Peak Oil 101

Peak Oil production 101

Lindsey Williams says oil is from an abiotic source. Abiotic, the Earth is making oil from deep below. Lindsey Williams is a preacher. He believes that nothing is older than 10,000 years. Many religious people have the same belief. Oil is made from living matter such as Dinosaurs, Algae, other animals and plant life from millions of years ago. He mentions oil fields replenishing themselves. A depleted oil field that is left alone for a while to rest will allow some oil to seep back to the well that was not pumped out initially. What commonly is not mentioned is that this rested oil field never produces anywhere near the rate that it used to.

If there is abiotic oil out there, in order to extract it, we must find it first! If all this "abiotic" oil is available why has Russian oil production peaked and Saudi Arabia's being on the decline? The USA peaked in 1970 and has been declining ever since with pauses along the way due to new much smaller fields temporarily stemming the decline. The North Sea, Mexico, Prudhoe Bay, Libya, Iran, Indonesia and many others are in decline. Why are the oil companies drilling in inhospitable areas such as in polar and deep water areas? Why not drill for this "plentiful" "abiotic" oil on land? Why the need to drill any new wells at all? Why was Iraq invaded if there is all this abiotic oil? Why are not the countries that have declining oil production drill all new deep wells and use this endless supply of "abiotic" oil? C-12 isotopes and other biomarkers: http://www.rense.com/general58/biot.htm

All new oil fields have pressure that will force the oil up on its own. Eventually the pressure subsides. Artificial lift is needed to pump out the remaining oil. Eventually it gets to a point where it takes more energy to extract the remaining oil than what the oil would produce, EROEI(energy returned on energy invested). This causes extraction costs to increase. The Tiber Oil Field is the oil field that is leaking: http://en.wikipedia.org/wiki/Tiber_Oil_Field

M. King Hubbert, in 1956, predicted that the USA would peak in oil production in 1970. The peak occurred in 1972. He also predicted that the World would peak in 2000. This peak occurred in 2005. Talking about predictions. Since 2005, the World has been on a oil production plateau. The World is expected to come off of this plateau around 2012 to 2014 and World oil production is expected to drop after that. M. King Hubbert: http://www.hubbertpeak.com/hubbert/

"As for Iran, the usually accepted official 132 billion barrels (2.10×1010 m3) is almost 100 billion barrels (1.6×1010 m3) over any realistic assay." Ali Morteza Samsam Bakhtiari, senior expert employed by the National Iranian Oil Company (NIOC) http://en.wikipedia.org/wiki/Ali_Mort...

OPEC changes the quota system in the early 80's. Production there after was based on reserves. The reserves doubled or tippled overnight with no new major oil discoveries. Also the reserves would remain the same for years even though they have been producing oil. http://numero57.net/2010/03/25/the-ab...

Governments and oil company CEOs say that peak oil is decades away if not longer. It is to an oil company's advantage to have as big of an oil reserve as possible. They receive more investment this way. Preaching peak oil would undermine this.

The Illusive Bonanza: Oil Shale in Colorado "Pulling the Sword from the Stone"
http://www.solarblog.com/datas/users/1-OilShale.pdf

The Bakken Formation: How Much Will It Help? http://www.theoildrum.com/node/3868

Shale Gas—Abundance or Mirage? Why The Marcellus Shale Will Disappoint Expectations
http://www.theoildrum.com/node/7075

Oilwatch Monthly: http://www.theoildrum.com/files/2010_...

Statistical Review of World Energy 2010: http://www.bp.com/liveassets/bp_inter...

The Imminent Crash Of Oil Supply: Be Afraid: http://www.countercurrents.org/arguimbau230410.htm

Casey Research: The U.S. Department of Energy finally agrees: We're running out of oil - FAST!
http://www.caseyresearch.com/crpmkt/crpSolo.php?id=165&ppref=HPM165ED1109B

Great Books:
Matt Simmons "Twilight in the Dessert"
Chalmers Johnson "Nemesis"
Richard Heinberg "The Party's Over"
Michael Ruppert "The Rubicon"
James Howard Kunstler "The Long Emergency"
Stephen Leeb "The Coming Economic Collapse"

References:
http://www.chrismartenson.com/
http://www.energybulletin.net/
http://aspo-usa.com/
http://www.simmonsco-intl.com/default...
http://www.theoildrum.com/
http://www.peakoil.com/
http://www.peakoil.net/
http://dieoff.org/
http://www.fromthewilderness.com/
http://www.wolfatthedoor.org.uk/
http://www.oilempire.us/abiotic.html

Category:

Education

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[USBankruptcy]

When I can not gas up my ride. I will say there is no oil.

[jimbobubbadj]

@USBankruptcy That day is not far off. From what I have been reading, 2012 to 2015 shortages will develop. For a while you may get some of what you want. A while after that, you'll be able to get less and less.

[valhala56]

To me the arguement about abiotic oil is academic. It doesn't really matter if the earth creates an abiotic Oil or not. It's what we can Produce. There may be 100 Trillion Bbls of Oil on Mars but if we can't get to it then it is useless.

[jimbobubbadj]

@valhala56 Indeed.

[nic0245]

@MikePresents2 read "deep hot bioshere :the myth of fossil fuels". by thomus gold, a guy with so many qualifications. if you check it out at amazon, you can see a preview. just so you know. i have had enough of utube trolls today.

[jimbobubbadj]

@MikePresents2 Thats cool. Its good for one to be challenged. It helps me to stay on my toes and to help me refine my videos.

[MikePresents2]

@jimbobubbadj, Yea, maybe someday when there's more trust in the system(s) that govern us (nature aside), we can reach a closer agreement. You did get me thinking, and that's always a good thing.

[jimbobubbadj]

@MikePresents2 I'm for alternative energy but its nowhere near the level of replacing oil. The system can't even maintain the infrastructure that it has now and Obama is talking about some grandiose replacement? We will have to agree to disagree about oil production.

[MikePresents2]

@jimbobubbadj, Ok, I agree that supply isn't keeping up with demand, but that's only because 'they' control the supply to keep profits up.

All that aside, oil is nasty stuff. Why aren't people investing in Geo-themal energy?

[jimbobubbadj]

@jimbobubbadj Its the links.