and the EIA concludes much the same, see the section "Substitution of Natural Gas for Petroleum Consumption" a little more than half way down the page:
Boone Pickens' BP Capital Funds Down Significantly [View article]
All paper investments such as money market, money in the bank, stocks, bonds, pension plans, and even gold are only valuable if there is abundant oil. That black stinky stuff is the source of all wealth. Chris Shaw says it best: "Would you think me a jester if I said that the one true currency is energy? It always was and always will be. Economics is the game of Tiddlywinks that we can afford to play only in the midst of easy, abundant energy. Energy is the donut, economics is the hole." www.onlineopinion.com.... And read his other articles too, this man knows some stuff! This means that Pickens won;t be worth a dime unless he puts some of those investments that will yield some real food in the future. I know some stuff too, and did some hard research, and it is all free for the pickins :), if you catch my drift. Hey Pickens and you-all, give me a call and I'll try to give you some advice. 603-668-4207 www.peakoilassociates.... survivingpeakoil.blogs.../
Boone Pickens' BP Capital Funds Down Significantly [View article]
All paper investments such as money market, money in the bank, stocks, bonds, pension plans, and even gold are only valuable if there is abundant oil. That black stinky stuff is the source of all wealth. Chris Shaw says it best: "Would you think me a jester if I said that the one true currency is energy? It always was and always will be. Economics is the game of Tiddlywinks that we can afford to play only in the midst of easy, abundant energy. Energy is the donut, economics is the hole." www.onlineopinion.com.... And read his other articles too, this man knows some stuff! This means that Pickens won;t be worth a dime unless he puts some of those investments that will yield some real food in the future. I know some stuff too, and did some hard research, and it is all free for the pickins :), if you catch my drift. Hey Pickens and you-all, give me a call and I'll try to give you some advice. 603-668-4207 www.peakoilassociates.... survivingpeakoil.blogs.../
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [View article]
The McCain drilling strategy is a win for the Republicans, maybe just in time for the November elections.
More drilling will the lower the rate at which the U.S. is increasingly dependent on imported oil at some time in the distant future.
Drilling for oil in ecologically sensitive areas is a partisan political issue.
The impacts of Peak Oil, however, will soon shift the focus of debate toward how to survive high oil prices, maybe as soon as an attack on Iran.
Increasingly, average Americans will not be able to afford both fuel oil for heating and gasoline for commuting to work (starting in to be felt more in November). When unemployment increases in the ever worsening global recession, a larger and larger percentage of people will not be able to pay for fuel oil to heat their homes. These realities will shock the nation with big increases in home heating bills this winter (starting in November). Oil prices will be higher for the winter of 2009.
In such an environment, the Democrats are making a mistake with their “no drilling” position on this issue. As Peak Oil becomes more widely known as the cause of economic malaise, public attitudes will shift away from environmental concerns and toward more drilling.
According to energy investment banker Matthew Simmons and other independent forecasters, global crude oil production will now decline, from 74 million barrels per day to 60 million barrels per day by 2015. During the same time demand will increase 14%.
This is equivalent to a 33% drop in 7 years. No one can reverse this trend, nor can we conserve our way out of this catastrophe. Because the demand for oil is so high, it will always be higher than production; thus the depletion rate will continue steadily until all recoverable oil is extracted.
Alternatives will not even begin to fill the gap. And most alternatives yield electric power, but we need liquid fuels for tractors/combines, 18 wheel trucks, trains, ships, and mining equipment.
We are facing the collapse of the highways that depend on diesel trucks for maintenance of bridges, cleaning culverts to avoid road washouts, snow plowing, roadbed and surface repair. When the highways fail, so will the power grid, as highways carry the parts, transformers, steel for pylons, and high tension cables, all from far away. With the highways out, there will be no food coming in from “outside,” and without the power grid virtually nothing works, including home heating, pumping of gasoline and diesel, airports, communications, and automated systems.
This is documented in a free 48 page report that can be downloaded, website posted, distributed, and emailed: www.peakoilassociates....
I used to live in NH, but moved to a sustainable place. Anyone interested in relocating to a nice, pretty, sustainable area with a good climate and good soil? clifford dot wirth at yahoo dot com or give me a phone call which operates here as my old USA-NH number 603-668-4207. survivingpeakoil.blogs.../
The 'Peak Oil' Myth: New Oil Is Plentiful [View article]
The scientific and independent government agency studies refute what Mr. Schwarz has written in this article. Peak Oil is now and the impacts will be catastrophic: www.peakoilassociates....
Peak Oil for Dummies [View article]
www.theoildrum.com/nod...
and the EIA concludes much the same, see the section "Substitution of Natural Gas for Petroleum Consumption" a little more than half way down the page:
www.eia.doe.gov/oiaf/a...
and then these data about how fast oil supply reduction is occurring for the U.S:
survivingpeakoil.blogs...
The capital for natural gas conversions and supply infrastructure will disappear as oil supply reduction impacts the U.S. economy.
And these article do not even take into account declining oil supplies and how that will impact the economy:
seekingalpha.com/insta...
www.commodityonline.co...
www.guardian.co.uk/wor...
And the IEA indicates that "the oil crisis begins to grip after 2010:"
survivingpeakoil.blogs...
Best regards,
Cliff Wirth
Peak Oil for Dummies [View article]
survivingpeakoil.blogs...
survivingpeakoil.blogs...
www.peakoilassociates....
Boone Pickens' BP Capital Funds Down Significantly [View article]
And read his other articles too, this man knows some stuff!
This means that Pickens won;t be worth a dime unless he puts some of those investments that will yield some real food in the future. I know some stuff too, and did some hard research, and it is all free for the pickins :), if you catch my drift. Hey Pickens and you-all, give me a call and I'll try to give you some advice. 603-668-4207 www.peakoilassociates....
survivingpeakoil.blogs.../
Boone Pickens' BP Capital Funds Down Significantly [View article]
And read his other articles too, this man knows some stuff!
This means that Pickens won;t be worth a dime unless he puts some of those investments that will yield some real food in the future. I know some stuff too, and did some hard research, and it is all free for the pickins :), if you catch my drift. Hey Pickens and you-all, give me a call and I'll try to give you some advice. 603-668-4207 www.peakoilassociates....
survivingpeakoil.blogs.../
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [View article]
More drilling will the lower the rate at which the U.S. is increasingly dependent on imported oil at some time in the distant future.
Drilling for oil in ecologically sensitive areas is a partisan political issue.
The impacts of Peak Oil, however, will soon shift the focus of debate toward how to survive high oil prices, maybe as soon as an attack on Iran.
Increasingly, average Americans will not be able to afford both fuel oil for heating and gasoline for commuting to work (starting in to be felt more in November). When unemployment increases in the ever worsening global recession, a larger and larger percentage of people will not be able to pay for fuel oil to heat their homes. These realities will shock the nation with big increases in home heating bills this winter (starting in November). Oil prices will be higher for the winter of 2009.
In such an environment, the Democrats are making a mistake with their “no drilling” position on this issue. As Peak Oil becomes more widely known as the cause of economic malaise, public attitudes will shift away from environmental concerns and toward more drilling.
According to energy investment banker Matthew Simmons and other independent forecasters, global crude oil production will now decline, from 74 million barrels per day to 60 million barrels per day by 2015. During the same time demand will increase 14%.
This is equivalent to a 33% drop in 7 years. No one can reverse this trend, nor can we conserve our way out of this catastrophe. Because the demand for oil is so high, it will always be higher than production; thus the depletion rate will continue steadily until all recoverable oil is extracted.
Alternatives will not even begin to fill the gap. And most alternatives yield electric power, but we need liquid fuels for tractors/combines, 18 wheel trucks, trains, ships, and mining equipment.
We are facing the collapse of the highways that depend on diesel trucks for maintenance of bridges, cleaning culverts to avoid road washouts, snow plowing, roadbed and surface repair. When the highways fail, so will the power grid, as highways carry the parts, transformers, steel for pylons, and high tension cables, all from far away. With the highways out, there will be no food coming in from “outside,” and without the power grid virtually nothing works, including home heating, pumping of gasoline and diesel, airports, communications, and automated systems.
This is documented in a free 48 page report that can be downloaded, website posted, distributed, and emailed: www.peakoilassociates....
I used to live in NH, but moved to a sustainable place. Anyone interested in relocating to a nice, pretty, sustainable area with a good climate and good soil?
clifford dot wirth at yahoo dot com or give me a phone call which operates here as my old USA-NH number 603-668-4207. survivingpeakoil.blogs.../
The 'Peak Oil' Myth: New Oil Is Plentiful [View article]