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PO denied in Congressional hearing on Big Oil Profits

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PO denied in Congressional hearing on Big Oil Profits

Unread postby PeakingAroundtheCorner » Tue 01 Apr 2008, 15:22:41

Hoffmeister said the PO theory is flawed because it doesn't take into account oil from "unconventional sources". He also says that the entire industry is moving forward with their plan to achieve 100 million barrels of production per day by 2020 ( I think, but might've been 2030 ).

Complete and total denial - both of Peak Oil and of any future supply issues.

View the hearing live at CSPAN
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby PeakingAroundtheCorner » Tue 01 Apr 2008, 15:48:26

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', 'H')offmeister said the PO theory is flawed because it doesn't take into account oil from "unconventional sources". He also says that the entire industry is moving forward with their plan to achieve 100 million barrels of production per day by 2020 ( I think, but might've been 2030 ).

Complete and total denial - both of Peak Oil and of any future supply issues.

View the hearing live at CSPAN


Uhhhh...Am I the only person on this board that watched a Cogressional hearing attended by the CEO/Execs of the five Big Oils?
Last edited by PeakingAroundtheCorner on Tue 01 Apr 2008, 15:52:33, edited 1 time in total.
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby UncoveringTruths » Tue 01 Apr 2008, 15:49:56

Same shit different year!
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby PeakingAroundtheCorner » Tue 01 Apr 2008, 15:51:43

$this->bbcode_second_pass_quote('UncoveringTruths', 'S')ame shit different year!


I guess you've got a point there... :(
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby Grifter » Tue 01 Apr 2008, 15:55:53

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '')$this->bbcode_second_pass_quote('UncoveringTruths', 'S')ame shit different year!


I guess you've got a point there... :(


With each year that goes by, surely it gets more difficult to deny.
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby Cashmere » Tue 01 Apr 2008, 16:28:36

Dispute, not deny.

It can never be denied until it beyond dispute, and it will never be beyond dispute.

I believe and live my life on a daily basis believing that we have just passed or will soon pass peak oil.

Those who disagree with me are not "deniers", they are people who disagree with me.

To call them deniers is to imply that we can't be wrong about this.
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby mos6507 » Tue 01 Apr 2008, 16:51:26

$this->bbcode_second_pass_quote('Cashmere', '
')To call them deniers is to imply that we can't be wrong about this.


Get over it.
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby Valdemar » Tue 01 Apr 2008, 17:00:50

$this->bbcode_second_pass_quote('Cashmere', 'D')ispute, not deny.

It can never be denied until it beyond dispute, and it will never be beyond dispute.

I believe and live my life on a daily basis believing that we have just passed or will soon pass peak oil.

Those who disagree with me are not "deniers", they are people who disagree with me.

To call them deniers is to imply that we can't be wrong about this.


That's a lot of fancy semantics amounting to naught. They're deniers, any which way you cut it. To deny a basic principle such as a finite resource running out could probably be more accurately labelled "retarded".
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby catbox » Tue 01 Apr 2008, 17:11:31

They just wanna keep those cars a running anyway they can!


I didn't watch....I won't pay for television.

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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby dinopello » Tue 01 Apr 2008, 17:14:28

Exxon says

$this->bbcode_second_pass_quote('', 'S')imon said his company, which earned $40 billion last year, had provided $100 million on research into climate change at Stanford University, but that current alternative energy technologies "just do not have an appreciable impact" in addressing "the challenge we're trying to meet."



Got that right! Wrong challenge is the problem here...:shock:
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby Cashmere » Tue 01 Apr 2008, 18:25:45

$this->bbcode_second_pass_code('', 'That's a lot of fancy semantics amounting to naught. They're deniers, any which way you cut it. To deny a basic principle such as a finite resource running out could probably be more accurately labelled "retarded".')

Oh, is that what we're about?

I didn't think our loyal opposition was arguing that we were not going to run out.

I thought their position was that we're not going to run out soon.

So, the way I cut it, they have the scientifically weaker position.

But, if a gun was held to my head, I certainly wouldn't claim, 100%, that I can't be wrong about this.
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby Valdemar » Tue 01 Apr 2008, 18:37:58

$this->bbcode_second_pass_quote('Cashmere', '
')
Oh, is that what we're about?

I didn't think our loyal opposition was arguing that we were not going to run out.

I thought their position was that we're not going to run out soon.

So, the way I cut it, they have the scientifically weaker position.

But, if a gun was held to my head, I certainly wouldn't claim, 100%, that I can't be wrong about this.


Maybe not geologically, but other factors are playing with this here. We've seen geo-political and other aspects of the global system hamper oil output, even when production could theoretically be higher. The purists may argue we've not hit peak until the wells hit their perfect, all time record pump rate and then decline. In reality, this isn't really useful given society can still feel the pain if the bottleneck is caused by geology or a tinpot dictator holding back oil for personal gain.

Personally, I only care about the end result, not how we get there. If we're having problems meeting demand now, who cares whether it's because Big Oil has run out of reserves we can use easily or if it's down to random guerilla movement A hitting oil field B?
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby FreddyH » Tue 01 Apr 2008, 20:46:31

$this->bbcode_second_pass_quote('Cashmere', 'S')o, the way I cut it, they have the scientifically weaker position.


Colin Campbell's first declaration that All Liquids had peaked already was back in 1989. Next year will be the 20th anniversary of these ludicrous pronouncements by McPeaksters and thus all credibility among Legislators has been lost.

The Avg of the 23 recognized forecasts of Peak Oil is 91-mbd in 2013 with a backdrop plateau to 2024. Congress rightfully still sees this as a problem for someone else's watch considering their present set of priorities...
www.TrendLines.ca/scenarios.htm Home of the Real Peak Date ... set by geologists (not pundits)
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby AirlinePilot » Tue 01 Apr 2008, 20:52:13

Freddy,

Its going to be funny to watch you back pedal when the first shortages arrive. I don't think we have a very long time to wait for it either.

23 studies from the same exact folks who claim there is no problem. Now why don't you see the issues with that?

Denial Indeed!
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby KillTheHumans » Tue 01 Apr 2008, 21:11:38

$this->bbcode_second_pass_quote('FreddyH', '')$this->bbcode_second_pass_quote('Cashmere', 'S')o, the way I cut it, they have the scientifically weaker position.


Colin Campbell's first declaration that All Liquids had peaked already was back in 1989. Next year will be the 20th anniversary of these ludicrous pronouncements by McPeaksters and thus all credibility among Legislators has been lost.



McPeaksters! Good one. A broken clock is right twice a day....sooner or later, some decade, some century, assuming Colin is still alive and kicking the can steadily down the road, a year at a time, he might be vindicated!!!

Not that it matters much no matter who is right, but I can see how funny it must be to watch him try and explain to reporters who undoubtedly remember the LAST time he declared the end of oil why they should listen to him when he declares the end of oil THIS time.
Freddy RULZ!

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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby FoolYap » Tue 01 Apr 2008, 21:13:49

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', 'U')hhhh...Am I the only person on this board that watched a Cogressional hearing attended by the CEO/Execs of the five Big Oils?


No TV here. :roll:

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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby shortonoil » Tue 01 Apr 2008, 21:22:37

FreddyH said:

$this->bbcode_second_pass_quote('', 'C')olin Campbell's first declaration that All Liquids had peaked already was back in 1989. Next year will be the 20th anniversary of these ludicrous pronouncements by McPeaksters and thus all credibility among Legislators has been lost.


Show me one document where Campbell ever stated “All Liquids”! Campbell has been talking about crude since day one. Anyway whether you like it or not Peak is here, and your pretty little charts aren’t going to put one more barrel into the market place.


RENEWED OIL EXPLORATION COMING UP SHORT

$this->bbcode_second_pass_quote('', 'S')ince 2000, oil companies working in the U.S. have doubled the number of wells drilled per year – with a glaring lack of results.


Image

Yea, the world is just overflowing with oil!!!

$this->bbcode_second_pass_quote('', 'O')il shale, despite all the hype, won’t be the magic bullet. Currently, U.S. oil shale is producing only a few thousand barrels a year from test projects, and ramping up from there faces enormous economic and environmental hurdles. It’s difficult to see how the Green River formation can be turned into the next Texas without putting a huge strain on the Colorado River, a major lifeline of water supply to America’s southwestern states.


$this->bbcode_second_pass_quote('', 'T')he Argonne National Laboratory estimates that 1 million barrels per day of new oil production from oil shale would consume up to 300,000 acre-feet of water per year. It would also require 1.2 gigawatts of electricity, the equivalent of 10 new power plants, plus five new coal mines to feed them. Eventually, high oil prices will drive the development of oil shale forward, but it will take decades, not years, to figure out the logistics of drawing oil from stone on an economical, mass production scale.


$this->bbcode_second_pass_quote('', 'H')ow long will it be before we hear the phrase ‘Peak Oil’ invoked by a U.S. President to emphasize the need for energy independence? The sooner it happens, the better. After all, the first step toward solving any problem is overcoming denial.
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby FreddyH » Tue 01 Apr 2008, 21:41:34

$this->bbcode_second_pass_quote('AirlinePilot', 'F')reddy, 23 studies from the same exact folks who claim there is no problem. Now why don't you see the issues with that?

Denial Indeed!


Included in the 23-model analysis are studies by Campbell of ASPO-Ireland, Laherrere of ASPO France, Koppelaar of ASPO Netherlands, Skrebowski, Husseini, Bauquis, Robelius & Matt Simmons.

And only one projects a Peak prior to 2010 (Simmons).

If over the past five years, i missed any works of interest within this compilation, please feel free to recommend them for this TrendLines list. Hubbert, Bakhtiari and EWG have been deleted due to obvious invalidation by subsequent extraction records: Image
www.TrendLines.ca/scenarios.htm Home of the Real Peak Date ... set by geologists (not pundits)
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby FreddyH » Tue 01 Apr 2008, 21:46:45

$this->bbcode_second_pass_quote('shortonoil', '[')b]FreddyH said:

$this->bbcode_second_pass_quote('', 'C')olin Campbell's first declaration that All Liquids had peaked already was back in 1989. Next year will be the 20th anniversary of these ludicrous pronouncements by McPeaksters and thus all credibility among Legislators has been lost.


Show me one document where Campbell ever stated “All Liquids”! Campbell has been talking about crude since day one. Anyway whether you like it or not Peak is here, and your pretty little charts aren’t going to put one more barrel into the market place.


Only Colin's 1991/96/97/98 studies were Regular Conv (crude) only. The others, incl 1989 are All Liquids:

Image
www.TrendLines.ca/scenarios.htm Home of the Real Peak Date ... set by geologists (not pundits)
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Re: PO denied in Congressional hearing on Big Oil Profits

Unread postby Starvid » Tue 01 Apr 2008, 22:48:11

A peak of 91 mbpd in 2013 sounds extremely reasonable to me. I feel the date is not terribly important. No matter how you measure time, we will peak "soon" or very soon. This is big enough to warrant attention, and swift action.

The big question mark is how swift the decline will be. Both on current fields, and when new production has been subtracted.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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