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	<title>Comments on: Deep-Water Oil Won&#8217;t Cure Peak Oil</title>
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		<title>By: Murray Grieve</title>
		<link>http://whiskeyandgunpowder.com/deep-water-oil-wont-cure-peak-oil/comment-page-1/#comment-7463</link>
		<dc:creator>Murray Grieve</dc:creator>
		<pubDate>Mon, 31 May 2010 16:38:26 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5629#comment-7463</guid>
		<description>Stop the OIL

     Has anybody thought of an apparatus like a collapsed inverted umbrella , with a remote ( electrical or
      mechanical)  trigger to arms that would spread out against the wall with spurs to bite into the wall.</description>
		<content:encoded><![CDATA[<p>Stop the OIL</p>
<p>     Has anybody thought of an apparatus like a collapsed inverted umbrella , with a remote ( electrical or<br />
      mechanical)  trigger to arms that would spread out against the wall with spurs to bite into the wall.</p>
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		<title>By: Murray Grieve</title>
		<link>http://whiskeyandgunpowder.com/deep-water-oil-wont-cure-peak-oil/comment-page-1/#comment-7462</link>
		<dc:creator>Murray Grieve</dc:creator>
		<pubDate>Mon, 31 May 2010 16:34:34 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5629#comment-7462</guid>
		<description>Has anybody thought of an apparatus like a collapsed inverted umbrella , with a remote ( electrical or
      mechanical)  trigger to arms that would spread out against the wall with spurs to bite into the wall.</description>
		<content:encoded><![CDATA[<p>Has anybody thought of an apparatus like a collapsed inverted umbrella , with a remote ( electrical or<br />
      mechanical)  trigger to arms that would spread out against the wall with spurs to bite into the wall.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Stu</title>
		<link>http://whiskeyandgunpowder.com/deep-water-oil-wont-cure-peak-oil/comment-page-1/#comment-3976</link>
		<dc:creator>Stu</dc:creator>
		<pubDate>Mon, 02 Nov 2009 03:06:00 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5629#comment-3976</guid>
		<description>And while your as far out in the country growing corn, and keeping a watchful eye on your chickens......remember that the foxes that will come for your chickens will have two legs.....and probably many friends......and weapons.

Your right, it&#039;s not worth trying to tell them.....they live in the present......one day at a time......pursuing instant gratification.   Me on the other hand.......deny myself every single luxury that I can bear to do without, and save my h money.......to buy my land far out in the country......my solar panels.....my bore.....my tanks........and a zillion other things for sustainable living.......of course.......when the masses realize they have wasted their money on rubbish like cars with non more petrol.......flat screens with no power or tv stations......etc etc......they will come for you.......to steal what you have......believing that they have a god given right to your food supplies.   You won&#039;t be able to talk to them then any more then you can get them to listen now.......you will have no choice but to blow them away as they turn .   That includes the authorities........who will steal what is yours under mandate of martial law.    The rule you will need to adopt in the short term until the masses have killed each other off, starved, and died of disease.........is that nobody.......and that means nobody......man women, or child.......gets to walk onto your property and take anything and leave alive.....in fact......anybody outside your group who even discoveres that you have supplies.........power.......fuel.......etc........has to be killed........if you don&#039;t........they will gather others and come for your stuff</description>
		<content:encoded><![CDATA[<p>And while your as far out in the country growing corn, and keeping a watchful eye on your chickens&#8230;&#8230;remember that the foxes that will come for your chickens will have two legs&#8230;..and probably many friends&#8230;&#8230;and weapons.</p>
<p>Your right, it&#8217;s not worth trying to tell them&#8230;..they live in the present&#8230;&#8230;one day at a time&#8230;&#8230;pursuing instant gratification.   Me on the other hand&#8230;&#8230;.deny myself every single luxury that I can bear to do without, and save my h money&#8230;&#8230;.to buy my land far out in the country&#8230;&#8230;my solar panels&#8230;..my bore&#8230;..my tanks&#8230;&#8230;..and a zillion other things for sustainable living&#8230;&#8230;.of course&#8230;&#8230;.when the masses realize they have wasted their money on rubbish like cars with non more petrol&#8230;&#8230;.flat screens with no power or tv stations&#8230;&#8230;etc etc&#8230;&#8230;they will come for you&#8230;&#8230;.to steal what you have&#8230;&#8230;believing that they have a god given right to your food supplies.   You won&#8217;t be able to talk to them then any more then you can get them to listen now&#8230;&#8230;.you will have no choice but to blow them away as they turn .   That includes the authorities&#8230;&#8230;..who will steal what is yours under mandate of martial law.    The rule you will need to adopt in the short term until the masses have killed each other off, starved, and died of disease&#8230;&#8230;&#8230;is that nobody&#8230;&#8230;.and that means nobody&#8230;&#8230;man women, or child&#8230;&#8230;.gets to walk onto your property and take anything and leave alive&#8230;..in fact&#8230;&#8230;anybody outside your group who even discoveres that you have supplies&#8230;&#8230;&#8230;power&#8230;&#8230;.fuel&#8230;&#8230;.etc&#8230;&#8230;..has to be killed&#8230;&#8230;..if you don&#8217;t&#8230;&#8230;..they will gather others and come for your stuff</p>
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		<title>By: Linda Brady Traynham</title>
		<link>http://whiskeyandgunpowder.com/deep-water-oil-wont-cure-peak-oil/comment-page-1/#comment-3938</link>
		<dc:creator>Linda Brady Traynham</dc:creator>
		<pubDate>Wed, 28 Oct 2009 18:47:45 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5629#comment-3938</guid>
		<description>I haven&#039;t kicked a hornet&#039;s nest recently, so what if the best alternative to the &quot;need&quot; for ever-increasing supplies of oil is to become less dependent upon it as individuals?  The only person whose behavior and thought processes I can control is typing this.  I cannot influence how other people choose to live their lives, other than by suggesting more effective lifestyles and philosophies.  Never mind trying to save the planet (which doesn&#039;t need it) or the current American way of life (which definitely does), what can you do to save yourself?  If you just can&#039;t live without a &quot;moral&quot; justification for your behavior, some few are going to have to pick up the pieces after the current insanity runs its course.  Providing for myself and those I love is quite moral enough for me.  Gurgle of laughter; the one thought I have in common with the Statists is that I think I know better than most people what we should be doing.  The difference is that I&#039;m quite willing to let others make their own mistakes.  How many times must they be told that the current wasteful, &quot;entitlement,&quot; Nanny State tactics will lead to widespread hunger and the collapse of the current system before more say, &quot;Hmmm.  I&#039;m going to have to change my life whether I want to or not, so it behooves me to make changes to my benefit on my own before some iron-fisted government changes my life in ways I will dislike far more.&quot;  When the ship of state sinks it isn&#039;t going to be &quot;women and children first&quot; this time..  It is going to be dog eat dog, riots, gangs, pillage, plunder, confiscation, rape, murder, and the usual unpleasant things which occur during chaos.   I&#039;m laissez faire all the way, so it is fine with me if others are content to believe in &quot;hope and change&quot; and trust Uncle Sugar to take care of them.  A few of us will be as far out in the country as we can manage, growing corn, carrots, and cauliflower, keeping a watchful eye on our chickens.

Ooooh, I am SO mean!   LBT</description>
		<content:encoded><![CDATA[<p>I haven&#8217;t kicked a hornet&#8217;s nest recently, so what if the best alternative to the &#8220;need&#8221; for ever-increasing supplies of oil is to become less dependent upon it as individuals?  The only person whose behavior and thought processes I can control is typing this.  I cannot influence how other people choose to live their lives, other than by suggesting more effective lifestyles and philosophies.  Never mind trying to save the planet (which doesn&#8217;t need it) or the current American way of life (which definitely does), what can you do to save yourself?  If you just can&#8217;t live without a &#8220;moral&#8221; justification for your behavior, some few are going to have to pick up the pieces after the current insanity runs its course.  Providing for myself and those I love is quite moral enough for me.  Gurgle of laughter; the one thought I have in common with the Statists is that I think I know better than most people what we should be doing.  The difference is that I&#8217;m quite willing to let others make their own mistakes.  How many times must they be told that the current wasteful, &#8220;entitlement,&#8221; Nanny State tactics will lead to widespread hunger and the collapse of the current system before more say, &#8220;Hmmm.  I&#8217;m going to have to change my life whether I want to or not, so it behooves me to make changes to my benefit on my own before some iron-fisted government changes my life in ways I will dislike far more.&#8221;  When the ship of state sinks it isn&#8217;t going to be &#8220;women and children first&#8221; this time..  It is going to be dog eat dog, riots, gangs, pillage, plunder, confiscation, rape, murder, and the usual unpleasant things which occur during chaos.   I&#8217;m laissez faire all the way, so it is fine with me if others are content to believe in &#8220;hope and change&#8221; and trust Uncle Sugar to take care of them.  A few of us will be as far out in the country as we can manage, growing corn, carrots, and cauliflower, keeping a watchful eye on our chickens.</p>
<p>Ooooh, I am SO mean!   LBT</p>
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		<title>By: fling</title>
		<link>http://whiskeyandgunpowder.com/deep-water-oil-wont-cure-peak-oil/comment-page-1/#comment-3937</link>
		<dc:creator>fling</dc:creator>
		<pubDate>Wed, 28 Oct 2009 12:34:19 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5629#comment-3937</guid>
		<description>We can&#039;t turn back time we need to adapt. Take a look at this article The Great Transition: http://www.scribd.com/doc/21656220/The-Great-Transition-Navigating-Social-Economic-Ecological-Change-in-Turbulent-Times</description>
		<content:encoded><![CDATA[<p>We can&#8217;t turn back time we need to adapt. Take a look at this article The Great Transition: <a href="http://www.scribd.com/doc/21656220/The-Great-Transition-Navigating-Social-Economic-Ecological-Change-in-Turbulent-Times" rel="nofollow">http://www.scribd.com/doc/2165.....lent-Times</a></p>
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	<item>
		<title>By: perceptions_now</title>
		<link>http://whiskeyandgunpowder.com/deep-water-oil-wont-cure-peak-oil/comment-page-1/#comment-3936</link>
		<dc:creator>perceptions_now</dc:creator>
		<pubDate>Wed, 28 Oct 2009 10:10:47 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5629#comment-3936</guid>
		<description>Regrettably, I am of the opinion that Oil Production has already effectively Peaked in 2005, in that it has subsequently failed to keep up with inflation, Demand or Population growth.

There are no new sources of Oil, which will now prove sufficient in size to overcome the depletion of the existing, but decaying old super fields. 

If we were just treading water, with no growth, we would need 1 new Saudi Arabia every 3 years, just to stay where we are!

If Production were to keep up with inflation, Demand &amp; Population growth, then another 2 Saudi Arabia&#039;s would need to be found &amp; put into production every 3 years.

Unconventional sources such as Canadian Tar Sands &amp; Shale and the newer deep water fields are simply not significant enough to offset the depletion rates at the old super fields, such as Ghawar &amp; Burgan.

I suspect the current Production plateau may continue, for a short period, but production will fall behind Demand. However, as Demand outstrips Supply and Prices rise, those very Price rises will trigger the Global Oil Cost/GDP Ratio to run ahead too much, thus triggering another Economic &amp; Share Market pullback.

The old rules are changing, the return on Money &amp; Energy are being irreversibly delevered. The EROEI (Energy Return On Energy Invested) was 100/1 in the early days of Oil, it is now less than 10/1 and falling. New Oil is going to be much more costly to find &amp; Produce and the Investment return is not going to be anywhere near what it used to be. 

When the general perception finally accept that Oil has Peaked, then the rush away from Oil will begin, into the search for something else, which may not be there. This process will also severely dilute the capital needed for Oil Exploration and the EROEI will be further eroded! 

In fact, even though Demand and Price has been rising, the investment in new Exploration has already been falling!

In the interim, Oil producing countries, particularly OPEC, refuse to verify or even discuss their actual level of their reserves. 

If that happened, then the conjecture &amp; uncertainty would come to an end. 

There are a few likely scenario&#039;s - 
1) The levels of reserves are substantially UNDERSTATED, THE IS MUCH MORE OIL THAN COMMONLY THOUGHT. 
Whilst this is a very unlikely outcome, in this instance the result would be the usual where Supply exceeds Demand, the Price of Oil would fall! 
An outcome not favoured by major self interest groups! 

2) The levels of reserves are substantially OVERSTATED, THE IS MUCH LESS OIL THAN COMMONLY THOUGHT. 
This would be the likely outcome and in this instance that would spark a MASSIVE &amp; URGENT MOVE AWAY FROM OIL, towards other possible Energy sources, particularly for the transport sector. 
That would result in a massive fall in Demand for Oil, in the near term and as usual where Supply exceeds Demand, the Price of Oil would fall! 
An outcome not favoured by major self interest groups! 

3) The levels of reserves REMAINS UNKNOWN, UNVERIFIED &amp; SUBJECT TO CONSTANT CONCERN. 
This is the current Status Quo outcome and the result is as usual where Demand appears to exceed Supply, there is constant pressure on the Price of Oil to rise! 
THE PREFERRED OUTCOME for major self interest groups!

There are no guarantees in life, but the likely outcomes suggest that in 5-10 years, the Global Economic outlook, will be significantly different to today and I am not talking of upside!</description>
		<content:encoded><![CDATA[<p>Regrettably, I am of the opinion that Oil Production has already effectively Peaked in 2005, in that it has subsequently failed to keep up with inflation, Demand or Population growth.</p>
<p>There are no new sources of Oil, which will now prove sufficient in size to overcome the depletion of the existing, but decaying old super fields. </p>
<p>If we were just treading water, with no growth, we would need 1 new Saudi Arabia every 3 years, just to stay where we are!</p>
<p>If Production were to keep up with inflation, Demand &amp; Population growth, then another 2 Saudi Arabia&#8217;s would need to be found &amp; put into production every 3 years.</p>
<p>Unconventional sources such as Canadian Tar Sands &amp; Shale and the newer deep water fields are simply not significant enough to offset the depletion rates at the old super fields, such as Ghawar &amp; Burgan.</p>
<p>I suspect the current Production plateau may continue, for a short period, but production will fall behind Demand. However, as Demand outstrips Supply and Prices rise, those very Price rises will trigger the Global Oil Cost/GDP Ratio to run ahead too much, thus triggering another Economic &amp; Share Market pullback.</p>
<p>The old rules are changing, the return on Money &amp; Energy are being irreversibly delevered. The EROEI (Energy Return On Energy Invested) was 100/1 in the early days of Oil, it is now less than 10/1 and falling. New Oil is going to be much more costly to find &amp; Produce and the Investment return is not going to be anywhere near what it used to be. </p>
<p>When the general perception finally accept that Oil has Peaked, then the rush away from Oil will begin, into the search for something else, which may not be there. This process will also severely dilute the capital needed for Oil Exploration and the EROEI will be further eroded! </p>
<p>In fact, even though Demand and Price has been rising, the investment in new Exploration has already been falling!</p>
<p>In the interim, Oil producing countries, particularly OPEC, refuse to verify or even discuss their actual level of their reserves. </p>
<p>If that happened, then the conjecture &amp; uncertainty would come to an end. </p>
<p>There are a few likely scenario&#8217;s &#8211;<br />
1) The levels of reserves are substantially UNDERSTATED, THE IS MUCH MORE OIL THAN COMMONLY THOUGHT.<br />
Whilst this is a very unlikely outcome, in this instance the result would be the usual where Supply exceeds Demand, the Price of Oil would fall!<br />
An outcome not favoured by major self interest groups! </p>
<p>2) The levels of reserves are substantially OVERSTATED, THE IS MUCH LESS OIL THAN COMMONLY THOUGHT.<br />
This would be the likely outcome and in this instance that would spark a MASSIVE &amp; URGENT MOVE AWAY FROM OIL, towards other possible Energy sources, particularly for the transport sector.<br />
That would result in a massive fall in Demand for Oil, in the near term and as usual where Supply exceeds Demand, the Price of Oil would fall!<br />
An outcome not favoured by major self interest groups! </p>
<p>3) The levels of reserves REMAINS UNKNOWN, UNVERIFIED &amp; SUBJECT TO CONSTANT CONCERN.<br />
This is the current Status Quo outcome and the result is as usual where Demand appears to exceed Supply, there is constant pressure on the Price of Oil to rise!<br />
THE PREFERRED OUTCOME for major self interest groups!</p>
<p>There are no guarantees in life, but the likely outcomes suggest that in 5-10 years, the Global Economic outlook, will be significantly different to today and I am not talking of upside!</p>
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		<title>By: Linda Traynham</title>
		<link>http://whiskeyandgunpowder.com/deep-water-oil-wont-cure-peak-oil/comment-page-1/#comment-3933</link>
		<dc:creator>Linda Traynham</dc:creator>
		<pubDate>Wed, 28 Oct 2009 00:45:23 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5629#comment-3933</guid>
		<description>I&#039;d rather deal with the aliens.  They may be rational beings.  As for worrying about peak cheap oil, I suggest we start worrying about peak water.</description>
		<content:encoded><![CDATA[<p>I&#8217;d rather deal with the aliens.  They may be rational beings.  As for worrying about peak cheap oil, I suggest we start worrying about peak water.</p>
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		<title>By: Tweets that mention Deep-Water Oil Won't Cure Peak Oil -- Topsy.com</title>
		<link>http://whiskeyandgunpowder.com/deep-water-oil-wont-cure-peak-oil/comment-page-1/#comment-3931</link>
		<dc:creator>Tweets that mention Deep-Water Oil Won't Cure Peak Oil -- Topsy.com</dc:creator>
		<pubDate>Tue, 27 Oct 2009 19:23:26 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5629#comment-3931</guid>
		<description>[...] This post was mentioned on Twitter by Agora Financial, Whiskey Gunpowder. Whiskey Gunpowder said: Deep-Water Oil Won’t Cure Peak Oil: So there I was the other day, walking through the waiting area of a local h.. http://bit.ly/4Fhkvf [...]</description>
		<content:encoded><![CDATA[<p>[...] This post was mentioned on Twitter by Agora Financial, Whiskey Gunpowder. Whiskey Gunpowder said: Deep-Water Oil Won’t Cure Peak Oil: So there I was the other day, walking through the waiting area of a local h.. <a href="http://bit.ly/4Fhkvf" rel="nofollow">http://bit.ly/4Fhkvf</a> [...]</p>
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