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.

Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (753)	6/14/2005 7:46:28 AM
From: Mahatmabenfoo	Respond to of 1183

"Translation from Arabic to English .. We're prepared to raise our production by 500,000 bpd .. How this will happen we're not sure as we are presently pumping all the light sweet crude we can .. If we scrounge around some we could produce some heavy sour crude, but we know you don't really want it and besides no refineries can handle any more sour as it is .." Thanks. I was thinking myself about just that part -- when he said the problem is the refineries, he meant he problem is the lack of refineries to process sour crude. Isn't that itself a concession of peak? We're getting down to the dirty stuff. Prsumably we'd used up the sweet wells and others that are only sour later. And perhaps some sweet crude wells have heavier sour stuff towards the bottom. [guessing] This is another sign that for whatever degree of conspiracies and lies and diabolical long range schemes by embittered former vaudevillian plate spinners, at least part of the peak oil situation is explained by the human capacity for stupidity and short range thinking. The need to eventually shift increasingly to sour refining must have been at least as obvious as depletion itself; you'd think the profit motive alone would have induced Shell or somebody to have made a deal with some nice little corruptable island state and set up to make yet another fortune with the sour refining capacity that nearly no one has. But I suppose this is great in a way. It implies a near term shortage while expensive sour refineries are being built during which there will be out of necessity a little less oil being used. Maybe someone will wake up during that interim. I am the raving lunatic among my friends (on the peak issue, I mean) and I am heartened to increasingly hear more stories from them about hearing a TV story or reading an article about it. I came to this story pathetically late, so my boasting rights are only by about 3 months or so. So far they're still a lot calmer, tho. :) - Charles ================ Dr. Natural: "Run to the hills!" [weeks later] Flakely Foont: "I'm back - there was nothing in the up there!" Dr. Natural: "You must of run to the wrong hills"