Peak Oil?

peal oil imagesThe Guardian is reporting a whistleblower at the International Energy Agency the world is saying we're much closer to running out of oil than official estimates admit. The allegations raise serious questions about the accuracy of the organisation's latest World Energy Outlook on oil demand and supply that help guide energy and climate change policies worldwide.  Peak oil in the USA happened in 1974, but we didn't realize it for a decade.  Worldwide peak oil has probably already happened, and we need to move to renewables as fast as possible.

Yesterday on CNN, FreedomWorks head Dick Armey defended the health insurance cartel's discriminatory practices by saying that if you have diabetes because you “eat like a pig,” you don’t deserve coverage.  This man will say anything to defend the indefensible practices of the gangsters who write his fat paychecks.

In Stranger News...In an interview with Sky News Australia last week, Rupert Murdoch, the owner of Fox News’ parent company, said that Glenn Beck was ‘right’ to say Obama is ‘A Racist’ with ‘a deep-seated hatred for white people.’  I guess it takes one to employ one.

Comments

Janaki Lessard (not verified) 12 years 32 weeks ago
#1

Hi Thom,
My dad sent this to me. It doesn't jive with what is being said here in regards to peak oil, etc. I'm confused!

Ed, about 6 months ago I was watching a news program on oil and one of the Forbes Bros. was the guest. This is out of context, but this is the actual question as asked. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer, how much oil does the U.S. have in the ground." Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below.

The U. S. Geological Service issued a report in April ('08) that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota ; western South Dakota ; and extreme eastern Montana .... check THIS out:

The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

'When I first briefed legislators on this, you could practically see their jaws hit the floor They had no idea..' says Terry Johnson, the Montana Legislature's financial analyst.

'This sizable find is now the highest-producing onshore oil field found in the past 56 years' reports, The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' And it stretches from Northern Montana, through North Dakota and into Canada . For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!

That's enough crude to fully fuel the American economy for 2041 years straight.

2. And if THAT didn't throw you on the floor, then this next one should - because it's from TWO YEARS AGO!

U. S. Oil Discovery- Largest Reserve in the World!
Stansberry Report Online - 4/20/2006

Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?

They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:

- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it's all right here in the Western United States .

HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?

James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.

Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?

Got your attention/ire up yet? Hope so!

--------

By the way...this is all true. Check it out at the link below!!!
GOOGLE it or follow this link. It will blow your mind.

http://www.usgs.gov/newsroom/article.asp?ID=1911

Mena & Dave (not verified) 12 years 32 weeks ago
#2

Just a note to say Dave has had his surgery, was up walking today and will be back at the villa tomorrow to start hydro and physical therapy.

Mitch from Sycamore (not verified) 12 years 32 weeks ago
#3

I am sorry to hear that Dustin is in pain and not currently doing well. However, he mentioned that he has a master's in nutrient cycle. I am looking for people with skills that can be used to fight global warming. If he responds when he is better, please give him my e-mail address.
thanks
Mitch

Jim Houser (not verified) 12 years 31 weeks ago
#4

Janaki,

You and your dad should introduce yourselves to snopes.com. There you will learn that the Bakken Formation "may" hold as much as 4.3 billion barrels (about equal to 1 years imports) of oil, not 500 billion barrels. Sorry about that. Better luck next time. http://www.snopes.com/politics/gasoline/bakken.asp

Ken (not verified) 12 years 31 weeks ago
#5

Hello Thom,

I come from Hong Kong. I have read your book, The Last Hours of Ancient Sunlight, and much like it. Thank you! :)

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