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Peak Oil
http://www.theoildrum.com/node/4019 "Robert Hirsch, author of Peaking of World Oil Production: Impacts, Mitigation, and Risk Management (a.k.a. the Hirsch Report), appeared on CNBC this morning. He said flat out that new technologies and new drilling won't solve the peak oil problem, and that we should expect $12-15/gallon gasoline followed by rationing." -- http://911research.wtc7.net Here's what happens to steel framed buildings exposed to raging infernos for hours on end. http://911research.wtc7.net/wtc/anal...are/fires.html http://davesweb.cnchost.com/nwsltr69c.html On 9-11-01, WTC7, a 47 story steel framed building, which had only small, random fires, dropped in perfect symmetry at near free fall speed as in a perfectly executed controlled demolition. http://911research.wtc7.net/talks/wtc/videos.html Ever wonder who benefits from the 700 MILLION U.S. taxpayer dollars spent each DAY in Iraq? http://www.commondreams.org/views04/0223-08.htm http://www.corpwatch.org/article.php?list=type&type=21 "They are waging a campaign of murder and destruction. And there is no limit to the innocent lives they are willing to take... men with blind hatred and armed with lethal weapons who are capable of any atrocity... they respect no laws of warfare or morality." -bu$h describing his own illegal invasion of Iraq. http://www.robert-fisk.com/iraqwarvictims_mar2003.htm http://www.commondreams.org/ http://thirdworldtraveler.com/ "Our lives begin to end the day we become silent about things that matter." -- Martin Luther King Jr. "To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." -- Theodore Roosevelt (1918) Don't let Bush do to the United States what his very close friend and top campaign contributor, Ken Lay, did to Enron... |
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#2
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Peak Oil
Henry wrote:
> > http://www.theoildrum.com/node/4019 > > "Robert Hirsch, author of Peaking of World Oil Production: > Impacts, Mitigation, and Risk Management (a.k.a. the > Hirsch Report), appeared on CNBC this morning. He said flat > out that new technologies and new drilling won't solve the > peak oil problem, and that we should expect $12-15/gallon > gasoline followed by rationing." Does that mean I should keep my Virago 250? What about all the people who have bought the big SUV's? These monsters are still selling around here; I see lots of new ones. SQ |
#3
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Peak Oil
In article >,
Henry > wrote: > "Robert Hirsch, author of Peaking of World Oil Production: > Impacts, Mitigation, and Risk Management (a.k.a. the > Hirsch Report), appeared on CNBC this morning. He said flat > out that new technologies and new drilling won't solve the > peak oil problem, and that we should expect $12-15/gallon > gasoline followed by rationing." How come the peak oil people act just like the tinfoil hat people did 10 years ago? Are they just as crazy? Or just as stupid? -john- -- ================================================== ==================== John A. Weeks III * * * * * 612-720-2854 * * * * * Newave Communications * * * * * * * * * * * * http://www.johnweeks.com ================================================== ==================== |
#4
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Peak Oil
On 2008-05-22, Henry > wrote:
> > http://www.theoildrum.com/node/4019 > > "Robert Hirsch, author of Peaking of World Oil Production: > Impacts, Mitigation, and Risk Management (a.k.a. the > Hirsch Report), appeared on CNBC this morning. He said flat > out that new technologies and new drilling won't solve the > peak oil problem, and that we should expect $12-15/gallon > gasoline followed by rationing." There is no shortage of oil. None. Zero zip. Put in an order with the saudi's they will sell you as much as you can buy. The scarcity is artifical. The main reason for the price increase is the dollar. Here, some simple math. Oil used to be ~$30/bbl. Now it's ~$130/bbl. The euro used to be ~85 cents. That's 35 euro/bbl then. Now a euro is ~$1.58. That's 82 euro/bbl. Oil in euro terms is only 2.34X while in dollars it is 4.33X. Now in terms of gold, because the euro inflates too, oil isn't that much different. http://www.kitco.com/ind/saville/may022006.html And silver: http://www.itulip.com/images/OilvsSi...03-2006-25.gif As of today's close, 1960s 90% silver US coin, $0.35 face is worth $4.55. Gasoline is still less than 35 cents a gallon in US constitutional money. Peak oil is a fraud. High prices are due to fiat money. There are no shortages, there is no production supply problem of any significance. Oil companies continue to increase their reserves faster than sales. |
#5
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Peak Oil
Followup-To set to rec.motorcycles.
On Wed, 21 May 2008 20:23:43 -0500, John A. Weeks III wrote: > How come the peak oil people act just like the tinfoil hat people did 10 > years ago? Are they just as crazy? Or just as stupid? Even if they are wrong today, they are doomed to be right before long. We just aren't making any new oil, and we won't be any time soon, in any quantity that matters. -- Kenneth P. Turvey > |
#6
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Peak Oil
In article >,
Brent P > wrote: > On 2008-05-22, Henry > wrote: > > > > http://www.theoildrum.com/node/4019 > > > > "Robert Hirsch, author of Peaking of World Oil Production: > > Impacts, Mitigation, and Risk Management (a.k.a. the > > Hirsch Report), appeared on CNBC this morning. He said flat > > out that new technologies and new drilling won't solve the > > peak oil problem, and that we should expect $12-15/gallon > > gasoline followed by rationing." > > There is no shortage of oil. None. Zero zip. Put in an order with the > saudi's they will sell you as much as you can buy. > > The scarcity is artifical. The main reason for the price increase is the > dollar. > > Here, some simple math. Oil used to be ~$30/bbl. Now it's ~$130/bbl. The > euro used to be ~85 cents. That's 35 euro/bbl then. Now a euro is > ~$1.58. That's 82 euro/bbl. Oil in euro terms is only 2.34X while in > dollars it is 4.33X. Now in terms of gold, because the euro inflates > too, oil isn't that much different. > > http://www.kitco.com/ind/saville/may022006.html > > And silver: > > http://www.itulip.com/images/OilvsSi...03-2006-25.gif > > As of today's close, 1960s 90% silver US coin, $0.35 face is worth > $4.55. Gasoline is still less than 35 cents a gallon in > US constitutional money. > > Peak oil is a fraud. High prices are due to fiat money. There are no > shortages, there is no production supply problem of any significance. > Oil companies continue to increase their reserves faster than sales. Nope. Not true, Brent. My father's a petroleum geologist and he confirms it. Keynesian economics only works where resources are plentiful; what you're proposing is just wishful thinking. -- Timberwoof <me at timberwoof dot com> faq: http://www.timberwoof.com/motorcycle/faq.shtml Ten Steps to Fascism: http://www.guardian.co.uk/usa/story/0,,2064157,00.html |
#7
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Peak Oil
In article >,
"John A. Weeks III" > wrote: > In article >, > Henry > wrote: > > > "Robert Hirsch, author of Peaking of World Oil Production: > > Impacts, Mitigation, and Risk Management (a.k.a. the > > Hirsch Report), appeared on CNBC this morning. He said flat > > out that new technologies and new drilling won't solve the > > peak oil problem, and that we should expect $12-15/gallon > > gasoline followed by rationing." > > How come the peak oil people act just like the tinfoil hat > people did 10 years ago? Are they just as crazy? Or just > as stupid? What do you mean? The peak oil people I know have presented their research with plenty of past examples that prove their hypothesis and methods correct. It's sound science, if you'd just look into it. Look the first peak-oil nutcase presented his bad news in the 1950s ... and was proven right earlier than he predicted. And all the principles of peak oil get proven over and over at oil fields all over the world. There's only so much and you can get it out only so fast. If you try to get it faster, you'll end up getting less out. Remember the famous oil gushers of the early 20th century? They were all tapped out within a year. Had they limited production, more oil would have been recoverable. So how come you're acting like the creationists? Are you just as crazy, or just as stupid? -- Timberwoof <me at timberwoof dot com> faq: http://www.timberwoof.com/motorcycle/faq.shtml Ten Steps to Fascism: http://www.guardian.co.uk/usa/story/0,,2064157,00.html |
#8
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Peak Oil
In article <ni3Zj.155692$rd2.78167@pd7urf3no>, Sean_Q_ >
wrote: > Henry wrote: > > > > http://www.theoildrum.com/node/4019 > > > > "Robert Hirsch, author of Peaking of World Oil Production: > > Impacts, Mitigation, and Risk Management (a.k.a. the > > Hirsch Report), appeared on CNBC this morning. He said flat > > out that new technologies and new drilling won't solve the > > peak oil problem, and that we should expect $12-15/gallon > > gasoline followed by rationing." > > Does that mean I should keep my Virago 250? Yeah, keep it until it's uneconomical, and then scrap it. > What about all the people > who have bought the big SUV's? These monsters are still selling around > here; I see lots of new ones. Basically, they're ****ed. They will eventually have to scrap their fatmobiles. -- Timberwoof <me at timberwoof dot com> faq: http://www.timberwoof.com/motorcycle/faq.shtml Ten Steps to Fascism: http://www.guardian.co.uk/usa/story/0,,2064157,00.html |
#9
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Peak Oil
On Wed, 21 May 2008 20:30:18 -0500, Brent P wrote:
> Peak oil is a fraud. High prices are due to fiat money. There are no > shortages, there is no production supply problem of any significance. > Oil companies continue to increase their reserves faster than sales. Yup. The price of oil is rising because the price of oil is rising. There is no other reason. The good news about price bubbles is that they eventually break. |
#10
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Peak Oil
Followup-to: set to rec.motorcycles.
On Wed, 21 May 2008 21:19:02 -0700, Timberwoof wrote: > Nope. Not true, Brent. My father's a petroleum geologist and he confirms > it. Keynesian economics only works where resources are plentiful; what > you're proposing is just wishful thinking. I disagree with him on the basic point. Oil supply isn't unlimited. That doesn't mean that our currency isn't part of the problem. To buy a 1913 dollar will cost you $22.00 today. This is the fault of fiat money to a large degree. -- Kenneth P. Turvey > |
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