the University of Clausthal, by lobbyist Doctor Colin Campbell during December 2000:
"In summary, these are the main points that we have to grasp: Conventional [Free flowing] oil provides most of the oil produced today, and is responsible for about 95% of all oil that has been produced so far. It will continue to dominate supply for a long time to come. It is what matters most. Its discovery peaked in the 1960s. We now find one barrel for every four we consume. Middle East share of production is set to rise. The rest of the world peaked in 1997, and is therefore in terminal decline. World peak comes within about five years" [circa 12/2005]
Campbell is just the tip of a giant iceberg of academic Peak Oil 'experts' who suddenly appeared en-masse to Abiotic Oil in a Nutshell | Memes.org: Mind Viruses
"In summary, these are the main points that we have to grasp: Conventional [Free flowing] oil provides most of the oil produced today, and is responsible for about 95% of all oil that has been produced so far. It will continue to dominate supply for a long time to come. It is what matters most. Its discovery peaked in the 1960s. We now find one barrel for every four we consume. Middle East share of production is set to rise. The rest of the world peaked in 1997, and is therefore in terminal decline. World peak comes within about five years" [circa 12/2005]
Campbell is just the tip of a giant iceberg of academic Peak Oil 'experts' who suddenly appeared en-masse to Abiotic Oil in a Nutshell | Memes.org: Mind Viruses
NASA - Titan's Surface Organics Surpass Oil Reserves on Earth
Saturn's orange moon Titan has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth, according to new data from NASA's Cassini spacecraft. The hydrocarbons rain from the sky, collecting in vast deposits that form lakes and dunes.
Image right: An artist's imagination of hydrocarbon pools, icy and rocky terrain on the surface of Saturn's largest moon Titan. Image credit: Steven Hobbs (Brisbane, Queensland, Australia).
+ Browse version of image
The new findings from the study led by Ralph Lorenz, Cassini radar team member from the Johns Hopkins University Applied Physics Laboratory, Laurel, Md., are reported in the Jan. 29 issue of the Geophysical Research Letters.
"Titan is just covered in carbon-bearing material -- it's a giant factory of organic chemicals," said Lorenz. "This vast carbon inventory is an important window into the geology and climate history of Titan."
DB According to the Trex the Luddite Skeptic Titan was covered with forests and dynosaurs.db
Saturn's orange moon Titan has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth, according to new data from NASA's Cassini spacecraft. The hydrocarbons rain from the sky, collecting in vast deposits that form lakes and dunes.
Image right: An artist's imagination of hydrocarbon pools, icy and rocky terrain on the surface of Saturn's largest moon Titan. Image credit: Steven Hobbs (Brisbane, Queensland, Australia). + Browse version of image
The new findings from the study led by Ralph Lorenz, Cassini radar team member from the Johns Hopkins University Applied Physics Laboratory, Laurel, Md., are reported in the Jan. 29 issue of the Geophysical Research Letters.
"Titan is just covered in carbon-bearing material -- it's a giant factory of organic chemicals," said Lorenz. "This vast carbon inventory is an important window into the geology and climate history of Titan."
DB According to the Trex the Luddite Skeptic Titan was covered with forests and dynosaurs.db
So how many 100's of tons would you have to be able to 'carry' to supply the fuel needed to get there and back and still have some for sale to the minions waiting at the pumps? @ today's prices how much extra would you need to turn a profit?
Yep, we heard that old malarkey back in 1974 when the Chicken Littles in the U.S. lowered the speed limit to 55 mph. Actually that part was a good idea, they should have left it there, but for safety reasons.
Les had an idea a while back, that people should start charging oil companies and speculators stuff like $3.00 per sheet of copy paper, $10 per roll of bumwipe, $25 for a jug of cooler water, $400 per tire for their cars, etc.
Gouge this, people! lol
In 1970 the Club of Rome put out a book called the Limits of Growth, which projected that we would be out of oil by the start of the 21st Century. In fact we have more accessible reserves now than we did then.
I remember that study, Coldstream. They were saying that oil will run out by the year 2002 or 2003. At that time, the date was 30 years in future, so no doubt they felt safe in making such a prediction. I assume most of those who produced the report are retired or dead by now, so they don’t have to face the music.
There re tremendous oil reserves, the question is whether it is economic to extract them. As oil becomes more and more expensive, it becomes feasible to extract them. So in a way the process is self fulfilling. As the price increases so do available, extractable reserves.
Thus at a certain oil price, it becomes economical to extract oil from tar sands. When oil was 20 dollars a barrel, no way you could count tar sands among the oil reserves. But with oil at 140 $ a barrel, tar sands become part of the oil reserves.
New oil fields are discovered all the time, more and more oil reserves become extractable as oil prices go up. I would say there probably are more than enough oil reserves for 100 years at least.
As you said, tar sands alone contain 50 years’ worth of oil. And you think environmentalists are going to stop anybody? Don’t you believe it. When the need for oil becomes sufficiently dire, all the talk of environment will go right out the window.
All this talk of oil running out is nothing to panic over, but is an opportunity to develop alternate (and clean) energy sources.
I remember that study, Coldstream. They were saying that oil will run out by the year 2002 or 2003. At that time, the date was 30 years in future, so no doubt they felt safe in making such a prediction. I assume most of those who produced the report are retired or dead by now, so they don’t have to face the music.
There re tremendous oil reserves, the question is whether it is economic to extract them. As oil becomes more and more expensive, it becomes feasible to extract them. So in a way the process is self fulfilling. As the price increases so do available, extractable reserves.
Thus at a certain oil price, it becomes economical to extract oil from tar sands. When oil was 20 dollars a barrel, no way you could count tar sands among the oil reserves. But with oil at 140 $ a barrel, tar sands become part of the oil reserves.
New oil fields are discovered all the time, more and more oil reserves become extractable as oil prices go up. I would say there probably are more than enough oil reserves for 100 years at least.
As you said, tar sands alone contain 50 years’ worth of oil. And you think environmentalists are going to stop anybody? Don’t you believe it. When the need for oil becomes sufficiently dire, all the talk of environment will go right out the window.
All this talk of oil running out is nothing to panic over, but is an opportunity to develop alternate (and clean) energy sources.
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All of that is pretty much what Rubin said in his book. The oil reserves that are being discovered are the harder and more expensive deposits, that only make sense at higher prices. He elaborated further, however, pointing out that as oil gets more expensive, it won't make any sense to fly fruit all over the world, or fresh flowers from Central America, and the cheap Chinese imports will longer be economically feasible. In fact, it may well lead to a revival of North American manufacturing, because the transport costs will make many imported goods no longer attractive.
Still, the rate at which we are discovering new reserves does not make up for the rate at which existing fields are losing productivity.
There would be a way to siphon from here, it would be converted and transmitted, without going there, if we ever needed it, which is highly unlikely because this planet has lots. The greatest breakthrough in the energy sector will of course be the elimination of the private bankers. Most new exploration R&D has been and is to prevent oil coming to market.
I see you've got your paranoia switch set to 'high' this morning.
Do you ever get tired of it?
We've had a steady dose of that ever since Joe Clark got turfed out of the P.M.'s seat.
Me? No I never get tired of it TenPenny, it's the fuel that runs me little engine. How is it possible to get tired of the ways of the world. It's pro sport in it's highest terrestrial form. You'd be happier if I was a hockey junkie?
When oil reached 140 $ a barrel, the world did not exactly come to an end, inflation did not shoot through the roof. We managed to survive it quite well.
And with good reason, things are much different from the oil embargo of the 70s. I remember reading somewhere that energy costs are only a small fraction of total costs in manufacturing, transportation etc.
Let us consider a trucking company. The company has to pay to purchase and maintain the trucks, they have to pay the salary and benefits for truck drivers and other employees, they have to pay the rent for the office, utilities, insurance and so on. When you look at the totality, the cost of gasoline or diesel required to actually transport the stuff works out to be a small faction.
So even if the energy costs double or triple, that won’t cripple the economy. Sure it will cause some hardship, but I don’t see it being appreciable.
So yes, fruits will fly from all over the world, fresh flowers will continue to come from Central America (incidentally, when we visited Galapagos Islands, we were told that Ecuador, where Galapagos are located is the biggest exporter of roses in the world, that came as a surprise to me), Chinese imports will still be feasible. Only all of them will become a little more expensive.
Experience has shown that the economy can stand high fuel prices, some hardships perhaps, but certainly to the end of the world.