Peak Oil News and Message Boards

OilFinder2 wrote:I'll be bookmarking this thread.

OilFinder2 wrote:

OilFinder2 wrote:I'll be bookmarking this thread.

Well, it's now the end of August.

So, where's that $100 oil and the collapse? I'm getting anxious!

TreeFarmer wrote:I am wondering how you can have a collapse and then $100 oil. A collapse infers a loss of purchasing power amoung other things. If you have no purchasing power (money) how can you bid oil up to $100?

Barring a war in the middle east, some natural disaster, or inflation, it may be very difficult to get to $100 oil in the near future. In the longer run supply can fall enough to get us there but that would constrain economic activity so much that very little oil would be bought for $100.

TF

KevO wrote:Ruppert interview says the GOM spill is a direct result of peak oil and we can expect collapse within weeks.
Interview with Ruppert starts 13 minutes in

http://www.youtube.com/watch?v=GBPI-Y1ac7I

includes quotes such as $100 oil before September and we have just hit the cliff

The latest satellite data establishes that the North Atlantic Current (also called the North Atlantic Drift) no longer exists and along with it the Norway Current. These two warm water currents are actually part of the same system that has several names depending on where in the Atlantic Ocean it is. The entire system is a key part of the planet's heat regulatory system; it is what keeps Ireland and the United Kingdom mostly ice free and the Scandinavia countries from being too cold; it is what keeps the entire world from another Ice Age. This Thermohaline Circulation System is now dead in places and dying in others.

This 'river' of warm water that moves through the Atlantic Ocean is called, in various places, the South Atlantic Current, the North Brazil Current, the Caribbean Current, the Yucatan Current, the Loop Current, the Florida Current, the Gulf Stream, the North Atlantic Current (or North Atlantic Drift) and the Norway Current.
...
The entire 'river of warm water' that flows from the Caribbean to the edges of Western Europe is dying due to the Corexit that the Obama Administration allowed BP to use to hide the scale of the BP Deepwater Horizon Oil Disaster. The approximately two million gallons of Corexit, plus several million gallons of other dispersants, have caused the over two hundred million gallons of crude oil, that has gushed for months from the BP wellhead and nearby sites, to mostly sink to the bottom of the ocean. This has helped to effectively hide much of the oil, with the hopes that BP can seriously reduce the mandated federal fines from the oil disaster. However, there is no current way to effectively 'clean up' the bottom of the Gulf of Mexico, which is about half covered in crude oil. Additionally, the oil has flowed up the East Coast of America and into the North Atlantic Ocean, and there is no way to effectively clean up this 'sea bottom oil'.
...
The massive amount of crude oil, ever expanding in volume and covering such an enormous area, has seriously affected the entire thermoregulation system of the planet, by breaking up the boundary layers of the warm water flow. The Loop Current in the Gulf of Mexico ceased to exist a month ago, the latest satellite data clearly shows that the North Atlantic Current is now GONE and the Gulf Stream begins to break apart approximately 250 miles from the Outer Banks of North Carolina. The Thermohaline Circulatory System, where the warm water current flows through a much cooler, much larger, ocean, effects the upper atmosphere above the current as much as seven miles high. The lack of this normal effect in the eastern North Atlantic has disrupted the normal flow of the atmospheric Jet Stream this summer, causing unheard of high temperatures in Moscow (104F) and drought, and flooding in Central Europe, with high temperatures in much of Asia and massive flooding in China, Pakistan, and elsewhere in Asia.

eXpat wrote:If true, this is a catastrophic event
Life on this Earth Just Changed

The latest satellite data establishes that the North Atlantic Current (also called the North Atlantic Drift) no longer exists and along with it the Norway Current. These two warm water currents are actually part of the same system that has several names depending on where in the Atlantic Ocean it is. The entire system is a key part of the planet's heat regulatory system; it is what keeps Ireland and the United Kingdom mostly ice free and the Scandinavia countries from being too cold; it is what keeps the entire world from another Ice Age. This Thermohaline Circulation System is now dead in places and dying in others.

pstarr wrote:Okay, I understand the North Atlantic Drift, thermohaline circulation, and possible repercussions for global weather. I saw the "Day after Tomorrow."

What is this guy saying? That oil sheen from the GOM is heating up the drift, and somehow causing it to weaken or disintegrate? That makes no sense. Melting fresh water and dilution of arctic salt water from failing ice caps would cause this. Not overheating of tropics.

Do those maps really really show the disintegration of the Gulf Stream. That is NUTS A BAD (really really good ) sci-fi movie.

I'm panikiing here

If the Gulf Stream is indeed stalled and stays that way for very long, the implications are probably outside the realm of predictability.

pstarr wrote:What is this guy saying?

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