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thethief
Coal
Joined: Jun 30, 2006
Posts: 17
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 Posted: Fri Jun 30, 2006 8:58 pm Post subject: Only 20-25% of oil has been consumed according to ExxonMobil |
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http://ccbn.mobular.net/ccbn/7/1532/1692/
Page 11.
If you look on the pages preceding it's also very interesting. They predict 60% of our energy will come from oil and gas in 2030.
Why would XOM delude themselves or lie when it comes to oil? They have EVERYTHING to lose. |
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rwwff
Fission
Joined: Apr 28, 2006
Posts: 2897
Location: East Texas
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| Posted: Fri Jun 30, 2006 9:18 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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| thethief wrote: | | Why would XOM delude themselves or lie when it comes to oil? They have EVERYTHING to lose. |
The purpose of the document is not about 2030, its about next weeks' share price. Its purpose is to make people feel confident about buying ExxonMobile for long term holding. If people thought that oil was running out, they would be hesitant about holding XOM; which, to be blunt, makes it hard for management to turn options into dollars. |
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thethief
Coal
Joined: Jun 30, 2006
Posts: 17
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| Posted: Fri Jun 30, 2006 9:52 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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| I'm supposed to believe a bunch of clandestine conspiracy theorists over people that have hundreds of trillions of dollars at stake? Give me a break. |
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MonteQuest
Elite
Joined: Sep 06, 2004
Posts: 13460
Location: Sedona, Arizona
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| Posted: Fri Jun 30, 2006 10:02 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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How about Chevron then? From their ad:
“It took us 125 years to use the first trillion barrels of oil. We’ll use the next trillion in 30.”
_________________
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
Live in Arizona? Check out: http://sustainablearizona.org and read my blog. |
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MonteQuest
Elite
Joined: Sep 06, 2004
Posts: 13460
Location: Sedona, Arizona
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| Posted: Fri Jun 30, 2006 10:07 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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| thethief wrote: | | They predict 60% of our energy will come from oil and gas in 2030. |
63% of our primary energy comes from oil and natural gas today.
Guess they figure we aren't going to develop any alternative energies that will make much of a difference. 
They hope there is just more oil to be had.
| ExxonMobil wrote: | Wind and solar energy growth will likely average about 11 percent per year, driven by subsidies and related
mandates. Even with this strong projected growth, their
share of total energy in 2030 will be only about 1 percent. |
_________________
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
Live in Arizona? Check out: http://sustainablearizona.org and read my blog.
Last edited by MonteQuest on Fri Jun 30, 2006 10:33 pm; edited 1 time in total |
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ashurbanipal
Heavy Crude
Joined: Sep 13, 2005
Posts: 276
Location: A land called Honalee
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| Posted: Fri Jun 30, 2006 10:11 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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Why would Exxon/ Mobile delude themselves and others when it comes to oil? I think you answered your own question (and in fact this is how I originally thought you meant it):
They have everything to lose.
Suppose you have something of great value and you know that soon it will be gone. Wouldn't it be very human to delude yourself about it? Don't most people subconsciously believe that they will live forever?
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In a world that is not whole, you have got to fight just to keep your soul.
-Ben Harper- |
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greenworm
Light Sweet Crude
Joined: Jan 27, 2006
Posts: 1368
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| Posted: Fri Jun 30, 2006 10:14 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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| Quote: | | If people thought that oil was running out, they would be hesitant about holding XOM |
Why would anyone hold this stock, it's a dog. The shareholders in the last couple of months want answers, cause they see the fat bloated corporate pig Lee Raymonds making off with billions while this hopeless stock barely moved despite the windfall profits. 
I wonder how long shock and awe, terror, hurricanes, more terror, Iranian bombs, etc. etc. can support this bloated price of a commodity? |
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MonteQuest
Elite
Joined: Sep 06, 2004
Posts: 13460
Location: Sedona, Arizona
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| Posted: Fri Jun 30, 2006 10:18 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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And if you read page 11, you see that they state the inflated USGS "paper barrels" of 3.2 trillion, while ASPO and other geologists think it is closer to 2 trillion.
They also add in the tar sands and oil shale which cannot be compared to conventional oil in price, quality, scalability or production.
And the bottom line here is at what cost?
Peak oil is about the cost of energy, not so much it's availability.
_________________
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
Live in Arizona? Check out: http://sustainablearizona.org and read my blog. |
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rwwff
Fission
Joined: Apr 28, 2006
Posts: 2897
Location: East Texas
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| Posted: Fri Jun 30, 2006 10:20 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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| greenworm wrote: | | I wonder how long shock and awe, terror, hurricanes, more terror, Iranian bombs, etc. etc. can support this bloated price of a commodity? |
Long enough for the Chinese and Indians to get in the game and ramp up demand to the point that the price can be sustained till the end of time.
You don't think any of George Bush's friends get quarterly royalty checks from oil and gas leases in Texas? |
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MonteQuest
Elite
Joined: Sep 06, 2004
Posts: 13460
Location: Sedona, Arizona
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| Posted: Fri Jun 30, 2006 10:38 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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They are betting on the come.
| Exxon Mobil wrote: | Fossil fuels will continue to provide the majority of energy
through 2030. These are the only fuels with the scale and
flexibility to meet the bulk of our global needs over the
next 25 years...Growth in oil demand will be driven by increasing transportation
needs, especially in developing countries. Oil is uniquely suited
to transport needs; there is no practical alternative to oil on a
global scale in the near term. |
They easily make the doomer , "no techno-fix" case and explain the war in Iraq.
_________________
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
Live in Arizona? Check out: http://sustainablearizona.org and read my blog. |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6417
Location: Oil-addicted Southern Californucopia
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| Posted: Fri Jun 30, 2006 11:00 pm Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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| rwwff wrote: | | The purpose of the document is not about 2030, its about next weeks' share price. Its purpose is to make people feel confident about buying ExxonMobil for long term holding. If people thought that oil was running out, they would be hesitant about holding XOM; which, to be blunt, makes it hard for management to turn options into dollars. |
Amen, brother. Nice, concise summation of what it's all about. What we have here is a handful of guys concerned solely about their personal fortunes and absolutely nothing else. They're directing the company's PR department to spout this crap purely to support the value of their portfolios.
_________________
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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Concerned
Light Sweet Crude
Joined: Sep 23, 2004
Posts: 1536
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| Posted: Sat Jul 01, 2006 12:03 am Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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| thethief wrote: | | I'm supposed to believe a bunch of clandestine conspiracy theorists over people that have hundreds of trillions of dollars at stake? Give me a break. |
Wasn't Ken Lay and the gang at Enron talking up the stock while the company was crashing.
Yes they have alot of money invested and they need to get it OUT before the saps (you and me) are left with an IOU and no assett backing.
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"Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb |
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SILENTTODD
Intermediate Crude
Joined: May 06, 2006
Posts: 873
Location: Tustin, CA
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| Posted: Sat Jul 01, 2006 1:41 am Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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OH BOY!
When do they start selling the 24cent a gallon gas again? (what I actually paid in 1972) I want to be the first in line! |
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SoothSayer
Light Sweet Crude
Joined: Mar 02, 2006
Posts: 1194
Location: England
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| Posted: Sat Jul 01, 2006 2:48 am Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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Ok TheThief, what's your background?
Your only 2 posts in this forum seem to be pushing XOM and disparaging Peak Oil.
Do you have shares in XOM?
Are you simply looking for "good news" so you can get back to your SUV, family, career and pension plan?
(And, yes, you are right there seem to be many Conspiracy Theorists here .... don't know why. It drives me nuts too ... BUT ... the other interests of the forum members does NOT mean that Peak Oil is a fallacy ... sorry about that)
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Technology will save us! |
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americandream
Light Sweet Crude
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Joined: Oct 18, 2004
Posts: 1927
Location: kiwibush
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| Posted: Sat Jul 01, 2006 6:02 am Post subject: Re: Only 20-25% of oil has been consumed according to ExxonM |
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Keep takin em pills
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Bugger me, I hear oil's runnin out mate! |
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