Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: glenn_a who wrote (19708)	10/9/2004 2:18:44 PM
From: NOW	Read Replies (1) \| Respond to of 110194

thanks Glenn; you are quiet lately

To: glenn_a who wrote (19708)	10/9/2004 2:49:32 PM
From: Les H	Read Replies (3) \| Respond to of 110194

"I will name Vice President Richard Cheney as the prime suspect in the mass murders of 9/11 and will establish that, not only was he a planner in the attacks, ..." fromthewilderness.com wonder why this and other crackpot claims aren't included in the summary on Amazon.

To: glenn_a who wrote (19708)	10/9/2004 5:10:55 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

there are a lot of good peak-oil books out this year. kind of like the new generation of these books, the first ones coming out in the aftermath of America's disastrous attempt to colonize Iraq. also check out Julian Darley's "High Noon for Natural Gas" and Richard Heinberg's "PowerDown"

To: glenn_a who wrote (19708)	10/10/2004 5:33:52 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

Key points of Micheal Ruppert's oil presentation in SF: It appears that the year 2007 will be important. A new study published in Petroleum Review suggests that production might not be able to keep up with demand by 2007. The study is a survey of mega projects(those with reserves of over 500 million barrels) and the potential to produce over 100,000 barrels per day of oil). Mega projects are important not only because they provide the bulk of world oil production, but also because they have a better net energy profile than smaller projects, and they provide a more substantial profit than smaller projects. Bear in mind that the planet consumes a billion barrels of oil (or two mega fields) every eleven and one half days. The discovery rate for mega projects has dwindled to almost nothing. This can be seen in the data for the last few years. In 2000, there were 16 discoveries of over 500 mb; in 2001 there were only 8 new discoveries, and in 2002 there were only 3 such discoveries. From first discovery to first production generally takes about 6 years. If the new project can make use of existing infrastructure, then the start up time might be cut to 4 years. New mega projects coming on stream: 2003 - 7 2004 - 11 2005 - 18 2006 - 11 2007 - 3 2008 - 3 2009 - zero 2010 - zero And any new mega project sanctioned now could not possible comeon stream any sooner than 2008. The study points out that currently about a third of the world's oil production comes from declining fields, with a likely overall decline rate of about 4%. As a result, global production capacity is contracting by over 1 million barrels per day every year. New production is the only thing offsetting this decline.