petyaczar

Is the Peak Oil Theory Valid?

Martinpw

And you left out the remander of that quote of mine, thereby parsing it and pulling it out of context.

Also the "standard line" accepted by geologists continues to change, these same geologists -well, their grandfathers- purported to subscribe to the "oil from rotten dinosaurs theory"

And as further proof of my contention that we DO NOT KNOW the extent of the installed base of oil, we ONLY know of the found oil, not the unknown oil = SEE the atest discovery of some 500 Billion Barrels of light sweet crude in the Dakotas = the USA !!! Saudi fields have pumped out about 55 Billion barrels since their inception.

NOW will the dildo DIMwit U.S. obstructionist politicians allow us to drill that oil out of the ground- along with ANWR -along with the US coasts offCalifornia, mexico,Fla? the Carolina's? OR WILL the environmentalist wackos find an endangered species of cockroach in the Daktas, and prohibit our drilling out that need light sweet crude.

Oh yeah, we might have a problem getting wildcatters to drill in the Dakotas, because so many of them will be engaged in drillling out the 1TRILLION barrel oil field discoverd off the Coast of Brazil.

There's tons and tons of oil, the world is much larger than we tend to believe it is, and our piddly little efforts as people are but a spit in the ocean when it comes to diggin into and using up natural resources. Its human nature to think our impact is much larger than it actually is. We are like a cockroach floating on its back down the river with a "hard-on" Yelling "Raise the draw bridge, raise the draw bridge"

Next time you purport to quote me, don't parse my words, and don't quote me improperly out of context.

Is the Peak Oil Theory Valid?

MartinPw

And I neer said the geological rate of oil production was equal to or greater than the current rate of oil withdrawal. You forget that huge capacitor of previously produced oil that exists, and the size of which we do not know - we only know known resrves, we do not know unknown reserves.

There is a material difference between where something was formed, and where it ends up. We estimate "when" by "where" it ended up, we cannot unequivically state "Where" it was actually formed - or even "how" except to assume Temp,pressure, and an organic base ere all involved.

I don't do research for people who do not pay me, they can find the authoritaqtive sources on their own.

good luck to you, more power to you.

Is the Peak Oil Theory Valid?

User 203634

Your assertion is false AND misstated.

No one knows when oil was "created", no one knows how much was created, no one knows what caused the creation process to begin, or what presumably caused the geological creation process to stop.

Current theory states that the basic geological processes continue unabated, and while the creation process is well described, the pooling process is not, AND there is no Earthly - pun intended - reason for those geological processes to have stopped or to have been limited to your 2 -so called geological periods.

If you know, specifics, please provide. - I'd like to hear it. -documented facts please, not opinions. I assume you do not believe oil is the remnants of long defunct Dinosaurs. =please confirm, thanks.

ALSO no one knows WHERE Oil was created - and therefore cannot know WHEN it was created. We only know WHERE it has "pooled" = where found reserves (fields) currently reside = this is not necessarily where it was formed, only where it ended up.

Is the Peak Oil Theory Valid?

Steve from perth

Me thinks you've spent too much time on your head, down there down under.

Do you only believe in that which you see? Ever see your parents do it? and yet surely you don't believe your mother gave you a virgin birth do you? Ever see photosyntehsis occuring? Yet surely you believe photosynthesis process exists don't you?

God gave you both eyes and a brain, suggest you use both of them, and not rely merely on your eyes. Ever hear of brain atrophy? maybe that would explain it in your paricular case.

PS its hundreds of millions of years, not Billions (plural)

WoodyB "Oil is from dead dinosaurs theory" was generally accepted as Scientific fact until only last 30-50 years or so. Now, as yourightly say, it is totally discredited.

Continential Drift theory did not gain acceptance until about 30 +/- years ago. One guy may have theorized it in 1912 -BUT - all he got for his trouble was a lot of abuse by neanderthals who disagreed. Much like I received here from some of you.

Is the Peak Oil Theory Valid?

Numbersguy,

Assuming you know how to logically work within a quantitative model.


My answer to your question is: It depends on the relative size of the installed base IB (Oil in the Earth) AND the rate of production (inputs) compared to rate of depletion (outputs)

The only thing we KNOW is the rate of depletion. We do not know the size of IB, nor do we know the rate of production.

SO = IF IB + (rate of production inputs to IB ) >= outputs
THEN the IB continues to grow OR it depletes are a rate = output - input.

Those are facts Jack! (numbersguy) Your assertions are without merit except you believe them to be true. Tell me how do you know? answer is you do not.

Example IF IB = 10,0000000000000000000 energy units
and input (production) = 1,0000 energy units/year
and output (depletion) = 1,0000 energy units/ year

THEN IB remains a constant.

Stated logically : IF IB is >>>>>&g... than output (depletion)
and if input is approximately identical to output
then the supply is truly infinite (limitless.)

IF IB is >>>>>&g... than depletion
and input is < less than depletion
then the supply is essentially = don't worry about it.

Finding it and getting it out of the ground are other matters entirely. Economics is another matter entirely, BUT REMEMBER oil used to be $10 a bbl it is now 13X that, and technology continues to advance.

Perhaps you believe all that oil in the ground actually came from rotten dinosaur guts? Say it isn't so, there were never that many dinosaurs =all scientists now agree.

You should read up on the current theory of how oil is produced thru natural geological processes. IT is an accepted and logically firm process.

Remember, only 30 years ago NOBODY believed in Continental Drift either -despite the overwhelming evidence right in front of their eyes.

Fortunately YOU do not have to believe in it, for it to be true.
Remain sceptical - its a good thing

Is the Peak Oil Theory Valid?

cal48koho.

So you dispute that petroleum has been/is formed thru natural geological processes?

So you think petroleum requires human intervention to form it = ie "make it"

If so which people do you beleive were "making" (sic) petroleum 1 million years ago, 1 thousand years ago, and last year? Your favorite politicians -whoever they may be?

Lets hear it! PS if you think any of the above is tru, then IMO you are not only smoking, but mainlining the political propaganda and pseudo science fed to us all by the politicians and the popular press.

Good day to you sir.

Is the Peak Oil Theory Valid?

PS: When it comes to oil, remember the words of Will Rogers

"If you can't drill for it, you can't find it, and even then sometimes you can't find it - but it don't mean its not there. "

Drill in ANWR, Drill off the U.S. Coasts, go nuclear,go solar, there's plenty of energy all around us. 85% of the proven reserves of oil and gas in the U.S. are OFF LIMITS. The U.S. currently has proven reserves of over 30 years -TOTAL WORLD use - or nominally 200 years U.S. TOTAL use.

See Dow Chemical Chairman comments.

Les learn how to make oil and petroleum based products from sleazy stupid politicians who block everything to increase their own power base over the American people.

More power to the people

Is the Peak Oil Theory Valid?

The essential premise of the article is demonstrably false. It is a trader's premise - a whistfull hope without any logical support of any kind.

You state "The world is running out of oil -After all, nobody is actually making more" This is FALSE!

LOGICAL PROOF follows: Petroleum has always been created thru naturally occuring GEOLOGICAL process within the Earth. So long as the Earth exists, and biofeed stock (decaying flora,fauna, people) continues to be fed into the Earth, the Earth will continue to PRODUCE AND MAKE petroleum (oil,coal) just as the EARTH has always done. That's an irrefutable fact Jack!

No one has done ANY real studies on what this geological rate of petroleum production is. AND so long as the current geological rate of petroleum production equals or exceeds the current human rate of petroleum depletion, the Earth will remain a petroleum rich environment. Q.E.D.

This "sky is falling" is a speculators and politicians mentality to drum up artificial crisis and run up oil prices. (Thereby making trading profits and increasing political power over the masses) Its BS pure and simple. just as its predecssor theory - Remember the old " Oil is from dead dinosaurs" theory was bS pure and ismple. There could never have been that many dinosaurs to create anywhere near as much oil as we have already discovered and drawn out.

In a nutshell, GOD is making more oil everyday thru natural geological processes. This oil shortage is artifically manufactured by idiot politicians in the U.S. who will not allow drillling in barren desolate wastelands = ANWR and who will not allow drilling off the U.S. Coasts nor within most of the U.S. interior.

IMO