Heatingoil/Natural Gas isGoing Up! Up! Up! »
Posted By engineer 10 months, 1 week ago in Business & FinanceTHERE IS NO OIL SHORTAGE and, get this, that OIL IS NOT A FOSSIL FUEL. The myth of an oil shortage is exposed. The book "Black Gold Stranglehold" is an expose. This is the summary
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engineer
Hi My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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engineer10 months, 1 week ago
THERE IS NO OIL SHORTAGE and, get this, that OIL IS NOT A FOSSIL FUEL.
But how can that be? Interview Doc or Craig and seeâ;;and forget everything you thought you knew about oil and prepare for a most provocative interview.
Making the case for these two paradigm shifts in traditional oil knowledge, the authors of "Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil" (WND Books, $26.95 hardcover, November 7, 2005), will explain the sham of high heating fuel costs, why gasoline should be closer to 80 cents a gallon, and how we are currently sitting on the largest oil reserves in world history.
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jimdoze10 months, 1 week ago
'tis better for humanity to turn to a single corporation for it to hope for a better future, right? That could only be the state (perhaps in the form of a single world government), as the only corporation, entrusted to handle every aspect of our lives. Is that what you wish for?
"Global corporatists" whose "only purpose is to bleed humanity dry to enslave all." Such puerile nonsense.
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texangelwings10 months, 1 week ago
Interesting read!
Here in East Texas, anyone with mineral rights to their land, are being asked to allow the oil rig companies to drill on the land. There are 50 new oil rigs in my area. West of Fort Worth, Texas, the same thing is happening.
I will have to check out that book.
Thanks engineer!
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rockman06910 months, 1 week ago
Same here. When I moved to Houston, I realized how prevalent the petrochemical industry is here. The refineries literally dot the horizon and I would venture to guess that more than 60% of jobs in the area are industry-related. I see now why it is called black gold...
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engineer10 months, 1 week ago
REmember when you bury Aunt Tillie, you don't line the casket and come back for No. 2 heating oil
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rockman06910 months, 1 week ago
A nugget of information I found was this:
"* DEBUNKING ENVIRONMENTAL ARGUMENTS
Burning of fossil fuels does not release into the air chlorofluorocarbons or halon compounds, the types of chemicals identified as the culprits causing holes in the ozone.
When human beings weren't around to remove carbon dioxide from the atmosphere or to put more carbon dioxide into the atmosphere, the earth still hung in the pendulum somewhere between ice ages and warming spells.
Climate models are constantly being readjusted."
Based on this information, is Al Gore right? Need we try to maintain our carbon neutrality? Something for all to chew on.
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JohnQPublicComment removed: User banned.3 Replies
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jimdoze10 months, 1 week ago
Black Gold Stranglehold argues that the U.S. needs "additional refineries in order to remove an important bottleneck with the U.S. oil industry. Right now, even if we found huge additional oil reserves that are readily available, we would be limited in getting the additional oil to market simply because our refineries are already running at or near full capacity."
Smith and Corsi propose a seven-step plan toward U.S. oil independence. One step includes "establishing tax incentives for opening new refineries in the United States."
My but tells me not to throw consumption caution to the wind. However, I certainly agree that we are in very sore need of more domestic refineries!
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JohnQPublicComment removed: User banned.4 Replies
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quackpot10 months, 1 week ago
According to Congressional testimony, Oil companies have not invested in new refineries because they expect the demand for gasoline to decrease (smaller more efficient cars). They explained that they totally regretted the hight gasoline prices that the strangle hold on production has created and disavowed any profits that they might have made. The congress-people at the hearing just sat there and nodded.
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Francisca10 months, 1 week ago
Thanks for this article Engineer!
Yes, I knew we have no oil shortage.....They say we still can hold for years! Just an other excuse for increasing their prices. The owners of the " black gold" are the masters of the World and we are guilty to be so dependent on!
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JohnQPublicComment removed: User banned.3 Replies
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KYRed10 months, 1 week ago
Last year I was promised that the price of natural gas was going to go down by 50%. Meanwhile I used less gas than the winter before and duh. I spent more money on gas than the winter before. Now I mainly use wood and it's much cheaper.
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1-2-Oscar10 months, 1 week ago
It's very easy to sell garbage if you wrap it in the cloth of science. In this case, however, the garbage stinks, so very few people will be fooled.
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triizine10 months, 1 week ago
Is this really such a shock? The president is a Texas oil man. Gasoline prices here (Colorado) are still at or above the $3.00 mark, so count your blessings if you're getting it for less. We have natural gas rigs everywhere here, so I can't understand why natural gas prices are going up, when we obviously have the supply, and natural gas is not a petroleum product anyway.
It makes me glad that I heat with wood. And for the tree huggers out there who might admonish me for heating with wood... We harvest deadwood, keeping the forest fire danger down.
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ML2007Comment removed: User banned.
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pete1110 months, 1 week ago
The scientific flaws in this article could only be written by someone who thinks the world is 5,000 years old. No dinos in Saudi Arabia. Actually there are many animal and plant fossils in Saudi Arabia due to the fact that during ice ages that area is nice and wet. What scientist thinks that dinos made oil????? Oil is generally considered to be the organic residue of single celled creatures heated by the earth for millions of years. Burning oil doesn't create CO2...really?? Better tell the rest of the world that burning doesn't exist. What a dumb article. If you think this article is real science, I have a 4 grader who can set you straight.
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HmacComment removed: User banned.
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bill293610 months, 1 week ago
AS for oil being organic in nature, the consensus is moving toward the inorganic concept. That the oil and gas pockets underground were formed by the precipitation of methane gas from the earth's core. This is supported by oil and gas being found in locations not known for having the proper geological formations that were not traditionally formation believed to contain oil. Oil and gas being found at depths that cannot be explained easily by the dino/plant theory (10 miles). And the fact that some older fields that were played out and abandonned are being reopenned and found to contain oil of a different type (Notice that when they discuss oil prices on TV, they talk about things like light, heavy, Brent Sea, West Texas Intermediate) then the original oil.
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aceofspades110 months, 1 week ago
AS for oil being organic in nature, the consensus is moving toward the inorganic concept
bill2936 === please cite a source for this comment
I could as easily say - the consensus is moving towards the concept of the moon actually being made of green cheese
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Dionys10 months, 1 week ago
Why isn't this article under the "humor" heading? It's some kind of weird joke, right?
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panzerv10 months, 1 week ago
Seems I remember in the seventies when they had the big gas shortage. I was told by an acquaintance that works in Texas that I should come down and see all the tankers parked in the gulf. He said you could just about walk across them to Mexico. They weren't allowing them to off-load. They just parked them out there until they got the gas prices up where they wanted them. I'd give anything to see THOSE prices again.
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rdy2rck10 months, 1 week ago
You could write a book about this.But here are some points. As Globalization takes place(there are now fewer than 1000 people controlling all the "money.")And anything they want to do to enrich themselves or make dough or achieve political gains anything can become "scarce" and we pay.
I don't know if oil is "fossil" or not but do believe it will run out someday, BUT IF THE SPICKETS WERE OPENED THERE WOULD BE PLENTY FOR A LONG.LONG,TIME
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quackpot10 months, 1 week ago
Did you note the term at the top: "special guests"? These bozos certainly are "special"!!!!
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Bkumm10 months, 1 week ago
Some class from Craig R. Smith, one of the co-authors of this screed.
"So I have a simple solution to the detainee dilemma at Gitmo. Execute them all. And no, I am not kidding. This is the only way to assure these death-motivated folks will never hurt anyone again. If they die as martyrs, they get their reward from Allah anyway. This will eliminate the chance of torture if sent to another country or anymore horrendous treatment at Gitmo. Heck, I think it is such a good solution, I would be more than happy to pay for the injections."
Wow. Here's the site:
http://www.craigrsmith.com/commentary.php
It's his own web-site. He's a part of the conservative lunatic fringe. More debunking to come.
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Bkumm10 months, 1 week ago
Jerome Corsi is the author of such truthful and enlightening works as:
"Unfit for Command: Swift Boat Veterans Speak Out"
and
"Atomic Iran"
Ooops.
Also, he has his PhD in political science, not in an actual science like oh, geology or chemistry or something that might actually give him some credibility in his "Black Gold" hocus pocus.
More to come.
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Bkumm10 months, 1 week ago
"Said Dr. Corsi, "According to the U.S. Dept. of Energy, the proven world oil reserves as of 2005 is 1.3 trillion barrels of oil. Much of these reserves are in Anwar/Alaska where it appears we will shortly have the go ahead to begin drilling for some of this abundant oil.""
Wrong on at least two counts. The US DOE said that the proven oil reserves were 1.3 trillion barrels as of January 2007. That means that there were no significant oil reserves 'proved' (if you buy Dr. Corsi's numbers) between 2005 and 2007. That doesn't sound like were sitting on an oil surplus. It sounds like we're using it at the same rate we're pumping it.
Secondly, and most interesting, the US has proven oil reserves (as of 2007) of just over 21 billion barrels. That's the whole US. Moldova has more proven reserves than we do. So, the 'much of it under Anwar' is a LIE.
http://www.eia.doe.gov/emeu/international/reser...
More to come.
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Bkumm10 months, 1 week ago
Let's take each of their 'points' one at a time:
"1) If oil is a fossil fuel, why are there virtually no dinosaur bones in the oil-rich Middle Eastern countries?"
There are several factors, but the first and most important is that there have been dinosaur bones found in the Middle East. The second point is that dinosaurs aren't the primary 'ingredient' in oil. Plants and tiny animals in aquatic environments are. So, even if no fossils were found in the Middle East, it doesn't mean anything. Oil is primarily dead plant matter that has converted under heat and pressure to oil over time.
So, the first question is like a literal Bible believer asking an evolutionist to explain why there isn't a 'missing link'. It's a stupid (yes, that's what I meant to say) question.
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Bkumm10 months, 1 week ago
The idiocy continues:
"2) Why is there virtually no oil in Montana, North and South Dakota, the states that are loaded with dinosaur fossils? Did the dinosaurs make a salmon-like death march, beating a fast retreat from the Middle East to visit Mount "Rush" More?"
Certainly, the states in question do have many dinosaur fossils, but they are by no means the only places where there are rich deposits of fossils and some of them are in places where there is...GASP...oil. Canada, which has one of the largest oil sands reserves on the planet is a very rich fossil area. It's called cherry-picking kids, don't believe it for a minute. Montana, in 2006, produced 32 million barrels of oil. North Dakota: almost 40 million barrels. South Dakota: 1.3 million barrels.
And if you look at this site:
http://tonto.eia.doe.gov/dnav/pet/pet_crd_crpdn...
You'll see the US produces less oil each year.
More to come.
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Bkumm10 months, 1 week ago
And it just keeps getting worse:
"3) From a supply and demand standpoint, when supply (1.3 trillion barrels of oil) exceeds demand, gas prices should be plummeting, not escalating."
One of their 'arguments' is that refineries are the bottleneck keeping the price of oil high. But, then they jump on the supply and demand argument? They just shot themselves in the foot. From an economic standpoint it is irrelevant whether the supply is artificially or naturally restricted, the fact that there is less supply with more demand drives up prices.
Secondly, there IS NOT 1.3 trillion barrels of oil sitting in a tank somewhere just waiting for someone to ship it to the US. Proven reserves. That means still in the ground. Somebody has to pump it out of there and deliver it. It is part of the supply, but right now the world is using just about every barrel anybody can pump. The S/D argument is just silly.
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JohnQPublicComment removed: User banned.1 Reply
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NelsonR10 months, 1 week ago
Sorry Engineer but I could only read half the article and it was obvious, ludicrous.
No dinosaurs bones in Saudi Arabia, and why the oil? The answer the plant and animal material was deposited and converted to oil where bones exposed to pressure and temperature would have changed it to oil.
Montana, Wyoming and S. Dakota have vast coal reserves, if not oil coal.
This article is way out of date mentioning Thanksgiving and two people of inferior knowledge concerning the oil industry.
Oil is a byproduct of earlier life transformed to oil through heat, pressure and time. That is a fact with oil being a definite finite product.
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