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"One barrel of U.S. oil produced is
one less purchased from OPEC!"
The Oil Secret Nobody Wants You To
Know
"There are few viable options
available to us in the short term to forestall
inevitable economic pain for millions of Americans...The
United States is on a trajectory towards an energy
future which threatens America's livelihood and quality
of life..."
--Congressmen Tauzin and Pombo Sept.
2003 Report on Energy Crisis to the Congressional
Committee on Energy
With these stark words before Congress this
year, two Congressmen sent shock waves across the country.
We have a problem, and it might just be the most
important problem of our modern era. This planet is rapidly
running out of oil and gas… and there is very little we can do
about it.
In 1956, a scientist working for Shell Oil named
Dr. King Hubbert made a radical prediction. With verifiable
numbers and detailed precision he discovered that oil output in
the US would "peak" in the "early 1970’s"
and then go into precipitous decline. Guess what happened now
according to provable history? US production peaked out at 11.3
million barrels of oil per day during the year 1970 exactly as
he predicted. Ever since, our US production has dropped like a
rock.
We then discovered the same holds true about
entire oil regions. Later we have learned the same holds true
for oil continents. From the mountain of evidence we have now
obtained, the extrapolations we now can conclude are simple and
yet chilling: Once the planet reaches "peak oil," our
globe’s energy productive ability will rapidly decline on an
unprecedented level shocking and frightening even the most
callous observers.
So-called experts caution against panic and tell
you that we have many new forms of energy creating devices
available to us like wind, solar and fuel cells. They are
dreaming. There is not one viable source of energy that can
compare to oil because it fuels
arguably the most important invention of our
modern times--the combustible engine. Created and perfected just
a century ago, our world has become dependent on the combustible
engine because of the myriad of different inventions that is
fueled by oil and that we now take for granted. Also, crude oil
is used to create plastics, fertilizers, lubricants and a host
of interdependent transportation machines.
What we are talking about is an energy crisis
that will make our experience with long gas lines in the 1970’s
feel just like a bad dream. This could feel like a terrible
nightmare. And our future with natural gas offers no relief.
"Today’s tight natural gas markets
have been a long time in coming, and distant futures
prices suggest that we are not apt to return to earlier
periods of relative abundance and low prices anytime
soon."
--Alan Greenspan Federal Reserve Chairman
Consider these facts:
· Every day, it seems we are told of higher
and higher average prices at the pump. In fact this summer,
when Americans begin to travel, we are told that our price
for gas is "unknown".
· Bob Czeschin, leading authority on
"Peak Oil" states that within two to seven years
this planet will hit peak oil production and this one event
will have the "greatest
impact on the world economy of any event ever!"
· Three of the top four oil producing
countries have already hit their production peak:
United States Peak 1970
Iran Peak 1974
Russia Peak 1987
Saudi Arabia Peak 2004?
· The introduction of China on the
world stage as a net energy importer from a net energy
exporter cannot be calculated.
· Currently, Chinese citizens use one
barrel of oil per person per year.
· Taiwan uses 12.5 barrels of oil per
person per year.
· An average US citizen uses 25 barrels
of oil per person per year.
· If China just reaches Taiwan’s
level then China alone will use five times the daily
production of Saudi Arabia’s total crude output!
· According to Jeffrey Rubin of London’s
" Globe
and Mail,"
there has never been a time in history that we have had
so little oil inventories. We currently have less than
2.7 million barrels of inventory worldwide--way under
the national average.
· The Saudi Arabian Ghawar field, home
to one-eighth of the world’s known oil supply, may be
80 to 90 percent depleted. Moreover Matt Simmons of
Simmons Associates states that this Saudi field has
began to collapse despite massive injections of salt
water to maintain the remaining well pressure.
· No wonder the Saudi Government and
OPEC have begun to cut back on their production. They
see the depletion of their famous reserves!
· Master Geophysicist Kenneth Defferyes
told New
Scientist Magazine recently
that he was "99% confident" that the date of
maximum global production peak will be sometime in 2004.
· Oil is not only used to fuel engines,
but also consumed heavily in the manufacturing of
inorganic fertilizers and field machinery, irrigation,
crop drying and pesticide production. All of these areas
mean that the global change in "peak oil" will
result in a dramatic increase in the cost of feeding our
world population!
Where do I stop? How much information can you
handle? What do we do now?
What is relevant is that you begin to become
very aware of the dramatic changes that face our world as our
oil supplies shrink and our oil prices skyrocket.
The only thing you have to really fear is
ignorance. Seek more and more knowledge and you too will become
convinced that the next 10-20 years will find us facing some of
our greatest challenges. Within those challenges lie
opportunities for some.
"In the middle of every difficulty
lies opportunity."
-- Albert Einstein
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