Alex Jones says Peak Oil is a fraud!

Originally posted by SkipShipman
Will this Entire Section get it Right?

"Peak Oil," has absolutely nothing to do with actual available reserves, but with refinement capacity, a deliberate choice from the increasingly top layered oil cartels.

It sounds as if you are changing the definition of Peak Oil into something else. That's like saying "Global Warming has nothing to do with CO2 in the atmosphere, but deforestation." Refining capacity is a related issue, but Peak Oil has an accepted definition which everyone discussing it accepts, regardless of whether you believe it or not. We can't have a discussion if we don't even agree what the words mean.

What you describe would be called the "Great Refining Capacity Crisis," if there is such a thing. The failure to build additional refining capacity in the US is attributable to several things -- strict local and state opposition to additional polluting industry in their state, the ability to build refining capacity overseas or over the border (California's new LNG port will probably be built in Baja California), and oil multinationals reluctance to invest in additional capacity when supply is dwindling. It's like building extra seats for a Montreal Expos game. What's the point?

More centralized ownership of refineries, and oil supplies are at issue. More mergers of an already heavily concentrated industry that also owns the media is the problem with "Peak Oil."

The oil industry in the West is highly concentrated and will continue to merge because there are fewer and fewer places for them to explore. This is called "drilling on Wall Street..." The oil majors need to replace the reserves they are depleting; most reserves in Canada and the US are already discovered and owned, so in order to grow they are buying out the smaller companies.

However most of the global reserves are owned by State oil companies, like Saudi Aramco. This chart illustrates the point pretty succinctly:


Oil majors like Exxon and BP are barred from owning state-owned oil industries outright. That's why the fuss over Russia nationalizing Yukos, among other things.

...There are massive gas and oil reserves just offshore in the Gulf of Mexico, now simply build the infrastructure and you can profitably produce and sell petroleum products at a much lower price driving the overall economy. Existing reserves in Alaska can fill every need of the entire United States for a very long time, however at current flows of the market most all of that oil goes to Asia. That is why "opening the Alaska reserves," as the White House wants to do, is absurd when almost none of it reaches the United States.

These are bold claims that require proof. Even a cursory familiarity with the energy industry would show that these are extraordinary claims that if true, mean that every single driller in Alaska and the GOM is lying to the SEC about their stated reserves in their financial reports. What are your sources? Drilling in ANWR is a drop in the bucket. Production in the Gulf of Mexico is dropping; Cantrell, the second largest oil field in the world, has already entered decline, according to Pemex.

The problem right now is that planned shortfalls in refinement capacities results in this "Peak Oil," propaganda campaign. Well I suppose you cannot blame Ruppert for taking money either directly or indirectly from this oil cartel. He appears to be a primary proponent of it; hey you got to make a living don't you?

Just because Michael Ruppert has taken this publicly available information and woven it into his own unique worldview does not discredit an entire scientific field. That's like saying all SETI projects are a giant fraud because the Heaven Gate's cult used bizarre writings to encourage suicide.

Well for those people who want to face the full gamut of facts, such things are not entirely a fantasy but rather direct planning. You are paying inflated prices right now; an educated guess is more than 20 times production costs. Face it and get it right.

This group should be renamed "Peak Oil Fraud."

You really haven't presented any facts or demonstrated much understanding of the energy industry in your scathing attack on this entire forum.

Your post sounds somewhat emotional. It can be shocking when you first learn about Peak Oil, when the implications sink in that a lot of our way of life is under threat and could possibly rapidly decline because of a lack of foresight and leadership and some rather unfortunate economic laws.

We can all hope that Peak Oil will happen slowly and that the extreme scenarios people like Ruppert present are unlikely. We can work together to try and overcome the problem, or we can live in denial and blame easy targets like the oil industry, the politicians, or the Arabs.

The truth unfortunately is more complicated and more tragic than that.

How does it go?

Shock - Denial - Anger - Acceptance?

I hear two things from denialists - (1) "WE HAVE UNTAPPED OYLS" and (2) "TECHNOLOGY WILL SAV YTEH DAY"

Both of these points have been shot down again and again. Why do people cling to them so?

Zip

I hear two things from denialists - (1) "WE HAVE UNTAPPED OYLS" and (2) "TECHNOLOGY WILL SAV YTEH DAY"

You are correct on reason number 1 as for number 2 it's too early to say, we cannot anticipate technological breakthroughs. You shoulda said "But Oil is a self-sustaining resource, it's Abiotic" etc etc.

Peak Oil Proves Alex Jones is a Fraud!

Originally posted by mrmulder
So now I ask you. Who is telling the truth in regards to oil? Is it Alex Jones who claims the Peak Oil theory is all a hoax or is it Mike Ruppert of From the Wilderness who has claimed that he has proven that peak oil is for real? Your comments and thoughts would be most appreciative.

Alex or Mike... that is the question.. or is it?

Let's remember, they're both pushing products. And you know, Mrmulder, I've read both gents extensively. As I"ve mentioned to you before, I think Jones tends to be a bit on the hysterical side. And Mike's urging us to just move on - away from bringing those who are behind 9-11 to justice.

Everything I've read from Mike Ruppert seems to hold up. He sources well. And is not one prone to hyping or hysterics.

Let's move on from both of them. One thing is clear. Peak oil IS for real. It's gonna happen if it hasn't already. And to that I say, none of the experts in the industry can even agree on the when. But, the one thing they do agree on is the reality of it.

The main thing I like to impress upon people is, get ready now. Do whatever you can to make yourself less reliant on oil. There is a multitude of things you can do to prepare. If you don't wanna believe in it, so what. Get yourself ready for bad times anyway. If it happens, you'll be glad you did. If it doesn't and your city gets sacked by a natural disaster, or terrorist attack, you'll be even more glad you were ready for meltdown.

Preparation is wisdom moving.

Maybe Peak Oil is real, but the Elite are defiantly over exagerrating to earn more money, surely most of you would agree with that.

Originally posted by aelphaeis_mangarae
Maybe Peak Oil is real, but the Elite are defiantly over exagerrating to earn more money, surely most of you would agree with that.

If peek oil is real, and people are starting to realize it may be sooner than later, then the price will increase in anticipation, even if there's no change in current production or current consumption. Why? Because if the future value is thought to be higher than previously believed in a shorter time frame, then the present value increases as well.