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The following facts and quotes were taken from the movie
'Crude Awakening' |
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Oil is the excrement of the Devil, Black Blood, Oil is the Blood of the Dinosaurs. Oil is the Bloodstream of the World Economy. Oil is the Blood of the Earth. |
| Colin Campbell--Geologist--Consultant to Exxon, Fina, Mobile Shell |
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•A great bulk of the world's oil formed in two brief moments of extreme global warming approximately 150 million years ago.
•We are facing unpredictable and unparallel situation that there has to be a solution.
•In 1985 Kuwait added 50% to its reserve. At that point, the amount of what they could produce was based on their reserves. The more you report, the more you can produce.
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Terry Lynn Karl--Professor of Political Science--Stanford University |
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•We are moving from an era of cheap abundant energy to an era of scarce hard to get energy.
•More and more oil is going to come from less stable places, places that actually challenge the taking.
•Oil is a magnet for war, catalyst, oil prolongs and intensifies war.
•In Iraq, the ethnic and religious struggle, is due to one government on the north displacing people in the south, moving them out of the area so the revenues can belong to them.
•War has always been associated with oil. The first war truly about oil was Sadam's invasion of Kuwait, which was about seizing an oil field.
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•Construction of an average car consumes somewhere between 27-54 barrels of oil depending on when you get your statistic figures.
•Construction of a desk top computer consumes 10 times its weight in fossil fuels
•Construction of a microchip consumes 630 times its weight in fossil fuels
•For every calorie you eat in the U.S. requires 10 calories of hydrocarbon energy
•The result of Peak Oil will cause a collapse in society: increased in employment, bankruptcy, starvation, and poverty.
•We were essentially the Saudi-Arabia of the world up until the 1950's
•For over 100 years the United States was the largest producer of oil in the world. |
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Alberto Quiros Corradi--Industrialist--Caracas
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•Venezuela discovered oil at the beginning of the 20th century
•First discovery in Venezuela was about 1914.
•At one time Venezuela was the largest exporter of oil in the world.
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Matt Simmons--Energy Advisor for the Bush Administration |
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•98% of all transport energy comes from oil
•70% of oil is refined into transport fuels, which include gasoline, diesel fuel, jet fuel, railroad fuel, and maritime fuel.
•If we are considering exploring in places like the tar sands, this should tell you that we have reached peak oil. You do not go to those areas unless you have used up our reserves.
•Liquids that come out of oil as it is processed and refined to create the building block for all of our petrochemical plastics, pharmaceutical, cosmetics, weed killers and many fertilizers.
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James Blackwell--Oilfield Technology Consultant & Engineer--Caracas |
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•The classification of reserves depends on the motivation of the person classifying them.(This keeps people guessing.)
•We are always a Drill Bit away from new fabulous new territory. |
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Roscoe Bartlett--Scientist--US Congressman(Republican--Maryland) |
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•1 barrel of oil will produce as much energy as you can get from 12 people working 365 days of a year, being and equivalent of 25,000 man hours.
•Our geopolitical position for being in Iraq is that it sits in the middle of an oil patch.
•We've got to look at all our sources of energy. If you add them all together, you have got to be very optimistic to believe we could produce anything like the quantity of energy we can get from fossil fuels.
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Luis E. Gusty--Director of Shell, Former CEO--Venezuela State Oil Company |
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•Public data of our oil reserves are extremely misleading and misunderstood.
•OPEC has exaggerated reserves for all kinds of political reasons.
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Alfred M. Spoman--Engineer--Geologist |
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•Hydrogen is a good idea however, there is no infrastructure for hydrogen production. |
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David L. Goodstein--Vice Provost--Professor of Physics (California Institute of Technology) |
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•We use 25-30 billion barrels of oil a year. This number is increasing at an alarming rate. The demand is so high nothing we can imagine will replace oil in those quantities until we replace the same amount of quantities that we use. |
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Fadhil Chalabi--Former Secretary General of OPEC--Former Iraqi oil Minister |
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•OPEC Countries do not care what might happen from now to 20-30-40 years from now, they care about what they get today because they are politicians, and they want more money.
•Politicians have become prisoners of their own budget
•There isn't a company quoted on the Stock Exchange that does not tactfully assume a business supply of cheap oil. When that isn't there anymore, that means virtually every country is over valued on the stock exchange and as the community recognizes this it may trigger an over reaction on the Stock Market and it could likely collapse.
•A crash in the Stock market could likely trigger another Great Depression, if not worse, because the next Depression will be imposed by nature rather than a speculative bubble. |
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Peak Oil: Fact and Fiction Greg Croft Inc. |
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Fact: World oil production was at an all-time high in 2005.
•The world produced 72.36 million BOPD in 2005.
•OPEC produced 29.66 million BOPD, down from a peak of 30.95 million BOPD in 1977.
•Non-OPEC production was at an all-time high of 42.7 million BOPD. |
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History of Oil in Facts: |
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•Oklahoma peaked in 1927 at about 700,000 BOPD; now it is 173,000 BOPD.
•The US peaked in 1970 at 9.66 million BOPD; in 2005 it was 5.18 million BOPD.
•Libya peaked in 1970 at 3.32 million BOPD; in 2005 it was 1.64 million BOPD.
•Kuwait peaked in 1972 at 3.29 million BOPD; in 2005 it was 2.13 million BOPD.
•Iran peaked in 1974 at 6.03 million BOPD; in 2005 it was 3.89 million BOPD.
•Saudi Arabia peaked in 1981 at 9.64 million BOPD; in 2005 it was 9.06 million BOPD.
•Russia peaked in 1983 at about 11.5 million BOPD; in 2005 it was 9.19 million BOPD.
•Alaska peaked in 1988 at 2.14 million BOPD; now it is 803,000 BOPD.
•Mexico peaked in 2004 at 3.38 million BOPD; in 2005 it produced 3.33 million BOPD
•Malaysia peaked in 2004 at 859,000 BOPD; in 2005 it produced 770,000 BOPD. |
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The Following countries' oil production was at an all-time high in 2005: |
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•China (3.63 million BOPD)
•United Arab Emirates (2.45 million BOPD)
•Nigera (2.41 million BOPD)
•Angola (1.24 million BOPD)
•Qatar (798,000 BOPD)
•Canada (2.37 million BOPD in 2005)and •Kazakhstan (994,000 BOPD in 2005) were slightly down from 2004, but were expected to increase in 2006. |
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Fact: Nearly all of the world's largest oilfields are in decline. |
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•Only one supergiant (>5 billion barrels recoverable) field has been found since 1980.
•That field (Kashagan) is located on a geologic structure that was identified prior to 1980, but was not drilled until 2000 because if sea ice conditions.
•The prospects for finding any more are limited, and mostly in the Artic offshore. |
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