Monday, April 28, 2008

When a Market Makes Things Happen - Why Oil Prices Won't Hold

When Crude Oil Hit 60 bucks a couple years ago I made the comment that every geologist in the world would be looking in his back yard to find new oil. And they have. I said that we'd see Oil Rigs in State parks. We will.

At a hundred plus bucks a barrel they are gold rush crazy.

Course what goes up has to come down. I see every day new doom and gloom. Look here, Gasoline at 10, 20 bucks a gallon. Oil at 250 a barrel. Hogwash!

Even if we never came up with direct alternative substitutes (which tens of thousands of independent scientists are hoping to create and get on the market quickly), even if we never converted one ton of Coal to oil, Even if we never processes another grain of Oil Sand we have discovered more Oil than we can possibly burn for the next hundred years.

It's not easy Oil. There is no Peak Oil. That concept is brought to you by the same fearmongers that brought you global warming caused by humans. There IS peak EASY OIL.

The reality is in the last 24 months there has been HUGE ENORMOUS stashes of oil discoveries worldwide.

But to learn about this you have to do a little work.

Google the term
OIL FIND and Pick ANY of the Following Countries or States and you will see.

This isn't off of them, just the ones it took me 3 minutes to uncover:

Oil Finds
  • Brazil
  • Cuba
  • Dakota
  • Alaska
  • North Sea
  • Kenya
  • Sudan
  • Nigeria
  • China
  • Gulf of Mexico (non US)
  • Uganda
  • Sunni Iraq
  • Kurdistan
  • Ghana
  • Thailand
  • Cambodia
  • Vietnam
  • Norway
  • Indonesia
  • Australia
  • Belize
  • India
  • Tanzania
  • Canada
  • Angola
  • Libya

Here's the critical issue in all this. NONE OF THESE ARE BEING EXPLOITED NOW. None are yet on line. They will be, SOON.

All have yet to be developed. All have yet to be accessed. We don't have peak oil, we have peak easy oil. Some will be harder than others. But, I trust that we will figure out how to do even that.

I'm guessing looking at this list you didn't even know some of those countries were oil producers or had discovered oil in their own territories.

No comments: