PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Sidney Reilly who wrote (211)	3/22/2005 11:21:15 PM
From: kryptonic6	of 1183

peak oil is just a con job on the public by Bush and the oil companies so they can get away with gouging us with gas prices from now on. That's a legitimate question. Let's consider that. So if the current shortages are artificial, how much recoverable oil actually exists and when will the REAL peak onset? What type of signals/factors will we experience as the REAL peak approaches, and how will they contrast from the effects of the "fake" peak that we're experiencing now? If peak oil is an artificial ploy, why has domestic U.S. production declined every year since the early 1970's (the date Hubbert accurately projected as the year of peak U.S. domestic oil production)? If abiotic oil theory is true, then why haven't we seen our domestic reserves being replenished over the last 35 years? Even if abiotic oil theory is true, are global reserves being replenished at a rate of 83mbpd (and 120mbpd by 2020)? If big oil was predicting a windfall of profits from this artificial peak oil scare, why have they spent the last decade merging and consolidating as if the industry is doomed? Oil companies make money from selling oil. If the ultimate recoverable reserve estimates of 2-2.2 trillion barrels are actually much higher, why have all the big oil industries slashed their exploration expenses and efforts in recent years? As part of the ploy to make it appear as if there aren't many major reserves left to be discovered? Has all oil production data been so thoroughly and convincingly doctored for so many years that it has fooled untold geologists, scientists, and scholars around the world (Deffeyes and Heinberg, for instance)? Most importantly, how do you explain the growing dichotomy between the amount of oil we're using and the amount we're discovering? Oil discovery peaked around 1962 and has declined every year since. A peak and permanent decline in discovery makes a peak and permanent decline in recovery inevitable. See: wolf.readinglitho.co.uk Is the discovery data juiced? How does the "peak oil is just a Bush/Oil company con job" theory mesh with all of this? Jesse

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