Posted: Sat Aug 12, 2006 10:46 am Post subject: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
www.prisonplanet.tv/articles/august2006/040806palast.htm _________________ people are going to persue whatever they percieve to be in their own interests and thats always changing because everything in life is in constant motion
Posted: Sat Aug 12, 2006 11:12 am Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
Cant view/read it, have to subscribe and I dont have time today. But this will be interesting to see how it plays out. I would assume a recent find this big would be all over the news, and if that is an old idea, it should be well known.
Dont you have to wonder if someone knows something no one else does. The claims some pple make are astounding. Where do they come from??? Will have to check it out tomorrow and see what this is all about. Got that site bookmarked.
Posted: Sat Aug 12, 2006 11:22 am Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
I'm betting its the same thing that Canada pulled a few years back. They moved their tar sands into a "proved" category of reserves and claimed them on the countries books.
Venezuela hasn't done the same thing with the Orinoco belt yet, but when they do, 5X Saudia Arabia is about the right size.
Posted: Sat Aug 12, 2006 1:46 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
I'm tired of telling people that this stuff (tar sands, super heavy oil, shale) is a non-issue, one which will benefit few if any. If they want to believe all of this hype and continue in their stupidity, then that's fine with me. I'm tired of these children's games. _________________ I want to put out the fires of Hell, and burn down the rewards of Paradise. They block the way to God. I do not want to worship from fear of punishment or for the promise of reward, but simply for the love of God. - Rabia
Posted: Sat Aug 12, 2006 3:01 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
Its nice how they make it seem like getting oil from the tar sands is equivalent to pumping sweet crude from the ground. When natural gas prices go up the cost of extracing the oil will skyrocket and everyone will be Fark. We've already painted ourselves into a corner though so it hardly matters now, midas well let people think theres a way out.
Joined: Oct 18, 2004 Posts: 1911 Location: kiwibush
Posted: Sat Aug 12, 2006 5:09 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
You guys have got to appreciate.....Peak Oil is being driven from the US (West)...some of it's proponents are in the CFR....just at a point in time when Western economic hegemony is being challenged by Chindia......and all in the midst of Iraq, WMD's, Osama pyjama the banana, Iran and Lebanon jumping in the background....
let's just say that some suspect that the "white man" of the MSM spun democracy ain't as evenhanded as he might like to be seen. Some folks are trying to look beyond the current tribal paradigm to what might really be going on in the world...whether chains are once again being jerked and whether, maybe, whether, the "bad guys" in Venezuela/Cuba perhaps speaks for a better way of doing business as one racial family...rather than the incessant tribal squabbling and established deception to date.
Only time will tell whether Peak Oil is a western jerk off or a serious human crisis. In the meantime, folks will watch the game unfold, all the while taking due note of how both sides of the Peak Oil debate stack up, whose benefitting. _________________ Bugger me, I hear oil's runnin out mate!
Posted: Sat Aug 12, 2006 5:11 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
Quote:
I'm tired of telling people that this stuff (tar sands, super heavy oil, shale) is a non-issue, one which will benefit few if any
I agree in that it will never be pumped at the same rate, or that it will be cheaper than now. But it will be pumped, and if true there is alot of it. The models that I've seen -and calculated my own predictions from- do not take into account heavy oil, bitumen and shale.
Quote:
Its nice how they make it seem like getting oil from the tar sands is equivalent to pumping sweet crude from the ground.
Posted: Sat Aug 12, 2006 5:31 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
mekrob wrote:
I'm tired of telling people that this stuff (tar sands, super heavy oil, shale) is a non-issue, one which will benefit few if any. If they want to believe all of this hype and continue in their stupidity, then that's fine with me. I'm tired of these children's games.
I'm not sure who you are tired of? The people claiming it won't work, or the millions of barrels of day Canada is either already pumping or planning on pumping in the near future?
Posted: Sat Aug 12, 2006 5:36 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
Gridlock wrote:
Quote:
Its nice how they make it seem like getting oil from the tar sands is equivalent to pumping sweet crude from the ground.
I'm not so sure they do.
They don't. Anyone who has ever seen or heard of the process for refining tar sands into perfectly useable crude knows it isn't "drill a hole and let it run out".
In the end, its all about dollars, not crude which just spills out of a well under pressure. If the price someone pays you for your product is $70, as long as you can find it, exploit it, and move it to the sales point for less than $70, there is money to be made. Be it tar sands, oil shales, oil in Greenland or gold in the ocean.
Joined: Dec 02, 2005 Posts: 6382 Location: Oil-addicted Southern Californucopia
Posted: Sat Aug 12, 2006 9:21 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
Venezuela's sludge has been described as "barely-liquid coal". _________________ "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
Posted: Sat Aug 12, 2006 9:55 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
ClubOfRomeII wrote:
In the end, its all about dollars, not crude which just spills out of a well under pressure. If the price someone pays you for your product is $70, as long as you can find it, exploit it, and move it to the sales point for less than $70, there is money to be made. Be it tar sands, oil shales, oil in Greenland or gold in the ocean.
I've looked at Greg Palast arguments and it centers on economics (similar to the above quote). Though it may be economical to extract a certain type of oil at $70, etc, one critical issue is not addressed. That is, that the rate of extraction is insufficient to meet continuing demand even if it becomes economical. All that heavy stuff (shale, tar sands, etc) is hard to extract and can't match the rate of extraction for the light sweet stuff in SA and other places.
Posted: Sat Aug 12, 2006 10:18 pm Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
americandream wrote:
let's just say that some suspect that the "white man" of the MSM spun democracy ain't as evenhanded as he might like to be seen. Some folks are trying to look beyond the current tribal paradigm to what might really be going on in the world...whether chains are once again being jerked and whether, maybe, whether, the "bad guys" in Venezuela/Cuba perhaps speaks for a better way of doing business as one racial family...rather than the incessant tribal squabbling and established deception to date.
Joined: Oct 18, 2004 Posts: 1911 Location: kiwibush
Posted: Sun Aug 13, 2006 2:35 am Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
If you'ld taken the time to read my post, you might have seen the quotes.
In a nutshell dingbat, ain't no one gonna take U yanks serious, not with you're madcap racist notions and established double speak. And you my fine feathered friend, are the the proverbial boy who shouted "Wolf" one time too many.
This time round, I reckon most of the world reckon Peak Oil is another American scam. Tough luck! _________________ Bugger me, I hear oil's runnin out mate!
Posted: Sun Aug 13, 2006 3:09 am Post subject: Re: GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
ClubOfRomeII wrote:
In the end, its all about dollars, not crude which just spills out of a well under pressure. If the price someone pays you for your product is $70, as long as you can find it, exploit it, and move it to the sales point for less than $70, there is money to be made. Be it tar sands, oil shales, oil in Greenland or gold in the ocean.
No, in the end it's all about energy, and money is only a proxy for energy.
Yes, there is money to be made for the sole reason of being able to exploit peoples' ignorance of the situation. No, it will not help in the long run. _________________ "We have seen the enemy, and he is us." -- Walt Kelly
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