"P.S. I just worked it out for fun. Motor fuel that cost $0.10/gallon in
1910, when the dollar was still defined as 1/30 of an ounce of fine
gold, was equivalent in cost to $33.00/gallon in our debased paper
currency (gold at $1000/oz). We're still a long way from paying that much."
There where 92 million people in the US and domestic production was as easy
as sticking a spike in the ground.
How on earth is this relevant to today, when nobody's currency is pegged to
gold and oil is traded on a
global market ?
It is pretty pointless pinning a date on peak oil, but somewhere between
2005-2015 is an accepted time period.
Even by the US military. Everyone interested in peak oil should *ignore*
opinion pieces.
Even the EIA has a sketchy track record, their forecasts are always off, and
revised endlessly.
These 2 reports are a good read:
http://www.jfcom.mil/newslink/storyarchive/2010/JOE_2010_o.pdf (energy
section begins page 24 I believe)
&
http://www.lloyds.com/~/media/Lloyds/Reports/360%20Energy%20Security/7238_L=
loyds_360_Energy_Pages.pdf
The military knows downsizing is going to occur, investors and speculators
know also, people are lining up to make a killing.
Spikes and troughs for the next few years, then the decline that's been
happening for the past decade will be felt.
The fact that oil is going to peak is all I need as motivation, I don't care
whether its tomorrow or 30 years from now.
And quite honestly I would love to know where these domestic on land oil
reserves are in the US, are we talking about
kerrogen ? easily classed away from the definition of "easy oil" for sure.
Anyone that expects prices to stay reasonable
in a world of only Canadian shale and domestic resources is living in a
fantasy. (Mexican imports peaked in 2004)
Further to the fact oil is going to get more expensive, is where a lot of it
comes from, and IS going to come from.
As we wave bye bye to Gwar and Saudi production (as domestic usage
increases) --
Iraq is expected to produce 12mbpd by 2016. Does anyone still seriously
think that war was a coincidence ?
Saddam traded oil exclusively in Euros in 2002, cutting a nice supply of
petrodollars. It is and I quote:
=93What people will usually say is that the low-hanging fruit is gone, exc=
ept
for in Iraq. Iraq is the last place where there=92s a country with massive
untapped and even undiscovered oil and gas reserves. Iraq is a place for the
oil sector right now, and everything else kind of pales in comparison.=94 =
=96
Ben Lando
Iraq Bureau chief for http://www.iraqoilreport.com/
Of course that could be industry fluff. But it would be a heck of a
coincidence that we raped that country back to the stone age for nothing
wouldn't it ?
I don't think I could stand it if one day in the future Iraq becomes one of
our biggest oil suppliers. Could you?
If anyone wants to discuss peak oil please email me off list, I hope this to
be the last post on this thread.
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1910, when the dollar was still defined as 1/30 of an ounce of fine
gold, was equivalent in cost to $33.00/gallon in our debased paper
currency (gold at $1000/oz). We're still a long way from paying that much."
There where 92 million people in the US and domestic production was as easy
as sticking a spike in the ground.
How on earth is this relevant to today, when nobody's currency is pegged to
gold and oil is traded on a
global market ?
It is pretty pointless pinning a date on peak oil, but somewhere between
2005-2015 is an accepted time period.
Even by the US military. Everyone interested in peak oil should *ignore*
opinion pieces.
Even the EIA has a sketchy track record, their forecasts are always off, and
revised endlessly.
These 2 reports are a good read:
http://www.jfcom.mil/newslink/storyarchive/2010/JOE_2010_o.pdf (energy
section begins page 24 I believe)
&
http://www.lloyds.com/~/media/Lloyds/Reports/360%20Energy%20Security/7238_L=
loyds_360_Energy_Pages.pdf
The military knows downsizing is going to occur, investors and speculators
know also, people are lining up to make a killing.
Spikes and troughs for the next few years, then the decline that's been
happening for the past decade will be felt.
The fact that oil is going to peak is all I need as motivation, I don't care
whether its tomorrow or 30 years from now.
And quite honestly I would love to know where these domestic on land oil
reserves are in the US, are we talking about
kerrogen ? easily classed away from the definition of "easy oil" for sure.
Anyone that expects prices to stay reasonable
in a world of only Canadian shale and domestic resources is living in a
fantasy. (Mexican imports peaked in 2004)
Further to the fact oil is going to get more expensive, is where a lot of it
comes from, and IS going to come from.
As we wave bye bye to Gwar and Saudi production (as domestic usage
increases) --
Iraq is expected to produce 12mbpd by 2016. Does anyone still seriously
think that war was a coincidence ?
Saddam traded oil exclusively in Euros in 2002, cutting a nice supply of
petrodollars. It is and I quote:
=93What people will usually say is that the low-hanging fruit is gone, exc=
ept
for in Iraq. Iraq is the last place where there=92s a country with massive
untapped and even undiscovered oil and gas reserves. Iraq is a place for the
oil sector right now, and everything else kind of pales in comparison.=94 =
=96
Ben Lando
Iraq Bureau chief for http://www.iraqoilreport.com/
Of course that could be industry fluff. But it would be a heck of a
coincidence that we raped that country back to the stone age for nothing
wouldn't it ?
I don't think I could stand it if one day in the future Iraq becomes one of
our biggest oil suppliers. Could you?
If anyone wants to discuss peak oil please email me off list, I hope this to
be the last post on this thread.
-------------- next part --------------
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/attachment.html =
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| REPLYING: address your message to [email protected] only.
| Multiple-address or CCed messages may be rejected.
| UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub
| OTHER HELP: http://evdl.org/help/
| OPTIONS: http://lists.sjsu.edu/mailman/listinfo/ev
