I will never talk about information that is not public. I am not in a leadership position, so all I know is what they tell everyone else. Although, I can use my observations, assumptions, research, and intuition to help me form some theories and possible conclusions. And I don't think oil depletion is a "big secret", but I feel people (such as myself) are ignorant of the outcome of oil depletion and the optimistic view of viable energy to replace our needs.
Alaska Oil Production
I was really optimistic about ethanol and how Brazil has become energy independant. I thought in the next 5-10 years we would see ethanol being produced near all major agracultural processing facilities. The waste and cellulose matter could be converted to ethanol. Corn or sugar beets won't work. We will never be able to grow enough for our energy needs, plus we would destroy our soil more than we already have. Ethanol will be the future in the short run, but our needs will quickly surpass our production. Countries like Brazil will be the furture of prosperity. Forward-thinking and flexible.
I have always believed a capitalist economy will fix itself via supply and demand and free market. But we have globalized our economy to relay on non-capitalist, shady countries and cheap oil. After PO, our economy will decline so fast that private enterprise will not have the time to develop solutions before our economy crashes. Eventually it will, but our current standard of living is bound to change in the near future and I believe will take at least 30-50 years to recouperate.
In a localized, self-sustaining economy we would be fine. Our great leaders have decided it is better to give us inexpensive goods so we can buy $39 DVD player and other crap we don't need. Because of this and our greed, we cannot support our own economy. We have lost almost all of our steel factories, timber, concrete, and manufacturing. It is cheaper to get it done elsewhere. We do have high paying technical jobs, but who the hell is going to care about the next version of Windows or the new iPod if they cant work or feed their families.
The so called jobs that American won't do, will soon be fought for. We are filling our work force with willing, hard wroking immigrants because we are too lazy to get off our fat asses and work. We would rather go to the movies, play a video game, or smoke a bowl than pursue the American dream by hard work. Immagrants are hungry and poor, so they will work. But when we need these jobs int he near future, good luck getting them back.
If you think you can continue to plant for 3 centuries with our increasing food and energy needs, you are mistaken. The middle east used to be Mesopotamia and the "Fertile Cresent". Look at it now. Look at the dust bowl in the midwest. Our commercial agriculture has far less nutrience in it htan it did 60 years ago. Just compare a free-ranged egg to a commercial egg. The commercial egg can barely be flipped in a pan without breaking and the yolk is much more plae compare to the firmness and deep yellow of a free-ranged egg. Since farmers are barely making ends-meet, they produce their land as much as they can. Yes they do rotate it and try to replenish the nutrience with ferilizers (i.e. oil), but the soil is much less fertile than it was in the mid-1900's. When the soil is less fertile, the crops have less nutrients, and that gets passed to our livestock and us.
Unfortunately I think a self-sustaining lifestyle or a totalitarian government are the only answer. I am a conservative Libertarian so I don't like my last conclusion. For me there is only one answer. I am 31 so by that time I will be done. All I care about now is my families future and well being. Hopefully we are all wrong, and the worst thing to happen being prepared with a nice self-sustaining summer cabin.
If anyone has any questions about the oil companies, I would be happy answer what I know. One big misconception is we set the prices or cut production. The commodities market and day traders in oil futures on Wall Street set the prices. We are pumping as fast as possible especially with oil at $75 a barrel. Wouldn't everyone want to sell more product when it is at an all time high? Of corse, but our production peaked on the North Slope around 1990 at 2 million BPD. Now we only pump 800k BPD. When they start the gas pipeline, crude production will almost stop due to the loss of ground pressure needed for the hard recoverable crude we now pump.
Damn, I going to go listen to some "happy music" to cheer up. Good day to all.