Our Finite World: Major Crude Oil Probelms Ahead. . .

יהוה_saves

Well-known member

The world has a major crude oil problem; expect conflict ahead​

Posted on April 21, 2022 by Gail Tverberg

Media outlets tend to make it sound as if all our economic problems are temporary problems, related to Russia’s invasion of Ukraine. In fact, world crude oil production has been falling behind needed levels since 2019. This problem, by itself, encourages the world economy to contract in unexpected ways, including in the form of economic lockdowns and aggression between countries. This crude oil shortfall seems likely to become greater in the years ahead, pushing the world economy toward conflict and the elimination of inefficient players.

To me, crude oil production is of particular importance because this form of oil is especially useful. With refining, it can operate tractors used to cultivate crops, and it can operate trucks to bring food to stores to sell. With refining, it can be used to make jet fuel. It can also be refined to make fuel for earth moving equipment used in road building. In recent years, it has become common to publish “all liquids” amounts, which include liquid fuels such as ethanol and natural gas liquids. These fuels have uses when energy density is not important, but they do not operate the heavy machinery needed to maintain today’s economy.

In this post, I provide an overview of the crude oil situation as I see it. In my analysis, I utilize crude oil production data by the US Energy Information Agency (EIA) that has only recently become available for the full year of 2021. In some exhibits, I also make estimates for the first quarter of 2022 based on preliminary information for this period.

read on:

 

יהוה_saves

Well-known member
World leaders will use the climate change lie as a pretext to limit the use of hydrocarbons, but not for themselves and their aéroplanes, limos and yachts.

Ghawar- the largest oil field is Saudi Arabia- was reported to be ingesting sea water back in 2006 in order to raise the oil level to pump-able levels, This required an additional layer of processing to remove the sea water from the oil before the refining process could begin

It must be depleted by now. The kingdom will not permit independent geologists to enter Ghawar so who knows what the situation is.
 

kenmuldoon55

Well-known member

The world has a major crude oil problem; expect conflict ahead​

Posted on April 21, 2022 by Gail Tverberg

Media outlets tend to make it sound as if all our economic problems are temporary problems, related to Russia’s invasion of Ukraine. In fact, world crude oil production has been falling behind needed levels since 2019. This problem, by itself, encourages the world economy to contract in unexpected ways, including in the form of economic lockdowns and aggression between countries. This crude oil shortfall seems likely to become greater in the years ahead, pushing the world economy toward conflict and the elimination of inefficient players.

To me, crude oil production is of particular importance because this form of oil is especially useful. With refining, it can operate tractors used to cultivate crops, and it can operate trucks to bring food to stores to sell. With refining, it can be used to make jet fuel. It can also be refined to make fuel for earth moving equipment used in road building. In recent years, it has become common to publish “all liquids” amounts, which include liquid fuels such as ethanol and natural gas liquids. These fuels have uses when energy density is not important, but they do not operate the heavy machinery needed to maintain today’s economy.

In this post, I provide an overview of the crude oil situation as I see it. In my analysis, I utilize crude oil production data by the US Energy Information Agency (EIA) that has only recently become available for the full year of 2021. In some exhibits, I also make estimates for the first quarter of 2022 based on preliminary information for this period.

read on:

https://ourfiniteworld.com/2022/04/...conferences in their 50 million dollar jets.
 

Watchman

Moderator
Staff member
There is plenty of oil underground. Prince Charles has succeeded in getting all the major banks to stop financing oil production and exploration. Bringing a well to production is a huge gamble and expense and without the prospect of financial support, the oil companies have been effectively throttled by forcing them to avoid the financial risks imposed by the bankers.
 
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יהוה_saves

Well-known member
There is plenty of oil underground. Prince Charles has succeeded in getting all the major banks to stop financing oil production and exploration. Bringing a well to production is a huge gamble and expense and without the prospect of financial support, the oil companies have been effectively throttled by forcing them to avoid the financial risks imposed by the bankers.
what’s the ERoEI on those wells? I think this author is writing about depleted conventional wells- the type of wells where the oil bubbles up to the surface under its own pressure, with ERoEIs in the high 75-100 range.

you’re right- the banksters have been ordered to withdraw financing under Prince Charles’s climate change/GND pretext. All deliberate. yet he’ll hoard whatever is left for himself and his friends.
 

Carl

Well-known member
There is plenty of oil underground. Prince Charles has succeeded in getting all the major banks to stop financing oil production and exploration. Bringing a well to production is a huge gamble and expense and without the prospect of financial support, the oil companies have been effectively throttled by forcing them to avoid the financial risks imposed by the bankers.
Oil is more renewable than we've been told. Abiotic oil, created in the Earth's crust, turns out to be true. Once depleted oil fields have refilled, showing the lie that oil came from dinosaurs to be a fraud/joke. I watched a Sonoco video from the early 70's where their scientists created an engine that got 1,000 miles/gallon. Was it a fake? Possible, I wasn't there, but I've seen enough videos where everyday people alter their generators or other engines to get unheard of mileage/production. I've seen videos, now removed, where people powered their trucks with water. I've seen people create energy generators that were close to being perpetual motion machines, by using the Earth's gravity/electric field. Knowing Satan is a liar has helped me understand why these advancements have been suppressed. He's suppressed cures as well, leading to a very mentally and physically ill world.

The problem is sites like Snopes come along and tell us these videos are all lies, and people believe them because the alternative is unthinkable. What's the alternative? We could ALL be living an incredible life right now... and I'm not talking about Paradise. Because I know Jehovah's Kingdom will blow away anything Satan can give us, I'm at peace knowing Satan's system is depriving us of a better world. He's turning the screws, making it more and more difficult to get by. Life isn't getting better. Inflation is eating away at our lifestyles, chemicals are degrading our health at a much faster rate, and immorality is leading sheep away from God. Why would Satan do this since it fulfills Bible prophecy? I can't say for sure, but my guess is he can't get his NWO without destroying the old one. So he's ordered his minions to turn off the old system and let it die, leading to his much desired one world government, openly led by him. Will he blame the problems of the old system on Christians? Maybe. Will he offer a better world in exchange for taking his loyalty mark? I think so.
 

BARNABY THE DOG.

Well-known member
@Carl
i’ve heard of abiotic oil but it’s something i have not researched. i must research this!
It is a fuel substance made from natural rather than animal/vegetable - things that are not alive, ergo energy from light, sea motion etc. It’s a wonder that it has not come up on women’s makeup creams!!!!
 
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