Posted on 03/20/2010 12:45:18 PM PDT by bananaman22
Define “peak oil”.
With the Tupi field just discovered, and the reassessment of the Orinoco field?
That's a joke.
I guess oil prices will be going lower then.
The USA has 4 to 5 times the Saudis reserves in oil, coal diesel, shale oil, permafrost hydrate gas, etc. This does not count offshore. The Saudis own Obama, the Dems and environmentalists. The Dems keep making energy rich federal lands into parks for their Saudi bosses.
Were we to start an offshore drilling program, then, yes, we may have a minor effect.
Peak Oil = Peak Gullibility = Peak Stupidity
How long ago was peak whale oil? Peak Lumber?
And yet, our political leadership believes that we have the luxury of not drilling for our own oil, a position that any other country in the world would refuse to do.
See, the Democrats really do believe in American exceptionalism!
The Saudi’s OWN the US Congress.
If we, the US of A, had a National Energy Policy we would not be in this predicament.
What we have is a National Energy Policy of refusing to admit there is a problem and blinders to our own national resources.
I’ll define it for ya so this article will make sense...
Forget the environmentalist’s definition of peak oil.
Peak oil is when we reach a point where oil exploration and production is no longer flexible enough to adjust perfectly with oil demand.
In otherwords, pure capitalism is no longer in play in the oil industry. there is a rigidity imposed on the markets that resists flexibility in supply. Lots of things contribute. Let me attempt to list the culprits:
1. environmentalists’ restrictions on energy development
2. taxes
3. regulation
4. oil cartels (ie OPEC)
5. cap and trade
6. subsidized renewable energy
7. tyrannical totalitarian mismanagement of third world oil resources
8. Energy producer nations and energy consumer nations are increasingly mutually exclusive groups.
9. corruption
10. loss of confidence in the US $dollar
Peak oil=crashed dollar
Obambi continues to serve Islam.
I dissagree.
I think “peak oil” is an excuse to enable government to continue inaction and to avoid blame.
However, I won’t completely rule out your idea either.
“Welcome to Free Republic.”
(last Wednesday)
Peek oil is like peek healthcare. Artificial shortages designed to control sheeple.
I don't see it as inaction. They have banned offshore drilling. They shut down oil shale development and drilling on government land. They stop new technology and they stop new refineries. Their action is to stop oil so the big international crooks like soros can make billions.
Include refining in production (and I think you do) and you've got it. There may be plenty of oil and oil equivalents in the ground, but if you can't meet a year's demand for barrels per year, you will get much, much higher prices.
The peak oil argument stupidly stated is that "the sky is falling, we've used up all of the oil." Understandably, many posters disagree with that, as do I. The peak oil argument intelligently stated--as by you--is that we may not be able to deliver oil products at the rate the economy demands within the accustomed price range. This causes increased prices, which both reduces demand, and after a time of investment, eventually increases supply. So, the "peak oil" claim of much higher prices makes sense to me.
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