Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Joined: Sep 16, 2004 Posts: 4925 Location: Southwest WI
Posted: Tue Apr 15, 2008 11:55 am Post subject: Re: Russia hits PEAK OIL - official!
Not that i don't believe them, but it is possible that they would like to save some of that oil for themselves? I mean, if i had a country and was exporting away my most valuable resource and get funny money in return, i would probably say screw it, i'll keep the crap for myself and you asses can go bend over a tree. Try attacking me, i'll make your city glow.
Just of note, but I remember how these Russian women would marry to move out of Russia. Pretty soon American men will be trying to marry Olga to get into Russia! Huge landmass, lots of alcohol, potatoes, lakes, OIL...whats not to love?
Oh... you better like cold weather and herpes. _________________ Clothing should be optional.
Posted: Tue Apr 15, 2008 12:19 pm Post subject: Re: Russia hits PEAK OIL - official!
If the Russians are signalling they are going to produce less oil in the years ahead for whatever reason we are in major trouble. Oil will sky rocket this summer as this beings to be verified. Vlad is not as much of a dupe for the western world as they wanted him to be. Europe will be fine, the US will be a sun dried turd. _________________ I return to you now at the turning of the tide.
Posted: Tue Apr 15, 2008 12:22 pm Post subject: Re: Russia hits PEAK OIL - official!
Gandalf_the_White wrote:
If the Russians are signalling they are going to produce less oil in the years ahead for whatever reason we are in major trouble. Oil will sky rocket this summer as this beings to be verified. Vlad is not as much of a dupe for the western world as they wanted him to be. Europe will be fine, the US will be a sun dried turd.
Posted: Tue Apr 15, 2008 1:33 pm Post subject: Re: Russia hits PEAK OIL - official!
Well well well... Well well well...
Biggest producer in the world these days, and they have the guts to say it.
It does not matter whether it is a geological peak or not, though. Take a look at their production history - when was that not political? I doubt massive foreign investment would lift production much anyway, and certainly not for any important length of time. And there is no reason to do so either, considering their reliance on oil for district heating. _________________ Volatility. When life isn't exciting enough.
Posted: Tue Apr 15, 2008 3:33 pm Post subject: Re: Russia hits PEAK OIL - official!
cube wrote:
Tyler_JC wrote:
Geological peaks are so darn rare...
There's a nation on this planet call the United States of America
To this day there are people who don't believe even the USA geologically peaked. They blame everything from environmental regulations to cheap Arab oil making domestic production uncompetitive. To them it is all about politics, liberals, and commies that prevent infinite growth from happening forever.
Posted: Tue Apr 15, 2008 4:06 pm Post subject: Re: Russia hits PEAK OIL - official!
steam_cannon wrote:
Getting back to topic, for Russia it looks like things are happening
pretty close to what people expected...
I cannot find the post I made last August, but here is the graph I made to go with it:
As you can see, there is a minimum consumption level that was reached after the early 1990s economic collapse and was flat through currency and banking crises, depopulation, and even during much of the recent economic boom. Only in the last couple of years has there been an upward trend, as more ordinary people have benefitted. That floor around 2,700 kb/d, I strongly suspect is district heating. I consider it the perfect solid floor to benchmark export land. That production is reserved.
This is not a forecast. Towards 2015 and beyond, there is a lot of uncertainty and politics are sure to trump all else. But it does illustrate the issues, such as where the negotiating position begins. _________________ Volatility. When life isn't exciting enough.
Joined: Apr 13, 2005 Posts: 3256 Location: St.Louis, Mo
Posted: Tue Apr 15, 2008 5:33 pm Post subject: Re: Russia hits PEAK OIL - official!
The US defeated the Russians in the cold war by conspiring with the Saudis to increase their oil production and flood the market with cheap oil, which drove the price way down and crashed the Russian economy. Maybe this is a way for the Russians to return the favor, but in a reverse way. Cut production, drive prices way up, crash the US ecomony as quick as possible before they invade more oil rich countries.
Posted: Tue Apr 15, 2008 8:15 pm Post subject: Re: Russia hits PEAK OIL - official!
Armageddon wrote:
The US defeated the Russians in the cold war by conspiring with the Saudis to increase their oil production and flood the market with cheap oil, which drove the price way down and crashed the Russian economy. Maybe this is a way for the Russians to return the favor, but in a reverse way. Cut production, drive prices way up, crash the US ecomony as quick as possible before they invade more oil rich countries.
oooh that sounds devious...I like it!
Unfortunately I do not think there's some type of geopolitical plan being executed by some Russian strategist who is also a master chess player. My theory is actually much more sedated. As the title states: "Russia hits PEAK OIL".
Joined: Oct 23, 2004 Posts: 5928 Location: New Jersey
Posted: Tue Apr 15, 2008 8:59 pm Post subject: Re: Past Peak? - Russia's Oil Ouput to Slump in 2008
I started this thread to discuss the important ramifications of Russia' PO, which signals to me beyond doubt with SA also leveling off that we can unequivocally say we are going past peak worldwide (if we are not already).
[Don't even try to muddy the waters by mentioning 'all liquids'].
All we need now is for some oil exporter to suddenly realize that oil is money, and accumulating trillions of US dollars won't help much when there soon won't be enough food to go around.
Then who knows how high the price of oil will go.
[And those bikini pictures belong in a seperate discussion thread in the HOF].
Joined: Apr 05, 2005 Posts: 1658 Location: Springsteen Country (NJ)
Posted: Tue Apr 15, 2008 11:17 pm Post subject: Re: Past Peak? - Russia's Oil Ouput to Slump in 2008
[straightens shirt, hikes up pants]
Yes, well you're right Dante. This is a dire circumstance, and I think it's quite possible that the head of Lukoil is doing exactly what you said. How could he know one month after that the whole country has peaked? Perhaps he has realized that oil later is more precious than oil now and is making this announcement as cover for cutting back for saving for the future purposes. After all, the Saudis just admitted the same thing, and who knows what's on the minds of any of the other oil producers, even those confirmed past-peak.
I would be considering it strongly if I was an oil producer.
But we are faced with such bad news here day after day, it's just surprising and nice to see something pleasant in a thread once in a while. _________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
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12,5 mill i estimate 
