For anyone who really wants to know what is behind our high fuel
costs, here is an excellent and highly detailed piece of research that
points the way:

http://www.theoildrum.com/node/2470#more

From comments at the Wall Street Journal energy blog:
========
If you have not gone to the oil drum and taken a look at the post
referenced, written by Stuart Staniford, by all means do so.
It is an extremely involved work of research, and indicates a growing
consensus among outsiders (non oil company and Aramco experts) that
Ghawar, the largest oilfield in the world is either peaked, or very
close to it. If one accepts the view of Stuart and others, after VERY
involved analysis on their part, we are seeing a drop in production
now, and one that will grow to critical levels within 7 to 10 years.
=======

On Mon, 14 May 2007 23:22:17 -0400, Wayne.B
wrote:

For anyone who really wants to know what is behind our high fuel
costs, here is an excellent and highly detailed piece of research that
points the way:

http://www.theoildrum.com/node/2470#more

From comments at the Wall Street Journal energy blog:
========
If you have not gone to the oil drum and taken a look at the post
referenced, written by Stuart Staniford, by all means do so.
It is an extremely involved work of research, and indicates a growing
consensus among outsiders (non oil company and Aramco experts) that
Ghawar, the largest oilfield in the world is either peaked, or very
close to it. If one accepts the view of Stuart and others, after VERY
involved analysis on their part, we are seeing a drop in production
now, and one that will grow to critical levels within 7 to 10 years.
=======

Interesting - hard read, but he makes a good case for it.

Looks like we'll just have to invade Canada and take over their oil
sands fields.

And start working on the oil shale fields in Wyoming.

"Short Wave Sportfishing" wrote in message
...

Interesting - hard read, but he makes a good case for it.

*Looks like we'll just have to invade Canada and take over their oil
sands fields.*

And start working on the oil shale fields in Wyoming.

Why bother...we'll give it to you for a truckload of yankee dollahs... as we
always do.

On Tue, 15 May 2007 09:40:14 -0300, "Don White"
wrote:


"Short Wave Sportfishing" wrote in message
.. .

Interesting - hard read, but he makes a good case for it.

*Looks like we'll just have to invade Canada and take over their oil
sands fields.*

And start working on the oil shale fields in Wyoming.

Why bother...we'll give it to you for a truckload of yankee dollahs... as we
always do.


You'd better save some for those gas guzzling F-150's driven by so
many Canadians. You'd think you folks up there could conserve a
little!

"JohnH" wrote in message
...
You'd better save some for those gas guzzling F-150's driven by so
many Canadians. You'd think you folks up there could conserve a
little!


Why don't you conserve some of that verbal diarrhea you keep spewing all
over the newsgroup.

Don White wrote:
"JohnH" wrote in message
...
You'd better save some for those gas guzzling F-150's driven by so
many Canadians. You'd think you folks up there could conserve a
little!


Why don't you conserve some of that verbal diarrhea you keep spewing all
over the newsgroup.



I got my desktop machine up and running over the weekend so, thankfully,
Turdmeister Herring is back in the bozo bin, and not a moment too soon.

"Don White" wrote in message
...

"JohnH" wrote in message
...
You'd better save some for those gas guzzling F-150's driven by so
many Canadians. You'd think you folks up there could conserve a
little!


Why don't you conserve some of that verbal diarrhea you keep spewing all
over the newsgroup.


Has the old man posted anything lately that is boating related in any way
Don?

On Tue, 15 May 2007 17:37:31 -0300, "Don White"
wrote:


"JohnH" wrote in message
.. .
You'd better save some for those gas guzzling F-150's driven by so
many Canadians. You'd think you folks up there could conserve a
little!


Why don't you conserve some of that verbal diarrhea you keep spewing all
over the newsgroup.


Referring to Canadians is 'verbal diarrhea'?

Shame on you. You're getting as bad as Harry with your anal fixations!

Wayne.B wrote:
For anyone who really wants to know what is behind our high fuel
costs, here is an excellent and highly detailed piece of research that
points the way:

http://www.theoildrum.com/node/2470#more

From comments at the Wall Street Journal energy blog:
========
If you have not gone to the oil drum and taken a look at the post
referenced, written by Stuart Staniford, by all means do so.
It is an extremely involved work of research, and indicates a growing
consensus among outsiders (non oil company and Aramco experts) that
Ghawar, the largest oilfield in the world is either peaked, or very
close to it. If one accepts the view of Stuart and others, after VERY
involved analysis on their part, we are seeing a drop in production
now, and one that will grow to critical levels within 7 to 10 years.
=======


No offense, but it's just another rationalization for "big oil"
producers and refiners to put the screws to us now and in the future.

On Tue, 15 May 2007 06:26:30 -0400, HK wrote:

No offense, but it's just another rationalization for "big oil"
producers and refiners to put the screws to us now and in the future.

No offense to you either but the author of the report has no axe to
grind other than getting the story right.

I own stock in most of the major oil companies and every single one
of them is having difficulty replacing their reserves. These numbers
are reported and analyzed in great detail, and it is to a company's
advantage to show an increasing level. Reserves, or oil still in the
ground, are a key measure of corporate valuation. No matter how high
current operating results are, if the reserves aren't there the
profits are considered unsustainable and that is quickly reflected in
the stock price.

Another key measure is the cost of discovering a new barrel of oil.
Those numbers are in a steep increase as the easily developed oil is
used up. No company that expects to stay in business will be selling
their oil for less than the cost of discovery and development.

Time to get a sail boat Harry. We'll all help out with showing you
"the ropes".