Well, everyone is talking about the price of oil again, and we
are in an election year, and at a time when our government is spending
money to prop up the economy. Of course, it's hard to hold the economy
up when it's being dragged down by the price of fuel. Indeed, maybe it's
good that we are talking about the cost of energy right now, it should
always be an issue, as it is a major component of our economy, and a
major flow in our civilization. So let's talk about it shall we?
You probably heard all the theories about peak oil, and you probably noted the hard work that everyone is doing to foster alternative energies other than fossil fuels. But have you ever asked yourself how much oil is really in the world? We seem to be going after all the easy to get stuff, that crude oil which is near or at the surface, and often seeps out of the ground by itself if we don't stick a straw there to pump it out.
Still, what happens when we get all the "easy oil" and then we have to go after the hard stuff, in places where it's not so easy to get at, therefore it ends up costing us so much more money? And when might that be? Do we even know? Does anyone know? And if those people who know aren't telling us the truth, then who can we believe?
According to a report by Colin J. Campbell and Jean H. Laherrare, published in Scientific American on March 1998 entitled; "THE END OF CHEAP OIL," there was an alarming fact, as there was a; "Suspicious Jump in reserves reported by six OPEC members added 300 billion barrels of oil to official reserve tallies yet followed no major discovery of new fields."
Why you ask? Simple, because each nation in OPEC has agreed that it can produce and export for sale a percentage of its total reserves, based on the total of all OPEC country reserves each year. By cheating or lying, they can sell more, and get more money in the near term. And the article goes onto state;
"There is thus good reason to suspect that when, during the late 1980s, six of the 11 OPEC nations increased their reserve figures by colossal amounts, ranging from 42 to 197%, they did so only to boost their export quotas."
Well, maybe this is a more compelling reason that we need to be energy efficient, drill our own oil, and perhaps even put in the Keystone XL pipeline from Canada. All that makes sense right? And yes, whereas that oil from the tar sands in Canada is a messy proposition, and costs a lot more per barrel to produce, and refine them the light sweet crude near the surface in places like Saudi Arabia, we still must consider a time when we will need it, regardless of the higher cost. Indeed I hope you will please consider all this and think on it.
You probably heard all the theories about peak oil, and you probably noted the hard work that everyone is doing to foster alternative energies other than fossil fuels. But have you ever asked yourself how much oil is really in the world? We seem to be going after all the easy to get stuff, that crude oil which is near or at the surface, and often seeps out of the ground by itself if we don't stick a straw there to pump it out.
Still, what happens when we get all the "easy oil" and then we have to go after the hard stuff, in places where it's not so easy to get at, therefore it ends up costing us so much more money? And when might that be? Do we even know? Does anyone know? And if those people who know aren't telling us the truth, then who can we believe?
According to a report by Colin J. Campbell and Jean H. Laherrare, published in Scientific American on March 1998 entitled; "THE END OF CHEAP OIL," there was an alarming fact, as there was a; "Suspicious Jump in reserves reported by six OPEC members added 300 billion barrels of oil to official reserve tallies yet followed no major discovery of new fields."
Why you ask? Simple, because each nation in OPEC has agreed that it can produce and export for sale a percentage of its total reserves, based on the total of all OPEC country reserves each year. By cheating or lying, they can sell more, and get more money in the near term. And the article goes onto state;
"There is thus good reason to suspect that when, during the late 1980s, six of the 11 OPEC nations increased their reserve figures by colossal amounts, ranging from 42 to 197%, they did so only to boost their export quotas."
Well, maybe this is a more compelling reason that we need to be energy efficient, drill our own oil, and perhaps even put in the Keystone XL pipeline from Canada. All that makes sense right? And yes, whereas that oil from the tar sands in Canada is a messy proposition, and costs a lot more per barrel to produce, and refine them the light sweet crude near the surface in places like Saudi Arabia, we still must consider a time when we will need it, regardless of the higher cost. Indeed I hope you will please consider all this and think on it.
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