Living in OIL Scarcity or Abundance ?

About: stansberry & associates - matt badiali's oil report

While this is an advertizement, there probably is some truth to it.  I would have to follow up in the Wall Street Journal I wonder how much the environmentalist will do to make sure none of it comes out of the ground.  The oil is in oil shale which until recently was not financially competitive to extract. Another interesting piece of info is that there exists in Utah one of the world's largest supply of coal which can be turned into a gasoline as well. Unfortunately Clinton put that resource off-limits to satisfy his environmentalist demographic.

I personally prefer discovering something new to burning fossil fuels - but, until then, I don't think we need to buy into the scarcity myth. It is the scarcity myth that has brought to power the oil cartels & tin horn dictators like Chavez & those in the middle East & caused the price at the pump to seem to skyrocket!

Note:  This is out of place in this group.

Tags

  1. oil
  2. scarcity
  3. abundance
  4. oil shale

Comments


Mark de LA says
Here is a more in-depth exposure of what Oil Shale is all about on Wikipedia.


Seth says
Sounds more like bad news ... if true then perhaps we can look forward to massive raping of the Earth while we pollute the athmosphere for another 100 more years ... woopy shit 


Mark de LA says
seth 2006-06-18 13:41:47 3745
Sounds more like bad news ... if true then perhaps we can look forward to massive raping of the Earth while we pollute the athmosphere for another 100 more years ... woopy shit 
Bad news to a liberal is finding a way out of scarcity & need for governmental control!

Mark de LA says
Here is more on a whispered about reserve of oil possibly in the Arctic.  Too bad the NY Times & the Journal of Nature all require pay to view the articles. Anyway, if we can't drill in Anwar do ya think we could ever drill in the Arctic ? Any shortage which you feel this 4July holiday is more caused by politics & the lack of new refineries in this country than the crude oil supply.
We do have plenty of oil to use while we shift to cleaner & more ecologically sound methods of transportation and power generation.


Seth says
M 2006-07-02 08:32:55 3745
We do have plenty of oil to use while we shift to cleaner & more ecologically sound methods of transportation and power generation.

Well like i said above and in We are going to run out of oil in this century. this scraping the bottom of the barrell, which i conceed can streetch our oil several decades is really bad news for our future, not good news.  It actually would be better if we didnt scrape the bottom of the barrell ... though i doubt that we will happen .... Those who can profit by our demise will certainly do so
source: gulfnews.com
Huge mines in Fort McMurray in Alberta turning tarry sand into cash for Canada and oil for the US are taking an unexpectedly high environmental toll, sucking water and natural gas and producing large amounts of gases linked to global warming.
...



Mark de LA says
seth 2006-07-02 09:42:26 3745
M 2006-07-02 08:32:55 3745
We do have plenty of oil to use while we shift to cleaner & more ecologically sound methods of transportation and power generation.

Well like i said above and in We are going to run out of oil in this century. this scraping the bottom of the barrell, which i conceed can streetch our oil several decades is really bad news for our future, not good news.  It actually would be better if we didnt scrape the bottom of the barrell ... though i doubt that we will happen .... Those who can profit by our demise will certainly do so
source: gulfnews.com
Huge mines in Fort McMurray in Alberta turning tarry sand into cash for Canada and oil for the US are taking an unexpectedly high environmental toll, sucking water and natural gas and producing large amounts of gases linked to global warming.
...
Please stay awake ! I also said that "while we shift to cleaner & more ecologically sound methods of transportation and power generation." - THERE IS NO NEED TO PANIC!

Seth says
M 2006-07-02 09:49:07 3745
Please stay awake ! I also said that "while we shift to cleaner & more ecologically sound methods of transportation and power generation." - THERE IS NO NEED TO PANIC!
Yeah i caught that part, M ...

What i am saying is that "this is bad news" ... that was my message.  From my perspective it would be better if there were a real and dire threat to our oil supply.  Then there would be a real and urgent reason to re-tool.  As it is, what's prolly going to happen is that we will be like the frog in water being heated to a boil who, because the change is so gradual, does not hop out of the water to save it's self.  A shortage of oil might be a coulple of decades too late to give us the lever we need to re-tool.  Not only that but the process of scraping the bottom of the barrel looks like it will actually accelerate the problem.  If you go back and make the same assumptions that i have, you will see that my point is well taken.

...u might try being a less confrontational and maybe we can deal with each other's points rather that each others personalities.

Seth says
Here is the frog in boiling water story


Mark de LA says
So then is it OK to lie about the oil supply in order create a panic to change?
I find myself that I work better & think more clearly when there is NO PANIC! I think Algore is in favor of a huge tax on gasoline. Maybe we should do that, eh ? Funny, the Democrat Party got real upset at the recent rise in gasoline prices. (We can argue that later, please) . If they agree with Algore, then they should have cheered & added a $3 tax on top of it.

BTW, did you get the boiling frog story from the Algore movie ?
BTW(2), I actually watched a National Geographic program last night where a badger got bit while catching/eating a puff-adder (one of the most poisonous snakes alive) , went into a deep death like condition while digesting the adder & then woke up after a few hours & finished his meal.  There might be a nice metaphor in that fact/story too!
I'm wondering if PETA objected to the slow boil of the frog experiment.


Mark de LA says
I am a selective spender.  I would not even want someone else to pay for a ticket for me for something that I don't align with & would prefer not flourish. Please spend your money more wisely on something else (at least if you are doing it for me). Maybe something to support Jessica's Law.


Seth says
M 2006-07-02 10:20:29 3745
So then is it OK to lie about the oil supply in order create a panic to change?
I'm not sure who's lie (or panic) you are refering here.  For my part i made a proposition node about it which ended up concluding that we would not be running out of oil any time soon.   So your comment above leaves me totaly confused .
source: ...
I find myself that I work better & think more clearly when there is NO PANIC!
Me too ... that's why i opened the proposition node room.

source:

BTW, did you get the boiling frog story from the Algore movie ?

yep .. he used it very effectively.  I particularly liked the the part where he reached in and saved the frog ... don't want to show a poor frog boiling to death on the big screen.   There might just be some solid behavioral science behind that demonstration.  Before you poke fun at it, you may want to study it.

I'm wondering if PETA objected to the slow boil of the frog experiment.
Watch the movie ... he didn't boil the frog .  Btw(3) you qualify as a republican blogger who could get a free ticket from me ... and for you i'd send Tina too ... just say the word.




Mark de LA says
I remember an Algore TV appearance in which he admitted exaggeration in order to force attention to his global warming panic - previously posted here somewhere. Do I have to dig it up for you ?


Mark de LA says
One of the more fascinating exaggeration admissions (I think on the daily show) was that he claimed to have been giving a slide show of the so-called facts in his movie for 8 year... later he said it was actually 20 years or more.  Now if we have 10 years to get our act together & he has been talking about it for 20 years are we fucked now or were we fucked 10 years ago or what ?


Mark de LA says
BTW, maybe Algore didn't boil the frog, but someone had to to make the case otherwise it is just another one of your famous Algore feel-good aphorisms. 


Seth says
M 2006-07-02 10:56:25 3745
I am a selective spender.  I would not even want someone else to pay for a ticket for me for something that I don't align with & would prefer not flourish. 

Your know, M, it is totaly scary how closed your mind is on this subject ... how everything you say has been scripted by the right wing propoganda side.   Really this is scary.  I've never seen you like this.  Did something personal happen that polorized your thinking?  I mean i've seen people who's careers are destroyed by some shift in politics and then they become bitter and then can never objectively see the other side of their pet issue.  I can give an example if you want.  Really i don't remember you mind having been clotted back in the San Francisco years ... or even the Walgrove years.  Maybe it's Colorado.  Seriously, you shold say something about how you got into this mind set. 

I prefer an open mind ... i prefer to delve into the science itself instead of holding to just the surfacy polorized articles.  Gore's movie was dramatic ... it was designed to win hearts and minds.  True,  there is a level of it that must needs be scripted in rhetoric designed to get people's attention ... yet it has provided a train of though that we can verify. I'm gonna write about that later today. 



Mark de LA says
seth 2006-07-02 11:21:50 3745
M 2006-07-02 10:56:25 3745
I am a selective spender.  I would not even want someone else to pay for a ticket for me for something that I don't align with & would prefer not flourish. 

Your know, M, it is totaly scary how closed your mind is on this subject ... how everything you say has been scripted by the right wing propoganda side.   Really this is scary.  I've never seen you like this.  Did something personal happen that polorized your thinking?  I mean i've seen people who's careers are destroyed by some shift in politics and then they become bitter and then can never objectively see the other side of their pet issue.  I can give an example if you want.  Really i don't remember you mind having been clotted back in the San Francisco years ... or even the Walgrove years.  Maybe it's Colorado.  Seriously, you shold say something about how you got into this mind set. 

I prefer an open mind ... i prefer to delve into the science itself instead of holding to just the surfacy polorized articles.  Gore's movie was dramatic ... it was designed to win hearts and minds.  True,  there is a level of it that must needs be scripted in rhetoric designed to get people's attention ... yet it has provided a train of though that we can verify. I'm gonna write about that later today. 


This is sad ad hominem shit from where I sit. If you actually addressed the points I make instead of thinking something is wrong with me then the heavens might open, thunder resound & you might see the light !










Get well soon !










An Open Mind sometimes ends up looking like a clogged sieve - MR July 2, 2006

Mark de LA says
seth 2006-07-02 11:29:27 3745
M 2006-07-02 11:12:38 3745
BTW, maybe Algore didn't boil the frog, but someone had to to make the case otherwise it is just another one of your famous Algore feel-good aphorisms. 
No your right ... some investagator of behavioral science probably boiled some frogs.  Might actually be informative to find that original research.  This is a case where, me thinks, the usefulness of the  knowledge gained outweighs the pain to the frogs. 
Prolly not from the frog's point-of-view.

Seth says
M 2006-07-02 11:42:45 3745
seth 2006-07-02 11:29:27 3745
M 2006-07-02 11:12:38 3745
BTW, maybe Algore didn't boil the frog, but someone had to to make the case otherwise it is just another one of your famous Algore feel-good aphorisms. 
No your right ... some investagator of behavioral science probably boiled some frogs.  Might actually be informative to find that original research.  This is a case where, me thinks, the usefulness of the  knowledge gained outweighs the pain to the frogs. 
Prolly not from the frog's point-of-view.
Certainly not

Animal rights is one, of numerous issues, where i disagree with a liberal platform.

Does that surprise you?

Seth says
M 2006-07-02 12:00:15 3745
 If you actually addressed the points I make
Actually i have addressed most of your substantive points.  Some of the deeper ones are still under study.  If there is a real point that i missed, please bring it to my attention.  Btw, the less couched in leftrightism rhetoric you presnet your points, the more i promise you will find me taking them seriously.  And don't expect me to re-play all the suffacy debates from the spins on the web ... you can use google to get enough of that. 

Mark de LA says
A new scarcity has been invented this week: credit New Scientist with this article; (using up minerals).
My solution is to eliminate the humans since humans must be the ones using it up. I recommend starting with the one who wrote this article & the publisher himself! Acutally I am not advocating their demise - just sending them on an extended expedition to mine asteroids & near planets for the materials we need.  Maybe we should also worry about our Sun running out of energy too! It's time to start rationing. Let's start with rationing stupidity.


Mark de LA says
Your points are well-pointed!  My notion is that scarcity is based on perhaps a myth. IMHO, it opens the possibility that whereas dynosaur oil may be limited (no more dynosaurs) it may be that oil is still being manufactured by processes within the earth itself.  We are already drilling many miles below the surface of the earth & at the bottom of the sea to get oil. My hope is that we discover someother mechanism for energy besides burning something. Perhaps things like this: http://hardware.slashdot.org/article.pl?sid=08/02/18/1637200 . I would prefer fuel cells to burning hydrogen directly, but burning hydrogen may be a transition phase. 

Seth says
M 2008-02-16 14:59:53 3745
Oil scarcity is partly conditioned by the notion that it is made out of dead dinosaurs.  Maybe it is not.  This article seems to suggest that Saturn's moon Titan has more liquid hydrocarbons than all the known reserves on Earth.  Titan was not known for having dead dynos !!   The methane hydrate in the gulf also suggests a different origin for hydrocarbons as well.
Well, yes, I think it is likely that there are alternate paths to the creation of hydrocarbons.  But the reason to  decrease our use of hydrocarbons is not predicated on the theory of how it was created, ... no it is predicated on the the total cost of the fuel short range and long range.  If it is buried hundreds of miles deep in the ground and takes too much investment to turn into fuel, then the market will seek out alternatives.  If it it is laying right on the surface but it takes huge amounts of energy to extract and causes massive destruction the environment, then the market will seek out alternatives.  If it can be easily brought up from an shallow oil field but the field is owned by terrorists, then the market will seek out alternatives.  Everything has it's cost. 

Seth says
Yes, artificial photosynthesis is certainly a attractive proposition, albeit a ways in the future.  Something closer on the horizon might be sucking the CO2 out of the air and makeing artificial gasoline even though that still involves burning.  I think there will be lots of different solutions competing in the marketplace ... which is good because that will create lots of jobs.  If you go too much for the ultimate solution, (a self contained cold fusion cell - just electicity out - nothing in because the energy comes from preloaded atoms), and it is too economically attractive ... then everybody buys one of those and what happens to all of those gas station attendant's jobs?  So a solution that is too good would ruin the economy more than taxing oil ever would.

Mark de LA says
Oil scarcity is partly conditioned by the notion that it is made out of dead dinosaurs.  Maybe it is not.  This article seems to suggest that Saturn's moon Titan has more liquid hydrocarbons than all the known reserves on Earth.  Titan was not known for having dead dynos !!   The methane hydrate in the gulf also suggests a different origin for hydrocarbons as well.

Mark de LA says
seth 2008-02-19 09:44:53 3745
and it is too economically attractive ... then everybody buys one of those and what happens to all of those gas station attendant's jobs?  So a solution that is too good would ruin the economy more than taxing oil ever would.
You were doing OK until you lapsed into liberalism in your last sentence.  Your argument would have the horse & buggy still around.  What happened to all those horse-whip makers? It's evolution and Darwinian survival of the fittest.  Your worry will never come to pass. Nothing happens in an instant. The new infrastructure & interfaces have to be built for whatever is discovered. Upgrade or die !


Seth says
M 2008-02-19 12:16:03 3745
You were doing OK until you lapsed into liberalism in your last sentence. 
Nope, no liberalisim involved in my thoughs whatsoever ... just predictions about the physics of the marketplace.  I am simply observing that we will be entering a period where energy choices will be more diverse ... very much like at the turn of the century when automobiles were not so standardized.  The extra diversity will be good for the economy.  As the standardized oil industry dies off there will be many people out of a job ... hopefully they will find jobs plentiful in the alternative energy economy.  Compare that to wishing for a single magic ideal energy source ... like a small cold fusion energy cell that meets all of our needs ... we wouldn't even need the grid.  I'm just saying watch what you wish for!  The ideal solution may not be the best for our prosperity.

Seth says
M 2008-02-19 13:34:04 3745
M 2008-02-19 13:28:12 3745
Taxing oil is a liberal idea!
Subsidizing or otherwise propping up inefficient or outmoded products is a liberal idea as well.  It's not a zero-sum game. Some grow & flourish & some get old & die. Same as it ever was - same as it ever was - same as it ever was !
Of course i wasn't proposing taxing oil or "propping up inefficient products" in any way whatsoever ... but by all means continue to stamp out liberal thoughts wherver you imagine them to be.

But here is one you should be able to get your teeth into.  End the depletion allowance ... it's is a subsidy of an industry that no longer needs to be subsidized at the expense of the taxpayer.  Just allow the oil industry to amortize the expense of exploration and drilling like any normal business expense. 

have at it dude !

Mark de LA says
M 2008-02-19 13:28:12 3745
Taxing oil is a liberal idea!
Subsidizing or otherwise propping up inefficient or outmoded products is a liberal idea as well.  It's not a zero-sum game. Some grow & flourish & some get old & die. Same as it ever was - same as it ever was - same as it ever was !

SIDUG says
S&A Oil Report, Matt Badiali, Stansberry & Associates

I listed all 3 names above because theyâ

Mark de LA says
Well now oil has tanked to  $72.71/bbl by a market expecting less use due to a recession just like a market is supposed to do. It will be back up some day.


wow gold says

A wonderful articleâ

louis vuitton says
It is hard to say such a thing is clear.

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