Peak Oil Production - Happening Now

The changes in consumer patterns will unfortunately be dying and living in cold houses growing their own food if market forces are left to deal with the situation their way.

I'm sorry to be so blunt.

 

Thanks for both posts... i see were my thinking (well what i have read) links with what the thread is saying.. you explained it very well.

If i knew that i would be a very rich man ... pardon the horrible implications of just repeating what you say happens with oil Seriously i doubt we knew the potential of oil till it was experimented with ??? not sure how that happened , i doubt a devine intervention or just coincidence .. when another 'oil' is found it will probaly revolutionise the world (hopefuly) .


I still have to think about it all ?..

could you do a sterling job of explaining the links with bush/oil/iraq war and the other coalition partners ? .. sorry to be a pain ..

 

Iraq has the second largest oil reserves on the planet and it is extremely under produced. With its reserves it should be producing somewhere close to 6 million barrels per day but because of UN sanctions and a very dilapitdated infrastructure it only produces around 2 million bpd.

If Iraq were peacefull and had all the money invested in it with no limits, it could delay the peak of oil production a few years.

As the oil end game plays out it becomes a case of who can secure access to the dwindling reserves.

China is secureing contracts with Iran and Russia plus anyone else it can while the US has Saudi and now it looks like Iraq, as US companies have been given the contracts to develope the oil there.

Before the Iraq II war, France and Germany were making deals to get a hold of Iraqi oil and Saddam was seriously considering pricing his oil in Euro's. This was not how Bush and the Neo Cons wanted it to be.

Thats is my take on how Iraq is involved in the whole issue anyway.

 

He wasn't considering it, he did switch to the Euro standard in 2000. Part and parcel of the true underlying causation of Washington's militant intervention. It was as much an effort to see a new puppet placed in power to ensure the switch in Iraq back to the dollar standard, but also to send a threatening message to the rest of OPEC which had been moving in the same direction, which would have negated the traditionally cheaper oil costs for the US as opposed to all other nations which must maintain dollar reserves specifically for oil purchases under the long-running status quo.

 

just hope black gold keeps flowing out the pipe or i well see lots of people move down to florida. dont need much here to keep warm and fuzzy . who cares i though we hippies dont drive cars.

 

What about if there are solutions but we are to busy being short sighted and greedy now to implement them.

We don't have time to wait for it to be too late and then try and do what we should have started 10 years ago or more.

Don't worry, there are solution. Do worry, no one is implementing them!

Hmmm, So there is something we can do, try and get people to see sense and do the right thing before its too late.