• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Has Global Peak Oil been reached?

"Climate policy: Oil's tipping point has passed

The economic pain of a flattening supply will trump the environment as a reason to curb the use of fossil fuels, say James Murray and David King." -- Nature 481, 433–435 (26 January 2012) | http://www.nature.com/nature/journal/v481/n7382/full/481433a.html

"The "tipping point" for oil supply appears to have occurred around 2005, says Murray, who compared world crude oil production with world prices going back to 1998. Before 2005, supply of regular crude oil was elastic and increased in response to price increases. Since then, production appears to have hit a wall at 75 million barrels per day in spite of price increases of 15 percent each year." -- http://www.eurekalert.org/pub_releases/2012-01/uow-cin012612.php
 
The title bears no relation to the OP. They both discuss oil but I see no actual discussion of why Trolls might assume that any of the quoted sentences indicated peak oil was reached, and not the expected factors of variable real world production rates.

No doubt we are in for many pages of ill informed trolling where somebody who knows nothing about a subject, has not bothered to research the subject, and considers factual evidence as a bad thing for a conspiracy theory tells us what he reckons.

I cant even see what this is doing in the CT department. What conspiracy?
 
"Global oil production is set to peak between now and 2030, and may already be peaking. Unless emerging technologies are developed in time, this will be likely to result in a global economic downturn. Government intervention may be needed to ensure the necessary technological progress." [emphasis added] -- http://www.sigmascan.org/Live/Issue/ViewIssue/472
 
Tomtomkent said:
The title bears no relation to the OP.
Click to expand...

The article in the OP is an example of a coverup story. It talks about oil supply, not oil production. Supply can come from tapping stored reserves. So the conspiracy theory is that while the article and other mainstream articles for the public like that are probably factually correct, at the same time they cover up the real underlying problem which is that global peak oil has already been reached.

Here is another similar example:

"Exclusive: Obama, Cameron discussed tapping oil reserves

Thu Mar 15, 2012

(Reuters) - President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel prices." -- Full story: http://www.reuters.com/article/2012/03/15/us-obama-energy-spr-idUSBRE82E00P20120315
 
The title of the thread could perhaps have been something like "Media coverup of Global Peak Oil" but the conspiracy theory is much bigger than that! Possibly absolutely huge, with many conflicts around the world in oil-producing countries being a part of a massive conspiracy as an attempt to tackle the global peak oil problem, plus monumental manipulations of the oil price etc.

Maybe the title "The Global Peak Oil Conspiracy" would be a possible title I guess.
 
Last edited:
They manipulate the oil production statistics to make it look like there is a steady increase by lowering the statistics for previous years.

For example, in the latest OPEC statistics it says that the total oil production for February 2012 was 30,968 tb/d and that in 2010 the production was 29,267 tb/d: http://www.opec.org/opec_web/static_files_project/media/downloads/publications/MOMR_March_2012.pdf

Compare with this graph which clearly shows that OPEC's oil production in 2010 was over 30,000 tb/d: http://www.nationalreview.com/sites...5930/2011/pic_article_031212_PB_zubrin1_0.jpg

From: http://www.nationalreview.com/articles/293144/america-s-energy-disaster-robert-zubrin?pg=1

And here is another graph that also clearly shows that OPEC's oil production in 2010 was over 30,000 tb/d: http://www.wtrg.com/oil_graphs/PAPRPOP.gif

From: http://www.wtrg.com/prices.htm
 
Last edited:
Alex Jones and Jim Marrs talked today about how the ruling elite is preparing for a disaster and have underground bunkers and seed vaults etc. What if they know that the global oil plug has been pulled and that we are fast approaching a sudden total collapse of oil supply? :eek: That the peak oil problem is monstrously worse than what is generally known?

I don't believe that scenario myself, but I thought it was fun to include it as a worst case Mad Max scenario. He he.
 
Alex Jones and Jim Marrs talked today about how the ruling elite is preparing for a disaster and have underground bunkers and seed vaults etc.
Click to expand...

That's all he has ever talked about.

Alex Jones?

Stop trolling Anders.
 
Here is a pretty interesting graph showing oil consumption for what they call the "Old World" and the "New World": http://static5.businessinsider.com/...neygame-oil-demand-old-world-vs-new-world.jpg

From: http://articles.businessinsider.com/2012-01-24/markets/30658102_1_new-world-oil-demand-crude-oil

I have two parts of a peak oil conspiracy theory related to this. The first is that the drop of oil consumption for the Old World (U.S., Western Europe and Japan) from around 2005 is because of geological reasons rather than economic reasons. The other is that the oil consumption for the New World (Total world minus U.S., Western Europe and Japan) has been exaggerated to make the total statistics for global oil consumption basically flat to hide that the peak in global oil production has already been passed.

Peak oil is about oil production, when the production has reached its historical maximum and starts a decline. Oil consumption is of course not the same as oil production but they are basically the same since emergency oil reserves and things like that are tiny in comparison to the total oil consumption (plus the emergency reserves etc may already be included in the oil consumption statistics).

Here is an example of peak oil (for the U.S. oil production): http://www.mountaininvestor.com/blog/wp-content/uploads/2011/06/ScreenHunter_06-Jun.-21-08.46.gif

From: http://www.mountaininvestor.com/blog/?p=565
 
Last edited:
The oil production history charts for peak oil follow the same decline curve for different countries. And even when looking at short time spans this can be seen, such as: http://stevemaley.files.wordpress.com/2012/03/shortfall.png

And the above graph is definitely a part of an overall peak oil curve: http://static.seekingalpha.com/uploads/2009/8/23/saupload_reuters_cantarell_through_june_20093.jpg

So how can Saudi Arabia have such a flat oil production history? See for example: http://www.indexmundi.com/energy.aspx?country=sa&product=oil&graph=production

One possible explanation is that Saudi Arabia has been conserving its oil reserves. But as Matt Simmons said - that Saudi Arabia has been lying big time about its oil production and reserves - fits better with its flat oil production history. Saudi Arabia's oil production has probably already peaked and it's only fake statistics that is keeping an illusionary facade up.
 
You must log in or register to reply here.

Back
Top Bottom