View Full Version : The oil shortage myth debunked.
There is not an oil shortage on this planet, there is a reluctance to bring enough up to make a difference in the world economy.
Please just read this:
http://geology.com/usgs/bakken-formation-oil.shtml
There is a shortage of refining capacity, but that is environmentalists worrying more about a spotted owl, or a newt, than they are about the social condition of the planet.
Do a little checking, this is enough to bring the price of oil and gas down by 1/2 and bring energy independance to America and Canada. Granted, I do believe that we need to explore the renewable resources, but this will give us the time and the surplus cash to do the development of those types of resources.
Disorder
09-02-2008, 18:13
I have read this b4.. its accually huge!!! The Democrats refused to discuss this b4 they went on their 3 week summer break.
I have read this b4.. its accually huge!!! The Democrats refused to discuss this b4 they went on their 3 week summer break.
I know I got this from PT
Disorder
09-02-2008, 18:16
I know I got this from PT
He should get on here, i'd like to hear him debate this a little.
Get FoF back!!
i haven't read the article in detail... but yea, oil shortage is a myth.
not only are there plenty of places where there is still tons of oil (arctic), eventho its not easily retrivable yet.
you can get oil from oil sand.
and whats even better (albeit more expensive, but probably relevant for the future), from coal.
yes you can get oil from coal. and coal, the earth stil lhas plenty of for a couple of hundered years. and if it.. you can get coal from wood.
and wood is pretty easy to get.
whats a PT?
a PT is my Uncle, Formerly known as Fonky Old Fart from DaButts
course the gov wouldnt want us all to know this then they wouldnt get so many kickbacks from the oil companies duh! (unverified post)
course the gov wouldnt want us all to know this then they wouldnt get so many kickbacks from the oil companies duh! (unverified post)
See, this is what I don't get. Why do you think that the government has ANYTHING to do with obtaining oil? That is done in the private sector, IE OIL COMPANIES. and don't tell me that Bush is an oil man, I am tired of that lame argument. There is no way that they are allowed to make profits from any private company while they are in office. They are required to give up any positions of authority or influence they may have in any company that may make a profit from govt acts. That is LAW, look it up.
And now I know I will here Cheney was CEO for Halliburton so he is making money off Irag's oil, again, I say, bull. Halliburton does not own a gallon of oil, they build oil fields. Do you blame the electrician that built the generating plants for the price of electricity.
DO you realize where Al Gore made his millions??? as a majority stockholder of Occidental Petroleum. Yes it is correct. Mr Green himself is making a fortune of the high prices of oil.
See, this is what I don't get. Why do you think that the government has ANYTHING to do with obtaining oil? That is done in the private sector, IE OIL COMPANIES. and don't tell me that Bush is an oil man, I am tired of that lame argument. There is no way that they are allowed to make profits from any private company while they are in office. They are required to give up any positions of authority or influence they may have in any company that may make a profit from govt acts. That is LAW, look it up.
And now I know I will here Cheney was CEO for Halliburton so he is making money off Irag's oil, again, I say, bull. Halliburton does not own a gallon of oil, they build oil fields. Do you blame the electrician that built the generating plants for the price of electricity.
DO you realize where Al Gore made his millions??? as a majority stockholder of Occidental Petroleum. Yes it is correct. Mr Green himself is making a fortune of the high prices of oil.doesn't the government give out drilling concessions?
doesn't the government give out drilling concessions?
It is permitted but that is done by the states who own the land where the wells are drilled, not the federal government, unless it is on federal land.
And what exactly is it that you are asking? About Halliburton owning the well? No they do not, they are a construction company. Not an oil company
It is permitted but that is done by the states who own the land where the wells are drilled, not the federal government, unless it is on federal land.
And what exactly is it that you are asking? About Halliburton owning the well? No they do not, they are a construction company. Not an oil company
no, because oyu said that the governemnt has nothing to do with oil drilling.
they do. by giving concessions.
Disorder
09-02-2008, 19:50
no, because oyu said that the governemnt has nothing to do with oil drilling.
they do. by giving concessions.
Would you confirm that with a link we can reference?
Would you confirm that with a link we can reference?
i jsut know that in germany companies gotta get permission fro mthe governemtn to start drilling. I woul assume thats the case in the US, as it is like that in msot of europe
http://www.oilandgasinternational.com/directories/licensing_concession.aspx seems to support this
Don't the companies also have to pay royalties to the Federal and Provincial governments? I know Teck-Cominco and some other companies were pissed that the Alberta government raised royalties on the Oil Sands.
Don't the companies also have to pay royalties to the Federal and Provincial governments? I know Teck-Cominco and some other companies were pissed that the Alberta government raised royalties on the Oil Sands.
depends o nthe agreement i guess
just as I said, it is done on the state level. Not the federal level, and yes the states do get royalties from the oil that comes from their land. Just as I would if oil come from my land as I own the mineral rights to my land.
El Mestizo
09-02-2008, 22:28
See, this is what I don't get. Why do you think that the government has ANYTHING to do with obtaining oil? That is done in the private sector, IE OIL COMPANIES. and don't tell me that Bush is an oil man, I am tired of that lame argument. There is no way that they are allowed to make profits from any private company while they are in office. They are required to give up any positions of authority or influence they may have in any company that may make a profit from govt acts. That is LAW, look it up.
And now I know I will here Cheney was CEO for Halliburton so he is making money off Irag's oil, again, I say, bull. Halliburton does not own a gallon of oil, they build oil fields. Do you blame the electrician that built the generating plants for the price of electricity.
DO you realize where Al Gore made his millions??? as a majority stockholder of Occidental Petroleum. Yes it is correct. Mr Green himself is making a fortune of the high prices of oil.Cheney doesn't make money off the oil in Iraq because of Haliburton but raather the contracts he's giving them to do various things in the Iraq war. The entire war has been privatized, from military training and equipment to reconstruction of Iraq and Haliburton is one of the main companies taking advantage of these multi-BILLION dollar contracts. There's plenty of ways one can profit without being directly connected.
Blackwater
09-02-2008, 22:46
Cheney doesn't make money off the oil in Iraq because of Haliburton but raather the contracts he's giving them to do various things in the Iraq war. The entire war has been privatized, from military training and equipment to reconstruction of Iraq and Haliburton is one of the main companies taking advantage of these multi-BILLION dollar contracts. There's plenty of ways one can profit without being directly connected.
I still don't see how Cheney profits from that....
Military equipment has always been from private sectors and same with reconstruction. We're a Capitalist society, not socialist! Could you tell me though about the military training that you're speaking of? Cause I don't know of a private enterprise training the US Military.
Cheney doesn't make money off the oil in Iraq because of Haliburton but raather the contracts he's giving them to do various things in the Iraq war. The entire war has been privatized, from military training and equipment to reconstruction of Iraq and Haliburton is one of the main companies taking advantage of these multi-BILLION dollar contracts. There's plenty of ways one can profit without being directly connected.
BULL****! you are uninformed as is most of America that listens to CNN or any of the other liberal media.
You should have been taught that in High School American history, or did you sleep thru that class?
This is the main problem with American society, most Americans receive their information from CNN or one of the network news outlets and it is well known they are the most liberal group of pricks in the American society. They no longer report the news, they make it. Case in point: All candidates, Democrat and Republican alike have said that kids are off limits and the ****ing media continues to try and make it part of the campaign. Therefore, the media is not reporting the news, they are trying to make the story.
BULL****! you are uninformed as is most of America that listens to CNN or any of the other liberal media.just out of curiosity, but where do you turn to for news?
You should have been taught that in High School American history, or did you sleep thru that class?to be honest, fro mwhat i hear from folks i talked to.. thats a pretty BS class.
a freinds history teacher telled them that the US Marshall Plan initiated the german economic miracle and that the US only has military bases in germany to prevent antoher holocaust :confused:
retards like that should be baned from teaching, as the poor kids actually belive him.
El Mestizo
09-03-2008, 14:34
I actually got this info from a independent documentary called "Iraq for Sale". I'd have to watch it again to get specifics because i saw it a couple months ago, but the jist is that everything you can think of in this war is being bought from companies by the US government. Military training is being done by security companies with Ex-Marines doing the training. Interogations of prisoners are being done by civilians. Equipment are being made by corporations, which means they are sacrificing effeciency and durability for cost. There's even companies that do laundry and serve food. The mess hall lines take hours and the laundry detergent give the soldiers rashes. And when the soldiers try to do their own laundry, their officers give them a swift kick in the nuts cuz this company get like 99 cents a load and get pissed when they lose one.
I suggest you look it up and watch it for yourself. You think the cost in Iraq is just the gas we're using to get the soldiers around? Think again.
What? HOw does this have anything to do with
"Cheney doesn't make money off the oil in Iraq because of Haliburton but raather the contracts he's giving them to do various things in the Iraq war." ok, I see this is another one I will avoid even though I got it started.
El Mestizo
09-03-2008, 14:46
What? HOw does this have anything to do with ok, I see this is another one I will avoid even though I got it started.
Haliburton is one of these corporations getting billions and billions of dollars to transport weapons, gear, food, etc, train military, whatever. And cheney used to be the VP of it. Now tell me its not a favor he's doing for them and that they're not giving him some sort of kick back.
Haliburton is one of these corporations getting billions and billions of dollars to transport weapons, gear, food, etc, train military, whatever. And cheney used to be the VP of it. Now tell me its not a favor he's doing for them and that they're not giving him some sort of kick back.
How bout you prove to me that he is, I can ague with you all day long on this, but just because you THINK something is correct, doesn't make it so. So let me see your proof first then we will continue this discussion.
You are the one making accusations, let me see your evidence.
Or is this something you heard on CNN?
Ok serious question! Dogma. Why dont we drill there so that it will help reduce the price of gasoline and oil in America? I dont want to speculate, I want a straight up answer.
Also can you verify that story with other sites like news sites or something?
El Mestizo
09-03-2008, 16:17
How bout you prove to me that he is, I can ague with you all day long on this, but just because you THINK something is correct, doesn't make it so. So let me see your proof first then we will continue this discussion.
You are the one making accusations, let me see your evidence.
Or is this something you heard on CNN?
Do you read my posts or do you just skim and post?
Ok serious question! Dogma. Why dont we drill there so that it will help reduce the price of gasoline and oil in America? I dont want to speculate, I want a straight up answer.
Also can you verify that story with other sites like news sites or something?
At first the technology to remove the oil from the shale was not cost effective as the price to bring it up was a lot more than it would cost to import it, so the oil companies decided not to pursue it. As any company would want to try and do to increase their profit margin. However with the current state of oil prices, it is now profitable for the oil companies to invest the capital needed to remove the oil from the shale. Also given the current state of the world economy, again, it is now profitable.
As far as verifying my "story", the website this was referring to is set up by information obtained from the US Geological Survey. It isn't a story, it is a fact. it was discovered years ago and now is just becoming relevant, well, to some of us anyway.
In other research I have done on this subject, the Rockies in Colorado also hold vast amounts of oil reserves, but, in that instance, you can surely understand the difficulties in drilling in the mountains. The Technology will catch up with it though.Not to mention the ppl of Colorado have the NIMBY(not in my back yard) syndrome and do not want it to be exploited.
here are some sites to give you come more info if you would like to see it :http://www.google.com/search?q=bakken+oil+production&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
Do you read my posts or do you just skim and post?
yes I do read your posts and I did see the Iraq for Sale documentary, I am simply asking you to prove your accusations against Cheney for profiting on the war when it is a violation of FEDERAL Law for any federal elected official to be in any way tied to or profit from any private enterprise entity. That is all I am asking. You are wanting me to show you that he isn't, I am asking you the same thing. Asa far as independent documentary, I guess you would also consider Michael Moore to be an unbiased reporter as well? Documentaries are just like any other television or movie presentation, they are made in order to make a profit. PERIOD. So how can you know they aren't slanting the piece in order to sell more copies so that they can make a profit?
Ok serious question! Dogma. Why dont we drill there so that it will help reduce the price of gasoline and oil in America? I dont want to speculate, I want a straight up answer.
Also can you verify that story with other sites like news sites or something?
WEll, John, was that a satisfactory answer to your question? I tried. If you would like to discuss it further, here is a good place
Well Dogma you come to a very interesting point you may have missed. The reason oil companies haven't drilled there is because it's expensive and time consuming to get the oil out, just like the oil sands in Alberta, now that the price is high it's now economically feasible to get it, but if they start to pump out too much the price of oil will lower so the oil company profit margins will fall, so expect development of the fields to continue but don't expect the oil industry to start to drill like mad, they are happy with the price of oil the way it is and will gladly bleed consumers over the long haul.
As for Haliburton, what do you think **** Cheney will do once he leaves office, think he may go back to his multimillion dollar job? He'll either go back to Haliburton or join the Carlyle Group, for anyone who doesn't know the Carlyle Group is a multibillion dollar group of companies who have a habit of appointing former politicians as directors to get influence, Bush SR is there and I expect Bush JR to join once he leaves office.
Just as a point of fact Canada is oil independent, Canada is the largest supplier of oil to the USA, and with potential resources in the Arctic suspected of being even bigger you may want to be a little nicer or we'll just send it to our friends in China :)
just out of curiosity, but where do you turn to for news?
to be honest, fro mwhat i hear from folks i talked to.. thats a pretty BS class.
a freinds history teacher telled them that the US Marshall Plan initiated the german economic miracle and that the US only has military bases in germany to prevent antoher holocaust :confused:
retards like that should be baned from teaching, as the poor kids actually belive him.
Dogma checks his "how to be a good orthodox conservative" manual, written 150 years ago, for News.
We get Oil from Coal, and Coal from wood, and wood from water and sun!!!!
WOWOIL IS UNLIMITED!!!!
lmao... but you ignore any laws of conservation. how much energy, time and material will u invest in Oil production?
Z
of course there is no "shortage of Oil" on earth.
no more than there is a shortage of fresh water, or old forests.
what we have is a SURPLUS of people.
the shortage is only in correlation to the population of humanity, and the development of the third worlds.
Sometimes I wonder about you people...
Z
Dogma checks his "how to be a good orthodox conservative" manual, written 150 years ago, for News.
We get Oil from Coal, and Coal from wood, and wood from water and sun!!!!
WOWOIL IS UNLIMITED!!!!
lmao... but you ignore any laws of conservation. how much energy, time and material will u invest in Oil production?
Z
Z did you not see where I totally agree that we need to work on alternatives? But,k thisis still a stopgap measure till those resourses can be realized. Also look at thelink I provided, it is not your so called book, there are many reputable news sourses. I am not saying that there is an endless supply, all I am saying is that it isnot as bad as those wnat is to believe.
Of course we need to practice conservation in a major way, but we don't have to be suffereing in order to do it.
the Carlyle Group, for anyone who doesn't know the Carlyle Group is a multibillion dollar group of companies who have a habit of appointing former politicians as directors to get influence, Bush SR is there and I expect Bush JR to join once he leaves office.
or as peopel in the finance world call em.. private equity company.
Just as a point of fact Canada is oil independent, Canada is the largest supplier of oil to the USA, and with potential resources in the Arctic suspected of being even bigger you may want to be a little nicer or we'll just send it to our friends in China yea, fat chance you'll be gettign all the oil when you've got the UK, Russia and other countries with a real military having claims :P
We get Oil from Coal, and Coal from wood, and wood from water and sun!!!!
WOWOIL IS UNLIMITED!!!!
lmao... but you ignore any laws of conservation. how much energy, time and material will u invest in Oil production?it is theoreticaly unlimited. practicaly we jsut need to budget properly with world rescources for it to be.
and if it was not cost effective, why are people, notably in china, doing it already?
of course there is no "shortage of Oil" on earth.
no more than there is a shortage of fresh water, or old forests.
what we have is a SURPLUS of people.
the shortage is only in correlation to the population of humanity, and the development of the third worlds.
Sometimes I wonder about you people...we don't have too many people. we just don't use our resources effectively.
the malthusian catastrophe theory is wrong. while population growth is exponentialy and resources linear, technology also develops exponentialy. thsi is why we did not quite go back to subsitence farming yet.
and even if i'm (and ****loads of economists and other scientists) wrong, nature and humand instincs will sort it out. i.e. war & disease.
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