Shell chief fears oil shortage in seven years

[American Air Surf]

How quickly Airline mergers will play out, are likely to accelerate. It seems that the coming calamity, will be like that of the current Banking, SIV, CDO, Housing Crisis, and the coming 2008 Recession,

Peaking of Oil, will come at the most inopportune time-, sooner than most think- "click the blue-hyper-links" in the following link- 🙁


http://www.energybulletin.net/39517.html

 

[NewHampshire Black Bears]

There is definite Validity, in the above article, and "it's" a perfect example, of an area, where I wish like HEL* that (uncle) Bobby CRANDALL was still around !!!

Why ?
Because he was a Master , at solving Looong term problems (like this)

If he was still here, he'd have bought a friggin' small refinery down in Mexico, and have the Jet-A pumped right into DFW !

 

[local 12 proud]

Oh we have plenty of Oil and Gas, just depends on how bad we want/need it!

Oil Field or Sanctuary?

 

[TWU informer]

What is totally amazing is that there are plenty of alternative fuel resources within our grasp but because the Supreme Court ruled that campaign money is free speech, the Oil Company lobbyist and special interest groups keep the Federal Government from inacting an all out campaign to make public use of viable alternatives to oil.

Example:

GTL Syntroleum

The Governement had already proven the use for aviation in a B-52 test flight.

B-52 Test Flight Data and Video

Of course the Department of Defense has proven it to work, but the Oil Company lobby keeps the poloticians from bringing it to the public.

So here we are strapped with an "Oil Crisis" while alternatives are available and proven.

Until the campaign and government official buy-off program in altered, we the consumer will suffer at the hands of our own political system that is supposed to be for the people and by the people.

 

[Richard]

As this is a general story and has little to do with AA directly, we're moving it to the Water Cooler.

 

[American Air Surf]

Oh we have plenty of Oil and Gas, just depends on how bad we want/need it!

Oil Field or Sanctuary?

Oil Field of Sanctuary? (ANWAR) not much of a Oil Field is it, and would supply the US for about 3 months

http://www.msnbc.msn.com/id/4542853/

Read this, the information is overwhelming....http://en.wikipedia.org/wiki/Hirsch_report

Best to be informed, we are in trouble, with little time to mitigate.

 

[American Air Surf]

What is totally amazing is that there are plenty of alternative fuel resources within our grasp but because the Supreme Court ruled that campaign money is free speech, the Oil Company lobbyist and special interest groups keep the Federal Government from inacting an all out campaign to make public use of viable alternatives to oil.

Example:

GTL Syntroleum

The Governement had already proven the use for aviation in a B-52 test flight.

B-52 Test Flight Data and Video

Of course the Department of Defense has proven it to work, but the Oil Company lobby keeps the poloticians from bringing it to the public.

So here we are strapped with an "Oil Crisis" while alternatives are available and proven.

Until the campaign and government official buy-off program in altered, we the consumer will suffer at the hands of our own political system that is supposed to be for the people and by the people.

As the TWU Informer, it is always best to be in formed...http://www.peakoilassociates.com/POAnalysis.html
Click the Microsoft Word (.doc) or Adobe Acrobat (.pdf) link at the bottom. Unfortunately, alternatives are a day late and a dollar short to mitigate, or take the place of oil, muchless JET-A, on a grand scale. Enjoy the read, becasue it will definately open your eyes to the problem that is at our doorstep....

 

[jimntx]

Since the plan to take over Iraq's oil fields didn't work, I guess the Shell chairman wants us to invade Nigeria and turn their oil fields over to Shell (as if Shell didn't control most of them now ). Of course, Halliburton will have to get a cut of the deal.

 

[The Goose]

Since the plan to take over Iraq's oil fields didn't work, I guess the Shell chairman wants us to invade Nigeria and turn their oil fields over to Shell (as if Shell didn't control most of them now ). Of course, Halliburton will have to get a cut of the deal.

Perhaps for his Holland-based company, but certainly not for USA companies if they're friends of the Bush family.

 

[Gilding the Lily]

Another concern is Sovereign oil companies taking back oil fields from companies like BP in Russia and Brazil. Combine that with the soon-to-be decreased production in Alaska, and you have a perfect storm.

 

[jimntx]

That is assuming that the sovereign oil companies had no vested interest in the economic survival of the world's largest economy. That is an incorrect assumption. With all the ranting and raving that Chavez in Venezuela does, he still does not want the U.S. economy to collapse because he would have a lot of oil and oil products that no one wanted to (or could) buy.

A true shortage like the Shell chairman was talking about (and, of which I have my doubts) would have nothing to do with who controlled the oil fields and production. If you're out of crude, you're out of crude.

 

[Gilding the Lily]

That is assuming that the sovereign oil companies had no vested interest in the economic survival of the world's largest economy. That is an incorrect assumption. With all the ranting and raving that Chavez in Venezuela does, he still does not want the U.S. economy to collapse because he would have a lot of oil and oil products that no one wanted to (or could) buy.

A true shortage like the Shell chairman was talking about (and, of which I have my doubts) would have nothing to do with who controlled the oil fields and production. If you're out of crude, you're out of crude.

It absolutely does matter who controls oil fields, especially when integration is involved. In several contracts with the host nations, the price of crude determines how much output foreign oil companies are allowed. When you have such agreements, it is encouraging the Organization of Petroleum Exporting Countries to bolster the prices by lowering levels of output.

 

[jimntx]

Manipulation of oil prices by a cartel was not the subject of the thread. A real, or purported, shortage of oil is the topic. Whether there is or is not crude in the ground has nothing to do with who controls that ground. And, I repeat. None of the cartels or independent looney oil producers has anything to gain by trashing the U.S. economy. They may be crazy, but they are not stupid.

 

[Gilding the Lily]

Manipulation of oil prices by a cartel was not the subject of the thread. A real, or purported, shortage of oil is the topic. Whether there is or is not crude in the ground has nothing to do with who controls that ground. And, I repeat. None of the cartels or independent looney oil producers has anything to gain by trashing the U.S. economy. They may be crazy, but they are not stupid.

Jim,

That is precisely why I said it is ANOTHER concern. But it is not off topic either. Even you admit it could be a "purported" shortage. Countries reduce output to increase price at times... it is already known. You call it manipulation of prices; how do you think they usually manipulate the price? It is by level of OUTPUT. If they decrease output, they can cause a shortage.

This is absolutely on topic as a shortage can be a self-induced shortage, likely caused by Sovereign oil companies reducing output.

As we go forward, the benefits of higher oil prices will go more toward the national oil companies and away from the major oil companies.

In many contracts with host nations, the price of crude determines how much output foreign oil companies are allowed. BP's production from Azerbaijan, for example, was lower when oil was $60 a barrel than when it was $40, the company said in 2006.

Such agreements are encouraging the Organization of Petroleum Exporting Countries to bolster prices by lowering output. Last week ministers from Qatar, the United Arab Emirates and Iraq said the group doesn't need to raise production at their Feb. 1 meeting in Vienna.

Article

 

[American Air Surf]

Jim,

That is precisely why I said it is ANOTHER concern. But it is not off topic either. Even you admit it could be a "purported" shortage. Countries reduce output to increase price at times... it is already known. You call it manipulation of prices; how do you think they usually manipulate the price? It is by level of OUTPUT. If they decrease output, they can cause a shortage.

This is absolutely on topic as a shortage can be a self-induced shortage, likely caused by Sovereign oil companies reducing output.






Article

Right on Target- As the world thirsts for Oil, These Third World exporters, will eventually turn inward, and cease exports, to conserve what resources they have left. Hence "Nationalism" that is starting to sweep the world, and hence the "Majors" being kicked out! A good example of this will be Mexico, and their Cantarelle field-

http://www.energybulletin.net/21299.html


http://en.wikipedia.org/wiki/Cantarell_Field

http://www.rigzone.com/news/article.asp?a_id=43560

http://www.financialsense.com/Experts/2007/Simmons.html

Along with a couple other interesting link(s) ...


http://transitionculture.org/wp-content/up...pt#256,1,Crisis or Opportunity? How close to Peak Oil are we?


http://www.oilposter.org/index.html

And... National Geographic...

http://ngm.nationalgeographic.com/ngm/0406...ure5/index.html

http://www.stockhouse.ca/shfn/article.asp?edtID=19104

Now you know, the Truth, that the politicians will not tell you, this stuff is dead serious, and will dwarf the oil embargo of the early 70's, which I experienced first hand, in my teens.