Peak Oil, or when supply doesn't meet demand

[Tet]

Re: Peak Oil, or when supply doesn't meet demand

The petro dollar has been busy building oil infrastructure as well. Now why would the oil companies invest such a great deal of capital if we are headed for a oil decline?

Great point, seems pretty silly to be spending all this capital on something you aren't going to be able to purchase the product you need to run it. Refineries are definitely a thirty year time line, certainly one that requires dino goo in order to turn a profit from for at least the next thirty years.

Peak oil site says:
http://www.peakoil.com/fortopic30022-0-asc-0.html

Oil industry scales back refinery plans because of ethanol


As stated above in the few articles I posted it would seem oil refinery expansion is booming.

Pipelines are booming, refineries are booming, double hauled tankers are booming, nuclear powered ice breakers to keep the oil lanes open in the winter are booming, strategic storage is booming, meanwhile here in the US, printing presses are booming.

[FRED]

Re: Peak Oil, or when supply doesn't meet demand

Lessons for the "Peak Gold" crowd in one graph.

Looks like world gold reserves peaked around 220,000 tonnes in 1900, now 90,000 tonnes. Doesn't seem to have put much of a dent in production.

Source: http://anygoldnow.com/whygold.htm

[Guest]

Re: Peak Oil, or when supply doesn't meet demand

Even we bewildered novices can readily read and understand the following charts:

785568Image13.gif

DOW PRICED IN OZS GOLD.jpg

homeequtiyextraction-O2.jpg

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What part of the following chart does the I-Tulip community then not understand, suggests at very least the rational possibility of depletion today?

RolloverGap.jpeg

Note: This is a hundred year chart - we are not looking at "statistical noise" here. Does this final chart engender in you feelings of resentment, scorn and hostility? If so, you are most certainly not a doomer!

[Tet]

Re: Peak Oil, or when supply doesn't meet demand

What part of the following chart does the I-Tulip community then not understand, suggests at very least the rational possibility of depletion today?

Abiogenic petroleum origin

I'll stick with the Rooskies and the Ukranians and their scientific version of oil's formation. I'm certainly not a believer in dino goo and cartoons. Pulling millions of barrels of crude out of a one million barrel hole would lead many to believe that the hole is being refilled. The Saudi's still after 50 some odd years of pumping are pulling all this crude out with about 700 wells.

The suggestion that petroleum might have arisen from some transformation of squashed fish or biological detritus is surely the silliest notion.

Note: This is a hundred year chart - we are not looking at "statistical noise" here. Does this final chart engender in you feelings of resentment, scorn and hostility? If so, you are most certainly not a doomer!

In a zero sum games the winner clearly needs to hold views that the losers do not. I take great comfort in knowing that Wall Street's Mass Media and our Free (LMAO) Public Education system are able to get a majority of the cows to head up the ramp to the slaughter yard. I would imagine that's how the rich stay rich and the rest don't stay around.