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Page added on May 28, 2014

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High Oil Prices And Peak Oil

The evidence is starting to stack up that 2006 will indeed be the year of peak world oil production. You only have to Google “peak oil” to find more, but here are three of the most compelling reasons for believing that the peak is almost upon us.

As you walk through the cave you will get to see some really cool things all around you. The cave is home to four different species of bats that can be seen throughout the year. They are the Eptisicus fuscus (big brown bat), Myotis lucifugus (little brown bat), the Pipistrellus subflavus (Eastern Pipistrelle) oil and gas investment theMyotis septentrionalis (Northern Myotis). If you are afraid of bats, it is ok. Despite what some people think, bats are really gentle and hardly ever make human contact so there is no need to worry about them in the cave.

Well, God is continuously stirring the sea with the help of ocean currents, hot and cold, sweeping the whole length and breadth of the oceans. Each current is thousands of times bigger than the continental rivers, both in volume and sweep. This way, the saltiness and the temperature of water in the seas, the world over, is maintained fairly constant.

In a well insulated home, the wood burning fireplace or wood burning stove can provide enough heat to keep your house warm and toasty on a cold winter day. That definitely saves on the http://www.energy-executive.com or heating fuel that your heating system uses.

When I went back to UCLA I told a CIA friend of mine that I had just spent the afternoon with the eminent doctor (Marsha, call me!). She told me that he had been a close advisor of Vladimir Lenin after the Russian Revolution, had been a double agent for the Soviets ever since, that the F.B.I had known this all along, and was currently funneling illegal campaign donations to President Richard Nixon. Shocked, I kicked myself for going into an interview so ill prepared, and had missed a golden opportunity to ask some great questions. I never made that mistake again.

We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, it’s only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.

Help to grow a new industry in renewable energy that will provide safer jobs for children when they grow up. Reducing the demand for fossil fuels and growing demand for solar energy will take away the need for oil exploration and coal mining. Both are very dangerous and demanding occupations, but currently still necessary.

In your debates last spring, you claimed to have been a ‘professor of Constitutional law’ when in fact you have never been a professor of Constitutional law. In this last debate, you were careful to say that you ‘taught a law class’ and never mentioned being a ‘professor of Constitutional law.’ You lied last spring.

The oil companies doing exploration and mining of oil, should pay compensation to the nations of the world. All such activities should be banned. Do not play with fire.

www.iranfemschool.com



10 Comments on "High Oil Prices And Peak Oil"

  1. paulo1 on Wed, 28th May 2014 7:42 am 

    This is the most unfocused article of the year. What on earth does the last sentence, the supposed conclusion, have to do with any previous idea? I suppose it was a transcript of the video.

    Why is this crap posted?

    Paulo

  2. mo on Wed, 28th May 2014 8:28 am 

    That was really garbage

  3. rockman on Wed, 28th May 2014 9:26 am 

    It is somewhat comical: first they claim GPO hit in 2006 and then they believe GPO is almost here. But that’s the same problem some folks have who are obsessed with dates. That’s why I keep using the POD…Peak Oil Dynamic. If you count all liquid hydrocarbons we aren’t at GPO. If you restrict the conversation to crude oil there’s a different conclusion. And yet another if you restrict it to crude oil from conventional reservoirs.

    But none of that matters IMHO. The POD is here and hasv been chewing hard on the global economy for several years now. Again consumers don’t care how much oil or anything else is being produced. They just care about how much energy is costing them IMHO.

  4. bobinget on Wed, 28th May 2014 9:37 am 

    Maybe we should all have a piece of Rhubarb Pie?

    Summary of Weekly Petroleum Data for the Week Ending May 16, 2014

    U.S. crude oil refinery inputs averaged over 15.9 million barrels per day during the week ending May 16, 2014, 282,000 barrels per day more than the previous week’s average. Refineries operated at 88.7% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production increased last week, averaging 5.0 million barrels per day.

    U.S. crude oil imports averaged about 6.5 million barrels per day last week, down by 658,000 barrels per day from the previous week.
    Over the last four weeks, crude oil imports averaged 7.0 million barrels per day, 11.3% below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 997,000 barrels per day. Distillate fuel imports averaged 176,000 barrels per day last week.

    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.2 million barrels from the previous week. At 391.3 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 1.0 million barrels last week, and are in the middle of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories increased by 3.4 million barrels last week but are below the lower limit of the average range for this time of year. Propane/propylene inventories rose 2.2 million barrels last week and are in the middle of the average range. Total commercial petroleum inventories increased by 2.1 million barrels last week.

    Total products supplied over the last four-week period averaged over 18.9 million barrels per day, up by 1.8% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged over 8.9 million barrels per day, up by 5.3% from the same period last year. Distillate fuel product supplied averaged 4.1 million barrels per day over the last four weeks, up by 7.7% from the same period last year. Jet fuel product supplied is down 0.3% compared to the same four-week period last year.

  5. bobinget on Wed, 28th May 2014 9:49 am 

    Don’t ignore those falling imports. Many might attribute lower imports to our thriving domestic oil production. Don’t import what we do not need.
    This week, next, historically one of the biggest US consumption periods.

    I had predicted we would see 19 million consumed.
    Maybe next week. No… certainly.

    7.2 million barrel decrease is abnormally high.

    Bottom line, higher gasoline, diesel prices in store.
    Not good for the over-all economy but enlightening
    never the less.

  6. Perk Earl on Wed, 28th May 2014 12:17 pm 

    2006 will indeed be the year of peak world oil production-The cave is home to four different species of bats-
    God is continuously stirring the sea with the help of ocean currents – wood burning fireplace or wood burning stove can provide enough heat to keep your house warm – When I went back to UCLA I told a CIA friend of mine – We cannot stress enough that investors need to do their due diligence – Help to grow a new industry in renewable energy that will provide safer jobs – In this last debate, you were careful to say that you ‘taught a law class’- The oil companies doing exploration and mining of oil…

    It’s like someone was testing us to see if we would notice this randomly disjointed array of topics. Yeah, we noticed.

  7. Juan Pueblo on Wed, 28th May 2014 12:22 pm 

    For global oil production capex to increase further the market needs higher prices, probably in the $120-150 range in the short term future. This applies mostly to Big Oil. Until prices increase capex will continue to fall. This spells trouble in less than five years IMO.

  8. Northwest Resident on Wed, 28th May 2014 12:49 pm 

    Skip this jibberish and instead let’s take a look at the correlation between oil prices and food prices:

    “…food moves in virtual lockstep with the one master commodity in an industrialized global economy: oil.”

    If you wonder why the price of groceries is going up and up — look at the price of oil. And you ain’t seen nothing yet…

    zerohedge dot com/news/2014-05-28/why-are-food-prices-so-high

  9. bob on Thu, 29th May 2014 9:17 am 

    don’t forget climate change? look up how much food comes out of california and they are in a drought…I am sure oil has a relation but we also have to start looking at extreme weather wiping out crops

  10. Juan Pueblo on Thu, 29th May 2014 9:22 am 

    Bob, I agree. It is both diminishing returns on declining resources and AGW and CC combined, of course, with overpopulation.

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