Peak Oil and the Arctic

Peak oil is increasingly on people's minds as they refuel, watch air travel costs escalate, and wonder why no one warned them it would happen. Wake up, people. You were warned over 50 years ago, and your political leaders have been leading you down a creek without a paddle. The same leaders who told you climate change is a myth. Guess what? There is a connection. For a connection with Australian politics see http://affiliate.kickapps.com/kickapps/_End-of-the-Big-Party/video/242838/305...

Category:

News & Politics

Tags:

• peak
• oil
• climate
• change
• energy
• politcal
• leadership

[776281]

When you start diging into the facts the picture is even worse. Some experts believe we peaked 2005.

Ghawar (world no1) Saudi has been injected with sea water to extend the life of the field, Some wells are now producing 40% water.

Cantarell - Mexico (No 2) has been subject to nitrogen injection and is in serious decline. Mexico maybe an oil importer in 2/3 years.

Tar sands are expensive to process, Chevron is drilling in 7,000 ft of water. China and Russia are drilling 40,000 ft wells

[philipmach]

@776281 Update: IEA's Outlook 2010 shows that we hit the peak some time around 2005 for "conventional" oil, and deep-sea oil and tar sands are what are hiding this, but their projections show the peak even allow for "unconventional" oil is not far off. They try to cover this up by predicting a rapidly growing contribution from oil fields yet to be discovered, a pure work of fiction. Conclusion: trouble brewing.

[etzel33]

The military budget of the US should be added to the cost of US imported oil IMO. Good video sir. We bury our heads in the sand and hope a tsunami of change doesn't overwhelm us.

[111WLee]

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[philipmach]

Sorry, backwardworld, I accidentally removed your post where you said "skeptics" say rising atmospheric CO_2 is as a consequence of rising temperature. The same science applies as with debunking abiotic oil. Biochemistry favours C-12 over C-13 so biologically-sourced carbon has much more of the lighter isotope than the background rate, which you can measure in CO_2 in the air and carbon in fossil fuels. This is a point that climate inactivists and abioticists (if that's a word) cannot answer.

[philipmach]

Search theoildrumDOTcom to get informed opinion on abiotic oil.

They are not starting to fill up again. There have been cases of short term increases from inflows but I've yet to see a case of longer-term increase. Better technology is making it possible to extract more. Where do you get your distinction between private businesses and government? Where do you think George W Bush came from?

[philipmach]

No one in the industry took Hubbert seriously at the time he made his predictions. In any case if you think oil is not primarily of biological origin, how does that help? I have yet to see a mechanism that would allow it to be replenished at a rapid rate. We are burning it into the atmosphere where CO_2 is accumulating. An abiotic theory of oil would need a massive source yet to be identified to replace what's being used.

[backwardworld]

Yes there is oil all over the world, that is my point, it's just cheaper in warm climates because of its texture (this is my realization after watching your vid). The British went to the Mid East first, doesnt that help my point more than yours? Global warming is not my expertise so I will not comment on it, I just wanted to make sure you addressed their argument correctly or else you are using a sraw man argument.

[philipmach]

I don't see why it's absurd. The carbon cycle is well understood. Provenance of fossil fuels can be measured by radioactive carbon dating. Plate tectonics could have buried organic matter deep. If a substantial fraction didn't become fossil fuels, where else did it go? Hundreds of millions of years of life lived and died on this planet. After the Permian-Triassic extinction, coal formation stopped for 10-million years. Why would that happen if fossil fuels were abiotic.

[backwardworld]

Like I have mentioned, the peak oil theory is partially true in that the oil wells in Southern United States were mostly dry (although some of the old wells are starting to fill up again) so private oil cartels started using the Middle East because it is cheaper than digging in Alaska (where oil is more dense in the cold environment and harder to extract). When have private buisinessmen ever cared about national security? (Maybe they understand things that we don't)

[backwardworld]

Hubbert, inventor of the peak oil theory worked for Shell, coincidence? Do a google search on Russia and aboitic oil. The fact of the matter is that Russia is pumping out vasts amounts of oil and they (like 776281 mentioned) are digging very deep and coming up with great results.