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September 02, 2009
We Are Running Out Of Peak Oil
Yes. It is true. We are temporarily running out of peak oil. A lot of new oil has been discovered. BP is British Petroleum. BP has reopened the debate on when the "peak oil" supply will be reached by announcing a big new discovery in the Gulf of Mexico which some believe could be as large as the Forties, the biggest field ever found in the North Sea.Yes. A lot of oil. So far we are discovering it faster than we are using it. Not by a lot. But at least so far we are keeping up. Analysts agreed that the find appeared to be very significant. "Any time an oil major uses the word 'giant' you have to sit up and take note. Kaskida confirmed the western limits of the lower tertiary play and this extends the limits even further," said Matt Snyder, a Gulf of Mexico specialist at oil consultancy Wood Mackenzie.But I got to thinking. Especially about a comment made by Ron de Haan (05:22:33) at Watts Up With That. Today the Liberals are infiltrated bu radical Marxists and Fascists and they have high jacked the entire AGW/Climate Change docrine, but not to replace coal plants by nuclear power plants.How is it the Socialists always start with there is not enough (xxx, yyy, or zzz take your pick) because there are too many consumers and then come up with the bright idea of passively or actively killing off the extras? First it was too many Jews and other untermenschen. Not enough lebensraum. But that was found to be too racist for the tastes of some. Not to mention that agricultural output per acre was going up. Lebensraum, Jews, and untermenschen are now politically incorrect, so now it is just too many people. With either peak oil or peak CO2 taking the place of the now discredited lebensraum theories. There currently is no mention of who they have lined up to do the starving. No doubt a player or players to be named later. India and China don't seem to want to buy in so I guess that leaves the Africans. The socialists answer to resource constraints is not "let us invent new resources at lower costs" i.e. serve more customers. Nope, the socialist answer is "kill off as many consumers as possible until supply and demand are in balance" i.e. kill off customers. I suppose that is one way to kill demand. When it comes to all this "running out of" stuff I wish we were running out of socialists. Despite their kind words I do not think they have our best interests at heart. Cross Posted at Power and Control posted by Simon on 09.02.09 at 05:32 PM
Comments
The first time I remember all these things being hashed out was in the 70s, and the answer then was Gerard O'Neill, solar powered mass drivers, Jerry Pournelle and "A Step Farther Out". Punctuation · September 2, 2009 10:20 PM First it was too many Jews and other untermenschen. Not enough lebensraum. But that was found to be too racist for the tastes of some. It's only racist if Caucasians (Nazis) do it. If Palestinians do it, it is justice. Patrick · September 2, 2009 11:26 PM Peak oil, or anything else is somewhat determined by price. Hugh · September 2, 2009 11:34 PM I just have to compliment you on the title. That's darn funny. I'm going to steal it. I hope you don't mind. I'll use it fittingly. When somebody starts spewing about it, I'll tell them we've run out of peak oil. I'm really looking forward to the reactions. Veeshir · September 3, 2009 06:21 PM Hello, Tania · September 4, 2009 05:39 AM Tania, I haven't seen it before but I wouldn't be surprised if it was not original with me. M. Simon · September 4, 2009 05:48 AM Hi, Dirnov · September 5, 2009 09:12 AM Post a comment
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Back in my undergraduate days, I had an Economics professor who was an avowed Marxist. One of his amusing stories was that, at any particular time, the oil industry can say that they only have 15 years worth of oil reserves. His disclaimer was that 15 years was the amount of time that the industry needed to find, pump, and process the crude, so that there was no economic reason for them to do more.