What if Major Oil Fields were being Hidden from the Public?

mmasters

Pure conjecture as I don't have anything to back up this. But what if there were major oil fields out there, already discovered and sitting in idle. Let's assume as well they have been kept hidden from the public. I'm not sure whether this is true or not but I do believe it is possible that a handful of major fields are being kept quiet on and will be opened in time.

Exploring the possibility of this of course would accept that there is a behind the scenes power structure with an agenda (i.e. the illumanati), for it would take considerable power to keep one or more major oilfields under the radar in this day and age.

There are motives for this. As known oil production goes into decline we will eventually hit the peak oil cliff. Opening major oil fields before this downslope could avert much disaster while still maintaining the global control structure and a large portion of society. Also, if one wanted to cause an immediete shift in geo-political circumstances, to persue a global agenda, opening a few major oil fields would surely do that (especially if they were outside of the middle east).

So I know this will probably attract some conspiracy hater comments though I think it is an interesting and valid discussion topic.
_________________
Just look at us. Everything is backwards; everything is upside down. Doctors destory health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information and religions destroy spirituality.

Peleg · Heavy Crude Joined: May 20, 2008 Posts: 391

It is a possibility, but not likely given the way economies work. There is no historical precedent for it either.

3aidlillahi · Intermediate Crude Joined: Mar 25, 2008 Posts: 593

Plenty of people believe this stuff. Lindsey Williams is probably making a killing off of those people. He claims that ANWR is enough to supply the entire US for 100+ years (or was it 200 years?). And plenty of other crazy stuff.

It's so highly doubtful that someone would have found very large fields (10 bln or greater) which is what would be needed to pump up the prices. Smaller fields would be of no use. You can pump a billion barrel field dry and you probably won't affect the wellhead price by more than a quarter at peak production.
_________________
Riches are not from abundance of worldly goods, but from a contented mind.

Jotapay · Heavy Crude Joined: Jun 21, 2008 Posts: 170

ki11ercane

And if it were true and mysteriously tomorrow "a new field of eleventy billion barrels of oil is discovered and is pumping into a home and car near you" I would think the entire world would call shens on that.

alokin · Intermediate Crude Joined: Aug 24, 2007 Posts: 701

other conspiracy theory. I guess not. Because these fields would have to be explored, drilled etc. and you think no one takes care?
There would have been workers enginers and no one sells this great news to the newspaper? HIghly unlikely.

JustaGirl · Tar Sands Joined: Apr 09, 2008 Posts: 78

I watched a doc. about Alaska the other day. Chevron has actually done one test well in ANWR. It is a tight well though, so they do not release any info that they found. They do a lot of these tight wells. Drill, then cap the well, and record the results, never releasing the info. So who knows, anything is possible. If they aren't pumping these wells though, it isn't going to do us any good Razz

essex

Canargo, CNR, listed on Amex and in Oslo ( CNR.OL ) is sitting on up to 5 billion barrels in two discoveries but hedge funds who have bought heavily into the company have been manipulating the share price to scare off smaller investors so they can load up. Progress on oil flowing should be soon after a rights issue.
investorvillage.com is the place for research - check out peak_oil_investor's posts.
And yes, I have put my money where my mouth is.

americandream

The reasoning here is utterly stupid, yet it warrants a response if only to put this nonsense to rest. Now why would the owner of a valuable resource with the potential to generate him or her untold wealth in his/her rather brief lifespan, suppress that wealth vehicle. For the privilege of taking tea with the Illuminati? For the privilege of being able to use that exclusive handshake, or is it a wink or twitch.

No capitalist with half a brain is going to forego pleasure today for the possibility of an obscure handshake tomorrow. That's not how the system works. If there are any obscure clubs of ancient gentlemen lurking in the background, its more than likely somewhere these old doffers go to pass the time away for fear of boredom.
_________________
Bugger me, I hear oil's runnin out mate!

Peleg · Heavy Crude Joined: May 20, 2008 Posts: 391

TheDude

"Arctic oil" and "cheap"/"easy" are definitely terms that don't go together. Why muck about with UDW or polar oil or tar sands if they're sitting on easier to access fields? I agree with other that it doesn't jibe from the standpoint of simple economics.

IIRC even classified wells like the KIC in ANWR are filed with the SEC, too. Perhaps ROCKMAN will chime in here.
For the curious: Peak_Oil_Invest or
_________________
Cogito, ergo non satis bibivi
I'm just gonna find a cash machine.

cube · Fusion Joined: Mar 12, 2005 Posts: 3370

ROCKMAN

Sure Dude.

Most important: as far as any well drilled on federal leases all the data is given to the gov't at the time the well is drilled. It might be a "tite hole" for Chevron but that means that won't release the data to other companies. Also, virtual all lease have a time clock on them: you either declare the leases productive and began a development program or you loose your rights to whatever there. Pretty much true for most private minerals as well as federal. An even bigger reason to make any discovery known by a public company is their desperation to increase reserve volume. Even though the price spike has bumped cash flow way, Wall Street still measures a company's value more on increasing reserve volume...not $ value. That's a big reason you'll see more and more company/field acquisitions even at absurdly high prices: the public oils have no choice...increase reserve VOLUMES or die.

Sorry for the delayed answer: I generally don’t do PO or any oil on weekends….family time. About the only way to not go off the deep end these days.

Ronin

MadScientist · Heavy Crude Joined: May 19, 2004 Posts: 417

Big NO to this question. Why?

The NWO needs more time. We (USA) still havent lost our guns or been microchipped, We don't even have the NAU yet. True, all these are close, but I'd say there's still a 10 year window before the boot stomping begins in ernest.

And if TSHTF before the NWO is in place, they lose. Therefore it is in their interest to maintain business as usual until their plans are complete.

That is why this is such a pivotal time in our history. Mine, and yours. You see they are getting desperate, pushing their many agendas faster than normal. Fast enough that even the average person can SEE, if they lift their head and look. THEY ARE NOT BENEVOLENT.

Daily they test our complacency. When the next "big scare" comes along, will you finally question authority?

Fight globalism - Buy and live locally. Promote Ron Paul.
_________________
"The future power is manpower"