Wikispooks:Sandbox
Edit this page
This "sandbox" page is to allow you to carry out experiments. Please feel free to try your skills at formatting here. If you want to learn more about how to edit a wiki, please read this introduction or the tutorial at Wikipedia. For in-depth experimentation, design and testing of templates etc, please use the separate sandbox wiki
To edit, click here or "edit" at the top of the page and make your changes. Then, click the "Show Preview", "Cancel", or "Save page" button above and below the editing box. Previewed or saved work will appear under the "Testing Area" heading below. Please do not add material that is offensive, copyrighted, or libelous.
Please be sure not to change anything on the top line of the edit box.
Content added here will not stay permanently; this page may be cleared at any time.
Testing Area
The worldwide oil production is in decline, however, global demand is rising.
Peak Oil
The geologist M. King Hubbert successfully predicted in 1956 that oil production in the contiguous United States would peak around 1970.[1]
The peak of production follows a logistic distribution function according to Hubbert, with a distinct maximum. When the peak is reached differs from region to region. It depends amongst other things on the profit margin per barrel. Put in simple words: oil is about to run out.
Global Demand
Global demand is rising. www.eia.gov
The Price of Oil
The price of oil is crucial for a number of reasons:
- The Petro-Dollar system replaced the Gold Standart of Bretton Woods: oil is traded for dollars by OPEC and by way of weapons deals and military contracts recycled into the US economy. The value of the dollar depends heavily on the availability of oil in the world market.
- The world economy depends on oil and it is not feasable to replace it with other resources in a short time.
The price of oil is managed for constant demand by the big oil companies (Wizards of Money) which translates to constant demand for dollars.
Implications
When the price of oil gets too high, global demand for dollars declines. This scenario seems inevitable on the long run. On the short run, the one who controls the regions which are farthest from peak has maximum leverage to control the price of oil. After Saudi Arabia, Iran and Irak comes the Caspian Basin (yet to be explored).
As no other than the Petro-Dollar monetary non-system is in sight, seeking "stability" becomes a fetish, enshuring future profits flow in the same direction as they do at present. No price seems too high to pay for "stability". Stan Goff assumes that eventually this may lead to fashistoid population control measures when profits are no longer available to the bulk of the population in the western world. see interview 16:20ff.
Abiotic ?
This scenario does not depend on the question if oil is of abiotic origin or not. The question is that of availability - not of quantity.
- ↑ M. King Hubbert. "Nuclear Energy and the Fossil Fuels" (PDF). Drilling and Production Practice (1956) American Petroleum Institute & Shell Development Co. Publication No. 95, See pp 9-11, 21-22.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "Scribunto").
