The Truth Behind Peak Oil…

Yep, sitting here in downtown Baltimore, we had nothing better to do. So we made the whole thing up. Peak oil isn’t real. It’s a fake. We have so much oil in the world remaining, there’s no way we’ll ever run out. So on behalf of peak oil theorists… you’re right. We’re wrong.

We apologize… Let’s move on. We can’t keep this going any more.

And if you believe that… I’ve got some swamp land and a nice bridge to sell you.

Peak oil is real. Get over it. The only thing worth arguing over with its reality is the definition of it.

Peak oil does not mean the world is running out of oil. Stop throwing that garbage around. We have three trillion barrels of oil in the United States alone.

Peak oil refers to the flow rates. It refers to the fact that the “easy to get to” oil is gone. It’s the “hard to reach” oil that we now have to go after.

Why do you think BP was drilling so deep in the Gulf? Because they felt like it?

“You want us to believe peak oil is real… that we’re really running out of oil left on the planet. That’s alarmist conspiracy garbage you’re using to sell newsletters. It’s not real. Move on.” — John L.

“Peak oil doesn’t exist. We have more oil supply now than at any time in the last 27 years… World oil reserves have increased. Spare capacity has increased. We’re not running out of oil. Stop the BS. Do you even look at the data or do you just ‘know’ oil is running out? This article you wrote is complete garbage. At one point in your peak oil article, you say it’s real. At another point of the article you talk about the largest oil deposits on the planet. Sounds like a contradiction. Which is it, genius?” — Mark S.

All I have to say, John and Mark, is this: You have it all wrong.

I understand why people won’t listen to peak oil theories. They’re skeptical of radical schools of thought, opting instead to listen to “experts” who say everything is okay, that oil will keep flowing for decades to come.

But it simply isn’t so.

Peak oil does not mean the world is running out of oil; it means we’ve peaked as far as finding cheap oil supply.

And we don’t believe the world will just “eventually” run out of cheap oil in 10 to 12 years. It’s already happening.

Peak oil critics don’t fully grasp the concept of peak oil is —which is also a common problem among the public. People are confusing peak oil with oil running out in the world.

That’s not what’s happening here…

Peak oil refers to the peak in flow rates of oil, and the inability to find oil on the cheap. (Why do you think BP was drilling so deep offshore?)

The United States has already reached its peak oil date. In fact most oil producing countries have reached their production peaks — and the good ole days of discovering easily accessible, conventional crude are behind us.

Sure, there’s oil in the tar sands in Canada, and heavy oil and oil shale in the world — but it’s pricey and, more oft than not, difficult to get to.

In the next few years, John and Mark, you’ll see just how real peak oil is when you’re sitting in the gasoline line…

But, hey, I still appreciate the comments. Please send your thoughts if you disagree with our side of the argument.

No amount of pointless, incorrect drivel from the mouths of critics will stop peak oil. We have passed peak oil.

And no amount of technology will change the fact that the United States uses close to 20 million barrels of oil a day — and growing.

The era of cheap oil is gone

According to the IEA’s latest oil report (published in August 2010), global demand will reach 86.6 million barrels per day this year… and is expected to hit 87.9 million barrels per day in 2011. That means demand could pass an all-time high of 86.9 million barrels per day of 2008.

And we haven’t even come close to the demand of countries like China, India, and Latin America…

The era of cheap oil really is over… done… kaput.

Every barrel that will come to market will be much more difficult to produce, and therefore much more expensive.

Just ask U.S. oil experts, Germany, England — they are all fearful of this fact. Ask respected analyst Charles Maxwell.

Peak oil isn’t real?

Get over it. As if we’d be dumb enough to make this stuff up…

That’s like saying we want to get sued by the SEC for oil price manipulation.

Don’t believe me? Sit out… miss the profits. Cry about it later.  We’re trying to help you make money.  Period.  I don’t have time to make up mythical stories of peak oil, rare earth, unicorns, and rainbows.

Wealth Daily