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Originally posted by nixie_nox
I fail to see how the oil crisis disproves the peak oil theory.
Originally posted by atlguy
We all remember BP's original statement that they were losing 5,000 bpd from the well. Then scientists said it was more like 100k bpd. Then the government said that it was about 10k bpd - not 100k. A few weeks later, they said "Ok - maybe it is 100k bpd."
Now we've got new figures of 350k bpd spewing out of the wellhead, (ATS Link) and a total of 420-840 MILLION barrels leaked so far. (ATS link)
To me, it all seems to point to one thing - BP was lying from the outset about the amount of oil this well was producing before the explosion.
At 09:45 p.m. CDT 20 April 2010, during the final phases of drilling the exploratory well at Macondo, a geyser of seawater erupted from the marine riser onto the rig, shooting 240 ft (73 m) into the air. This was soon followed by the eruption of a slushy combination of mud, methane gas, and water. The gas component of the slushy material quickly transitioned into a fully gaseous state and then ignited into a series of explosions and then a firestorm. An attempt was made to activate the blowout preventer, but it failed.
Originally posted by fixer1967
The fossil fuel theory will go down beside the flat earth theory in the history books.
Originally posted by poet1b
If peak oil is a myth, then why are they drilling these deep water well which are so risky and expensive?
Why haven't all those old oil wells filled up with fresh sweet crude if this unproven ambiotic oil process exists?
Earth's oil productivity peaked in 2005,and the Saudis are barely meeting their current oil production levels, which are down considerably from 2005.
The easy to get, sweet crude is running out, and BP trying to cover their arses on how much crude has gushed into the Gulf isn't proof that peak oil isn't a well documented fact.
Originally posted by atlguy
I think the smoking gun is in plain-sight - surrounded by little unmanned subs and blowing hundreds of thousands of barrels a day into the gulf.
Originally posted by atlguy
To me, it all seems to point to one thing - BP was lying from the outset
Originally posted by atlguy
We all remember BP's original statement that they were losing 5,000 bpd from the well. Then scientists said it was more like 100k bpd. Then the government said that it was about 10k bpd - not 100k. A few weeks later, they said "Ok - maybe it is 100k bpd."
Now we've got new figures of 350k bpd spewing out of the wellhead, (ATS Link) and a total of 420-840 MILLION barrels leaked so far. (ATS link)
To me, it all seems to point to one thing - BP was lying from the outset about the amount of oil this well was producing before the explosion. If they're lying about this one, they're probably lying about ALL of the ones they own, as are the owners of every other oil well on the planet.
Why would they lie about it?
For starters, everyone here knows about the "peak oil" theory. If the petrocompanies say that oil is getting harder to get out of the ground, they charge more for it and we end up getting hosed. Meanwhile, they continue to set record after record in regards to company profits.
What do you think would happen if instead of having to pump like hell to get oil out of the ground, that oil was practically GUSHING out of their wells? Better still - that the wells were not "running dry" as we've been told, and were instead being replenished via a chemical process near the core of the earth (abiotic oil)? That the oil companies were shutting down "dry wells" just to keep the lie alive?
The answer is that the world economy would crash and crash hard.
By and large, most nations are deeply vested in petrodollars. Were oil to suddenly drop in price to $5 a barrel, many countries would simply implode - mainly the OPEC cartel and our pals in the big oil companies. They have nothing to lose and everything to gain by propagating the myth of peak oil.
I think the smoking gun is in plain-sight - surrounded by little unmanned subs and blowing hundreds of thousands of barrels a day into the gulf.
Originally posted by DizzyDayDream
Im cautious about this kind of conjecture. Sure, peak oil could possibly be fiction. But does that necessarily mean we can forget about our environmental aspirations to fuel the world with a non-polluting, sustainable source of energy. No, i sure hope not. We cannot live on oil forever, peak or plateau.
Originally posted by Morpheas
I believe peak oil is real.. just because a few wells are refilling doesn't count for the thousands that aren't.