tag:blogger.com,1999:blog-1039161489041752842.post4251857054607896759..comments2024-03-16T08:04:53.086-05:00Comments on Dredd Blog: BP Is Too Busy In Iraq to Help GulfUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1039161489041752842.post-11013053014721263782010-06-12T13:28:31.689-05:002010-06-12T13:28:31.689-05:00Randy,
With 2 of the big 4 oil fields in the worl...Randy,<br /><br />With 2 of the big 4 oil fields in the world already in decline (Ghawar in Saudi Arabia and Cantarell in Mexico) I would expect <i>untold</i> amounts of behind the scenes political maneuvering over remaining supplies. The mideast supplies are especially tricky, as almost everyone agrees they've been overestimating reserves for years. Keep in mind also that the oil doesn't just begin to decline in volume; the quality begins to degrade and it gets harder to pump out of the ground, both of which increase costs.<br /><br />Long story short, the popular notion that we've got 20-30 years (or more) before the need to get off oil will become urgent is woefully misguided. The warning lights are already on and flashing brightly, and the effects of supply and price disruptions are already locked in. The only questions remaining are: what will be the economic and political ramifications, who will be hit the hardest, and indeed, will we even respond to this at all? There is simply no alternative on the horizon AT ALL for the oil we burn in vehicles and airplanes, and that alone is a complete game changer for the current world state of affairs.NowhereManhttps://www.blogger.com/profile/12745173041874539711noreply@blogger.comtag:blogger.com,1999:blog-1039161489041752842.post-64219920343037430392010-06-12T12:57:00.974-05:002010-06-12T12:57:00.974-05:00disaffected,
My comment was not too clear. Sorry....disaffected,<br /><br />My comment was not too clear. Sorry.<br /><br />The info I have is that the U.S. uses about 20 million bbl daily. Iraq at max can produce 10 million bbl.<br /><br />BP, therefore, since it looks like they are doing the Western World's portion of Iraq's oil, would only get 5 million bbl a day (China the other 5).<br /><br />It looks like they divided Iraq up between "the East" (China et. al.) and "the West" (U.S. & Britain). <br /><br />A deal to stave off war?<br /><br />Expect <i>war footing</i> in the mideast for a long time?Randyhttp://www.peakoil.net/noreply@blogger.comtag:blogger.com,1999:blog-1039161489041752842.post-74230586066677720612010-06-12T12:42:04.643-05:002010-06-12T12:42:04.643-05:00A 9-11 conspiracy would also explain Obama's b...A 9-11 conspiracy would also explain Obama's behavior since taking office. I would imagine soon after taking office he was "brought into the fold" with all that implies - unimaginably bad things for him and his entire family and/or social network should he ever reveal the secret and/or refuse to play ball. I can imagine his eyes widening at the audacity of it all.<br /><br />When projecting daily oil requirements, keep in mind that world consumption must grow every year to keep our current economic fantasy world alive, and in the case of China and the US alone, that's a lot of oil! Merely holding supply at current consumption levels will be quite a herculean task in itself, but only doing that will result in economic staganation and/or retrenchment, and with current debt loads would be catastrophic. That's the point we're currently at, and where competition for remaining supplies will begin to get intense. Even in the best case that means higher prices, periodic local shortages, and increased political friction. In the worst case, it means economic and/or shooting wars.NowhereManhttps://www.blogger.com/profile/12745173041874539711noreply@blogger.comtag:blogger.com,1999:blog-1039161489041752842.post-69230728406597051142010-06-12T09:13:15.584-05:002010-06-12T09:13:15.584-05:00If we use in the neighborhood of 20 million bbl a ...If we use in the neighborhood of 20 million bbl a day, the Iraq oil fields could produce half of that when they are in full production.<br /><br />If oil wars commence the Iraqi fields will go down in a very destructive battle, as will Saudi fields, Iranian fields, and the fields of other nations in that area.Randyhttp://artwanted.com/artist.cfm?artid=3388noreply@blogger.comtag:blogger.com,1999:blog-1039161489041752842.post-83531267173392820592010-06-12T08:41:40.151-05:002010-06-12T08:41:40.151-05:00Iraq's fields alone aren't really going to...Iraq's fields alone aren't really going to help much, but at this point we're desperately reaching for any life preserver we can find. Fair to speculate that the Iraq invasion might have represented nothing less than the Bush/Cheney acknowledgement that peak oil would soon be on us and that we had no realistic alternative energy supplies, hence we'd better position ourselves strategically for the final fall. Think Cheney's secret meeting with oil execs soon after taking office might not have discussed these issues? <br /><br />In that light, needing a pretext for the invasion, 9-11 begins to make much more sense. CIA pulls a pre-developed top secret contingency plan off the shelf, and there you go - a prepackaged imperial war campaign ready to go. Then, with Cheney whispering in his ear, Shrub sets it all in motion, with delusions of historical presidential grandeur and FINALLY earning a worthy place in the family legacy next to and maybe even one upping dear old dad. <br /><br />Jesus, the little fucker REALLY DOES believe all the shit he spouts about history eventually vindicating him! Even explains his stupid expression when he was "notified" of the attacks. He knew they were coming, but was such a shitty actor he didn't know how to play the scene. Wag the dog indeed!NowhereManhttps://www.blogger.com/profile/12745173041874539711noreply@blogger.com