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THE ENERGY CRISIS HOAX.
By an Australian contributor - with knowledge of the Oil industry
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There is no World shortage of Oil, gas or Coal. They are RENEWABLE
resources.
The "WORLD IS RUNNING OUT OF OIL" trick
We are tamely paying whatever oil giants demand.
On 27 October 2005 Exxon Mobil reported a quarterly jump in third quarter profit of 75% to (US)$9,920,000,000. The quarterly revenue of the Irving (Texas) company was greater than the annual gross domestic product of the United Arab Emerites and Kuwait.
It is more profitable to create a shortage than find a new oilfield.
http://www.legit.gov.org
Oil and gas are condensates from the magma (the earth's molten core).
Nearly all fields are being topped up from below. The top-up process is known as Abiotic Oil. Many fields considered "exhausted" have come to life again.
The Yates field in Texas is a prime example. Such fields stop flowing when the source of in-flowing oil from below becomes blocked as a paper filter becomes clogged and impregnable. Nature finds another path and the oil field can be tapped again.
Russia is a now a big oil producer because they understand the process and drill at depths better than 30,000 feet (9,000 metres). Coal too is unlimited and renewable. It is driven of the magma (molten core of the earth). It comes up as gas, is trapped, condenses, and by a chemical- bacterial process changes to oil and eventually to coal. The bacterial change is an observable process.
CAPPED OIL EXPLORATION IS "EXPLOITATION"
The oil barons drill to test quality, using speculators’ money, find the hydrocarbons they knew were there, declare the finds uneconomical, cap the wells, and sit back as the share values plummet to zilch, and then they buy them up. The oil barons never relinquished one oil lease that they declared not viable because they knew they could go there any time and get the oil we paid to find.
HUGE FINDS OF WORLD GAS
It is estimated that there is more oil and gas in Alaska and offshore of Alaska than in all of Saudi Arabia. Similarly, there is more oil and gas in Alberta, than in Saudi Arabia. Similar reservoirs exist off the California coast, the Florida, Mexico, the South China Sea and the Great Rift Valley in the horn of Africa. Why do you think we sent the army into Somalia? It wasn't the media scam of "Nation Building" - just oil.
MORE HUGE FINDS
The Falklands Islands, sits on one of the largest concentrations of hydrocarbon fuels in the world. Do you really think the Brits killed all those in the Falklands war for God, the Queen and a bunch of sheep farmers?
Even more significant, do you think the Argentineans risked going to war with the UK because they wanted the Falkland Islands- a patch of barren real estate that is only suitable for sheep farming? - JUST OIL.
In 1993 Anti-Australian bureaucrats and politicians defrauded the Australian people by transferring Australia's oil finds to Transnational Corporations (via Indonesia) by shonky treaties.
The media would have us believe oil/energy productions has peaked. If that is so why did the QLD Government agree to sell our gas at 3c/ litre (fixed) for 25 years?
The world is fighting over oil, not because we are running out, but because there is so much of it. It is not the shortage of oil that drives nations to war, but the desire to control it. Oil is power. That is one of the main reasons for Gulf War I and Gulf War II.
HUGE RESERVES.
In Australia, the North Rankin "A" platform was developed to exploit the Carnarvon basin which is just off the north-west coast near Karratha.
When North Rankin was built it was the biggest gas platform in the world. For twenty years now it has been producing at the rate of 180 million c.f. of gasp/day, and 47,000 tons of condensate per day. It shows no sign of slowing down. This single platform provides all the natural gas fuel for the entire west coast of Australia. In addition, every year, this one platform produces seven million tons of liquefied natural Gas. The LNG provides most of the gas energy requirements for Japan at three cents per litre.
OIL EVERYWHERE.
Peter Odell of Rotterdam's famous Erasmus University points out that "since1971, over 1,500 million barrels have been added to oil reserves. Over the same period only 800 million barrels were consumed.
One can argue that the world has been 'running into oil' rather than “running out of oil'."
According to Mr Fu, CNOOC's chairman, "our offshore prospects are just beginning.
A promising area the size of two North Seas has yet to be explored."
NO AUSTRALIAN SHORTAGE.
Australia consumes 653,000 barrels a day (b/d), exports 325,000 b/d and imports 530,000 b/d We sell our oil under contract at $6 - $10 per barrel and buy OPEC oil at $60 per barrel . Bass Strait oil is produced at $3per barrel. Yet we pay the OPEC price of $60, then the government adds 32cent/litre excise and 10% GST (on-top) and in some states there is a 10% state tax. In all the government-take is about 50c litre.
AUSTRALIAN CRUDE.
We export 523,000 barrels a day and import 530,000 barrels a day - a net import of 7,000 barrels a day - about what we need to import in heavy Arab crude for our lubrication oil and greases. What is the ratio of lube oil to petrol per week in your car? Not one drop of imported crude oil goes to the petrol pumps around Australia. SO how can OPEC prices affect the price of our oil at the pump?
Australian crude is already distillate as it comes out of the ground. It needs no refining. Like many crude oils it can be put, from the ground, straight into any diesel engine. The filter must be changed more often because there is some sediment. This is how the oil pumps operate in the desert - oil is cheaper than water.
GAS IS UNLIMITED. The reserves are so huge and so pressurised they are considered un-tappable. There is no secret where the huge reserves are and there is no need to search for oil. With modern technology the sub-stratas are known, mapped, and vetted.
The recent discovery of four billion cubic feet of natural gas in
western Venezuela confirmed that it has the largest single reserve of oil in the world. In addition to the estimated 78 billion barrels of conventional oil reserves, there are 235 billion more barrels of heavy and extra heavy crude, known as Orimulsion, in the Rio Orinoco region. This means that Venezuela possesses under her soil nearly fifty percent of the total amount of oil in the entire Middle East.
We have so much oil reserves worldwide that fifty cents a liter is more than we should be paying ever.
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