OIL EXECS: WE MAY NOT HAVE ENOUGH OIL & GAS

Crossposted to LBN...



HO.LEE.SHIT!

Read the whole article! Oh my God!

I am thinking that is very convenient.

this hasn't been warned about for years. This is why we are in Iraq. We will never leave. The whole world has been in a chess game jockying for what is left. China went the economical route building infrastructure in Africa, trade deals with Venezuela. We opted to put our eggs in one basket and failed.
All that wasted money would have gone far in investing in alternative energy.

begin investing in alternatives.

Gore could have done wonders.

I don't know what to do now...

the few, the smart, the informed, have been mentioning this for, oh, at least 5 years, and there are books that discuss it that are over 10 years old...so, like, where has the press been... oh, right, suffering from an anal-cranial inversion...

sorry, I was channeling a Valley Girl... like, gag me.

... and recommend the thread, of course.

:rofl:

But, aren't we planning to mine Mars and the asteroids, Venus, most likely, as soon as possible?

Alternatives? Where's the profit?

edit to add: At least we can now expect all those highly ingenious (and not so ingenuous) Chinese, Indians, etc. to be working on the problem...

Big oil will give us solar if we deed the sun to them! Jimmy Carter had the answer years ago, but big oil stopped him.

Though vast amounts of oil and gas remain underground, "complex challenges" and "global uncertainties" are likely to put an end to "the sufficient, reliable and economic energy supplies upon which people depend". And the crunch could come sooner, with oil production becoming "a significant challenge as early as 2015". This chimes with the International Energy Agency's prediction that oil supplies could become "extremely tight" in five years.

"complex challenges" = Enviromental activists (Al who?)
"global uncertainties" = The wrong governments have control of the oil (Chavez,mullahs)

The whole article is playing right into the hands of the oil industry. Drill, steal, drill, steal.

Also notice "from the conventional sources" and "accumulating risks".

I'm glad they're backing something that *looks like* conservation, but I wonder what they're setting us up for; besides higher gas prices, of course.

http://downloads.connectlive.com/events/npc071807/pdf-downloads/Facing_Hard_Truths-Executive_Summary.pdf

Mind you, this is an oil industry report - and it displays a level of honesty I don't associate with the petroleum industry (Which is worrying in itself). It recommends tougher fuel standards, carbon sequestration, and expanding domestic nuclear capability.

However, it does mention that views on peak oil tend to diverge beyond 2015 and that it is only a lower bound. 2030 seems to be their estimate for when the s*it hits the fan.

one is hard-pressed to find certain facts. It helps to not yield to the temptation to go black or white on any subject in the mainstream. Rather than jump the gun and take a side, it is best to continue to observe the data available and watch as the scenario unfolds.

In many respects, there are issues like propaganda, profit, and manipulation that cloud many issues and add a lot of white noise to important issues. Without those factors diluting and polluting the data available to us, we might actually be able to come to a more clear consensus about important problems that require our attention, action, and solutions.

While I remain an agnostic on peak oil, my spider sense tells me, (from many readings on the subject) that we are already at the peak and moving to the other side of the scale. Statistics are showing that most major wells around the World are on the decline, while demand is increasing steadily.

As I have said, I also remain agnostic about the actual causes of Global warming. The science really tends to show that we are in a warming period, (we had one prior to WWII and then a cooling phase) but there are many factors and motivations that are pushing the problem to the masses with hypocritical, feel-good reasons to sacrifice, while the people pushing it are major carbon junkies.

What will life be like without the black gold, that Texas tea? Anyone see Mad Max, Road Warrior, and Thunderdome? And no, there is no pie in the sky yet that will fix this problem at such a late date. The erect, naked apes seemed to have not had the sense to put an emphasis on the survival of the species by planning well enough ahead for that law of the Universe where the fat years yield to the lean years. 6.5 Billion people now stand in the midst of a major, looming crisis with dramatic implications that will bring tremendous change to life as we currently know it.

"approved" version of the NPC plays down the urgency while moving back the time when TSHTF. However, the version available to folks like Lee Raymond, the recently retired chief executive of ExxonMobil, seems to tell quite a different story.

Either way, I think we're in for some REALLY ROUGH times.

Thanks for the post.... off to work now, but will read it later.

The leaders whose nations are likely to overthrow their governments wanting to go to war?

The ruling class trying to steal as much from the treasury as possible before the crisis hits?

The oil dynasties doing everything in their power to maintain their power and wealth?

what is the rsult on oil prices and, therefore, profits to those oil execs?

Some forecast that fascist regimes will rise out of the chaos.