otis the impaler

The 'Peak Oil' Myth: New Oil Is Plentiful

No matter how high the cost of oil there will be no "demand destruction".

Just like "food" or "air" or "water", oil has become a "necessity".

It's like saying if we just raise the price of chemotherapy high enough people will stop getting cancer.

Aids didn't stop people from having unprotected sex, emphysema does not stop people from smoking cigarettes and high oil prices will not stop people from using it.

The 'Peak Oil' Myth: New Oil Is Plentiful

Your very first "fact" is full of "maybes" and "could-bes".

The rest of the "facts" just confirm that "cheap" - "easy" - oil is behind us. Therefore "confirming" not "refuting" the so called peak oil myth.

Some Aspects of the Future Supply of Middle Eastern Oil

Excellent analysis!

Where the Oil Rally Goes: Facts and Speculation

The new bid ask will be $105 - $125 until late in the 3rd quarter when real observable world shortages will appear. From there the new bid/ask will be $170 - $220. A year from today oil futures will be > $220.

Oil, Iraq and U.S. Foreign Policy: A Way Forward

Vietnam was about oil too. Do a little research. Apparently Herbert Hoover knew about it. Oil has been drilled off shore of Vietnam since the end of the war. Here are some of the names of the fields Golden Dragon, Blue Lotus, and White Tiger.

Also Iraq is as much about water is it is about oil. Access to water resources is the most impending natural resource war coming soon to you neighborhood. It's kind of two bagger. Easy flowing crude and the most important source of water in the ME.

Also, the fight to secure natural gas reserves in the Caspian and norther Iran are reaching the boiling point. Our military seems to be coincidentally positioned in a most strategic position if this war should break out.

The solution to all of this is to "CHANGE", for real. Change the way we use energy, the way we make energy and the rate a which we grow our society and economy. Be leaders for real.

An Energy Policy that Makes Cents (and Sense)

There are only two solutions 'if' peak oil is a reality now (meaning now or in the next ten years).

The first is the 'immediate' discovery of an as of yet unknown alternate source of energy that is on par or exceeds that of oil. Like the 'dilithium crystals' that power the Star Trek Enterprise. None of the current alternatives are scalable on a level that can sustain our current lifestyle and population or they are hazardous to our health and the longevity of the planet itself.

The other solution is mass enlightenment or an overnight evolution of our species that immediately allows us to realize that the civilization that we have created is simply not sustainable in the long run. This won't happen all on it's own. It might happen if the worst case scenario of peak oil becomes reality but there is no guarantee. What ever comes after the fall of this civilization may be even worse. Unbridled growth does not work on earth. The universe may be a different story. But we live on a planet where growth appears at least to be limited by natural forces.

So sit tight. Do what you can to prepare for the possibility. But don't forget to live a decent life today.

The Russian Bear Awakens: A Global Macro View

according to the data you submitted, Russia has six years of oil