http://www.davesweb.cnchost.com/nwsltr70.htmlexcerpts:
This, my friends, is the harsh reality, so pay very close attention: the fact that 'Peak Oil' is an entirely manufactured construct does not mean that the doomsday scenarios painted by the 'Peak' crowd will therefore not become our new reality. This is not just another scam to further pad the pockets of the oil industry and other financial elites. The stakes are much higher than that. Much higher.
In order to clarify my position on 'Peak Oil,' it would be instructive to briefly review the areas of agreement, and the areas of disagreement, that I have with those who are selling the scam.
The Peakers claim that 'Peak Oil' is the single most important issue that we are facing today. I agree with that assessment (but not because 'Peak Oil' is a valid concept).
The Peakers claim that much of America's military might has been directed in recent years at conquering the key oil and gas producing regions of the world. And that is obviously quite true. Central Asia and Iraq have been seized, Venezuela has suffered through constant meddling by the CIA, the Sudan has been targeted for a future assault, and Saudi Arabia and Iran have been subjected to saber rattling.
But the Peakers also claim that these military ventures have been motivated by America's desire to seize what will soon be the last drops of the world's precious reserves of oil -- and that is entirely untrue.
The Peakers claim that we will very soon be facing a world where chaos reigns supreme -- a world of war, famine and death on a scale unknown in recorded human history. And that does, in fact, appear to be the case. And we're not talking about the distant future here, folks; we're talking about the very near future.
But the Peakers also claim that this global "die off" will be a regrettable, but quite natural, and entirely unavoidable, consequence of the world's oil taps running dry. And that is the really big lie. That is the lie that will very soon be used to rationalize the killing off of hundreds of millions, possibly billions, of the world's people. There are, you see, simply too many people in the world who, by merely being alive, are standing in the way of the aspirations of the global elite.
The people that the 'Peak Oil' pitchmen are fronting for are deadly serious about selling 'Peak Oil' to the masses -- and not just in theoretical terms, as a cynical ploy to raise prices and increase profits. No, it has become clear that the real goal is to actually cut off most of the world's oil supplies under the ruse that the oil simply no longer exists. The desired result is massive social unrest, widespread famine, and endless war. The majority of the world's people will not survive. Those that do will find themselves living under the overtly authoritarian form of rule that will quickly be deemed necessary to restore order. And if you think that we here in America are exempt, you are sadly mistaken.
In order to pull off this stunt, all the world's major oil producing regions must be solidly under the control of the U.S. and it's co-conspirators, otherwise known as 'allies.' In other words, the puppet-masters have to control all the major oil taps, so that they have complete control over the flow of oil -- or lack of it. And that, in a nutshell, is the real reason for America's recent military ventures. The goal, you see, is not to steal Iraq's oil, or the oil in the 'Stans, or in the Sudan, or in Venezuela, or anywhere else. We don't want to take their oil, because the truth is that we don't really need it (
http://www.oilandgasreporter.com/stories/090101/cov_opinions.shtml). What we want to do is sit on the taps so no one else can get to the oil.
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Saudi officials announced on April 28 that the Kingdom's estimate of recoverable reserves had nearly quintupled! (The article below says "tripled," but the math isn't that hard to do.)
Saudi Oil Is Secure and Plentiful, Say Officials
Tim Kennedy, Arab News
http://www.arabnews.com/?page=6§ion=0&article=44011&d=29&m=4&y=2004 WASHINGTON, 29 April 2004 — Officials from Saudi Arabia’s oil industry and the international petroleum organizations shocked a gathering of foreign policy experts in Washington yesterday with an announcement that the Kingdom’s previous estimate of 261 billion barrels of recoverable petroleum has now more than tripled, to 1.2 trillion barrels.
Additionally, Saudi Arabia’s key oil and finance ministers assured the audience — which included US Federal Reserve Chairman Alan Greenspan — that the Kingdom has the capability to quickly double its oil output and sustain such a production surge for as long as 50 years.
<...>
“Saudi Arabia now has 1.2 trillion barrels of estimated reserve. This estimate is very conservative. Our analysis gives us reason to be very optimistic. We are continuing to discover new resources, and we are using new technologies to extract even more oil from existing reserves,” the minister said.
Naimi said Saudi Arabia is committed to sustaining the average price of $25 per barrel set by the Organization of the Petroleum Exporting Countries. He said prices should never increase to more than $28 or drop under $22.
<...>
“Saudi Arabia’s vast oil reserves are certainly there,” Naimi added. “None of these reserves requires advanced recovery techniques. We have more than sufficient reserves to increase output. If required, we can increase output from 10.5 million barrels a day to 12 - 15 million barrels a day. And we can sustain this increased output for 50 years or more. There will be no shortage of oil for the next 50 years. Perhaps much longer.”
Note that the oil reserves claimed by Saudi Arabia alone (1.2 trillion barrels) exceed what the Peakers claim are the total recoverable oil reserves for the entire planet. Let's pause here for a minute and think about the significance of that: one tiny patch of land, accounting for less than than 1/2 of 1% of the earth's total surface area, potentially contains more oil that the 'Peak' pitchmen claim the entire planet has to offer! Is there not something clearly wrong with this picture?
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Meanwhile, Mexico, which also hasn't been reading the 'Peak' memos, recently announced the discovery of massive quantities of new petroleum reserves. The Peakers, as we all know, repeatedly claim that no new reserves of any consequence have been found for years. In fact, they go so far as to say that there are no new reserves to be found. In one recent collection of lies posted on the FTW website, Julian Darley writes: "Major oil discoveries have declined every year so that 2003 saw no new field over 500 million barrels ... It is well over twenty years since more oil was found than consumed in a year."
(
http://www.fromthewilderness.com/free/ww3/031704_two_planets.html)
Really, Mr. Darley? Are you sure about that? Let's check with the Mexican press to see if you are correct:
Three years of exploration has enabled Pemex to map oilfields that the state-owned oil monopoly believes will more than double the nation's known crude oil reserves. Luis Ramírez Corzo, Pemex's director for exploration, told EL UNIVERSAL that on a "conservative" estimate, almost 54 billion barrels lie underneath the oilfields. That would take Mexico's reserves to 102 billion barrels, more than the United Arab Emirates (which has reserves of 97.8 billion barrels), Kuwait (94 billion) and Iran (89.7 billion), and almost as much as Iraq (112.5 billion). The official also said the discovery could enable Pemex to increase Mexico's oil production from the current level of 4 million barrels per day (bpd) to 7 million bpd. Saudi Arabia currently produces 7.5 million bpd, while Russia's oil output is 7.4 million bpd. Ramírez Corzo said the exploration, at an investment of US 4.6 billion, led to the identification of seven separate blocks rich in oil and natural gas. The most promising blocks are under water in the Gulf of Mexico, thought to contain around 45 billion barrels.
(
http://www.el-universal.com.mx/pls/impreso/noticia.html?id_nota=6110&tabla=miami)
No new fields over 500 million barrels? How about the 45 billion new barrels sitting in the Gulf of Mexico, right in our own backyard? Isn't that just a tiny bit more than is "consumed in a year"?
Of course, the oil will not be easy to extract. Mexico will need some help, since it "lacks the technology for deep water pumping." And there is another problem as well: "there are territoriality issues with the United States and Cuba over the fields." In order to bring the oil to market, Mexico will need the cooperation of both the United States government and the major players in the oil industry. In other words, the newly discovered oil isn't going to be extracted any time soon, which is why the American media, and the 'Peak' crowd, haven't bothered to acknowledge its existence.
(
http://www.rigzone.com/news/article.asp?a_id=15958)
It will no doubt be determined that it is not economically feasible to extract the oil in the Gulf of Mexico. After all, Reuters has reported that, "Oil from deep-water reserves could cost $4 a barrel to extract, nearly double the cost of oil from shallow water." And we certainly can't expect any responsible corporation to shell out $4 a barrel to extract something that they can then trade for $50 a barrel, can we?
(continued)
http://www.davesweb.cnchost.com/nwsltr70.html
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