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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (22634)	3/13/2005 2:44:22 PM
From: sea_urchin	Respond to of 81188

Phil > If this guy knows about Russia's secret 40,000 ft. drilling, and the CIA knows about it, why haven't the major western oil companies drilled some wells in the States and elsewhere? I think it is wishful thinking, oil without end, abundant energy forever. It would be great. I can't answer that but I can speculate that it is not in the vested interest of the oil companies that the idea of "oil without end" is made public. Indeed, the enormous profits that the oil companies make year after year are predicated on the idea that the public is prepared to pay, and pay through the nose, for the oil. Likewise, the American public is prepared to sanction, in their guts if not in their mouths, the military occupation of a country/countries which has/have done nothing to harm the US. I'm certain it's only because they feel (wrongly, as it happens) that the US is getting the oil for free. In fact, the glorious history of the US is about how the good guys, the God-fearing guys, deservedly took the land from the bad guys. Then it was cowboys and Indians, now it's cowboys and Muslims. Nothing's changed. > ...gas fields which were once extremely sour (H2S), and contained much liquid hydrocarbons, are measurably being depleted. The amount of depletion is calculated for each well on a monthly basis. I won't go into any details about how this is done. You seem very knowledgeable so I won't/can't argue but I understood the idea was that the wells had to be very deep, in fact, far deeper than most Western wells are. > Serious people betting real money are paying an increasingly big price for future delivery of oil. No doubt about that. The rense article draws the analogy to diamonds, another apparently "rare" resource with is actually abundant. In fact, I had worked out the myth about diamonds myself years ago and the secret that the price of diamonds was simply the result of smart marketing and supply restriction. > The argument that the war is being sold as a necessity to grab the available oil is not one that I have heard, just the opposite, continual denial that it had anything at all to do with oil Can one believe ANYTHING coming from the US government? WMDs? Democracy? Terrorism? > Maintaining the myth of scarcity, you see, is all important. Without it, the house of cards comes tumbling down Yes, that's the story and, so far, it has paid off handsomely. > We can only speculate about the game the oil cartel is playing, and why they wouldn't want the highest absolute price they can get for oil. In time they'll get it. If the price rises too quickly, as in the 1970s, that causes an "oil shock" and consequent energy substitution. So the oil companies have to raise the temperature of the water slowly enough that the frogs don't perceive they will shortly be boiled. > I can only suggest that the broader market hates resource or commodity companies, including oil, and is forever trying to talk down the price of oil to support the main economic activities and vociferously groans every time it inches up I don't know about hate but the share prices of commodity companies are notoriously more volatile than those of industrial and commercial ones. > Then the buyers, who are spending enormous wealth to acquire oil must be totally ignorant It doesn't matter what they think -- they have to have it. Just like drugs. And if they think they are being ripped with the oil price they needn't buy it. Then they can walk to work or go on bicycles. > The origin of oil is indeed interesting and I also could not believe the "dinosaur" theory, but the "cabbage" one seems more plausible. And even if it is being somehow mysteriously continuously produced "abiotically", we are taking it out faster than it is produced. Maybe? But they are not going to tell us the truth. > OPEC has reached its production limits. It doesn't have much production capacity Did anyone expect anything else? Meanwhile, the US will keep up the pressure on Iran if, for no other reason, than the threat of war will crank up the oil price. > My advise: Do not go out and buy a new big ass V8 SUV. And just to show you that you're wrong, they'll drop the oil price next week.

To: philv who wrote (22634)	3/14/2005 1:59:02 AM
From: Raymond Duray	Respond to of 81188

phil, Listening to Joe Vialls on deep drilling projects seems to be more than a bit barmy. I prefer to read real experts, such as petroleum geologist Ken Deffeyes, Professor emeritus of Princeton University. Ken has written a layman's book called "Hubbert's Peak" and he has an extremely lucid discussion about deep well drilling. tinyurl.com Deffeyes points out that the temperature/pressure horizon where almost all crude oil deposits end and only natural gas deposits continue is at about 15,000 feet. Below that level, and temperature and pressure tend to knock apart the complex and large hydrocarbon molecules that make up the decane series and the larger bitumen molecules. Joe Vialls seems to be an excellent fiction writer. I used to get suckered in with some of his tall tales and wild conjectures. Today, I certainly regard his work as being suspect. Re: If this guy knows about Russia's secret 40,000 ft. drilling, Deffeyes also mentions Russian deep drilling. Vialls really lays it on thick about how secret this activity was. That is to say, it was known about because it was undertaken as a scientific exploration. Deffeyes reports that no economically viable results were obtained.