DoE-EIA figures underline one thing: the US is running out of oil, fast…

Adding refinery gains, lease condensate and even fuel ethanol (which needs more oil to produce than it economizes!) the DoE-EIA can show brave figures for the ever-declining domestic oil production of the USA — the real reason for Iraq war and the so sincere desire of Condy Rice to not quite yet bomb I-ran into ‘ray-jeem change’.

Or at least not until the US finds glorious Coalition Allies, preferably European, or runs out of patience — or oil.

Iran has a 74 million population that is very homogenous, quite well armed, and doesn’t like the USA for very valid historical reasons. Kermit Roosevelt, for example, ray-jeem changed I-ran away from democracy, quite a long time ago.

Why should Iran now, suddenly, take up Yankee-style mass consumer society fantasies and deliriums, called dee-mock-racy, the moment Condy babbles in the microphone?

The DoE-EIA figures underline one thing: the US is running out of oil, fast.

Forgetting the possible, undiscovered, reserve growth and undiscovered reserves before unknown technology progress (a quite new and mystical category of imaginary oil, added to pump up the numbers), the US has about 30 billion barrels of proven oil reserves and consumes 7.6 billion-per-year.

The world, too, isn’t so well off either.

According to the US DoE-EIA, world oil production hit 84.1 million barrels/day (Mbd) in November 2004. Stocks or inventories, on a worldwide base, were hardly shrinking at the time, so world oil demand was running very close to this awesome number. As shown by the same information source, or others such as IEA and BP Statistical Review, world oil demand at end-2001 was just scraping 76 Mbd … growth in 3 years was therefore 8 Mbd.

Most of this growth came in the years 2003-2004. Trend growth in those 2 years, if projected forward, will result in world oil demand attaining well over 93 Mbd by early 2008. 94 Mbd might be a better bet. This supply will not be there because the production capacity will not be there. Period.

Bombing Iran … or visiting Mars …will not change things, either.

Some US scientists, however, do argue for ‘huge reserves of helium-3 on Mars,’ which might in a few decades or centuries be used in presently 100% unworkable ’sustained fusion’ power reactors, after the trifling problem of transporting it back to Earth has been resolved.

In the meantime, bombing Iran attracts the weak minded and power crazed, lower IQ members of the ‘international community’ as a stop-gap solution.
After all, bombing Iraq resulted in a vast increase of Iraq’s oil exports, didnt it ?

Iran in fact is a piffling 13-month stop-gap in the unwinnable race to satisfy world oil demand growth. Say Iran was ‘persuaded’ … by bombing of course … to double its oil exports for its new colonial masters.

This would raise Iran’s exports from 3.5 Mbd to 7 Mbd.
This would cover little more than one, and one-only year’s growth of world oil demand at current trends.

By early 2008 the world ‘has to’ find, develop, prove and produce at least one new Saudi Arabia, or nearly two new Russias.

These do not exist. Period.