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Title: from Texas_Engineer, posting at The Oil Drum
Source: drumbeat, December 26, 2011
URL Source: http://www.theoildrum.com/node/8766/860272
Published: Dec 26, 2011
Author: texas engineer
Post Date: 2011-12-26 18:29:06 by lead.and.lag
Keywords: None
Views: 1343
Comments: 87

Human beings are not creatures of facts and logic - they are people who live in stories. This is not new - it has always been that way. We have certain collective narratives that almost everyone automatically accept without further thought. It is how we make sense of the world. These narratives keep us sane by allowing us to filter out the hurricane of information swirling around us daily and making some sense of it. The current narrative that most people subscribe to is that economic growth will eventually return or we have plenty of oil but the government is not letting is drill for it.

For that reason I am not convinced that you will ever convince the average citizen (not a technical person) by showing them data. I am a data person and I have tried it with my family and their eyes glaze over.

So I think you can only change people's views is by constantly telling them a different story - one that is consistent with their current experience. It worked pretty well with my family. A story something like this:

If peak oil is a possibility - what would it be like? Well for starters the peak oil story is not about potential oil under the ground. That oil is irrelevant because it cannot be used. Peak oil is only about one thing - the ongoing flow rate of oil into the economy. For all of the last century and up until about 2005 that flow rate grew steadily. But that flow rate pretty much came to a halt in about 2005 and for the last half decade could not grow. And as you would expect the global oil price started to rise. That's what happens when supply cannot keep up with demand. Economists told us not to worry - Mr. Market would immediately react with increased supplies, reducing price - but it did not happen.

The global oil price (Brent Crude) is now consistently above $100 per barrel after staying below $20 for most of the last century. This is what peak oil is like. This is what peak oil was predicted to be like. High energy prices eat away at the economy by pouring sand into the gears of the economy. Every country in the world tried to compensate for this slowdown by increasing debt. The world is now ludicrously broke - with no chance of paying off this debt bubble. This is peak oil - it is not about resources under the ground - it is about oil production rate - and high oil prices. Don't tell me peak oil cannot happen - it is happening.

I have personally found that my family is stumped when I present this story in this way. They don't have an answer. But the story caused a few of them to ask to see some data. Then I showed them the data. Now they are worried and they hate me :-)

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Begin Trace Mode for Comment # 85.

#3. To: all (#0)

That oil is irrelevant because it cannot be used. Peak oil is only about one thing - the ongoing flow rate of oil into the economy. For all of the last century and up until about 2005 that flow rate grew steadily. But that flow rate pretty much came to a halt in about 2005 and for the last half decade could not grow. And as you would expect the global oil price started to rise. That's what happens when supply cannot keep up with demand.

"Peak Oil" is a bs theory used by people with a vested interest to keep oil and gas prices high. Do you recall the so-called "gas shortage" of the early 70's? I do and I remember it well. Long lines of people waiting for gas and actually getting into fights over it. And for what? I told people at the time that it was a scam by the oil companies and when they got the price where they wanted it--which at that time was about one "dollar" a gallon--the gas would flow freely again and you wouldn't hear any more bs about any "shortage." Exactly what happened. There is plenty of oil and gas and lots of it here in the US.

James Deffenbach  posted on  2011-12-26   19:00:42 ET  Reply   Untrace   Trace   Private Reply  


#81. To: James Deffenbach (#3)

My friend, when Mr. Gno it all asks questions like "why were oil prices so low for so long?

what changed?

whatever changed, why did it change?"

you can surprise him with this anecdote:

An oil rich prince made regular visits to his favorite New York bank to accompany his mammoth wealth deposits and to allow his wives to go shopping for personal items to keep the flame of passion burning when each of them overnighted with their husband.

With each visit the prince would direct his bankers and investors to send massive sums into various accounts and investments, and then he'd ask for a bag of silver dollars to take home for his children who loved to play with them.

Then, suddenly and without warning he was told that he could no longer receive silver dollars from the bank or exchange his freshly printed federal reserve frauds ($=Ø) on par for silver.

This prince was from a tribe that had long held a deep mistrust of usurers, particularly those immigrants in the West who were known to be "true to their natures".

Within about 30 months or so after the prince returned home the evening news reported gun play in gas lines as customers with V8s and dual carbs began running out of fuel before reaching the pumps. And OPEC raised the price of oil again and again to reflect the falling value of the "unmunny" used to purchase their wonderful, "light, sweet crude."

The price stability for "most of the twentieth century" was a direct result of the fact that central bankers could not print silver dollars. And the rest is prologue.

The Bretton Woods system that had guaranteed a worldwide demand for dollars and stable oil prices from 1944 until the "shootouts at gas guzzler corral" in 1973 wasn't such a swell deal "for them dam Arabs" anymore. They were swapping a valuable, tangible commodity for a bunch of political hot air, like "The value of our money is based on the strength of our confidence in it and faith in The US Government. (everybody sing, "GOD BLESS AMERICA, LAND THAT I LOVE....")

Nixon's fiat decrees (direct orders from his bosses in the crushed velvet chairs) to take us off the gold standard in 1968 and to never again redeem frauds (Ø) for silver dollars in 1971 is the reason why the price of oil pole vaulted to a dizzying height. After all, oil extracting countries had every right to protect their profit margins, and they couldn't sell THEIR OIL Frog Francs or Kraut Marks or Limey Pounds. (Saddam did that and he was hanged as "an enemy of the world". And rumor has it (if I can get it started) that the US Govt is taking secret bids on gallows construction to include specialized camera mounts and angles for Hugo Chavez for the same crime against the Tikkum Olam people who only want to save the world with their blessed paper munny and digital units)

If oil is an important enough resource for us to bomb nations and depose foreign leaders, then why isn't it nationalized to prevent Big Oil from crippling our entire economy in their quest for obscene profits? Why not guarantee a strong economy and then subsidize big oil like the dairy industry?

Well, BIG MOO is an influential lobby but unlike Big Oil, Dairy's bib overall-clad lobbyists never had enough cheese to buy a majority of congress. And BIG OIL will gouge hard until technology inevitably replaces fossil fuels. It's just a matter of time before someone they dare not assassinate goes on TV and makes the announcement that there's no longer any need to frack people in the butt or drill Mother Earth to death. So, Big Oil's really terrified of the water engine.

And, why would EXXON deny Peak Oil? because the boss of bosses does not want to explain why they aren't frantically leading the research for alternate energy technology (can you picture the commercials at halftime of lab coated eggheads with safety glasses and hard hats pouring over graphs and blue flame-emitting experiments as promised in the 2008 article below?) As you know they're trying to turn the simple technology of separating hydrogen from water into a complicated Rube Goldberg technology that will require our continued and perpetual slavery to fueling stations. Until then "fossil fuels are doing fine, folks."

And last, here's the pinnacle of what my good friend the late Dr. Roy Salls termed, "Methodological Mouthtalk":

Rockefeller vs. ExxonMobil

Peak Oil: A Turning Point for Big Oil

By Chris Nelder

Wednesday, May 7th, 2008

Last Thursday, in my second appearance on Fox Business, Neil Cavuto asked me whether or not I thought it was a good idea to tax the "windfall" profits of Big Oil, and let Congress spend them on alternative energy.

I said no: "The profits that big oil might make at this point I don't think are necessarily off the table in terms of being available to invest in the technologies of energy of the future. I think instead of taxing income and profits, we ought to be looking at ways to incentivize the fuels of the future." ("Methodological Mouthtalk"-puppy)

Who is the "we" he's referring to? As a "self-taught energy expert, energy analyst, journalist and investor" Chris Nelder seems to be speaking for BIG OIL and the peepul. And he SEEMS to be saying that we the people shouldn't tax "windfall profits" and that we the people should guarantee BIG OIL'S future as our first priority, and then out of sheer gratitude for the profits we the people didn't tax, we the oil companies' stockholders will see to it that we the BIG OIL R&D eggheads and we the people's financial analysts will solve the puzzle of how to "incentivize the fuels of the future."

_Continued at link

(COUGH COUGH-bull doody-HD)

_________________________________________________

I laff to keep from crying, folks.

(I)ncentivize (sic) for Big Oil to build a minimum of 20,000 fueling stations and support infrastructure including acquisition of pricey, custom rolling stock for fuel delivery and support, and of course the first ten trillion units of hydrogen fuel delivered will have to repay the investment and make stockholders rich beyond their wildest orgasmic expectations. Needless to say, the new fuel can't be too efficient and the engines that burn it had better require lots of maintenance, and have a life span of no more than 10 years.

"Sleep, baby sleep no danger will linger, we know that BIG OIL won't give us the finger..."

(thanx to Tom Lehrer)

HOUNDDAWG  posted on  2011-12-27   6:25:05 ET  Reply   Untrace   Trace   Private Reply  


#83. To: HOUNDDAWG (#81) (Edited)

And, why would EXXON deny Peak Oil? because the boss of bosses does not want to explain why they aren't frantically leading the research for alternate energy technology

seeing as how exxon cranked up their nuke divion over 40 years ago, bigtime, and were shot down by a barrage of anti-nuke propaganda from the israeli american media, i guess maybe there might be another reason that exxon's denying peak oil...

...seeing as how exxon teamed up with the israeli americans of the AEI and PNAC, who said they needed a new pearl harbor to get their project started.

then they were installed into high positions in the US government, then their new pearl harbor happens, then we started bombing oily muslims.

one coicidence after another, the string of coicidences is amazing.

lead.and.lag  posted on  2011-12-27   10:10:21 ET  Reply   Untrace   Trace   Private Reply  


#84. To: All (#83)

• 60s--- exxon explores for uranium

• 1969--- exxon establishes Exxon Nuclear Company, Inc, goes whole hog on startup, 200 million spent, billions planned

• 1970--- american oil production peaks. how far back did exxon see this coming?

• 1979--- film "the china syndrome" debuts 12 days before three mile island

• 1979--- three mile island meltdown, israeli american media hysteria, no casualties

• 1979-1981--- lee raymond president of Exxon Nuclear ...three mile island damage control?

• 1983--- merle streep as karen silkwood, assisted by director mike nichols and producer norah ephron, demonstrates how evil the nuke industry is.

• 1986--- chernobyl. sabotage? 60 deaths, more israeli american media hysteria, chernobyl contributes to disintegration of soviet union, and the collapse of the soviet union paves the way for israeli russians' takeover russian energy

• 1986--- exxon dumps Exxon Nuclear a few months after chernobyl

• 1993--- lee raymond was named chairman and chief executive officer of Exxon Corporation

• 1997--- PNAC founded by radical israeli americans of the AEI (american enterprise institute), kristol and kagan, at neocon central, 1150 17th St NW, washington dc, home of the AEI and bill kristol's weekly standard, the neocons' flagship publication.

• 1998--- exxon overtly signs on with the israeli americans. the primary israeli american think tank, the AEI (american enterprise institute) has received $1,870,000 from ExxonMobil since 1998

• 2000--- the israeli american plan surfaces at PNAC ---a spinoff of the AEI---- noting the need for "a new pearl harbor" to stimulate support for an israeli american project to grab control of middle east/central asian energy deposits and transport routes.

• 2001--- israeli russians ---yukos oil oligarchs and others--- were still in control of russian energy, thus ensuring oil supplies to israeli america once israeli americans begin tearing up the middle east oil patch in their project to rearrange the middle east to israeli spec...

exxon, shortly after 9/11, signs the sakhalin deal with russia, scheduled to become the largest foreign investment ever in russia.... but the handwriting was on the wall as gusinsky, the israeli russian media oligarch, had already been purged, and had fled to israel.

...this handwriting, pointing to eventual expulsion of the yukos oligarchs and other israeli russian gangsters, contributed to the urgency of getting the 9/11 project underway, in hopes of generating enough sympathy that putin would allow israeli russians to remain in control of russian energy

• 2002--- lee raymond, CEO of exxon, named vice-chairman of the AEI’s board of trustees.

• 2003--- khodorkovsky, the israeli russian boss of yukos, attempts to sell yukos to exxon, then run by CEO lee raymond ---the same lee raymond who became the vice-chairman of the board of the israeli american AEI think tank in 2002... the same lee raymond who took over Exxon Nuclear during the three mile island crisis in 1979

• 2003--- iraq shocked and awed... lies about iraq wmds, promoted by the AEI, PNAC and the israeli american media, serve as pretext

• 2005--- raymond retires from exxon with a $400 million dollar golden parachute (a bonus for his help in setting up the invasion of iraq?) and slides into his position as head of the National Petroleum Council in October of 2006.

• 2009, february--- lee raymond has lately disappeared from the AEI, and his disappearance may be an indication that the AEI is feeling some heat for its role in lying us into the PNAC oil acquisition project, not to mention the dawning suspicion that the AEI/PNAC outfit had something to do with staging 9/11.

lead.and.lag  posted on  2011-12-27   10:17:54 ET  Reply   Untrace   Trace   Private Reply  


#85. To: All (#84)

it's no secret that the israelis have been pushing for reassembly of the middle east for decades, and it seems reasonable to assume that israel -located as it is adjacent to the world's biggest oil patch- would not be nearly as important to america if america were not so dependent on oil.... for instance, if america was supplying itself with electricity from nuke plants built and operated by exxon, fueled with uranium from exxon mines.

if exxon had continued with its nuke development, maybe most of us would be driving electric cars by now...

...but once exxon became aware of israeli americans' determination to thwart development of nuke plants, once exxon became aware of the power of the israeli american media, once exxon became aware of israeli and israeli american determination to remodel the middle east, exxon gave up on their nukes and joined up with the israeli americans in their land and oil acquisition project.

since the american taxpayer would be footing the bill for the project -at a time when oil is getting scarce and exploration and production costs are soaring- an alliance with the israeli americans and their PNAC project is the cheapest way for exxon to grab a chunk of the biggest oil reserves in the world.

lead.and.lag  posted on  2011-12-27   10:20:45 ET  Reply   Untrace   Trace   Private Reply  


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