Category Archives: oil

Peak Oil Rests On The Idea That Oil Is A Limited Resource…Maybe Not So True!

From Wikipedia a description of the commonly held view regarding the formation of petroleum. If you didn’t pay attention in school when we were taught that billions of plankton gave their lives to form the stuff we put into our SUV’s here is a quick refresher course. Pay attention because this is a critical piece of the puzzle to many theories of our economy collapsing, I am talking about Peak Oil.

Petroleum is a fossil fuel derived from ancient fossilizedorganic materials, such as zooplankton and algae.[20] Vast quantities of these remains settled to sea or lake bottoms, mixing with sediments and being buried under anoxic conditions. As further layers settled to the sea or lake bed, intense heat and pressure built up in the lower regions. This process caused the organic matter to change, first into a waxy material known as kerogen, which is found in various oil shales around the world, and then with more heat into liquid and gaseous hydrocarbons via a process known as catagenesis. Formation of petroleum occurs from hydrocarbonpyrolysis in a variety of mainly endothermic reactions at high temperature and/or pressure.[21]

There were certain warm nutrient-rich environments such as the Gulf of Mexico and the ancient Tethys Sea where the large amounts of organic material falling to the ocean floor exceeded the rate at which it could decompose. This resulted in large masses of organic material being buried under subsequent deposits such as shale formed from mud. This massive organic deposit later became heated and transformed under pressure into oil.[22]

Geologists often refer to the temperature range in which oil forms as an “oil window”[23]—below the minimum temperature oil remains trapped in the form of kerogen, and above the maximum temperature the oil is converted to natural gas through the process of thermal cracking. Sometimes, oil formed at extreme depths may migrate and become trapped at a much shallower level. The Athabasca Oil Sands is one example of this.

Obviously there wasn’t an unlimited supply of those poor little zooplankton…and so we must sooner or later run out of oil.  Now for the longest time folks have been pointing out that we can find methane in other places around the solar system…the peak oil lobby simply claimed that yea yea sure we can find simple hydrocarbons in space but we arent’ ever gonna find complex hydrocarbons…cause for those we need Dino the dinosaur or Pauline Protozoa.  Well apparently Dino and Pauline get around a bit more than expected…

In today’s issue of the journal Nature, astronomers report that organic compounds of unexpected complexity exist throughout the Universe.  The results suggest that complex organic compounds are not the sole domain of life but can be made naturally by stars.

Prof. Sun Kwok and Dr. Yong Zhang of the University of Hong Kong show that an organic substance commonly found throughout the Universe contains a mixture of aromatic (ring-like) and aliphatic (chain-like) components.  The compounds are so complex that their chemical structures resemble those of coal and petroleum.  Since coal and oil are remnants of ancient life, this type of organic matter was thought to arise only from living organisms.   The team’s discovery suggests that complex organic compounds can be synthesized in space even when no life forms are present.

The researchers investigated an unsolved phenomenon: a set of infrared emissions detected in stars, interstellar space, and galaxies.  These spectral signatures are known as “Unidentified Infrared Emission features”.  For over two decades, the most commonly accepted theory on the origin of these signatures has been that they come from simple organic molecules made of carbon and hydrogen atoms, called polycyclic aromatic hydrocarbon (PAH) molecules.  From observations taken by the Infrared Space Observatory and the Spitzer Space Telescope, Kwok and Zhang showed that the astronomical spectra have features that cannot be explained by PAH molecules.   Instead, the team proposes that the substances generating these infrared emissions have chemical structures that are much more complex.  By analyzing spectra of star dust formed in exploding stars called novae, they show that stars are making these complex organic compounds on extremely short time scales of weeks.

Not only are stars producing this complex organic matter, they are also ejecting it into the general interstellar space, the region between stars.  The work supports an earlier idea proposed by Kwok that old stars are molecular factories capable of manufacturing organic compounds.  “Our work has shown that stars have no problem making complex organic compounds under near-vacuum conditions,” says Kwok.  “Theoretically, this is impossible, but observationally we can see it happening.”

Most interestingly, this organic star dust is similar in structure to complex organic compounds found in meteorites.  Since meteorites are remnants of the early Solar System, the findings raise the possibility that stars enriched the early Solar System with organic compounds.  The early Earth was subjected to severe bombardments by comets and asteroids, which potentially could have carried organic star dust.  Whether these delivered organic compounds played any role in the development of life on Earth remains an open question.

So maybe the world is gonna end but it ain’t likely to end because we ran out of oil.

Buh Bye British Pound It’s Been Nice Knowing You! Now What?

Here is a snapshot of the last throes of the British Pound as the financial crisis continues…yes continues to wind to it’s terribly gory conclusion. Rumors are flying that tomorrow Germany will announce that they are dropping the Euro as a currency and returning to the Deutschmark. We will see if that rumor plays out. Different large European gold and silver supply houses are shutting down sales because large scale panic buying of both has depleted their supply. Welcome to the new normal where gold looks sensible and everything else is a suckers bet.

Check out the 6 month trend on the pound…weee what a fun ride.

image 

CurrencyShares British Pound Ster. Trst: NYSE:FXB quotes & news – Google Finance

Here is a video you must not miss. Nassim Taleb explains why you should be worried…if you are not. With bonus remarks about how dumb anyone in Business School is right about now.

German Chancellor Merkel Speaks Out Against the Fed’s Policy of Loose Money…WOW! A Leader Speaks The Truth?

German Chancellor Merkel spoke out against the policy of the Central Banks of the United States (Federal Reserve), Great Britain and the EU. When a German Chancellor speaks out against the policies of the Central Bank’s of the world we would be wise to listen.

Aides say Ms Merkel’s concern about the expanding remits of the Fed and the Bank of England is genuine. She does not blame the implosion of the subprime mortgage market for the economic crisis. She does not see securitisation as the culprit. Rather, she thinks the loosening of monetary policy under Alan Greenspan’s Fed chairmanship fuelled the creation of asset price bubbles and encouraged excessive leverage within and beyond the financial sector.

This risky policy, she thinks, was supported by a US government that also rejected any calls – including from Germany when Berlin was chairing the Group of Eight industrial nations in 2007 – for tighter regulation of financial markets. Ms Merkel "sees the huge amounts of liquidity being pumped into financial systems with some concern. She is worried that some of the unconventional action being deployed by central banks cannot be easily reversed," says one confidant. "We do not want to be fuelling a new bubble. Another crisis like this one and the west will be wiped out." FT.com / UK – Merkel makes a mark

Why is she so worried about loosening of the monetary policy under the Fed? INFLATION! The Germans have an intimate knowledge of what happens when inflation ravages a country.

The Fed’s actions are driven by exactly the same sort of short range thinking that has destroyed specific sectors of the US economy. GM signs a labor agreement 50 years ago because they didn’t wonder what might happen down the road if they had some rough spots. And now a 100 year old company is taken over by the Government. Short Range Thinking…will be the death of us.

Sometimes you simply have to accept some pain to avoid the death blow. GM should have said no then and dealt with the inevitable strikes then and they would be alive now. We should have never allowed the Government to remove the shackles we had around it in the form of our currency being backed by gold. At the point we allowed that, it was irresistible that the Government would inflate its way out of debts…and one day destroy this country. We as a people demanded more and more from the Government and corrupt politicians who knew better were more than willing to give it to us. We demanded that taxes NOT be raised and corrupt politicians were only too willing to not raise taxes. Well now the butchers bill has come due.

There is no free lunch.

OBAMA MEMO: GREENHOUSE GAS LIMITS WILL HURT ECONOMY…WHOOPEE! OBAMA SMILING LIKE HE JUST HEARD JOKES ABOUT 9/11 AND RUSH DYING. LEFT SAID TO BE CELEBRATING THE DEATH OF THE US!

Buffoon in Chief Dreaming of destroying the country!

Well I am guessing that because Cap & Trade will damage the United States economy the Buffoon in Chief will be all for it. But that is just a guess…based on the fact that every single decision he has made so far has been an attack on this country. He is a traitor. His backers are traitors and the Mainstream Media are as well.  It doesn’t help that Republicans are mostly a bunch of feckless pissants who go on "listening tours" to figure out what to do.

Advice in an Obama administration interagency review memo to the Environmental Protection Agency warns that government regulation of greenhouse gases under the Clean Air Act (CAA) will hurt the economy, and questions whether such a “precautionary” move would too expansively open up the door for government regulation.

“Making the decision to regulate CO2 under the CAA for the first time is likely to have serious economic consequences for regulated entities throughout the U.S. economy, including small businesses and small communities,” says one comment in the memo, which was officially sent by the White House’s Office of Management and Budget. “Should EPA later extend this finding to stationary sources, small businesses and institutions would be subject to costly regulatory programs such as New Source Review.” …

On April 17, Obama’s EPA Administrator, Lisa Jackson, issued a proposed “endangerment finding,”  which would likely mean the EPA would regulate greenhouse gases — carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride, treated as a group as an air pollutant — through the Clean Air Act.

The White House has not yet decided to go forward with the finding. There is a 60-day comment period following the finding. As part of this process, the Obama administration requested comment from various departments and agencies on the endangerment finding, which is where the memo came from. Hot Air » Blog Archive » Obama admin memo: Greenhouse gas limits will hurt economy

Here is a tasty tidbit from ABC News and their copy of the memo.

DELIBERATIVE—ATTORNEY CLIENT PRIVILEGE

Discussion of scientific support and analysis.
The NPRM fails to articulate the process by which the Administrator came to the
conclusion on p. 30, line 41-46:

  •  
    “The Administrator believes that the scientific findings in totality point to
    compelling evidence of human-induced climate change, and that serious risks and
    potential impacts to public health and welfare have been clearly identified, even if
    they cannot always be quantified with confidence. The Administrator’s proposed
    endangerment finding is based on weighing the scientific evidence, considering
    the uncertainties, and balancing any benefits to human health, society the
    environment that may also occur.”

The finding document remains very separate from the TSD, with only occasional
references to the IPCC or particular CCSP report findings, and it is up to the reader’s
interpretation of the TSD to determine how the evidence has been weighed to arrive at
the conclusions above. The finding rests heavily on the precautionary principle, but the
amount of acknowledged lack of understanding about basic facts surrounding GHGs
seem to stretch the precautionary principle to providing for regulation in the face of
unprecedented uncertainty. (The TSD notes several areas where essential behaviors of
GHGs are "not well determined" and "not well understood" (e.g., why have U.S. methane
levels decreased recently?).)
This could be remedied by expanding the discussion on pp.
25-31 to articulate more clearly how the Administrator weighed the scientific evidence
related to each impact or how/whether she gave more or less weight to particular impacts
for either the public health or the welfare finding and how she weighed uncertainty in her
deliberations. (emphasis mine)

It is slightly, but only slightly, heartening to know that at least some folks in Government are aware of the "slight" problems with Global Warming. But that doesn’t mean anything except that the MSM will have to work "slightly" harder to cover up the bullshit.

The Desert Rock Energy Facility…Flattering EPA Report, Now You See It! Now You Don’t! Fun Stuff Over At EPA!

On April 28th Obama fulfilled a campaign promise regarding bankrupting Coal Power plants. He accomplished this by having his EPA pull a permit that had already been issued for the Desert Rock Energy Facility.  Well that’s not all the EPA is pulling retroactively! They also pulled the flattering report they themselves wrote regarding the very same facility.

Take a look at these two screenshots of this report regarding that very same powerplant. Sounds like the EPA was all for it until Obama wasn’t and then poof the EPA made the report go away. Thank you Google Cache!

Obviously some serious money was lost since the permit was already issued but hey the Power Company probably wasn’t a big enough contributor to the various extortionists/national politicians we seem to have running all over the place. Change you can believe in!

I had to take screenshots because the original page no longer exists on the EPA website. You can search for Desert Rock on the EPA site and the 10th result you get is a link to the report, the search result still exists at this time. But it links to a page not found, hence the screenshots of this report:  The Desert Rock Energy Facility: A Cleaner Coal Power Plant | Region 9: Air | US EPA If you click the link though it shows the page as not being found.

EPASCREEN1 EPASCREEN2 

Well unfortunately for the EPA, Google Cache still had a copy. I took screenshots because gee you never know when stuff might just automagically disappear from Google Cache. Quiet I think I hear one of those Black Helicopters…speaking of if you haven’t seen Conspiracy Theory with Mel Gibson stop reading right now and go rent it!

Here is a local report on the terrible news that the EPA had gone back on its committment to issue a permit. How many dollars were pissed away here?

EPA pulls the plug on Desert Rock coal-fired power plant

By Marjorie Childress 4/28/09 1:11 AM

coal-power-plant-pic1ALBUQUERQUE — In a dramatic move yesterday, the U.S. Environmental Protection Agency (EPA) withdrew the air quality permit it issued last summer for the Desert Rock coal-fired power plant, which is slated to be built on the Navajo Nation in the Four Corners region just southwest of Farmington, New Mexico.

Oh and a few more pages turn up missing on the EPA server…like this report on the emissions. Poof gone, but not gone from Google. Here is a copy paste. Gee it is almost like the EPA and Obama don’t want you to know that they are pissing away perfectly good energy sources to placate the far loony left environmentalists.

Emissions Data
Comparison of Desert Rock to Existing Coal Plants

These charts compare anticipated emissions of nitrigen oxides (NOx) and sulfur dioxide (SO2) from the proposed Desert Rock facility with the same type of emissions from two existing coal-fired power plants in the vicinity- the Four Corners plant and the San Juan plant. The charts show that emissions will be significantly lower from the Desert Rock facility.

Sadly I cannot get this graph!

Comparison of NOx Emissions from Desert Rock Energy Facility and other Local Electric Power Generating Facilities Larger Chart

 

Nor can I get this graph...kinda sad that our Government agencies are this corrupt!

Comparison of SO2 Emissions from Desert Rock Energy Facility and other Local Electric Power Generating Facilities Larger Chart

Notes for NOx chart
Source: 2006 data as reported by EPA’s Clean Air Markets Database
Estimated annual average emissions after the NOx optimization period.

Notes for SO2 chart
Source: 2006 data as reported by EPA’s Clean Air Markets Database
Estimated annual average emissions

Is this the change we were waiting for? Is this what all those moderates thought they were getting when they voted for Obama? Exactly how crooked is our government?

Big Brother Is Watching And He Is Pissed…Pay Up! Taxes By GPS Monitoring of Vehicles.

Naturally a goddamn Republican, Transportation Secretary Ray LaHood, in Obama’s Cabinet is proposing this abortion.

The system would require all cars and trucks be equipped with global satellite positioning technology, a transponder, a clock and other equipment to record how many miles a vehicle was driven, whether it was driven on highways or secondary roads, and even whether it was driven during peak traffic periods or off-peak hours.

The device would tally how much tax motorists owed depending upon their road use. Motorists would pay the amount owed when it was downloaded, probably at gas stations at first, but an alternative eventually would be needed.

Rob Atkinson, president of the National Surface Transportation Infrastructure Financing Commission, the agency that is developing future transportation funding options, said moving to a national VMT would take about a decade.

Privacy concerns are based more on perception than any actual risk, Atkinson said. The satellite information would be beamed one way to the car and driving information would be contained within the device on the car, with the amount of the tax due the only information that’s downloaded, he said. AP Interview: Transportation secretary says taxing how much we drive may replace gasoline tax — Newsday.com

How could this go wrong? After all, what’s wrong with the government knowing exactly where you drive at all times. Nah nothing wrong with that…shit, only a public school idiot or Ivy League fool would think there is nothing wrong with this idea. Waiting for the first shit for brains idiot to say "Well if you’re not doing anything wrong you have nothing to worry about"!

Well we can all feel better about it all after all a "BLUE RIBBON PANEL" is doing a study. Run for the fucking hills whenever you hear that bullshit phrase. It means that some government agency is getting ready to run roughshod over your money, rights and your very soul.

The Revolutionary War Was Started Over Less

Sharpening up my pitchforks and scythes, waiting for the call.

The Revolutionary War Was Started Over Less

Who can mobilize enough people for a March on Washington against the porkulus bill? It is clear by Harry Reid’s addition of an $8+ Billion light rail from Las Vegas to Los Angeles that the wish list keeps growing and there is no standard for Arlen Spektre or the RINOs in name that reign mainly from Maine to ever oppose it.

I would argue that this bill is so large that it demands consent from the public in the form of a special election. San Fran Nan’s grin has had more cuts made to it than the bill has.Six Meat Buffet » Blog Archive » The Revolutionary War Was Started Over Less

Maybe it is time for Glenn Reynolds to revisit his piece in the Chicago Tribune from 1995. In this piece Glenn argues that the militias, that everyone during that time were getting worked up about, were being established far too early. The militias, in Glenn’s opinion, did not have a case yet.

From his piece:

The most important aspect of this theory was representation. Those who were not represented lacked the citizen’s duty of loyalty. A government that taxed its citizens without representation was thus no better than an outlaw, and citizens enjoyed the same right of resistance against its officers as they possessed against robbers.

As this is being typed our "representatives" are busy hiding their motives behind closed secret meetings in a rush to mortgage our grandchildren’s future to pay back political favors.

Is this taxation without representation? Does this idea of taxation without representation have some technical meaning that negates the pit in my stomach. The pit the result of my having absolutely no input on how much money will be wrenched from the sweat of my brow to pay back political favors. Furthermore does this meaning of taxation without representation take into account that my grandchildren certainly have no representation…I have none yet. And yet they are the ones who will be paying this ridiculous bill back.

Does Glenn still think the militias have no case? Even in 1995 he cautioned those in power to take heed of those who felt so unrepresented that they were arming themselves for the revolution. Perhaps that is a warning that needs to be revisited? It certainly feels as if my government is making war on me.

I Told You So Will Seem So Trite When We Are Left Foraging For Food…So Let Me Say It Now America, “I Told You So”

This just about covers it.

Barack Obama inauguration: this Emperor has no clothes, it will all end in tears

Barack Obama, Freedom of Choice Act, Neil Kinnock, stimulus package, Tony Blair

This will end in tears. The Obama hysteria is not merely embarrassing to witness, it is itself contributory to the scale of the disaster that is coming. What we are experiencing, in the deepening days of a global depression, is the desperate suspension of disbelief by people of intelligence – la trahison des clercs – in a pathetic effort to hypnotise themselves into the delusion that it will be all right on the night. It will not be all right.

We have been here before. In the spring of 1997, to be precise, when a charismatic, young prime minister entered Downing Street, cheered by children bussed in for the occasion waving plastic Union Jacks. A very few of us at that time incurred searing reproaches for denouncing the Great Charlatan (as I have always denominated Tony Blair) and dissenting from the public hysteria. Three times a deluded Britain elected that transparent fraud. Yesterday, when national bankruptcy became a formal reality, we reaped the bitter harvest of the Blair/Brown imposture.

The burnt child, contrary to conventional wisdom, does not fear the fire. After the Blair experience there is no excuse for anybody in Britain falling for Obama. Yet today, in this country, even some of those who remained sane during the emotional spasm of the Diana aberration are pumping the air for Princess Barack. At a time of gross economic and geopolitical instability throughout the Western world, this is beyond irresponsibility.

To anyone who kept his head, the string of Christmas cracker mottoes booming through the public address system on Washington’s National Mall can only excite scepticism. It is crucial to recall the reality that lies behind the rhetoric. Denouncing "those who seek to advance their aims by inducing terror and slaughtering innocents" comes ill from a man whose flagship legislation, the Freedom of Choice Act, will impose abortion, including partial-birth abortion, on every state in the Union. It seems the era of Hope is to be inaugurated with a slaughter of the innocents.

Obama’s American Recovery and Reinvestment Plan is like one of those toxic packages traded by bankers: it camouflages many unaffordable gifts to his client state. With a federal deficit already at $1.2 trillion, Obama wants to squander $825 billion (which will undoubtedly mushroom to more than $1 trillion) on creating 600,000 more government jobs and a further 459,000 in "green energy" (useless wind turbines and other Heath-Robinson contraptions favoured by Beltway environmentalists).

It is frightening to think there is a real possibility that the entire world economy could go into complete meltdown and famine kill millions. Yet Western – and British – commentators are cocooned in a warm comfort zone of infatuation with America’s answer to Neil Kinnock. We should be long past applauding politicians of any hue: they got us into this mess. The best deserve a probationary opportunity to prove themselves, the worst should be in jail.

It is questionable whether the present political system can survive the coming crisis. Whatever the solution, teenage swooning sentimentality over a celebrity cult has no part in it. The most powerful nation on earth is confronting its worst economic crisis under the leadership of its most extremely liberal politician, who has virtually no experience of federal politics. That is not an opportunity but a catastrophe.

These are frank, even ungracious, words: they have the one merit that, unlike almost everything else written today about Obama, they will not require to be eaten in the future. Barack Obama inauguration: this Emperor has no clothes, it will all end in tears :: Gerald Warner

Lame Duck? Someone forgot to tell Bush! He is sending help to Georgia via the US Military. Yikes!

Vlad might better check himself before he gets going too far along. He apparently was believing the Drive By Media and thinking that President Bush’s hands were tied. Someone forgot to tell Bush that he isn’t supposed to be able to do anything.

Bush Warns Russia on Georgia, Sends Rice to Tbilisi (Update1)

Aug. 13 (Bloomberg) — President George W. Bush said the U.S. would stand behind its ally Georgia and warned Russia that it must respect the “territorial integrity” of the Black Sea nation. A U.S. military cargo plane is heading to Georgia with relief supplies and Bush said he directed Defense Secretary Robert Gates to organize a humanitarian aid effort. Secretary of State Condoleezza Rice will travel to Georgia to confer with President Mikheil Saakashvili. Bloomberg.com: Worldwide

Now we get to watch everyone get trembly about the big bad Russians. Bunch of incompetent louts who, like muslim men, love to pick on folks who cannot fight back like women and small countries. Jesus they "tried" to bomb a pipeline. If the Russians go boo we will stomp them into the ground and that will be that…

Washington Post almost gets it all right…they came “that” close! But the snippet of a paragraph below is plainly false. Surprised that Instapundit Didn’t see the Error.

Perhaps it is just a coincidence that prices started falling as soon as there was serious talk in Washington to get rid of the moratorium on drilling. I mean it is possible that it is just a coincidence that the free fall in oil prices just sort of happened after Bush lifted the Presidential Ban on drilling.

Contrary to the baldly political suggestions regarding lower gasoline prices by President Bush and Sen. John McCain (R-Ariz.), drilling would make no impact on today’s pain at the pump because it would be years before any oil flowed from the Outer Continental Shelf. We agree that the Arctic National Wildlife Refuge, with its varied and sensitive ecosystems, should be preserved. In the quest for new sources of energy, there are trade-offs. That pristine area must remain off-limits. But there are three “truths” masquerading as fact among drilling opponents that need to be challenged: ‘Snake Oil’ – washingtonpost.com

Or maybe those evil speculators that Democrats and ignorant Republicans love to demonize know something that the Washington Post doesn’t. Maybe they know that the tide is turning on easing future supplies. Brazil in the last 28 years has gone from 1.5 billion barrels of reserves to 12 billion in 2007 and in the last year they have discovered enough oil to put them over 20 billion barrels of reserves.

In that same time we have been assured by the Democrats and some Republicans that we shouldn’t be drilling because it would take “years” to get the oil to market.

Peak Oil anyone? Do the peak oil folks realize that we have only explored approximately 6% of the Continental Shelf according to a talk given in Baton Rouge by Senator Mary Landrieu?