This is an example of “a rising tide lifts all boats”. When the American economy hums, the American economy devours oil, and the oil companies make enough profit to fund search and acquisition of deep water oil. Without a vibrant American economy, none of this happens. Oil companies are not taking a too large piece of a pie. Rather, the oil companies and the American economy are helping each other, to their mutual benefit.
Something else: it happens that my childhood and lifelong friend is an engineer on a project off the coast of Brazil. Operating in deep water is as challenging as operating in space. The International Space Station, and the Space Shuttles, are amazing achievements which are celebrated by schoolchildren. Operating in deep water, whether by the U.S. Navy or the oil companies, merits similar respect.
Some notes from a geologist, the complaints that we cannot allow offshore drilling because of environment concerns do not hold water, there have been blowout preventers on drilling platforms for decades, ergo no spills from drilling platforms. The pointless and unjustifiable environmental concerns have prevented the exploitation of millions of square miles of potential petroleum reservoirs. Remember Obama saying that he would OK offshore drilling and then backtracking once in office.
I remember being on a platform in the Gulf of Mexico at night and counting 50 other platforms by their lights, both near and far, a beautiful and awesome sight.
the truth is that oil MAY come from living things
oil MAY come from natural processes bubbling up from way below
the more honest researchers think its both..
by the way, russias take (and their investigations since before wwii) determined for them that it was not only from life, but from cooking stuff underpressure (much like the experiment that created similar molecules in a flask attempting to research the origins of life)
one thing i can tell you for sure
we are NOT running out of oil even if we double consumption.
why?
because those big powerful guys with the deep pockets didnt get deep pockets by being wrong and selling a limited natural resource that is ending soon for what would be considered pittance if that was the actual condition.
and unlike us, those guys haev access to REAL DATA that they created themselves for themselves and do not honestly divulge.
sad truth is that pollution is a temporary conditino if we had enough energy. nuclear energy could make energy so cheap that one could dissociate the atoms in garbage dumps to mine them for the materials there (technically a garbage dump is the most concentrated source of ore and material on the planet). before someone says no, someone is doing it already. not to mention others chopping up stuff and then separating it.
so its a null concept
nuclera waste is a null concept.
remember, we can leave the planet..
and there is a HUGE furnace in the sky that we can ship our garbage to. children call it the sun, others Sol.
[of course the greenies will yell that we are polluting the sun without knowing that you could drop the whole planet into it, and it would barely burb]
too bad we cant do this, then manufacturing the worst stuff, like polysilicon can be done in space and vented on the solar wind..
but alas… they are not going to make the same mistake king george did and give a far away location to be able to make their own way as people again. took them nearly 100 years to get the cap onthe bottle and reinstate a feudal system for the few and most powerful (and power dont need money… so its not the wealthy, they are the means to abuse to get power. once obtained, one just takes what one needs and does not need to pay, so money is superflous)
what they want its to stagnate the system, create a dark age, and then use that time to promote their genes over all others.
after all, the elite will have to remove a lot of nobodies so that the concentration of their genes goes up. no?
think of russia…
they manages to change the odds of their genetics… didnt they?
before stalin, his genes were 1 in 200 million (not real numbers)… after the purges, his genes were 1 in 100 million.
same with the chinese, and mao, etc.
and they get to have dynasty… that is, rule for decades.
and they get to no longer be slaves and servants oppressed by the masses they hate into workinf for them.
now the masses will work for them and serve them and they will have enslaved their oppressors.
a clue to what they are talkgin about.
and dont forget, the utopia a moral person like that which started the amish, will be very different than what a sociopath thinks is utopia.
then the ideal for them comes true
it would be better to rule in hell of your own creating, then to serve in heaven.
alinsky only rephrased that to the perspective of lucifer, so that it would seem original to those to ignorant to have read very widly
[like my teacher getting pissed off when they loved kafka, and i didnt like plageirism. and they said what plageirism. and i said, the cockaroach was a butterfly when budda said it…]
ah well
The volume of the outer 5 miles of the earth’s crust is on the order of 1 BILLION cubic miles.
The volume of oil consumed by the entire world in a year is about 1.5 cubic miles.
The idea that we have nearly exhausted the world’s supply of oil is laughable.
I recommend the late, great Julian Simon’s “The Ultimate Resource II” for a different perspective on the production and consumption of resources.
Bob from Virginia: as anecdotal support of your statement, there is a lot of fishing being done on offshore oil rigs and platforms. In some basins, oil naturally seeps to the surface, and drilling can actually reduce this by concentrating oil flow into the wellbore and to the consumer.
OTOH, I worked on a rig in Argentina during the times of the junta that discarded oil based drilling fluid ( a.k.a. mud) right into an unprotected pit, where it seeped into the ground. Not good for the environment, and given the political climate then, making a stink about it would not have been good for one’s health.
Note to readers: discarding oil based drilling mud into the sea or unprotected ground is very illegal in the US and not done; the industry is environmentally conscious. Drill sites are like construction sites, except after construction is finished there is little evidence that it ever took place.
And I can verify the comment about fishing from offshore rigs.
Baker-Hughes puts out a weekly drilling rig count where you view the number of rigs that are drilling- both gas and oil. It is broke down by domestic and international and by state and on shore/offshore. Some are natural gas and some are oil. Some are new wells and some are workovers. Here is the link: http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm
The company that is one of our main customers builds drilling rigs (on shore). We hear they may be about to hire 30 more welders (certified) this year. Those guys -blue collar- make $40 an hour. (Subcontractors- so they have to have their own welding trucks and welders) The gas industry is booming in east Texas and Western Louisiana. A number of my cousins work in it. My employer gets much of his buisiness by doing work for a rig building company. The boss is talking about increasing the work force by 20% this year. I just hope the cap and trade or EPA regulating CO2 does not kill us. If they wanted to do something about the jobs on the East Coast- they could open those offshore fields up.
That rig count link I supplied is industry wide- not just one company’s rig count.
If this country is going to recover from this recession, we will need to open up ANWR, and all our offshore areas for drilling. The oil industry generates jobs (as per jon baker) and the effects spread into other areas of the economy. Drilling for our own oil means importing less, which helps our balance of payments problem.
We still need to be developing our huge natural gas reserves and working on alternative fuels to replace oil. (Bio-fuels, electricity, hydrogen and ??)But we need plenty of reasonably priced oil to make that transition.
Of course it would be a good idea to incentivize utilities to start building nukes for a clean, cheap source of electricity that is scalable to the size needed for our economy. Building the nukes would also create many new jobs that would have effects in other areas of the economy.
The green agenda is an agenda of stagnation and defeatism.
I’ve read that the idea of peak oil is nonsense. The reason so many on-shore oil fields are not developed to their full potential is mostly political. The WSJ talked about declining oil production in Mexico. The reason production is declining is because the mexican government put a limit on foreign investment, and they don’t have the capital or technology to develop some of their fields totally. This resource nationalism is rampant all over the world, it has almost nothing to do with declining reserves of oil.
Paul: I’ve read that the idea of peak oil is nonsense. The reason so many on-shore oil fields are not developed to their full potential is mostly political. The WSJ talked about declining oil production in Mexico.
There are fields in Mexico that are not being developed because Mexico lacks the capital to develop them, and refuses to allow foreign investment in Mexican oil. However, these are offshore fields, not onshore fields.
This is an example of “a rising tide lifts all boats”. When the American economy hums, the American economy devours oil, and the oil companies make enough profit to fund search and acquisition of deep water oil. Without a vibrant American economy, none of this happens. Oil companies are not taking a too large piece of a pie. Rather, the oil companies and the American economy are helping each other, to their mutual benefit.
Something else: it happens that my childhood and lifelong friend is an engineer on a project off the coast of Brazil. Operating in deep water is as challenging as operating in space. The International Space Station, and the Space Shuttles, are amazing achievements which are celebrated by schoolchildren. Operating in deep water, whether by the U.S. Navy or the oil companies, merits similar respect.
Some notes from a geologist, the complaints that we cannot allow offshore drilling because of environment concerns do not hold water, there have been blowout preventers on drilling platforms for decades, ergo no spills from drilling platforms. The pointless and unjustifiable environmental concerns have prevented the exploitation of millions of square miles of potential petroleum reservoirs. Remember Obama saying that he would OK offshore drilling and then backtracking once in office.
I remember being on a platform in the Gulf of Mexico at night and counting 50 other platforms by their lights, both near and far, a beautiful and awesome sight.
the truth is that oil MAY come from living things
oil MAY come from natural processes bubbling up from way below
the more honest researchers think its both..
by the way, russias take (and their investigations since before wwii) determined for them that it was not only from life, but from cooking stuff underpressure (much like the experiment that created similar molecules in a flask attempting to research the origins of life)
one thing i can tell you for sure
we are NOT running out of oil even if we double consumption.
why?
because those big powerful guys with the deep pockets didnt get deep pockets by being wrong and selling a limited natural resource that is ending soon for what would be considered pittance if that was the actual condition.
and unlike us, those guys haev access to REAL DATA that they created themselves for themselves and do not honestly divulge.
sad truth is that pollution is a temporary conditino if we had enough energy. nuclear energy could make energy so cheap that one could dissociate the atoms in garbage dumps to mine them for the materials there (technically a garbage dump is the most concentrated source of ore and material on the planet). before someone says no, someone is doing it already. not to mention others chopping up stuff and then separating it.
so its a null concept
nuclera waste is a null concept.
remember, we can leave the planet..
and there is a HUGE furnace in the sky that we can ship our garbage to. children call it the sun, others Sol.
[of course the greenies will yell that we are polluting the sun without knowing that you could drop the whole planet into it, and it would barely burb]
too bad we cant do this, then manufacturing the worst stuff, like polysilicon can be done in space and vented on the solar wind..
but alas… they are not going to make the same mistake king george did and give a far away location to be able to make their own way as people again. took them nearly 100 years to get the cap onthe bottle and reinstate a feudal system for the few and most powerful (and power dont need money… so its not the wealthy, they are the means to abuse to get power. once obtained, one just takes what one needs and does not need to pay, so money is superflous)
what they want its to stagnate the system, create a dark age, and then use that time to promote their genes over all others.
after all, the elite will have to remove a lot of nobodies so that the concentration of their genes goes up. no?
think of russia…
they manages to change the odds of their genetics… didnt they?
before stalin, his genes were 1 in 200 million (not real numbers)… after the purges, his genes were 1 in 100 million.
same with the chinese, and mao, etc.
and they get to have dynasty… that is, rule for decades.
and they get to no longer be slaves and servants oppressed by the masses they hate into workinf for them.
now the masses will work for them and serve them and they will have enslaved their oppressors.
a clue to what they are talkgin about.
and dont forget, the utopia a moral person like that which started the amish, will be very different than what a sociopath thinks is utopia.
then the ideal for them comes true
it would be better to rule in hell of your own creating, then to serve in heaven.
alinsky only rephrased that to the perspective of lucifer, so that it would seem original to those to ignorant to have read very widly
[like my teacher getting pissed off when they loved kafka, and i didnt like plageirism. and they said what plageirism. and i said, the cockaroach was a butterfly when budda said it…]
ah well
The volume of the outer 5 miles of the earth’s crust is on the order of 1 BILLION cubic miles.
The volume of oil consumed by the entire world in a year is about 1.5 cubic miles.
The idea that we have nearly exhausted the world’s supply of oil is laughable.
I recommend the late, great Julian Simon’s “The Ultimate Resource II” for a different perspective on the production and consumption of resources.
Bob from Virginia: as anecdotal support of your statement, there is a lot of fishing being done on offshore oil rigs and platforms. In some basins, oil naturally seeps to the surface, and drilling can actually reduce this by concentrating oil flow into the wellbore and to the consumer.
OTOH, I worked on a rig in Argentina during the times of the junta that discarded oil based drilling fluid ( a.k.a. mud) right into an unprotected pit, where it seeped into the ground. Not good for the environment, and given the political climate then, making a stink about it would not have been good for one’s health.
Note to readers: discarding oil based drilling mud into the sea or unprotected ground is very illegal in the US and not done; the industry is environmentally conscious. Drill sites are like construction sites, except after construction is finished there is little evidence that it ever took place.
And I can verify the comment about fishing from offshore rigs.
Baker-Hughes puts out a weekly drilling rig count where you view the number of rigs that are drilling- both gas and oil. It is broke down by domestic and international and by state and on shore/offshore. Some are natural gas and some are oil. Some are new wells and some are workovers. Here is the link: http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm
The company that is one of our main customers builds drilling rigs (on shore). We hear they may be about to hire 30 more welders (certified) this year. Those guys -blue collar- make $40 an hour. (Subcontractors- so they have to have their own welding trucks and welders) The gas industry is booming in east Texas and Western Louisiana. A number of my cousins work in it. My employer gets much of his buisiness by doing work for a rig building company. The boss is talking about increasing the work force by 20% this year. I just hope the cap and trade or EPA regulating CO2 does not kill us. If they wanted to do something about the jobs on the East Coast- they could open those offshore fields up.
That rig count link I supplied is industry wide- not just one company’s rig count.
If this country is going to recover from this recession, we will need to open up ANWR, and all our offshore areas for drilling. The oil industry generates jobs (as per jon baker) and the effects spread into other areas of the economy. Drilling for our own oil means importing less, which helps our balance of payments problem.
We still need to be developing our huge natural gas reserves and working on alternative fuels to replace oil. (Bio-fuels, electricity, hydrogen and ??)But we need plenty of reasonably priced oil to make that transition.
Of course it would be a good idea to incentivize utilities to start building nukes for a clean, cheap source of electricity that is scalable to the size needed for our economy. Building the nukes would also create many new jobs that would have effects in other areas of the economy.
The green agenda is an agenda of stagnation and defeatism.
I’ve read that the idea of peak oil is nonsense. The reason so many on-shore oil fields are not developed to their full potential is mostly political. The WSJ talked about declining oil production in Mexico. The reason production is declining is because the mexican government put a limit on foreign investment, and they don’t have the capital or technology to develop some of their fields totally. This resource nationalism is rampant all over the world, it has almost nothing to do with declining reserves of oil.
Paul:
I’ve read that the idea of peak oil is nonsense. The reason so many on-shore oil fields are not developed to their full potential is mostly political. The WSJ talked about declining oil production in Mexico.
There are fields in Mexico that are not being developed because Mexico lacks the capital to develop them, and refuses to allow foreign investment in Mexican oil. However, these are offshore fields, not onshore fields.
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after 18 years of studying the subject of the end of civilization,I made a blog about it:
magdyhalim.blogspot.com
please have a look
Thanks