There is no World shortage of Oil, gas, or Coal. They are RENEWABLE resources. Since 1971 known reserves rose by 1,500 million barrels. In that time we consumed 800 million barrels.* There are alternatives.
GRANDPA REMEMBERS the "WORLD IS RUNNING OUT OF OIL" trick
In 1978, the US president ordered that highway speed limits be dropped to 55mph (miles per hour) to make the last few drops of scarce oil last as long as possible. Idiot universities, run by idiot professors, were handing out idiot degrees to idiot students who would regurgitate the phony story of the World Energy Crisis. They got degrees, and moved on to teach a new generation of idiots. That generation of idiots has given us today's current affairs commentators. Now dozy Australians are tamely paying whatever oil giants demand.
RENEWABLE Oil and Coal don't come from decayed matter. There is no chemical relationship between the hydrocarbons in black coal and those in vegetation or dinosaur bodies. Brown coal is different. It is from decayed vegetable matter (peat, etc.) On 27 October 2005 Exxon Mobil reported a quarterly jump in third quarter profit of 75 per cent 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.
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. At Laverton (Victoria), in the RAAF, we had a Fuel Section dedicated to solving the problem of aircraft fuel tanks and underground tanks. We grew the various contaminants in glass tanks. Huge grotesque black shapes grew in those tanks (as they did in aircraft tanks). They did no harm in glass tanks but, when they broke up by vibration in an aircraft, they stopped fuel flow through the fuel lines, so the pilot and crew had to walk home.
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
At the Brae B, in the North Sea, they went too deep on one of the
first production wells and hit a reservoir of geo-pressured gas. The pressure was so great it started lifting fifteen thousand feet of
drill pipe, drill mud, and a drill stem nearly three miles long.
There is so much methane in the earth that they wanted to AVOID hitting this deep reservoir. At that time it was considered just too dangerous to exploit. That has now changed thanks to Russian technology.
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 Falkland 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. Timor has no right to claim our oil either. There are two methods of settling boundaries between maritime nations. The first is the deep water line. This puts the boundary within a couple of hundred kilometres of the Timor coastline. All of the oil is on our
continental shelf by International Law. The second method is a complex computation of equidistant points from coast to coast. Our coastline is not Cape York, Arnhem Land, Darwin, WA, Broome etc. It is measured from Sabai (10 km off the New Guinea coast), Deliverance, Ashmore, Christmas Island, Cocos Island etc. So all the oil and gas on the continental shelf, is ours and ......TIMOR HAS NO LEGAL GROUNDS TO CLAIM OUR OIL. Ask your LOCAL Member to confirm this legal opinion, or give some source, that can be authenticated, for any other opinion. The media would have us believe oil/energy productions has peaked. If that be so, why did the QLD Government agree to selling 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.
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 gas/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.
Peter Odell of Rotterdam's famous Erasmus University points out that "since 1971, 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 $3 per 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 per cent state tax. In all the government-take is about 50c per litre.
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? It is a fair bet that the 523,000 we import, 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.
USA INVADE VENEZUELA?
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.
Editor's note: This article confirms what the 19th edition of this publication states.