Corporate Media is distracting you from the MAJOR world story - Peak Oil

[cthrumatrix]

Peak Oil Around The Corner

Simmons and others believe that “peak oil” may soon be upon us. In his new book “Beyond Oil” geologist Kenneth S. Deffeyes believes that we may hit peak oil as soon as this November or early next year. Peak oil is reached when 50% of known supplies have been used up. From that point forward supplies begin to decline. The geologists believe that “peak oil” will arrive in this decade. Deffeyes believes it happens this year. We will know that it has arrived only though hindsight. What we do know is that there have been no major oil discoveries in the last 30 years. The last big discoveries were in Alaska in the late 60’s and the North Sea in the early 70’s. Both of these discoveries are now in decline.

All future oil demand projections are based on the belief that there will be new sources of supply to meet it. But is that view correct? Non-OPEC supply has been flat if not declining. The belief is that OPEC will be able to meet future demand needs. However, several OPEC producers are already past peak supply.


Large suppliers such as Venezuela, Iran, Iraq, and Kuwait peaked years ago. That leaves only Saudi Arabia. Here too there are doubts. Simmons believes that Saudi production will have reached a peak when Ghawar, their largest oil field, goes into decline.

snip

http://www.financialsense.com/Market/wrapup.htm

There are some nice charts and it's an easy read

Meanwhile the media wants youto focus on the "shootings" and "baseball hearings".

OUR military is being used for conquest in the "end game for oil resources".

[Trillo]

1. It seems science could be used to get off the Oil Habit. nt

[cthrumatrix]

4. we are all waiting for a "scaleable renewable energy replacement" for oil

I've done alot of reading.... at best it appears there would need to be a myriad of solutions --- that still fall short based on supply, cost and "like for like applications" (like oil used for food and products)

[Trillo]

9. Everyone needs to be careful of misinformation,

especially in a 'capitalistic' society.

Anyway, check out solar hydrogen....

[mhr]

8. In Short - There Is No One Replacement Technology/Source

That can substitute for the amount of embedded energy or ease of use that Fossil Fuels have provided.

Regrettably, we have squandered our endowment by wasting precious resources on unlimited growth.

If one were looking for salvation, pray for a Fusion breakthrough soon.

Trouble is Fusion has always been 30 years away - forever!

[Trillo]

10. My salvation is 'no kids'. nt

[cthrumatrix]

13. I would add that the US knew of this coming "oil age" and has not planned

why --?

Big oil and big business have control of our politicians

[Robert Oak]

2. yup pretty amazing

what a world society and economy based on a substance that can only
last about 40 more years.

it's about 100 years that the world has truly been an oil based
economy...

call about a bunch of monkeys running around building their shelters
on sand.

[mhr]

5. The Ostrich Like Behavior That One Sees Over Peak Oil Is Amazing

"If I only keep my head buried long enough there will be no problem."

[mhr]

3. Thanks For The Really Great Link And Article

eom

[cthrumatrix]

6. The looming oil crisis will dwarf 1973

The looming oil crisis will dwarf 1973

Commentary: Forces converge to create worldwide woes

By Paul Erdman, CBS.MarketWatch.com
Last Update: 8:02 PM ET May 5, 2004

Editor's note: This is the first in a three-part series by CBS MarketWatch columnist Paul Erdman.

HEALDSBURG, Calif. (CBS.MW) -- As the price of crude oil keeps rising toward $40 a barrel and beyond, it has become increasingly clear that the world is heading toward a major oil crisis -- in terms of both price and supply -- that will dwarf that of 1973.

For many of us who have been observers of global energy trends for what now amounts to decades, this has become not a matter of "if" but rather one of "when." We are facing a convergence of three forces that will have a potentially explosive effect on the market for crude oil.

They are:

1. A growing geopolitical crisis in the Middle East, which is now threatening to spread beyond Iraq to Saudi Arabia, the world's largest producer and exporter of crude oil.

2. A surge in global demand for energy and particularly crude oil and its derivatives, fueled by the recovery of both the American and Japanese economies and the unprecedented growth of China, which has just replaced Japan as the world's second largest consumer of crude oil.

3. A structural deterioration of the world's oil supply. What is involved here is nothing short of an imminent peaking out of production of crude oil on a global basis -- known by energy industry insiders as "Hubbert's Peak" -- which would turn a cyclical supply/demand crisis into a structural energy crisis of unprecedented proportions.

This is the first a series of articles dealing with this pending crisis

http://custom.marketwatch.com/custom/earthlink-net/mw-news.asp?guid=%7B8A89E36B-0E79-44B0-A790-DFFCDBE4BA21%7D


note May 2004 we were talking about $40 barrel oil...now $50

[oblivious]

7. You're right. I can find only Al-jazeera reporting this new DoE report.

Report title: The Peaking of World Oil production: Impacts, Mitigation, & Risk Management

Requested by: the US Department of Energy (DoE), National Energy Technology Laboratory.

Some snips:
- "World oil peaking is going to happen," the report says. Only the "timing is uncertain".

- The authors of the report also dismiss the power of the markets to solve any oil peak. They call for the intervention of governments. But also they rather worryingly point to a need to exclude public debate and environmental concerns from the process...to speed up decision-making.

- the report lays out "signals" it believes will be apparent in the run-up to any peak. This is perhaps the most worrying aspect of the report, as it seems to describe the very events that are taking place at the moment.

- "the world has never faced a problem like this. Without massive mitigation more than a decade before the fact, the problem will be pervasive and will not be temporary. Previous energy transitions were gradual and evolutionary. Oil peaking will be abrupt and revolutionary."

http://english.aljazeera.net/NR/exeres/5EF86883-8CDB-49B5-9A07-5759205A9DBE.htm

[cthrumatrix]

11. there are a couple of good sites.... even a documentary

reviewed in the NY Times recently:

Published on 13 Mar 2005 by NY Times. Archived on 13 Mar 2005.

Running on empty
by Natalie Canavor

RELATED NEWS:
Will LNG Save America's Oil-Addicted Economy?...

Willful blindness...

Winning the oil endgame...

US report acknowledges peak-oil threat...

Renewable Energy Markets (US)...

If the cost of energy skyrockets, are the suburbs doomed? Would Long Island, already paying among the highest fuel and electricity rates in the country, become an unsustainably expensive place to live?

A way of thinking that says "yes" is circulating, and has assumed tangible form in a video called "The End of Suburbia: Oil Depletion and the Collapse of the American Dream." Made in Toronto by the independent producers Gregory Greene and Barry Silverthorn, it explores the idea that the world is running out of cheap petrofuels and predicts the utter ruin of North America's suburbs - and not in the distant future, but somewhere between 5 and 25 years from now.

The video was screened last month at Molloy College in Rockville Centre, under the sponsorship of Long Island Neighborhood Network, an environmental advocacy group, and Vision Long Island, an organization that promotes the "new urbanism" or "smart growth" philosophy, which favors high-density, mixed-use, work-where-you-live downtowns over the classic low-density, home-with-a-yard model of suburbia.

snip

http://www.energybulletin.net/4698.html

[inthebrain]

12. FREEWAYBLOG!!!!!!!

http://www.freewayblogger.com/

Join the freewayblogger!!!!

What better way to get the message out than to advertise to people in their cars?

It beats the mass media and connects to people who dont think about these things.

[cthrumatrix]

14. kick

[Rockerdem]

15. Isnt this pretty much common knowledge?

There have been solid predictions about the dwindling oil reserves all my lifetime. Are some people just finding this out?