Nothing defines Big Oil more than the 1989 Exxon Valdez oil spill. The above photo from Prince William Soundkeeper. Maybe some were paying attention to the recent Supreme Court decision that rewarded Exxon for their environmental destruction..
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Wow! A bonanza of oil and gas reserves reported by USGS! Until one works out the equivalent years that the discovery would last at the current rates of usage. Get those calculators out and figure out just how long those big finds will last at 86 million barrels a day consumption and climbing.
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The Independent UK has done just that for us:
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This includes 90 billion barrels of oil, enough to supply the world for three years at current consumption rates, or to supply America for 12, and 1,670 trillion cubic feet (tcf) of gas, which is equal to about a third of the world's known gas reserves.
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However, what the report does do is to indicate a very different future for one of the world's last remaining pristine and utterly unspoilt regions. If the oil is there, countries which own it will be very likely to seek to extract it, whatever the environmental cost.
However, what the report does do is to indicate a very different future for one of the world's last remaining pristine and utterly unspoilt regions. If the oil is there, countries which own it will be very likely to seek to extract it, whatever the environmental cost.
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In the entire off shore drilling scam that is being handed to Americans, make sure you don't miss these 2 sentences:
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The report did not include an estimate for how long it might take to bring the reserves to markets, but it would clearly be a substantial period.
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Offshore fields in the Gulf of Mexico and west Africa can take a decade or longer to begin pumping oil.
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Some reports, by notable experts in the field indicate that this gas or oil would not reach the market for 20 years. Why would T. Boone Pickens, a multi-billionaire oilman, not think this is a viable option? Could it be because this represents Peak World Oil?
3 comments:
You have made me think.
My heart was torn by the Valdez spill. Valdez was my awakening. We're Christians who value the great abundance the Good Lord gave us. To see it destroyed by greed motivated us to take action and contribute as little as possible to the destruction of our great Eden. I could quote scripture that I know offends some and explain our epiphany but that oil soaked bird made us pray for guidance. Our answer was to live modestly and consume as little as possible that contributed to the destruction of His Creation. We do all of those things you have suggested and then some. We grow as much of our food as possible and donate the excess to those in need. There is great truth in your posts.
BMG had the following that you may not have seen ---
http://www.bluemassgroup.com/showDiary.do?diaryId=12340
Obscene doesn't begin to describe.
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