Suposevly were running out of oil. While demand contines to rise production will start to decrease. Every single thing that makes up modern life depends on fossile fules. Also without fossile fules we would not be able to support close to the amount of people that exist today. What do you think will happen in the next 50 years regarding these issues? On a side note would investing in oil etf’s be a good choise as far as investments go?
Peak oil is basically a myth propagated by Western geologists, the oil industry and some industry oberservers who do not take into account other forms of oil generation such as the "abiogenic or abiotic oil theory" of the origins of oil which is largely dismissed by those same people.. They may have good intentions in warning people of the possibilty ..or probability…of reduced oil reserves in the future but they exclude information which contradicts those assertions…intentional or not.
It’s becoming increasingly evident that oil actually has a duplex origin…one origin is from creatures (fossils) buried long ago and another origin is from "abiogenic or abiotic" processes deep within the earth. While it may be true that the "low hanging fruit" is gone and oil prices will continue to rise as it gets harder to retrieve…oil from abiotic origins is found much deeper than fossil fuels (biotic oil)…., there is ample evidence that the oil reserves on earth are vastly underestimated. A single offshore, deep water drilling rig can cost a half billion dollars and from 3-600,000 dollars per day to operate to get at oil at 30,000 feet or more below the surface which means in order to extract deeper reserves of oil, it’s going to cost more per barrel. Companies like Noble Corporation out of Texas (if you want, invest with them) have drilled some of the deepest wells in the Gulf of Mexico and the Western coast of Africa….they have directional drilling methods that can hit a "sweet spot" the size of a refrigerator at 30,000 feet…no easy trick.
And there is also a new method/process to convert garbage and waste products into oil…known as the TDP process or Thermal Depolymerization. We can actually convert the billions of tons of carbon-based garbage or waste we produce every year into oil.
http://www.youtube.com/watch?v=CWf9nYbm3ac
Here’s a few links on the subject of abiotic oil which may change your mind as to whether we are running out of oil or not……..
Confessions of an ex-peak oil believer…..
http://321energy.com/editorials/engdahl/engdahl092607.html
Other related links defining and expalining what abiogenic or abiotic oil theory is………
http://memes.org/abiogenic-petroleum-origin-wikipedia-abiotic-oil
http://www.absoluteastronomy.com/topics/Abiogenic_petroleum_origin
"Fossils From Animals And Plants Are Not Necessary For Crude Oil And Natural Gas, Swedish Researchers Find"… a Science Daily story…….
http://www.sciencedaily.com/releases/2009/09/090910084259.htm
A Harvard magazine article referring to abiotic origins of oil and gas………
"investigators combined three abiotic (non-living) materials — water (H2O), limestone (CaCO3), and iron oxide (FeO) — and crushed the mixture together with the same intense pressure found deep below the earth’s surface. This process created methane (CH4), the major component of natural gas. Herschbach says this offers evidence, although as yet far from proof, for a maverick theory that much of the world’s supply of so-called fossil fuels may not derive from the decay of dinosaur-era organisms after all."
http://harvardmagazine.com/2005/03/rocks-into-gas.html
Is Haiti the new Saudi Arabia?……..
http://www.engdahl.oilgeopolitics.net/Geopolitics___Eurasia/Prize_Haiti/prize_haiti.html
February 19th, 2010 at 3:51 pm
Peak oil is basically a myth propagated by Western geologists, the oil industry and some industry oberservers who do not take into account other forms of oil generation such as the "abiogenic or abiotic oil theory" of the origins of oil which is largely dismissed by those same people.. They may have good intentions in warning people of the possibilty ..or probability…of reduced oil reserves in the future but they exclude information which contradicts those assertions…intentional or not.
It’s becoming increasingly evident that oil actually has a duplex origin…one origin is from creatures (fossils) buried long ago and another origin is from "abiogenic or abiotic" processes deep within the earth. While it may be true that the "low hanging fruit" is gone and oil prices will continue to rise as it gets harder to retrieve…oil from abiotic origins is found much deeper than fossil fuels (biotic oil)…., there is ample evidence that the oil reserves on earth are vastly underestimated. A single offshore, deep water drilling rig can cost a half billion dollars and from 3-600,000 dollars per day to operate to get at oil at 30,000 feet or more below the surface which means in order to extract deeper reserves of oil, it’s going to cost more per barrel. Companies like Noble Corporation out of Texas (if you want, invest with them) have drilled some of the deepest wells in the Gulf of Mexico and the Western coast of Africa….they have directional drilling methods that can hit a "sweet spot" the size of a refrigerator at 30,000 feet…no easy trick.
And there is also a new method/process to convert garbage and waste products into oil…known as the TDP process or Thermal Depolymerization. We can actually convert the billions of tons of carbon-based garbage or waste we produce every year into oil.
http://www.youtube.com/watch?v=CWf9nYbm3ac
Here’s a few links on the subject of abiotic oil which may change your mind as to whether we are running out of oil or not……..
Confessions of an ex-peak oil believer…..
http://321energy.com/editorials/engdahl/engdahl092607.html
Other related links defining and expalining what abiogenic or abiotic oil theory is………
http://memes.org/abiogenic-petroleum-origin-wikipedia-abiotic-oil
http://www.absoluteastronomy.com/topics/Abiogenic_petroleum_origin
"Fossils From Animals And Plants Are Not Necessary For Crude Oil And Natural Gas, Swedish Researchers Find"… a Science Daily story…….
http://www.sciencedaily.com/releases/2009/09/090910084259.htm
A Harvard magazine article referring to abiotic origins of oil and gas………
"investigators combined three abiotic (non-living) materials — water (H2O), limestone (CaCO3), and iron oxide (FeO) — and crushed the mixture together with the same intense pressure found deep below the earth’s surface. This process created methane (CH4), the major component of natural gas. Herschbach says this offers evidence, although as yet far from proof, for a maverick theory that much of the world’s supply of so-called fossil fuels may not derive from the decay of dinosaur-era organisms after all."
http://harvardmagazine.com/2005/03/rocks-into-gas.html
Is Haiti the new Saudi Arabia?……..
http://www.engdahl.oilgeopolitics.net/Geopolitics___Eurasia/Prize_Haiti/prize_haiti.html
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