The "Kola" well this guy was talking about "just drilled" was started almost 40 years ago! It was not an oil well, just a geological info project to study the earth's layers. I don't believe there have been any other wells drilled that deep, it's WAY too expensive to drill.
Excerpt:
"The deepest drilling ever done by mankind is the drilling that has taken place on the Kola Peninsula in Russia. This drilling started in 1970 and had reached a depth of 12,262 meters, in 1994. The drilling itself was done differently in the Kola Peninsula. The entire drill itself was not rotated; only the drill bit was turned by the flow of drilling mud.
It is not oil or natural resources that are being sought at the Kola Peninsula, but an understanding of the layers and nature of the Earth's crust, including seismic discontinuities, the physical and chemical compositions of the earth's crust, and improving upon the techniques of deep geophysical sound interpretation."
he's pretty much on target with the basic premises. Oil prices are highly manipulated for the benefit of Bush and his cronnies. It's just another source of revenue for the world pig banks, of which, Bush/Cheney/Paulson know exactly how to orchestrate. Don't think for a moment that they're not on top of this. All this money coming out of the pockets of Americans when we gas up at the station transfers around a few hands, but eventually ends up in the US banks, and presto, they've got it back! It's all about keeping the US fiat money game in play. Simple money equation: "out of your pocket - into their bank"
It doesn't matter that a handful of sheiks and multi-national oil companies make out like bandits...........because the last laugh is on them, too, because even their outrageous profits end up sitting in the US bank too!
Possession is control.
I'd like to see one shred of evidence you have for this. It's fun and easy to say things like this, but in the end makes us all look like the kooks the MSM paints us to be.
This guy expects us to believe that he was sitting in a room for 3 years with the most powerful people in the world... in a shithole in Alaska. Can you not see what's wrong with that picture on so many levels?
If you believe this then I've got a friend to introduce you to on DP, hint... he's a "Great Thinker". :)
--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969
and I agree. There is NFW that there is enough oil in Alaska to supply the U.S. for 200 years!
The fact that this guy is a missionary talking about geology tells me that he has zero credibility.
--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969
Wow...a very well thought out speech, and I think he really does have some inside info that is enlightening.
I think he's off base on the propping up of oil prices to ensure that our national debt gets purchased, though.
The countries of OPEC combined only own about 150 billion of our debt, as of March. That is a pretty large number, but it is only a small fraction of our total debt. If they stopped buying our debt, it wouldn't collapse our currency. OPEC nations own less than 2% of our total debt.
Not much else I can refute here...damn good speech.
Plus he relies upon politicians for his information about how much oil is Alaska! He is old enough to be wrong and not pay the consequences. If you have more than 10 years left to live, you better do more research than he obviously has done.
The problem with oil is not how much is in the ground. The problem is how much you can produce each year, relative to the population, and the demand level of that population. Once world production peaks, then it will fall at some rate. Educated estimates are this decline rate will be 3.5%. This means that production would half in 20 years after peak. Do you honestly think the world economy could stand to be cut in half in 20 years without horrible consequences? And remember that the US imports 60% of what it uses so in might only take 10 years after peak for the US to nearly totally lose these imports.
Oil exploration has been going great guns for many years, and discoveries reached a peak several decades ago. The oil companies are not sitting on their thumbs not looking for oil. And you can't produce what you don't discover. Well after well, field after field, and nation after nation have all followed the same gaussian (bell) curve of production. Most former oil exporting nations have become oil importing nations as they follow their own national production curve; the USA was a major exporter of oil until the 1970's when production began to fall and it became necessary to import, and we are up to importing 60% of what we use.
Is there oil to be discovered? Absolutely, yes. Would drilling in Alaska (where Congress currently prohibits drilling) add to production? Yes. Would this keep US oil production in total from falling? Probably not, but if it did bring up total production it would be a temporary drop in the bucket. And remember that new fields follow a gaussian curve so do not instantaneously produce at peak. It might take 20 years for these fields to be ramped up to the maximum. And don't forget that demand is on the increase and so is population.
Given that it is you who are responsible for your well being, do you really want to base your plans for the future on the conspiracy theories of this man? I prefer to look at this with as much science as possible, and the evidence seems to me to be clear.
Your post is one of the morse sensible ones I've seen on DP in a while. Based upon my 25 years in the industry I agree completely.
I've worked on three $200 million dry holes in the last two years. Nobody would spend this kind of money, even big oil companies, if oil was easy to find.
--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969
Every prediction he has made has come true. He made these early last year: Iran would denominate oil sales in euros instead of dollars (came to pass on Apr 30th), gas prices would skyrocket this year to nearly $5.00/gal., and USA would wage war with Iran.
And another thing...
The "Kola" well this guy was talking about "just drilled" was started almost 40 years ago! It was not an oil well, just a geological info project to study the earth's layers. I don't believe there have been any other wells drilled that deep, it's WAY too expensive to drill.
See:
http://hypertextbook.com/...
Excerpt:
"The deepest drilling ever done by mankind is the drilling that has taken place on the Kola Peninsula in Russia. This drilling started in 1970 and had reached a depth of 12,262 meters, in 1994. The drilling itself was done differently in the Kola Peninsula. The entire drill itself was not rotated; only the drill bit was turned by the flow of drilling mud.
It is not oil or natural resources that are being sought at the Kola Peninsula, but an understanding of the layers and nature of the Earth's crust, including seismic discontinuities, the physical and chemical compositions of the earth's crust, and improving upon the techniques of deep geophysical sound interpretation."
This guy may not be 100% right, but
he's pretty much on target with the basic premises. Oil prices are highly manipulated for the benefit of Bush and his cronnies. It's just another source of revenue for the world pig banks, of which, Bush/Cheney/Paulson know exactly how to orchestrate. Don't think for a moment that they're not on top of this. All this money coming out of the pockets of Americans when we gas up at the station transfers around a few hands, but eventually ends up in the US banks, and presto, they've got it back! It's all about keeping the US fiat money game in play. Simple money equation: "out of your pocket - into their bank"
It doesn't matter that a handful of sheiks and multi-national oil companies make out like bandits...........because the last laugh is on them, too, because even their outrageous profits end up sitting in the US bank too!
Possession is control.
As much as I hate Bush and his cronies...
I'd like to see one shred of evidence you have for this. It's fun and easy to say things like this, but in the end makes us all look like the kooks the MSM paints us to be.
And furthermore...
This guy expects us to believe that he was sitting in a room for 3 years with the most powerful people in the world... in a shithole in Alaska. Can you not see what's wrong with that picture on so many levels?
If you believe this then I've got a friend to introduce you to on DP, hint... he's a "Great Thinker". :)
--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969
WinstonSmith called "Bullshit"...
and I agree. There is NFW that there is enough oil in Alaska to supply the U.S. for 200 years!
The fact that this guy is a missionary talking about geology tells me that he has zero credibility.
--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969
A few criticisms
Wow...a very well thought out speech, and I think he really does have some inside info that is enlightening.
I think he's off base on the propping up of oil prices to ensure that our national debt gets purchased, though.
The countries of OPEC combined only own about 150 billion of our debt, as of March. That is a pretty large number, but it is only a small fraction of our total debt. If they stopped buying our debt, it wouldn't collapse our currency. OPEC nations own less than 2% of our total debt.
Not much else I can refute here...damn good speech.
Saw this several months ago
This is probably my favorite teaching. I'm bumpin' this because it is great.
morning bumb
morning bumb
On YouTube
in parts - 8 parts
um..wow
Thanks for posting this.
(I think a couple folks below didn't actually watch the video before commenting.)
yeah
little scary I know.
That dude does not understand math
Plus he relies upon politicians for his information about how much oil is Alaska! He is old enough to be wrong and not pay the consequences. If you have more than 10 years left to live, you better do more research than he obviously has done.
The problem with oil is not how much is in the ground. The problem is how much you can produce each year, relative to the population, and the demand level of that population. Once world production peaks, then it will fall at some rate. Educated estimates are this decline rate will be 3.5%. This means that production would half in 20 years after peak. Do you honestly think the world economy could stand to be cut in half in 20 years without horrible consequences? And remember that the US imports 60% of what it uses so in might only take 10 years after peak for the US to nearly totally lose these imports.
Oil exploration has been going great guns for many years, and discoveries reached a peak several decades ago. The oil companies are not sitting on their thumbs not looking for oil. And you can't produce what you don't discover. Well after well, field after field, and nation after nation have all followed the same gaussian (bell) curve of production. Most former oil exporting nations have become oil importing nations as they follow their own national production curve; the USA was a major exporter of oil until the 1970's when production began to fall and it became necessary to import, and we are up to importing 60% of what we use.
Is there oil to be discovered? Absolutely, yes. Would drilling in Alaska (where Congress currently prohibits drilling) add to production? Yes. Would this keep US oil production in total from falling? Probably not, but if it did bring up total production it would be a temporary drop in the bucket. And remember that new fields follow a gaussian curve so do not instantaneously produce at peak. It might take 20 years for these fields to be ramped up to the maximum. And don't forget that demand is on the increase and so is population.
Given that it is you who are responsible for your well being, do you really want to base your plans for the future on the conspiracy theories of this man? I prefer to look at this with as much science as possible, and the evidence seems to me to be clear.
Henry...
Your post is one of the morse sensible ones I've seen on DP in a while. Based upon my 25 years in the industry I agree completely.
I've worked on three $200 million dry holes in the last two years. Nobody would spend this kind of money, even big oil companies, if oil was easy to find.
--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969
Makes lots of sense
It seems to all fit. The last ten minutes are pretty eye opening.
Posted this last month
Every prediction he has made has come true. He made these early last year: Iran would denominate oil sales in euros instead of dollars (came to pass on Apr 30th), gas prices would skyrocket this year to nearly $5.00/gal., and USA would wage war with Iran.
Ignore him at your own peril....
Bullshit
Better tune this guy out and start working on your garden.
We have our own oil Folks
please listen to Lindsey.
We sure do
But Kissinger kissed it goodbye. Why are we putting up with Kissinger??
so, is Saudia Arabia
really paying off our national debt? This sounds very credible. what are your thoughts?