Presentations from the ASPO* USA Conference

Take some time after your busy day and read these presentations from respected people in oil business, science and politics - Read about the topic of peak oil:

2007 Houston World Oil Conference: http://www.aspousa.org/proceedings/houston/presentations/

*) ASPO - Association of the Study of Peak Oil

CNN talks about Peak Oil --- Again!

On March 18, 2006, CNN has hosted a show on the topic of Energy: CNN Presents - ''We Were Warned Tommorrow's Oil Crisis'' . This presentation revealed the vulnerability in regards to energy security in the US.

Now, October 30, 2007, CNN reports about the topic of peak oil and is quoting experts* who claim the world crude oil production has already peaked and any crude oil disruption will create a supply disruption and this might trigger an energy crisis - Today. Tomorrow seems to be Today now!

CNN Report: 'World at peak oil output'

(http://edition.cnn.com/2007/BUSINESS/10/24/oil.decline)


*) Experts from the Energy Watch Group in Germany. You can read the entire October 2007 report at:

http://www.energywatchgroup.org/fileadmin/global/pdf/EWG_Oilreport_10-2007.pdf

What are Petro Dollars ?

United Emirates of Arabia Oil Revenue Per Year: 5,000,000 million barrels per day * 360 days * 80 dollars oil price = 144,000,000,000 USD = 144 billion US dollars in one year.

144 billion US dollars per year, that is 400 million US dollars per day in revenue that the United Emirates of Arabia earns revenue from crude oil production. What are they doing with all that money? Discover these astonishing projects in Dubai:


Palm Jebel Ali (PJA) and Dubai Waterfront (DWF)

http://www.ssqq.com/archive/vinlin23dubai.htm

http://archive.gulfnews.com/megaprojects/index.html

News Agency Reuters Speaks the Language of Peak Oil

Before you read this article, consider that the USA imports around 1 million barrels of oil from the Mexican Cantarell Oil field per day. That is around 5% of the US oil consumption per day. Now, this oil field is in serious decline and there are no other oil fields which cover these oil production losses. Reuters now speaks a clear peak oil language for the Cantarell Oil FIeld. Oil prices exceeded $91 toady again and it is obvious that we see the effects of peak oil world wide. It is not the time of debating or questions. It is the time for answers.

Mexico's Cantarell oil output recovers in Sept
Reuters - USA
MEXICO CITY, Oct 26 (Reuters) - Crude oil output from Mexico's declining Cantarell offshore field recovered to 1.461 million barrels per day in September ...

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Will People Ever Know About Peak Oil ?

Seattle, October 17, 2007. I don't believe the public will ever learn about the peak oil phenomenon or understand the concept. The reason is that tensions in the world politics are tightening, things are getting uglier and will escalate, a war might break out between some countries, spread, and actual day-to-day problems will consume all attention the public can show. There might just not be enough time for the people to analyze how we got into this mess.

 

One day, history will be written and we might ask ourselves how this all could have happened and who is to blame for world war III. It might always remain the big mystery of their life for most of the people and different reasons for the decline of this great civil system will be found.

 

Sounds exaggerated? Read the following article on Bloomberg:

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNfIRh0cknik&refer=home

Burned Out - Ausgebrannt - A Thriller about Peak Oil

Seattle, October 17, 2007: Do you want to know how the world could look like in a couple of months, maybe years? Andreas Eschbach has written a thrilling book about a world with oil becoming scarcer and scarcer, and costlier and costlier.

When you read this book, or if you listen to the great audio tape, you will get introduced to very personal effects peak oil has on the characters in the book. Markus Westermann plays the main character in this thriller. He moves from Germany to the United States to start a new life. He works at a huge software company but he is not staying long at this software company because he meets Block who claims to know how to discover new oil fields. And there the adventure begins ...

The story is a based on extremly well researched information and tells in scary details how the world oil market, politics and geological facts work all together to leave us with this devastating situation of peak oil. This book is a must-read!


Andreas Eschbach, Ausgebrannt - Burned Out

Read a review on Energy Bulletin
Watch a video on Google Video
Read a blog on Peakoil.Blospot

Order the book at Amazon
Order the audio tape at Amazon.

Exxon Mobil and Chevron is paying for your gas at the pump

Los Angeles Oct. 17, 2007. Thank you Exxon Mobil, thank you Chevron, thank you Valero Oil Refinery for taking up the slack between the gas prices at the pump and the real price for gas. Have you ever wondered why the same gas price at the pump has not changed significantly over the last year while at the same time the price for crude oil has increased by around 40% since January this year?

All these billions of dollars, oil companies make in the business of oil production (upstream) due to high crude oil prices are now spent on subisdy funds (price subsidies) for crude oil refineries (downstream) to keep the gas priceses at the pump low - all that for you the consumer, so you would not see the real impact of peak oil.

As a consequence oil refineries and oil companies involved in the downstream business (oil refining) report a profit warning for the 3rd quarter of 2007:

Read about Exxon Mobil's Profit Warning on International Haralb Tribune.
Read about Chevron's Profit Warnings on Marketwatch.com.