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Peak-oil May 13, 2016

Posted by WorldbyStorm in Uncategorized.
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Interesting snippet in the Observer this weekend about peak-oil. Yeah, it’s back.

…it still gives observers pause for thought when someone of the stature of Professor Paul Stephens, oil expert at Chatham House, states baldly that Shell, BP et al have 10 years to adapt or die, as he did last week.
Although he is seen as close to the industry, he nevertheless believes Big Oil should diversify into renewables, perform mega-mergers or slim down to cope with a brave new world where oil demand will fall, carbon regulations will grow and high-cost oil reserves will be stranded.

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1. gendjinn - May 14, 2016

Have you ever come across soviet geologists talking about their theory of oil formation from a non-organic source?

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2. WorldbyStorm - May 14, 2016

No, are there links?

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gendjinn - May 14, 2016

Heard a piece on NPR about 13/14 years ago. You can probably find stuff googling for the key terms in the following:
Essentially under extremely high temp/pressure water, calcium carbonate produce oil. So the soviets would look for places where oil could percolate up and pool, apparently their hit/miss ratio on drills was far higher than any western oil company.

Interesting, plausible and possibly true but a bit “illuminati suppressing beneficial technology that harms their rentier status” conspiracy theoryish.

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CL - May 14, 2016

“Alexander Cockburn believes the oil is infinite. It will never run out, because all the geologists in the world are wrong. Oil wasn’t made from compressed plant life – the whole core of the Earth is filled with oil, and it will ooze out forever. He knows this because one scientist, building on theories from Stalinist Russia, says it is so. Cockburn steadfastly believes in abiotic oil, the endless supply.[www.counterpunch.org/cockburn10152005.html]”

http://climateandcapitalism.com/2007/06/19/the-sad-case-of-alexander-cockburn/

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3. gendjinn - May 14, 2016

Thing is. Several labs have produced oil under the prescribed conditions. So it may just be a curiousity or it could end being a contributor.

But imagine the comedy of a Lysenko era idea, coming out of Stalinist Russia, actually being right.

Does Cockburn have anything to say on Cuba & Vitiligo?

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