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Title: World oil production peaking in 2014 - Kuwait
Source: Fire Earth blog
URL Source: http://feww.wordpress.com
Published: Mar 11, 2010
Author: FE Blogger
Post Date: 2010-03-14 05:37:05 by Tatarewicz
Keywords: None
Views: 4076
Comments: 68

Researchers in the ME oil-producing state of Kuwait expect world oil production to peak in 2014 after they evaluated conventional production in 47 major oil producing countries. They found oil reserves to be dropping by a rate of 2.1%/year.

Tatarewicz: Also see on the same site: Last May's 3.3 earthquake in Texas was likely caused by oil drilling activity.

http://feww.wordpress.com/2009/0...-caused-texas-earthquake/

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Eric Stratton  posted on  2010-03-14   6:22:15 ET  Reply   Untrace   Trace   Private Reply  

The 'Abiotic Oil' Controversy

wudidiz  posted on  2010-03-14   6:30:04 ET  Reply   Untrace   Trace   Private Reply  

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Eric Stratton  posted on  2010-03-14   6:43:21 ET  Reply   Untrace   Trace   Private Reply  

The concept of "oil peak" is strictly linked to a view that sees oil as a finite resource. Several economists have never accepted this view, arguing that resource availability is determined by price and not by physical factors. Recently, others have been arguing a more extreme view: that oil is not even physically limited. According to some versions of the abiotic oil theory, oil is continuously created in the Earth's mantle in such amounts that the very concept of "depletion" is to be abandoned and, by consequence, that there will never be an "oil peak."

Scientists Prove Abiotic Oil Is Real!

Abiotic Oil -- Reserves Replenished by Process in Earth's Mantle?

wudidiz  posted on  2010-03-14   7:41:58 ET  Reply   Untrace   Trace   Private Reply  

The concept of "oil peak" is strictly linked to a view that sees oil as a finite resource. Several economists have never accepted this view, arguing that resource availability is determined by price and not by physical factors. Recently, others have been arguing a more extreme view: that oil is not even physically limited. According to some versions of the abiotic oil theory, oil is continuously created in the Earth's mantle in such amounts that the very concept of "depletion" is to be abandoned and, by consequence, that there will never be an "oil peak."

Scientists Prove Abiotic Oil Is Real!

Abiotic Oil -- Reserves Replenished by Process in Earth's Mantle?

Exactly. And this has likely been known since at least the 1930's when the first ideas on abiotic oil bubbled up.

As I have pointed out repeatedly there are persistent reports that have leaked out of major finds being capped and kept out of production. This is done I suspect for two reasons:

1. To hold the price of oil products up and prevent competition.

2. Control. Along with food our modern technologic society requires a steady and plentiful supply of energy to continue to exist and operate. Of course it has not just been oil that has been controlled but the repeated reports of new discoveries on how to produce cheap (CLEAN)) energy which is bought up, bottled up, and suppressed.

People first need to understand that we live in a controlled society. The control is maintained by controlling information flow, the media, food, agribusiness such as Monsatan, energy, oil etc., ..., and money i.e., Da Fed.

By controlling those they don't need to have massive prison camps - until they are ready to begin mass liquidations of "excess population".

Original_Intent  posted on  2010-03-15   13:04:25 ET  Reply   Untrace   Trace   Private Reply  

1. To hold the price of oil products up and prevent competition. 1. To hold the price of oil products up and prevent competition.

With our boom of gas drilling going on, there have been hints that there "may" be recoverable oil at a deeper level. Presently the gas wells are down only 5000 feet and then drilling horizontal for a mile in several directions.

There has not been a dry hole, every well has hit.

It is such a bonanza that the Japanese last week dropped over $4 billion to buy into one company. the drilling and pipeline work are going on 24/7 without let up.

Cynicom  posted on  2010-03-15   14:21:08 ET  Reply   Untrace   Trace   Private Reply  

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