Peak Oil, The Fall of Capitalism As We Know It?

[DisIllusion]

From Greg Croft Inc.
Peak Oil Facts (http://www.gregcroft.com/peakoil.ivnu)

Fact: World oil production was at an all-time high in 2004.

* The world produced 71.16 million BOPD in 2004
* OPEC produced 28.59 million BOPD, down from a peak of 30.95 million BOPD in 1977.
* Non-OPEC production was at an all-time high of 42.57 million BOPD.

A brief history of oil production peaks

* Oklahoma peaked in 1927 at about 700,000 BOPD; now it is 167,000 BOPD.
* The US peaked in 1970 at 9.66 million BOPD; in 2004 it was 5.43 million BOPD.
* Libya peaked in 1970 at 3.32 million BOPD; in 2004 it was 1.54 million BOPD.
* Kuwait peaked in 1972 at 3.28 million BOPD; in 2004 it was 2.34 million BOPD.
* Iran peaked in 1974 at 6.03 million BOPD; in 2004 it was 3.93 million BOPD.
* Saudi Arabia peaked in 1981 at 9.64 million BOPD; in 2004 it was 8.86 million BOPD.
* Russia peaked in 1983 at about 11.5 million BOPD; in 2004 it was 8.88 million BOPD.
* Alaska peaked in 1988 at 2.14 million BOPD; now it is 968,000 BOPD.

The following countries' oil production was at an all-time high in 2004:

* China (3.49 million BOPD)
* Mexico (3.38 million BOPD)
* Canada (2.42 million BOPD)
* United Arab Emirates (2.36 million BOPD)
* Nigeria (2.34 million BOPD)
* Kazakhstan (999,000 BOPD)
* Angola (985,000 BOPD)
* Malaysia (859,000 BOPD)
* Qatar (783,000 BOPD)

Fact: Nearly all of the world's largest oilfields are in decline.

* Only one supergiant (>5 billion barrels recoverable) field has been found since 1980.
* That field (Kashagan) is located on a geologic structure that was identified prior to 1980, but was not drilled until 2000 because of sea ice conditions.
* The prospects for finding any more are limited, and mostly in the Arctic offshore.



So this sort of adds to the theory that the U.S.A as we know it will not survive through the next century, and maybe not even the next half century if peak oil continues at the rate it is. And yet our world leaders are still blind to these facts that are readily available to anybody who wants to know about them. It seems that they would rather stick their heads in the sand and pretend it's not happening than confront it and start looking for alternatives before our entire world economy crashes around us as our main lifeline runs dry. Oh well, better start preparing for a revolution. :hammer:

[Hefer]

Then we need to get on work on alternative resorces if we don't want the world to decay into anarchy......?...hmmm idono what i want ;)

[redstar2000]

No.

http://sfgate.com/cgi-bin/article.cgi?file...NG46CMUPL60.DTL (http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/05/22/MNG46CMUPL60.DTL)

Ask yourself who benefits by a "big scare" -- "we're running out of oil" -- and who will suffer?

An "oil crisis" has, historically, meant a huge leap in oil corporation profits.

While ordinary working people have had to pay grossly inflated prices to heat their homes and drive their cars.

Who benefits from a wide-spread belief that "oil is getting scarce" and "naturally it costs more"?

Think critically!

http://www.websmileys.com/sm/cool/123.gif

[DisIllusion]

Originally posted by [email protected] 2 2005, 08:27 PM
No.

http://sfgate.com/cgi-bin/article.cgi?file...NG46CMUPL60.DTL (http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/05/22/MNG46CMUPL60.DTL)

Ask yourself who benefits by a "big scare" -- "we're running out of oil" -- and who will suffer?

An "oil crisis" has, historically, meant a huge leap in oil corporation profits.

While ordinary working people have had to pay grossly inflated prices to heat their homes and drive their cars.

Who benefits from a wide-spread belief that "oil is getting scarce" and "naturally it costs more"?

Think critically!

http://www.websmileys.com/sm/cool/123.gif
True, "Peak Oil" could be just another capitalist marketing ploy, but I believe that this time, all the evidence points to the fact that our veins are running dry. Last time this happened in the 70's, the American oil corporations did make a huge profit from selling gas at the inflated prices at rationed amounts but that was because of OPEC. This time, there is no dispute with OPEC and we're consistently paying around an average of $2.40 or above on a gallon of regular even when we're paying under sheltered oil prices. Go to Europe or any other country and you'll see gas at it's real price, $5.00 a gallon at the very least.

Though we may still have the oil sands, those too, will eventually run out. Remember that oil is a non-renwable resource. One that won't come back if we close our eyes and hope hard that the problem will go away.

Though we could see this as a plus, in the collapse of a decayed capitalist economy, we could show people that we shouldn't place our trust and finances in privately-owned possessions, after how much corporations have lied to us in order to control these privately owned possessions. A revolution is in order, it's just a matter of time.

[JazzRemington]

The peak oil scam was discussed briefly in my economics class. Basically, every few years there is a claim that we have reached a peak in oil. Sometime around the 1920s, tit was estimated that we could go on for another twenty or so years until the oil reserves run dry, etc. The fact is, there IS enough oil out there to last us for a while, but the problem is getting it.

I'm not saying we should jus tgo drill wherever the fuck we want or not develop alternatives, of course.

[The Grey Blur]

:lol: Americans yap like mad about 'gas' or petrol prices but in Ireland & Britain it's about twice as expensive - consider yourselves lucky! :P