when conservatives rock out about oil

[JiggsCasey]

I did read the 50 mm barrels. It was an exploration well, we would likely call that not commercial based on development cost. That said their are billions of barrels out there discovered year after year.

Gosh. That's vague. Where? In what amount? Total them up. Link to a site that charts discoveries, if you would. Are they proven reserves? Technically recoverable reserves that mean nothing? How for down? How far out?

How much does it provide up against 86 million b/pd consumption?

You're giving hollow guestimates on half the story, and attempting to wow onlookers with "millions" and "billions" words without any context whatsoever.

Do better, please.

 

[KissMy]

This Peak Oil scam has been going around for almost 100 years. What drove oil prices up to $145.29? Here is a clue. This coincided with the "Peak Oil" media blitz. Similar to the Enron Power Scam. Oil traders leased most of the oil tankers tying them up to restrict the transportation of oil to markets. They stored their oil in these tankers & parked them offshore so they would not count in inventory creating the illusion of an oil shortage. This is called "Floating Storage"

Oil Stored at Sea Washes Out Rallies
More oil is being produced than recession-stricken economies need, and prices have fallen as the extra crude fills storage terminals world-wide. Crude-futures prices are down 72% from the record hit in July... The oil sitting at sea adds an extra layer of uncertainty about the supply overhang, which traders said must be whittled down for oil prices to rebound. Tankers carrying up to two million barrels each aren't counted in official statistics. Ship trackers estimate that as many as 80 million barrels may be on the water, or more than twice the amount kept in the largest commercial storage center in the U.S., in Cushing, Okla.

What Event Happened on the very day oil stopped climbing past $145.29 & began its decline all the way down to $33.87? That is a $112 drop in oil prices!

[ame="http://www.youtube.com/watch?v=FusqAtX0OJ8"]Oil Drops $112 because of this![/ame]

Amazing I Tell You, Utterly Amazing! If you think I am lying about the cause of the $112 drop, Check the date against the oil price charts. Now you see "Drill Baby Drill" worked. Don't you just hate it when Sarah Palin is smarter than you. This stuck all those Enron type traders with ship loads of oil that they lost their ass on. Now what event happened on the very day Oil Prices started to climb again from the $33 dollar low. Hint (New Administration). Check The Charts!

[ame="http://www.youtube.com/watch?v=89CohSC3Odo&feature=related"]The Origins of Oil[/ame]

If Peak Oil was real it would be getting far more press than Global Warming, yet you hardly ever hear about it. You can't get more global warming if you had peak oil.

[ame="http://www.youtube.com/watch?v=oo12pxjT_uw"]More Oil Found in Arctic[/ame]

[ame="http://www.youtube.com/watch?v=LHD4U2q_p4c&feature=related"]Myth: The World is Running Out of Oil 1[/ame]

Ever notice every time an oil company strikes a huge billion+ oil field it later gets revised down to only like 50 million barrels. Then years later they end up producing nearly what the original estimate was. Have they been hiding something?

[ame="http://www.youtube.com/watch?v=ukW9zveKKwk&feature=related"]Peak Oil Scam 1[/ame]
[ame="http://www.youtube.com/watch?v=HX8Ih9N-JT0&feature=related"]Peak Oil Scam 2[/ame]

After congress got us into 2 wars I talked with a Democrat US congressman back in 2003 about how we need to produce here & stop funding terrorist & fighting for it in the Middle East. He told me that we were holding back on our US production in order to strategical use up all the cheap foreign oil first. This way we would get top dollar for our oil & pay off all our debt in the end. We also create a world of consumers of US products through Petro Dollar Recycling because of agreement with OPEC to only sell oil in US dollars. It is a crazy world ran by liers.

[ame="http://www.youtube.com/watch?v=g3kvrFUdc-0&feature=related"]Peak Oil is a fraud[/ame]
[ame="http://www.youtube.com/watch?v=KXzFvlIgPwo"]War on Peak Oil[/ame]

 

[KissMy]

The Oil Shell Game Continues. This Just In, Hot Off The Wire: Bloomberg - Oil Imports Surge as Traders Unwind Floating Storage Bets: Energy Markets

Oil imports into the Gulf of Mexico region surged to a record last week as the profits from floating storage evaporated, pushing traders to unload their cargoes and forcing crude futures lower.

The price advantage for traders who buy oil and store it at sea for a month instead of delivering it immediately has shrunk 90 percent since May. Floating storage in the Gulf dropped 24 percent in the week ended July 23, Bloomberg data show.

“What was going on last week was dumping the crude,” said Tim Evans, an energy analyst at Citi Futures Perspective in New York. “The spread is putting pressure on those holding inventories on tankers to move it ashore.”

Stockpiles unexpectedly rose 7.31 million barrels, or 2.1 percent, to 360.8 million in the week ended July 23, confounding analysts who predicted inventories would fall 1.73 million barrels, or 0.5 percent, to their lowest level in four months. A surge in imports to Gulf states contributed to the glut, Energy Department figures showed July 28.

 

[JiggsCasey]

This Peak Oil scam has been going around for almost 100 years. What drove oil prices up to $145.29? Here is a clue. This coincided with the "Peak Oil" media blitz.

If Peak Oil was real it would be getting far more press than Global Warming, yet you hardly ever hear about it. You can't get more global warming if you had peak oil.

So which is it? A media blitz, or do we hardly hear about it? You see how your wall of bloviated text is all over the place with convenient self-rationalization, do you not?

There is a glut of tankers and a price purge because demand has been crushed by deep recession. It's very simple economics here, denialist.

For all your nonsense, you still refuse to answer the question: If if it's all a big "scam," then somehow the IEA, the EIA, the Pentagon and the Dept. of Energy are all in on the conspiracy, right? Dick Cheney too? He admitted global oil depletion in 1999 at the London Institute of Petroleum. You're working backwards from a conclusion you desperately hope to be true. Unfortunately, men in the petroleum geology industry tend to disagree with your hope-based thesis... oops:

[ame=http://www.youtube.com/watch?v=cd7QGbNKxoQ]YouTube - ASPO.TV News - Acknowledging the Reality of Peak Oil[/ame]

Anyhow, I'll let you get back to pretending a geological fact is just some grand global conspiracy. Ironically, this goofiness comes from the same kinds of people who dismiss 9/11 and Iraq conspiracy fact out of hand.

Behold!!!! ... the situational ethics of the modern con man!!!

 

[KissMy]

This Peak Oil scam has been going around for almost 100 years. What drove oil prices up to $145.29? Here is a clue. This coincided with the "Peak Oil" media blitz.

If Peak Oil was real it would be getting far more press than Global Warming, yet you hardly ever hear about it. You can't get more global warming if you had peak oil.

So which is it? A media blitz, or do we hardly hear about it? You see how your wall of bloviated text is all over the place with convenient self-rationalization, do you not?

Peak oil was a media blitz on the financial & science channels & papers just after the shortage was created. Now it is not. Global warming has been a constant media & political drumbeat for the past 12 years.

The IEA, the EIA, Pentagon and Dept. of Energy were all fooled by this "Floating Oil" scheme. They bought into "Peak Oil".

 

[topspin]

Jiggs are you one of the don't drill in my backyard libtards?

 

[JiggsCasey]

Jiggs are you one of the don't drill in my backyard libtards?

no, i'm the guy at 2:23:

[ame=http://www.youtube.com/watch?v=dZe1AeH0Qz8]YouTube - GASLAND Trailer 2010[/ame]

 

[JiggsCasey]

The IEA, the EIA, Pentagon and Dept. of Energy were all fooled by this "Floating Oil" scheme. They bought into "Peak Oil".

and there it is...

thank you for being you... this debate is officially over.