Oil Crisis Looms

Oil Crisis Looms

Oil Crisis Looms

World oil production
is now at its absolute maximum measured
production. Only the OPEC nations themselves regulate their
output, always with a view to sustain as long as possible, their
in-ground reserves.

In order to meet an increasing world thirst for oil, Nations
will pitch themselves as potential buyers at various levels as
opposing competitors, doing all sorts of deals and creating all
sorts of political and national alignments to benefit their
respective regimes. Whether these bodies can attain this by
democratic and corporate means is any man’s guess, but as
oil stocks become depleted and reserves diminish, manipulation,
corruption and the final solution – military force will
become more evident and overt.

Time will not allow this desperate predicament to be averted
because no serious provision has been made by western governments
to change to alternative energy sources (at least not publicly).
The intention by the power-broker consumer nations and the
wealthy multi-nationals, seems to be to totally exhaust all the
oil reserves as well as the power base of those oil producing
nations before introducing any alternative energy systems.

In an article entitled "Hubbert’s Peak: The Impending
World Oil Shortage" by Kenneth S. Deffeyes (Princeton University
Press) Kenneth S. Deffeyes states "This much is certain - no
initiative put in place starting today can have a substantial
effect on the peak production year. No Caspian Sea exploration,
no drilling in the South China Sea, no SUV replacements, no
renewable energy projects can be brought on at a sufficient rate
to avoid a bidding war for the remaining oil."

At least, let’s just hope that the war is waged with
cash instead of with nuclear warheads. Deffeyes also notes, "The
hundred-year period during which most of the world’s oil
was discovered became known as Hubbert’s peak. By utilising
Hubberts proven calculations, Deffeyes himself declares that a
peak in world oil production is less than five years away. Yet we
find the real crisis is being hidden from us and any real
recognition of it is considered pessimistic and
counter-productive. Some suggest oil will soon reach $100 dollars
a barrel.

The Huppert's Peak Production/Timeline

Hubbert, whose name is now used to describe the point of peak
oil production, was a geophysicist who in 1956 worked for a
research laboratory with Shell Oil, Houston. He suggested, from
insurmountable evidence studied and produced, that domestic U.S.
oil production would peak around mid 1970s. His predictions
proved factual as time progressed but much criticism and personal
affront was directed at him from both producers and consumers,
most of all the economic beneficiaries of oil.

By utilising Hubbert’s proven calculations Deffeyes
himself declares that a peak in world oil production is less than
five years away. Alternative energy systems are long term
solutions but there is no immediate mass substitute that has been
launched to divert this international crisis.