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Saturday, October 21, 2017

About Next Year

Petro-Americans,

I've been vegetable gardening all day, first at the garden I've put in at People's Community Clinic, Then here at home. I have a lot of stories saved up, but my friend Jada sent this, and I really think it stands on it's own as one huge dollop of reality. I've seen a lot of these stories, and sent some out over the years. You may get the message by just scanning the headings with the links. Word is that the big oil shock is coming between 2018 and 2020. The majors have quite exploring.


New Oil discoveries by scientists have been declining since 1965 and last year was the lowest in history –IEAhttp://imgur.com/a/W60yn

We have been draining our oil reserves by consuming more oil than we discover since the 1980’s – ASPOhttp://imgur.com/a/uJ0Rg

Aging giant oil fields produce more than half of global oil supply and are declining (Hook, 2009)http://www.sciencedirect.com/science/article/pii/S0301421509001281

Saudi Arabian oil reserves are overstated by 40% – Wikileakshttps://www.theguardian.com/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks

BP 1.7 Trillion barrels proven oil reserves NOT so provenhttp://crudeoilpeak.info/oil-reserves-and-resources-as-function-of-oil-price

IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lowshttps://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000

Saudi Arabia’s Energy Minister Warns of World Oil Shortages Aheadhttps://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790

UAE warns of world oil shortages ahead by 2020 due to industry spending cutshttp://www.arabianindustry.com/oil-gas/news/2016/nov/6/more-spending-cuts-as-uae-predicts-oil-shortages-5531344/


Halliburton CEO says oil will spike due to oil shortages by 2020 after Industry Cutshttps://www.bloomberg.com/news/articles/2017-07-12/halliburton-sees-2020-oil-spike-after-industry-cuts-2-trillion

Total CEO warns we are going to have oil shortages around 2020 due to lack of investment & new discoverieshttp://www.boursorama.com/actualites/je-suis-convaincu-qu-on-va-manquer-de-petrole-selon-le-pdg-de-total-patrick-pouyanne-9b2d911a65572f5f989a74319b68d296

Chevron CEO warns US shale oil alone cannot meet the world’s growing demand for crudehttps://www.cnbc.com/2017/05/01/us-shale-cannot-meet-the-worlds-growing-oil-demand-chevron-ceo-warns.html

HSBC Global Bank warns 80% of the worlds conventional fields are declining and world oil shortages aheadhttps://www.research.hsbc.com/R/24/vzchQwb



Wood Mackenzie warns of oil supply crunch and world oil shortages around 2020http://oilprice.com/Energy/Crude-Oil/The-Next-Oil-Price-Spike-May-Cripple-The-Industry.html

Energy watchdog warns oil and electricity shortages could develop as investment fallshttps://www.cnbc.com/2017/07/10/watchdog-warns-of-oil-and-electricity-shortages-as-investment-falls.html


Why investors’ should brace for a devastating oil shortage ahead around 2020http://www.marketwatch.com/story/why-investors-should-brace-for-a-devastating-oil-shock-ahead-2017-07-03

People are almost completely ignoring a looming crisis for oilhttp://www.businessinsider.com/the-future-of-oil-supply-and-demand-2016-9

IEA Says Price Spike Coming In 2020 due to oil shortage caused by oil depletionhttp://oilprice.com/Energy/Energy-General/IEA-Price-Spike-Coming-in-2020.html


World Oil Shortages To Lead To Oil Price Spike By 2020s, warns VP Goldman Sachshttp://oilprice.com/Latest-Energy-News/World-News/Supply-Crunch-To-Lead-To-Oil-Price-Spike-By-2020s-Expert-Says.html

China Government Study: Says its Oil Production About to Peak in 2018 & Coal in 2020 (Wang, 2017)https://link.springer.com/article/10.1007/s12182-017-0187-9


Saudi Arabia may be out of oil to export by 2030 – Citibankhttp://www.aljazeera.com/blogs/middleeast/2012/09/35876.html



Edinburgh Study: Only 10 years of UK’S North Sea Oil and Gas Remaining (Thompson, 2017)https://www.ed.ac.uk/news/2017/uk-oil-and-gas-reserves-may-last-only-a-decade


The Mighty U.S. Shale Oil Industry to Lose Another $20 Billion In 2017https://srsroccoreport.com/the-mighty-u-s-shale-oil-industry-to-lose-another-20-billion-in-2017/

MIT Technology Review: Shale Oil Will Boost U.S. Production, But It Won’t Bring Energy Independencehttps://www.technologyreview.com/s/507446/shale-oil-will-boost-us-production-but-it-wont-bring-energy-independence/

Long-term estimates of the (EROI) of coal, oil, and gas global productions (Court, & Fizanie, 2017)https://victorcourt.files.wordpress.com/2016/08/court-fizaine-2017_long-term-estimates-of-fossil-fuels-erois1.pdf

EROI of different fuels and the implications for society, Energy, EROI and quality of life. (Lambert, & Hall, 2014)http://www.sciencedirect.com/science/article/pii/S0301421513006447

Cornell University: Energy Studies in the College of Engineering. The Challenges of Peak Oilhttp://www.geo.cornell.edu/eas/energy/the_challenges/peak_oil.html

The End of Peak Oil? Why this topic is still relevant despite recent denials (Chapman, 2014)http://www.sciencedirect.com/science/article/pii/S030142151300342X

The Global Oil & Gas Industry Is Cannibalizing Itself To Stay Alivehttps://srsroccoreport.com/warning-the-global-oil-gas-industry-is-cannibalizing-itself-to-stay-alive/

WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Profits Vaporize While Debts Skyrockethttps://srsroccoreport.com/worlds-largest-oil-companies-deep-trouble-as-profits-vaporize-while-debts-skyrocket/#comment-50898

USA DOE Study: PEAKING OF WORLD OIL PRODUCTION (Hirsch, 2005)https://www.netl.doe.gov/publications/others/pdf/Oil_Peaking_NETL.pdf

USA GAO Study: Uncertainty about Future Oil Supply. Addressing a Peak and Decline in Oil Productionhttp://www.gao.gov/new.items/d07283.pdf


German Government (leaked) Peak Oil study concludes: oil is used directly or indirectly in the production of 90% of all manufactured products, so a shortage of oil would collapse the world economy & world governmentshttps://www.permaculture.org.au/files/Peak%20Oil_Study%20EN.pdf

UC Davis Study: It Will Take 131 Years to Replace Oil with Alternatives (Malyshkina, 2010)http://pubs.acs.org/doi/abs/10.1021/es100730q

University of Chicago Study: predicts world economy unlikely to stop relying on fossil fuels (Covert, 2016)https://www.aeaweb.org/articles?id=10.1257/jep.30.1.117

‘WORSE THAN 2007’: Top banker warns of looming wave of worldwide bankruptcieshttp://www.businessinsider.com/worse-than-2007-top-banker-warns-of-looming-wave-of-worldwide-bankruptcies-2016-1


Perching Tree: Return of the Global Depression 2.0https://www.perchingtree.com/return-of-great-depression/

Perfect Storm: Energy, Finance and the End of Growth -Dr Tim Morgan Global Head of Researchhttps://www.tullettprebon.com/Documents/strategyinsights/TPSI_009_Perfect_Storm_009.pdf

Causes and Consequences of the Oil Shock of 2007-08 (Hamilton, 2009)https://www.brookings.edu/bpea-articles/causes-and-consequences-of-the-oil-shock-of-2007-08/

World Scientists “Warning to Humanity” signed by 1,700 scientists including the majority of all Nobel Prize Winnershttp://www.ucsusa.org/about/1992-world-scientists.html#.WeKJx49Sziw

NASA Study: Industrial Civilization is headed for Irreversible Collapse (Motesharrei, 2012)http://jayhanson.us/_Biology/OvershootCollapse.pdf

UK Royal Society Study: Now, for the First Time, a Global Collapse Appears Likely (Ehrlich, 2013)http://rspb.royalsocietypublishing.org/content/280/1754/20122845

Study: Limits to Growth was Right. Research shows we’re nearing Global Collapse (Turner, 2014)http://sustainable.unimelb.edu.au/sites/default/files/docs/MSSI-ResearchPaper-4_Turner_2014.pdf

Study: Financial System Supply-Chain Cross-Contagion: in Global Systemic Collapse (Korowicz, 2012)http://www.feasta.org/2012/06/17/trade-off-financial-system-supply-chain-cross-contagion-a-study-in-global-systemic-collapse/


The End of the Human Race will be that it will Eventually Die of Civilization –Ralph W Emerson

Fellow-Addict

2 comments:

  1. Oil is one of the most sought after commodities in the world and is the cause behind so many internation disputes and environmental issues. I hope we can discover a better substitute.

    ReplyDelete
    Replies
    1. Using less is the only substitute that works so far.

      Delete