Oil is not ” running out “. Production will rise, Prices will fall: Don’t worry about your petrol guzzler, it’s o.k.

Politicians are prone to pretending a crisis exists, as an excuse for interventionism, raising taxes again, price controls, subsidies to loss makers and generally to show how much they are” saving the little people from…” well, what? The bogeyman?  As I wrote, a major oil discovery, which is no new discovery, has been discovered by politicians and dah media, after the fact.

Castro was about to make himself even richer than he already is, a mega-billionaire, by drilling and selling oil form the Gulf of Mexico. In short, it had been demonstrated some time ago the Gulf held below oceans of oil. As I wrote, the Whitehouse would not stand by and let that mass murdering bastard make profit  when, Westerners can cut him right out of it. Presto, today the headlines screamed, major oil reserves discovered in the Gulf of Mexico.

Through it all, the Greens in America, Britain and Australia have been oddly silent. Why they been slient is simple.  The original paymaster of the ‘Greens’ was the KGB.

As long as it was Fidel Castro and his gang of commie murderers who were about to launch the new oil fields, that was o.k. It will come as no surprise that, now the Greens will vent their spleen against putting the field into production. After all:mass murdering communists, and Islamo nazis, good; U.S., Australian and U.K. oil companies that will be developing the fields, and evil, capitalisto marketeer consumer Westerners, bad. 

The greens will, of course, emphasise,Western investors and consumers are nasty rapists, violating that evil bitch Mudder nature. The left dominated media will remain, as it has been all along, silent on the lie that follows from:

The greens don’t mind one jot Castro getting his hands on the fields, if he can get away with it.

Well, he won’t get away with it. This will hit not only Fidel but  his brother Raul; they will weep for years on end. So will their pals, the Greens, ABC, SBS, The Age aka the Spencer Street Soviet, the Bracks Junta… and so will the  Federal Politicians in  Canberra, wringing their hands and crying, ” What shall we do?Australia.

Both the major parties, ALP, and Lib-Nats Coalition, have abused what one has considered right from the beginning was a trivial matter, the current ‘oil crisis’. Chipping in are the Dems and Pol Pot’s fan club the Greens. Why the Liberals is simple enough. The cult of Mudder Nature, the ethanol scam and, now, the latest excuse to impose more burdens, fully supported by the even worse usurious socialist idiots of the other parties, subsidising of conversion of cars to gas fuelling of engines, at $2,000 to each who accepts this act of extortion and corruption. Swindlers, liars, thieves, politicians are recidivists.

I’m not dismissing at all the burden of the run of high fuel prices but, it has to be kept in perspective: it is the market functioning; and, it is short lived. The Federal Cabinet could have lightened considerably, however, the height of fuel prices in Australia. It could have done so by eliminating the fraud of the ‘parity pricing tax’ and the at the pump road tax, imposed by Hawke and Keating, using the excuse it would be used to build roads ( it was rubbish then, and it remains so, since all taxes just go into the one consolidated revenue ).

Fuel could sell at far lower prices if it were not for venal, craven, lying socialist thugs called politicians. As it is, before today’s announcement the barrel price and retail fuel prices have been falling. The retail prices have fallen 10 cents to 12 cents the litre of petrol during the last three weeks. Today’s announcement will see the prices driven down in oil as the futures markets lad in the recalculations of reserves, to be swiftly followed by large percentage drops in in final consumption price.

Let’s be clear about this, the current “oil crisis” is, or should be, at an end. This is, unfortunately, only a speculative type assumption, because it ignores the whole pack of jackals called politicians, who, addicted to imposing Leviathan, might find the reality not to their liking. After all, they are relying on the lie that there is a crisis, for that is how they and bureaucrats get wealthy, by stealing from tax real taxpayers using fairy-tales to justify their larceny.

Today’s announcment is still a drop in the large oceans of oil not discovered, as opoosed to those which exist.  Reserves of oil the editors has to reiterate, because polticians are so dense, are only that wehich has been economically developed to date. To illustrate, I repeat, from a converstation form someone on the inside:

The truth is, the reserves in the Middle East are underestimated by a large factor.

Spot the point: The gentleman was conveying to me the reserves in the Middle East, not new discovered fields, and stated, the estimates are false, they lie by a major factor below what is emerging to be the case. Readers will now have spotted another amusing point.

The notion of ‘pique oil’, which applies only to fields in production. The Middle East fields have been asserted to be a textbook demonstration of what many assert to be theory, and not even merely an hypothesis, ‘peak oil’. Not merely a demonstration of that claim but, those fields were, supposedly, the first demonstration of it. Well, it turns out, far from ‘peaking’, those fields are still producing oil in economically low cost to extract volumes. Will they peak is a Brechtoltian question,” Waiting for Godot”: it is a good question for fools and spivs but not rational, civilised men and women; it is apt Brecht fathomed that play, for he was a nasty biit of commie work.

Two lines intersect:

Oil, on economic grounds:

Gerard Jackson has explained again and again why oil will not run out. For reasons indicated above, one suspects the reason the sound case he has put is ignonred is, it does not suit the national socialist aims of apparatchiks and politicans of both major parties and bureaucrats – they prefer voodoo, magic, supersitition, and lies to the truth. They “can’t handle the truth”, because truths shows them up to be damned liars, craven, venal, usurers, and socialist thugs.

Jackson’s latest is, ” Why the world  won’t run out of oil “. As also, here, against Katelsky.

This should also give the greenies, and they include their converts, for no motive more than venal gain, the Liberal National Socialist spivs, Federal and lesser, as Brookesnews regular, Humberto Fontavo, the gutsy enemy to the mass butcher brothers the Castros, explains.

The second argument is from physics. The Gas Resources Corporation explains why oil is produced cehmically, deep below the mantle in abundance, and is not a ‘fossil fuel’. Indeed, the G.R.C. only illminates what, when carefully considered, stands as nothing less than dum beleif in magic, oil is a product of fossils.

Bye the bye, there is an outstanding challenge to fossil generated oil boosters with a modest cash prize attached, which prize they can claim, if they can demonstrate it from science, and not from flim flam.

The G.R.C. also supplies other material, inclusve of economics, which sets out why oil prices are on a long term downward slope ( if one assumes idiot, socialist thugs called politicians don’t exist ).

Physics and economics intersect and so it should. Economic action is physics manifest. Man is physics made manifest, economics is human action.[ This does not constitute a tautology; for one  imagines readily some leftist or dumbed down type resorting to this,  by quotation, to take a stab at moi – I’ll turn the tables in anticipation and ask them to explain why it is not a tautology-  Grobscorp, Quiggin, Colebatch and et al will be confused and so will be, ufortunately, Costello, McRann, Woods, Kroger, Ted the Wimp Baillieu and et al – forget Bracks, he is a moron such that he doesn’t cut it as village idiot claibre along with so many of his Cabinet (1).]

I have a view to revealing the name of the Bracks Cabinet Minister of whom a Permanent Secretary disclosed within my hearing  has the IQ of a dolphin. Now, many believe dolphins are bright. No, they are not, a goldfish has a more intricate brain, which is like comparing  cows to slugs and slugs are faster on the uptake than cows. The Ministah does like sporting against his equals, slugs.

Readers, apologies for light  postings but, I have been researching a number of things , to be posted. A number of them need further investigation. I can’t disclose anything yet but, when ready, you will have the truth laid bare. for the cynical, no I am not alluding to the KKR, on which, in any case, I have more juice in stpre.

6 Responses to “Oil is not ” running out “. Production will rise, Prices will fall: Don’t worry about your petrol guzzler, it’s o.k.”

  1. The Editor Says:

    For once, Douglas, you’re absolutely right. We’re not running out of oil. Even the Australian Association for the Study of Peak Oil and Gas says we’re not going to run out but simply run short. You see, “Peak Oil” is not when production peaks, but when demand outstrips supply — two very different concepts. With China’s monster growth added to always-climbing demand in Europe, North America and Australia, Peak Oil will be upon us within a decade.

    And before you trumpet today’s discovery again, it’s worth noting that ongoing discoveries of its magnitude were factored into Peak Oil calculations.

    ps/- Who’s “Grobscorp”? You really should proofread your posts.

  2. Douglas Says:

    Well, thankyou for the kind word, Editor. A correction is in order, “ongoing discoveries of its magnitude were factored into Peak Oil calculations”, is wrong. Before I continue my remarks, I will look at what the AASPOG has to say. But, for the moment, the material I have read produced by peak oil boosters, “Peak Oil” is when production peaks and drops as a physical constraint.

    Demand will always equal supply because supply is demand. Free market pricing ensures that. As we have seen recently with the rise in prices in keepiing with the short run reduction of supply and futures expectations. Now, prices are falling. Thus, it is silly in any case to define ‘peak’ oil from that.

    How can discoveries be factored in, when, until a discovery, there is no such information to calculate into ‘peak oil’. besides, ‘peak oil’ is applied to a field and so summing of individual fields. Yet, that caluclation of ‘peak oil’ is seriously flawed. How can that which is yet untold by discovery be calculated into peak oil: since each discovery is the finding of right up to exporation and discovery and assay is an unknown. If, however, AASPOG claims discoveries are already calculated in then, to be blunt, they are not only committing some fallacies, it is worse than that, it is nonsense.

    Reserves, as you seem to agree are only those which have been economically developed. Not as yet undiscovered reserves which is, economically an oxymoron.

    Since ‘Peak oil’ refers only to assumptions about the economic production of oil of existing reserves, there are problems with that, as reflected in the ase of Middle East reserves which, it has emerged, are underestimated by a large factor. This is besides, physics, as the Russian – Ukraine hypothesis, and it is better than an hypothesis, it is firming up as theory, then something more interesting is involved which the notion of fossil fuel cannot account for: the feeding of reserves of oil produced deep down below the earth’s mantle.

    There are other problems with peak oil.

    What is emerging, because of recent exploration and discoveries is: how much economcally useful oil there is is greater by a staggeringly larrge factor. Bracks has, in the name of that evil bitch, Mudder Nature, amde exploration and development off the Gippsland coast a crime. Before then, on the information I had, exploration suggested there might be oceans of oil there. Niether does that region, existing reserves, exhaust the possibilities of new major finds just around offshore and coastal Oz.

    Now, the significance of the Gulf of M. find, taken with, the frozen wasteland of Alaska is awash with oil, is: oil from the middle east need not be a crucial supply source. The sheer amount of oil in the Gulf, and, for that matter, off California, alone breaks that. The U.S. and Oz alone have, if it were not for politicians something approaching an absolute advantage in oil.

    If it were not for Putin and his fellow thugs, companies such as Yukos, were set to multiply production in Russian oil fields through new capital. Tere are oceans of oil there too.

  3. The Editor Says:

    How can discoveries be factored in, when, until a discovery, there is no such information to calculate into ‘peak oil’.
    Forecasts based on historical trends.

    Demand will always equal supply because supply is demand.
    Looks nice in an economics textbook, but try telling that to the frustrated citizen who wants 100L of petrol but can only afford 40L.

    I’m not sure I picked up a point in the rest of your response. That is, of course, except for your standard cut-and-paste furore about the “Bracks Junta”.

  4. Douglas Says:

    Cut and paste?
    I was following the exploration off the G.Coast , and my jaw hit the deck when bracks locked up the offshore land to pacify that evil goddess of death, mudder nature.

    I have to get the old archives up Editor, just for your benefit .

    Cut and paste, bah.

    When I do use others’, I make that plain and where, as the item above on Co2 shows quite plainly.

  5. Douglas Says:

    Oh, and I will add, the reports until bracks made exploration and development a crime were all good. Some major announcements were made which saw the share price of a company involved driven up because of it. Then, along came Pol Pot’s bed pal, Steve Bracks. It would do Victorians a favour to stuff him into a drill and send him down in a deep test drill hole.

  6. GrodsCorp » GrodsNibbles Says:

    […] ?) Feds accept Peak Oil In a blow to those who deny the theory of Peak Oil, a Senate committee looking into the future of oil and its impact on Australia has announced in its interim report that it accepts Peak Oil as highly likely within about 20 years and that we should get off our arses and do something about it. Of course, this is a blow to “charlatans” like Mangled Douglas who quotes from the world’s dodgiest looking website to prove that oil isn’t a fossil fuel after all, and that Steve Bracks and The Age (et al.) are responsible for a worldwide ruse: The Gas Resources Corporation explains why oil is produced cehmically, deep below the mantle in abundance, and is not a ‘fossil fuel’. Indeed, the G.R.C. only illminates what, when carefully considered, stands as nothing less than dum beleif in magic, oil is a product of fossils. […]

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