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"Peak Oil is a Scam" Article

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"Peak Oil is a Scam" Article

Unread postby james11 » Sun 15 Oct 2006, 15:25:01

{Old news moved to open forum by MQ}


Just registered as a member but have been reading here for a while.
This is a great site, just wondering what some of you thought of this article. Sorry if this has been posted before.

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Re: Peak Oil Scam Article

Unread postby NEOPO » Sun 15 Oct 2006, 15:34:23

I think they spared no expense on that beauty ;-)

Just more oil smoke and mirrors ;-)
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Re: Peak Oil Scam Article

Unread postby Last_Laff » Sun 15 Oct 2006, 16:24:16

Keep looking for any article that is at least a year recent!

It's written in 2004... the "news" isn't current.
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Re: Peak Oil Scam Article

Unread postby jato » Sun 15 Oct 2006, 19:01:55

$this->bbcode_second_pass_quote('', '
')The Peakers claim that 'Peak Oil' is the single most important issue that we are facing today. I agree with that assessment (but not because 'Peak Oil' is a valid concept).


Hmmmm.....



IMO to successfully debunk Peak Oil, the USA would need to bring oil production back up to pre-1971 levels.
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Re: "Peak Oil is a Scam" Article

Unread postby AgentR » Sun 15 Oct 2006, 20:22:04

There's really two pieces though, so debunking can be attempted in multiple ways.

1)production..

Show that world oil production has not peaked.


2)economic effect of the peak

assert that a reduction of available, affordable liquid energy will cause only smooth adaptation, and not crash.

Argument 1, I don't pay any attention to at all, since its a finite quantity being extracted at a certain positive rate, therefore there exists a maximal rate at some point in time. So if its not in 2006, it might be in 2060; don't know, don't care. At some point, oil production peaks, and that objection is moot.

Argument 2, is much more interesting. Lots of different ways things can happen, are we already at the beginning of an engineered decline of the American Standard of Living, are we already 30 years into it, with the results being forstalled by double-income middle class families? Do the governments work to inflate the price of oil artificially so as to apply artificial adaptation pressure? Or will we suppress the price and run till we look down and notice that we've already driven off the cliff?

I know I can construct a way down that doesn't go splat. I'm sure it'd get me impeached, but thats a different story. Are the powers attempting just such a thing, but doing it only as fast as they can get away with? Are they crazy, or do they know something about Florida that we don't know?
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Re: "Peak Oil is a Scam" Article

Unread postby MonteQuest » Sun 15 Oct 2006, 21:27:37

$this->bbcode_second_pass_quote('McGowan', '')$this->bbcode_second_pass_quote('', '[')b]Large oil reserves found
Luis Ramirez Corzo, Pemex's director for exploration, told EL UNIVERSAL that on a "conservative" estimate, almost 54 billion barrels lie underneath the oilfields.

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No new fields over 500 million barrels? How about the 45 billion new barrels sitting in the Gulf of Mexico, right in our own backyard?

Or maybe the Peakers will claim that the oil doesn't even exist -- that Mexico, like Saudi Arabia, is lying about increased levels of reserves. There seems to be a lot of that sort of lying going around these days.


How about if Mexico confirms that it doesn't exist?

From the same source as quoted by McGowan:

Pemex: Reserves overestimated

$this->bbcode_second_pass_quote('', 'A')ccording to a new study published on Sunday by state oil monopoly Petroleos Mexicanos, the potential for oil exploration in the Gulf of Mexico has been greatly overestimated.
Petroleos Mexicanos, or Pemex, revealed that terrain in waters deeper than 3,000 meters in the Gulf of Mexico an area known as the Abyssal Plain were "not suitable for oil exploration." The statement represents a serious setback for future drilling in the area, and, according to petroleum analysts, jeopardizes any possible collaborations with foreign investors.

Guillermo Perez Cruz, head of Pemex's Special Unit for Deep Water Oil Exploration, said the new report reduced previous oil estimates in the zone by 53 percent.

Pemex had initially earmarked a possible 54 billion barrels of oil that could be drilled from the area. With that figure now cut in half, Perez Cruz says, exploration becomes economically unviable.


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