Across the different periods it was analyzed, they were discussing the point of maximum production rate, and working with fossil fuel exploration and extraction data. Peak Oil was coined to fabricate scarcity to the advantage of very few because the data out of the USSR was made known, but suppressed by oil corp concerns. If they factor in abiotic reserves, then we're looking at possibly 500 years down the road, or whatever.

Your second point I addressed in a previous post today. Over all, this type of exploration and extraction seems to be far better for the environment because of high success rate in drilling hits and the far greater amount of oil that can be extracted per well (which can be, as Darryl is suggesting, but not exactly certain, split into various caps for better control of flow.)

I doubt the Russians would have become so heavily involved if it were much more costly, nor would Exxon have wanted controlling interests of Yukos.

Aside from the above, the lie is way bigger than most were aware. Its public unveiling will hopefully weaken not only peak oil posturing, scarcity wars and politics, but should loosen up future energy investment funds for cleaner, sustainable projects.

Natalia

On 9/28/2011 9:01 PM, Sandwichman wrote:
My understanding of "peak oil," though is that it is not based specifically on a biotic or abiotic theory of hydrocarbons but on the empirical data of petroleum exploration, discovery and exploitation. It's not even about how much petroleum there ultimately is in the world, only about how much is likely to be found and developed.

As I understand it, peak oil is concerned mainly with conventional petroleum sources. There is another argument, called "peak energy" which also looks at the energy return on energy invested. If it takes 101 BTUs of energy to find, extract, refine and deliver 100 BTUS of abiotic oil it doesn't really matter how much of the stuff there is


On Wed, Sep 28, 2011 at 8:35 PM, Ray Harrell <[email protected] <mailto:[email protected]>> wrote:

    Yes Gold was prophetic about this.   I was surprised about the work in
    Russia.  I only knew what Gold said at the time.  He found oil but
    there was
    no monetary reason not to continue what we had at the time.  There
    is a
    tremendous investment in the infrastructure for the fossil fuel
    machine.

    It's happened before.  Dupont got all hemp banned as Marijuana
    when they
    were bringing out their oil based cloth.    The hemp based cloth being
    developed at the time was competitive with Rayon but government
    stopped it
    by equating all hemp with pot.   Today, in the white world there
    is a small
    hemp industry that is allowed but if an Indian grows non-marijuana
    hemp on a
    reservation the FBI will still burn the fields.

    This material from the old Soviet Union is new to me.   I had
    heard from
    soldiers in Vietnam about the field at Haiphong and they claimed
    that was
    the real reason for the war at all.   I was not aware that the
    field was
    abiotic.  That was totally new to me.

    But I'm not surprised.   I always thought that Gold was probably
    right.   It
    just made sense considering the problems of burying all of that
    plant and
    animal matter given the amount of time.

    REH

    -----Original Message-----
    From: [email protected]
    <mailto:[email protected]>
    [mailto:[email protected]
    <mailto:[email protected]>] On Behalf Of Mike
    Spencer
    Sent: Wednesday, September 28, 2011 9:58 PM
    To: [email protected]
    <mailto:[email protected]>
    Subject: [Futurework] Re: biotic vs. abiotic oil theories


    Natalia wrote:

    > Confessions of an "ex" Peak Oil Believer
    > [snip]

    You must have missed the controversy surrounding Thomas Gold in
    the last couple of decade before his death in 2004.

    http://en.wikipedia.org/wiki/Thomas_Gold


    - Mike
    --
    Michael Spencer                  Nova Scotia, Canada       .~.
                                                              /V\
[email protected] <mailto:[email protected]> /( )\
    http://home.tallships.ca/mspencer/                        ^^-^^
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