Posted: Fri Sep 07, 2007 4:24 am Post subject: Oil price up on US supply slump. Hello Peak Oil.
Quote:
US Energy Information Administration figures showed that American crude reserves had slumped by 3.9 million barrels in the week to 31 August. Analysts had expected a drop of about 2.2 million barrels.
Meanwhile petrol inventories fell by 1.5 million barrels.
The new head of the International Energy Agency (IEA) said the high oil prices were sending a message to Opec about the tightness of the market.
Nobuo Tanaka took over as head of the Paris-based agency at the start of the month.
"The price level is a signal. The market is still very tight, but our concern is what will happen in the future," he said.
He added that it was too early to judge what the effect of the turmoil in financial markets would be on demand for oil.
"We will have some kind of assessment by the end of the year."
Joined: May 15, 2005 Posts: 4142 Location: THE MATRIX
Posted: Fri Sep 07, 2007 4:31 am Post subject: Re: Oil price up on US supply slump. Hello Peak Oil.
In related news Opec president says no shortage of oil so no worries _________________ It is easier to enslave a people that wish to remain free then it is to free a people who wish to remain enslaved.
Posted: Fri Sep 07, 2007 4:41 am Post subject: Re: Oil price up on US supply slump. Hello Peak Oil.
NEOPO wrote:
In related news Opec president says no shortage of oil so no worries
It is very obvious to me that there is no shortage of oil.
Luckily everybody else believes this and we all buy new cars because we must want to all partake in extreme sports such as rope less bungee jumping off a cliff.
The peak oil sceptics are growing by the day now in the UK with once peak oil advocates deciding to take the blue pill and join the ranks of said skeppers.
However, one way or another, we are going to know for certain this year and it all rests on whether OPEC will (can) increase. The US reserves will continue to slide.
The US want this so that, at some convenient moment soon, they will scare the crap out of their own public by saying,
'we all gonna die unless we fix this oil shortage problem and we need to get Iran and their oil as they as a memeber of OPEC are holding back our oil and before they get nukes '... sort of thing and the neocons get re-elected....so expect something rather big within 6 weeks.
Joined: Aug 11, 2005 Posts: 722 Location: Eastern NC
Posted: Fri Sep 07, 2007 7:30 am Post subject: Re: Oil price up on US supply slump. Hello Peak Oil.
Perhaps an announcement at the next G7 meeting will be forthcoming.
Kevo, do these Neocons you speak of include the conservative leaders of Germany, France, and now Hilleary who states we'll be in Iraq a long time?
Joined: Sep 14, 2004 Posts: 6468 Location: Rural Virginia
Posted: Fri Sep 07, 2007 7:34 am Post subject: Re: Oil price up on US supply slump. Hello Peak Oil.
I think you're reading too much into the "supply slump." It's probably just part of the endless short-term fluctuation.
We will only know with 20-20 hindsight when the peak occurred. _________________ "Actually, humans died out long ago."
---Abused, abandoned hunting dog
"Things have entered a stage where the only change that is possible is for things to get worse."
---Me and my brother
Posted: Fri Sep 07, 2007 8:45 am Post subject: Re: Oil price up on US supply slump. Hello Peak Oil.
If you regard the political concerns from the perspective of global Realpolitik then the coordination of decisions by the first world countries becomes inevitable rather than sinister. Don't get me wrong, what is going on at the moment is evil and cowardly (I think those two words always go together). yet, what are the power elite to do?
Many of the decisions that must be made should have been implemented decades ago. It is way too late to do much of any about global warming.
Our Canadian Prime Minister, speaking in Australia today say he want's Canada to be a world leader in combating global warming by 2050. What?
Places like New York and London are going to be fighting to keep the water out in 30 years or less. The arctic will be ice free that majority of the year in 30 years.
To truthfully prepare for Peak Oil and global warming, now, will cause the collapse of the first world economies. Compound that with the imminent collapse of the US economy. The populations of these countries will become very violent if the leaders even try. No one is prepared and certainly few are willing to act.
Fishman wrote:
Perhaps an announcement at the next G7 meeting will be forthcoming.
Kevo, do these Neocons you speak of include the conservative leaders of Germany, France, and now Hilleary who states we'll be in Iraq a long time?
_________________ Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
Joined: Jan 16, 2005 Posts: 318 Location: Delft, Netherlands
Posted: Fri Sep 07, 2007 8:52 am Post subject: Re: Oil price up on US supply slump. Hello Peak Oil.
Peak oil will only be recognised when ALL oil production has stopped, probably around 2100 or 2200. Before that time, people will believe that OPEC or the oil majors or party X are 'holding back' the flow of oil for commercial or geostrategic power purposes.
Also, the major resource wars that will come soon will further cloud the picture: maybe after *they* are finished (around 2050?) then oil production can make a new peak? Who can say? The wars will certainly start that way: politicians saying that if only we can conquer a certain country then world oil production will increase again to new heights?
In short: I don't seriously believe peak oil will EVER be acknowledge by TPTB!
So better start practicing how to survive in a Kafkaian, Orwellian nightmare. Here is a tip: forget all about truth, ethics and morality, concentrate on greed and start kicking some heads in, literally or figuratively! But take care you don't get caught! Look to the Bush/Cheney clique on how to do this most effectively.
Joined: Jan 16, 2005 Posts: 318 Location: Delft, Netherlands
Posted: Fri Sep 07, 2007 9:41 am Post subject: Re: Oil price up on US supply slump. Hello Peak Oil.
KevO wrote:
Nano wrote:
Peak oil will only be recognised when ALL oil production has stopped, probably around 2100 or 2200. .
Find it hard to believe? For me it is simple, because I realise fully that the stupidity, naivete and illusion of man knows no bounds. An individual can be intelligent or wise, but a group of persons is eternally as clueless as a sack of potatoes, being driven exclusively by base stimulus response, if by any brain activity at all.
I've heard personally from the president of the Dutch oil company Shell that he sees no problem in oil supply well into the NEXT century! People will buy that sort of claptrap, simply because *people* are unable to think: only individuals can think. People will always believe what they need to believe to survive in their minds, no matter how ridiculous. That is why problems that transcend the individual *always* come to full fruition and subsequent disaster.
Mankind has demonstrated that it *never* learns from history. Automatically, that means it can *never* learn from models of the future, nomatter how rigourous such models are set up. That is why I believe that peak oil, being purely a model conclusion, will never be accepted. Always there will be fools or racketeers selling the message that a new peak is just around the corner, if only we ... (fill in ridiculous plan here)
Posted: Fri Sep 07, 2007 12:27 pm Post subject: Re: Oil price up on US supply slump. Hello Peak Oil.
There is a limit to cooperative international realpolitik on peak oil, and the limit is this: between them the nations in that elite club make up almost all consumption. With a supply ceiling in place and descending, there is no-one to squeeze except each other.
In the medium to long term, international cooperation will diminish, not grow. Conspiracies will increasingly be unilateral. You can already see EU members growing increasingly rebellious in matters energy-related, and the UK is slowly waking up to the fact that its model cooperation is not being reciprocated. One sign of this will be the Large Combustion Plants Directive quietly becoming irrelevant. Anyone up for shutting down all their opted-out coal-fired power stations by 2015? Our needs were greater, they will say. And needless to say anyone betting on a break-up of French and German energy national champions will be disappointed.
We paid for trials by jury. We made jury trial DEMANDs. But we have not gotten our trials by jury guaranteed inviolate by 7th amendment and rule 38. We have been cheated out of our money.
Judgments to deny us our guaranteed right are voidable under Rule 60(b)(4).
We will move to void at Tenth Circuit.
Please help get these unfortunate matters settled before they get FAR WORSE.
Quote:
The Powder River Basin in Wyoming and Montana is the largest known coal deposit in the United States with an estimated 550 billion tons of federally owned coal in the ground, but only 1.5 percent of it is currently available for mining, according to a new federal report.
The remainder is either off limits entirely because mining is prohibited by law, such as areas designated as wilderness, or is not being mined because the coal is unreachable or the land is being used for other purposes.
Greg Schaefer, spokesman for Arch Coal Inc., which operates two mines in the Powder River Basin, said the coal in the basin is shaped like a bathtub, with the edges near the land surface and then dropping deep underground in the middle.
‘‘That coal can be several thousand feet deep in the middle,’’ Schaefer said. ‘‘There’s no technology for that kind of operation.’’
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