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Worked for 31 years in the environmental engineering and enforcement field. I hold advanced credentials in the field of wastewater treatment, emergency response, pollution control and environmental sampling. I possess an Associates in Applied Science and a BS in Biology. I am a Grade 3A... More
  • Peak Oil Investing Mach 2 – Part 1- The Sixth Sense
     
    Amazing - today the President announced that petroleum rationing would be enacted across the country due to shortages of imports.  Well thankfully that actually did not happen.  But if anyone with an objective mind and some exposure to the hard evidence of oil flow rate depletion and the export land model knows that future rationing will be a certainty.  This event of USA oil demand exceeding supply on an almost permanent basis will happen most likely in the next 5 years. The reason for this is that the USA reached a peak in domestic production in 1970 and since then our oil production has gone down almost every year since then. The USA now imports about 65% of total petroleum imports and that number is growing every year. So we have a condition of irreversible domestic oil production decline with ever growing oil
    imports. 

    What is even more interesting are the implications of the brilliant work of Texas Geologist Jeffrey J. Brown and Samuel Foucher has put forward on the Land Export Model and its effect on world oil supply. The Land Export Model is a concept that takes into account available oil exports that is affected by both declining oil production and increasing use of oil in the countries that produce and export oil. Their work shows that future oil exports available will decline not in a linear manor but more like in an exponential manor. 
     
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    Tags: USO, peak oil, oil, energy, precious metals, uranium, coal, alternate energy, natural gas
    Aug 31 08:51 pm | Link | 1 Comment
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