[clueless]

$this->bbcode_second_pass_quote('', '[')b]'PLUNDERED PETROLEUM'? SOMEONE'S STEALING, BUT NOT THE U.S.
Friday, September 15, 2006, By David Asman, Fox News::
The latest hogwash coming from the mouths of Islamic terrorists is that we are stealing Middle East oil. Al Qaeda’s number two, Ayman al-Zawahiri, came out with a video in which he exhorts fellow terrorists to “stop the theft of Muslims' plundered petroleum.”
Maybe we should simply agree to ignore anything coming out of the mouths of these creeps. I could live with that. But since terrorist claptrap does occasionally get re-circulated, let’s nip this one in the bud.
Let’s start with Saudi Arabia, since that’s where Usama bin Laden is from and that’s the country Al Qaeda’s most interested in taking over. Here’s news: Saudi Arabia still has lots of oil. The country has about one-fourth of the entire world’s proven oil reserves. That’s why bin Laden wants it.
And while oil has gone down in recent weeks, it still costs the Saudis just $2 a barrel to pump it out of the ground. Even if oil goes down to $50 a barrel from its July high of $78, they’re still getting an awful lot of our money for something that costs them next to nothing.
So who’s stealing from whom, Mr. Zawahiri?

[Tyler_JC]

If we have 1.2 trillion barrels of conventional oil left...we are at the midpoint of production for light sweet crude and WTI.

The other 3.5 trillion will cost a lot more per barrel.

Why don't the FoxBusiness.Com people understand business??

If the cost of manufactoring (pumping in this case) goes up dramatically, the cost to the consumer will be higher.

So I guess this is big news. Fox has just admitted that we have reached the end of cheap oil.

[shortonoil]

$this->bbcode_second_pass_quote('', 'C')an someone email this clown ? And who is this guy anyway ?

[qwerty]

$this->bbcode_second_pass_quote('clueless', '[')url=http://www.foxnews.com/story/0,2933,214062,00.html]Asman Observer[/url]

Can someone email this clown ? And who is this guy anyway ?

[joewp]

$this->bbcode_second_pass_quote('qwerty', '
')My fucking lord, how stupid can people get???

[Fergus]

$this->bbcode_second_pass_quote('joewp', '')$this->bbcode_second_pass_quote('qwerty', '
')My fucking lord, how stupid can people get???

[Concerned]

$this->bbcode_second_pass_quote('clueless', '
')
In the entire history of the world, human beings have produced about one trillion barrels of oil. That leaves about 4.7 trillion barrels left. So what’s the problem? Well, “only” 1.2 billion barrels of oil can be pumped the old-fashioned, cheap way. The other 3.5 trillion barrels will have to be “pumped” out of tar sands, shale and other sources that are much harder to get at...

[fafhrd]

$this->bbcode_second_pass_quote('clueless', 'S')o what’s the problem? Well, “only” 1.2 billion barrels of oil can be pumped the old-fashioned, cheap way.

[thylacine]

The press (in Australia at least) seems to be currently awash with stories that are specifically trying to talk down or disprove Peak Oil, or are aimed at conveying good news on oil/energy. It certainly feels like we are being bombarded with propaganda: don't worry, be happy, consume, consume - it's all going to be OK.

A few of the items I've noticed in the last couple of weeks:

Exxon Mobil CEO in Australia talking down PO theory - we apparently have 3+ trillion barrels left. His numbers were largely drawn from the USGS - so he must be right!

GM's hydrogen car.

Large drops in oil price and predictions that we're headed back below $50 a barrel (don't go selling the V6 just yet).

Numerous articles on biofuels.

Billions of barrels in the Gulf of Mexico. The depth of the oil and the vagueness of the resource size are usually mentioned briefly towards the end.

Even the news that Uncle Fidel will soon be awash in oil. Although, this was probably Hugo Chavez talking out of his arse at the Non-aligned Movement love in.

[NEOPO]

why dont you email him Less.

Remind him that Jesus loves him and such

[Niagara]

9 out of 10 people I speak with fail to grasp the peak oil concept.

Everyone thinks in terms of total reserves remaining, not a bell-curve peak then DECLINE in production.

It seems the MSM has been plastered with articles lately trying to debunk PO. All of them completely miss the issue.

I'm baffled. What part of 'peak oil' is so hard to understand?

[TommyJefferson]

> "What part of 'peak oil' is so hard to understand?"

It's not a matter of understanding. People don't want to accept the implications.

I mentioned Peak Oil to the lunatics here:

http://www.baptistboard.com/forumdisplay.php?f=10

They are having none of it!

:edit to fix mistake.

[TommyJefferson]

From a thread on baptistboard:
http://www.baptistboard.com/showthread.php?t=33510

-------------

"There is a theory that there is a process inside the earth that continually manufactures oil. When I was in school we were told that dead plants became oil and dead dinasuars became oil. Didn't believe it then. Don't believe it now. How does the oil get 15,000 feet down?"

----------------

"Because dinosaurs would dig way down in the ground and make a nest to die in."

---------------

"Perhaps they were buried, say, in a world-wide flood ?"

-----------------

"Or, since carbon and hydrogen are two of the most abundant elements in the universe, oil has little to do with dead dinosaurs."

------------------

"Abdullah Jumah, the chief executive of Saudi Aramco. It gives the following info: Proven reserves at the moment: 1.2 trillion bbls.

Therefore, we have only extracted 18% of the oil that is available. And at the current rate of consumption this oil would last for another 140 years.

In 1960 proven reserves were only 670 billion bbls. Today proven reserves stand at 1.2 trillion bbls. We keep finding more oil than we are consuming on this earth.

As usual the "Chicken Little" crowd is wrong."

[Concerned]

$this->bbcode_second_pass_quote('Niagara', '9') out of 10 people I speak with fail to grasp the peak oil concept.

Everyone thinks in terms of total reserves remaining, not a bell-curve peak then DECLINE in production.

It seems the MSM has been plastered with articles lately trying to debunk PO. All of them completely miss the issue.

I'm baffled. What part of 'peak oil' is so hard to understand?

[Windmills]

Only 4.7 trillion? Aren't there hydrocarbons on other planets? What about the gas giants and Venus? Surely we should include those in our reserves. I can only guess at what the numbers would be like then. Fifty trillion? Quadrillions?

[mjdlight]

$this->bbcode_second_pass_quote('TommyJefferson', 'F')rom a thread on baptistboard:
http://www.baptistboard.com/showthread.php?t=33510

-------------

"There is a theory that there is a process inside the earth that continually manufactures oil. When I was in school we were told that dead plants became oil and dead dinasuars became oil. Didn't believe it then. Don't believe it now. How does the oil get 15,000 feet down?"

----------------

"Because dinosaurs would dig way down in the ground and make a nest to die in."

---------------

"Perhaps they were buried, say, in a world-wide flood ?"

-----------------

"Or, since carbon and hydrogen are two of the most abundant elements in the universe, oil has little to do with dead dinosaurs."

------------------

"Abdullah Jumah, the chief executive of Saudi Aramco. It gives the following info: Proven reserves at the moment: 1.2 trillion bbls.

Therefore, we have only extracted 18% of the oil that is available. And at the current rate of consumption this oil would last for another 140 years.

In 1960 proven reserves were only 670 billion bbls. Today proven reserves stand at 1.2 trillion bbls. We keep finding more oil than we are consuming on this earth.

As usual the "Chicken Little" crowd is wrong."

[clueless]

$this->bbcode_second_pass_quote('', 'w')hy dont you email him Less.

Remind him that Jesus loves him and such

[clueless]

$this->bbcode_second_pass_quote('', '"')Because dinosaurs would dig way down in the ground and make a nest to die in."

---------------

"Perhaps they were buried, say, in a world-wide flood ?"

[KenSolar_com]

$this->bbcode_second_pass_quote('Tyler_JC', '.').Fox has just admitted that we have reached the end of cheap oil...