tag:blogger.com,1999:blog-196554259323465442.post4066602949374121464..comments2023-10-27T03:41:13.171-07:00Comments on Warning Signs: Oil Forever!Alan Carubahttp://www.blogger.com/profile/10901162110385985193noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-196554259323465442.post-28975739038420402382012-09-18T19:03:02.616-07:002012-09-18T19:03:02.616-07:00I read this and thought of the book I read in the ...I read this and thought of the book I read in the 1950's that the continents were all connected at one time. It certainly made sense to me but it took "settled" science a long time to believe it. Now they preach it. I read the oil theory sometime back but being here in Texas I asked some oil and gas engineers about it and it was pooh poohed, they may still feel that way, but I don't. If I weren't a year older than Alan Caruba I might remember the name of that book and the scientist. I CAN visualize it, though.Rockport Conservativehttps://www.blogger.com/profile/08472979749733378317noreply@blogger.comtag:blogger.com,1999:blog-196554259323465442.post-20480009606562497312012-09-18T16:57:18.305-07:002012-09-18T16:57:18.305-07:00I personally subscribe to what is called the Russi...I personally subscribe to what is called the Russian/Ukrainian abyssal abiotic theory of petroleum. Although the wells may not be replenishing themselves as quickly as we are using them up, it remains clear that the amount of untapped oil in the Earth's crust is far greater than we can imagine at this point. <br /><br />Although geologist have argued for decades over the biotic versus the abiotic theories, the fact remains that the biotic people have been consistently wrong on their predictions of the total oil reserves ever since they started predicted the world’s total reserves. <br /><br />Remember that if what they said in the 1950’s had actually been true we would have run out by the 1960’s. And that is a fraction of what we are using. <br />Rich Kozlovichhttps://www.blogger.com/profile/13745960671409518147noreply@blogger.comtag:blogger.com,1999:blog-196554259323465442.post-14209407499116671862012-09-18T16:41:37.680-07:002012-09-18T16:41:37.680-07:00@Scrooge. Suffice to say you are wrong on a number...@Scrooge. Suffice to say you are wrong on a number of points, but Corsi's book does credit the Russians for their discoveries and theories, well before others.<br /><br />What the Federal Reserve does is a whole other factor and does not relate to my commentary. More oil meets the supply and demand formula. More means lower costs. This is occurring now with new shale gas reserves being tapped.<br /><br />Alan Carubahttps://www.blogger.com/profile/10901162110385985193noreply@blogger.comtag:blogger.com,1999:blog-196554259323465442.post-29877581522139482602012-09-18T14:55:23.571-07:002012-09-18T14:55:23.571-07:00Con your question on why gas is more expensive yo...Con your question on why gas is more expensive you are leaving out of the equation inflation in the form of the so call quantitative easing from the Feds which is called printing money out of tin air like a third world country (many 80`s examples come to mind)<br /><br />Your theory of never ending oil was propose by a Russian scientists many years ago. But then you don't mention Hubbert`s peak oil theory which comes to mind when you see 70s Texas oil decline or the current decline in Mexico or Indonesia.<br /><br />Maybe Earth does has an infinite supply of oil, but I doubt it gets replenish at same rate we use it. <br /><br />Is like wood, we seem to have a lot and trees grow from seeds, but it takes 20 to a 100 years for a big mature tree and we chop them down under 15 minutes and turn them into planks the same day.<br /><br />There is oil out there for sure, but the cheap easy to get is already gone or being extracted.<br /><br />Just ask BP and others how easy is to do deep ocean drilling.Anonymoushttps://www.blogger.com/profile/07748810496059919347noreply@blogger.com