get ready for fuel rationing soon!

martin green · 12th February 2011, 09:05

I like to dip on the stock market and always enjoyed the thrill of it and make a couple of quid along the way, However over the last three years I have been watching the oil situation with great vigour.

The world currently produces around 88 million barrels a day of all oils including tar sands from Canada. The world dropped using oil to some degree of 3 million barrels per day because of the 2008 till now 2011 recession.

Here comes the bit which the biased BBC never bothered to raise above the wall.The world right now is using 88 million barrels a day and we only produce 88 million barrels a day. The system is right now at peak production.

Now that was not a problem until the 8/2/2011 when one of the most important oil producers OPEC and particually Saudi Arabia said the following.

The Saudia ARMCO OILS LTD cannot produce no more and most likely overstated there reserves by 40%....WHAT! 40%.

Saudi Arabia was the only world swing producer left. This means in times of need for the world they turned the taps on (spare capacity) and cut the prices down at the pumps to help out the western economies.

They cannot do this now anymore at any time in the future. And here is the really bad news...thinking oh well we can deliver 88 million barrels a day and we need that so things are fine. NO ! The oil fields are dropping at 5 to 8 % a year through age & depletion.

By 2012 we will be requiring within the world approx 90 million barrels a day mostly throuh the bric countries and the world will then be in short supply. 2015 the world will be approx 5 to 10 million barrels down.

The new on stream oil fields are not cutting it as these are smalll compared to Ghawar in Saudis arabia etc.

In my opionThe global warming theory and its a theory is a cover story to use less oil as the governments know they have nothing on this earth which can take the place of oil on mass yet and want to conserve what we have left. The only problem with that is the proven measure of oils which is the HUberts curve which was invented by an American which he predicted that the USA would peak in 1971 and they did many years before they were there.

The curve works when at the half way point the second half of the oils does not mean you have the same half again. The second half of oil field usually can not be got at so easily and the field is abadoned.

Ghawar the largest oils field in the world at around 135 miles long and 30 wide is currently adding 55% water cut injection, water cut injection is when the oil field is exhausted and tired it loses pressure and to get the remaining oil out you inject water.

The higher the water cut, the higher the oil depletion. 55% WOW! and you do not get half of the last remaining half out of the oil field . AND this is the largest oil field in the world.Out of the worlds largest oil fileds which the big 5 all but Ghawar was the only one left not to admit to being close to exhaustion.

Here is the real scary bit....currently world oil prices stand at $100 per barrel and we are paying around £6.00 per gallon, well the reports are suggesting that by Oct 2011 we will be paying £7.00 per gallon within this year and next summer could be paying £10.00 per gallon. The government are already planning rationing if the situation gets any worse, as the Saudi's cannot swing produce any more. The Americans are already using the strategic emergency reserves which dropped off last week.

The world oil situation is very very bad, and this is why the pumps are going up and up, I know the British government is a greedy lod of dollops but this is even out of their hands. The next two years are going to be very interesting.

As the oil fields deplete and the new on streams cannot support the network and the BRICS economies grow more and more oil needed and it cannot be given, the western ecomomies will compete for the oil tankers fuel with higher and higher fees.

This was not reported widely on the press, because of the seriousness of the situation.

rationing is coming within the next few years. Its a worry. Use your V8 as the days are numbered.

12th February 2011, 09:05	#1
martin green Posted a thing or two ROVER 75 TOURER CDT 2002 & 2000 PRIMROSE YELLOW 75 SE Join Date: May 2007 Location: ASHBY DE LA ZOUCH Posts: 1,518 Thanks: 0 Thanked 1 Time in 1 Post	get ready for fuel rationing soon! I like to dip on the stock market and always enjoyed the thrill of it and make a couple of quid along the way, However over the last three years I have been watching the oil situation with great vigour. The world currently produces around 88 million barrels a day of all oils including tar sands from Canada. The world dropped using oil to some degree of 3 million barrels per day because of the 2008 till now 2011 recession. Here comes the bit which the biased BBC never bothered to raise above the wall.The world right now is using 88 million barrels a day and we only produce 88 million barrels a day. The system is right now at peak production. Now that was not a problem until the 8/2/2011 when one of the most important oil producers OPEC and particually Saudi Arabia said the following. The Saudia ARMCO OILS LTD cannot produce no more and most likely overstated there reserves by 40%....WHAT! 40%. Saudi Arabia was the only world swing producer left. This means in times of need for the world they turned the taps on (spare capacity) and cut the prices down at the pumps to help out the western economies. They cannot do this now anymore at any time in the future. And here is the really bad news...thinking oh well we can deliver 88 million barrels a day and we need that so things are fine. NO ! The oil fields are dropping at 5 to 8 % a year through age & depletion. By 2012 we will be requiring within the world approx 90 million barrels a day mostly throuh the bric countries and the world will then be in short supply. 2015 the world will be approx 5 to 10 million barrels down. The new on stream oil fields are not cutting it as these are smalll compared to Ghawar in Saudis arabia etc. In my opionThe global warming theory and its a theory is a cover story to use less oil as the governments know they have nothing on this earth which can take the place of oil on mass yet and want to conserve what we have left. The only problem with that is the proven measure of oils which is the HUberts curve which was invented by an American which he predicted that the USA would peak in 1971 and they did many years before they were there. The curve works when at the half way point the second half of the oils does not mean you have the same half again. The second half of oil field usually can not be got at so easily and the field is abadoned. Ghawar the largest oils field in the world at around 135 miles long and 30 wide is currently adding 55% water cut injection, water cut injection is when the oil field is exhausted and tired it loses pressure and to get the remaining oil out you inject water. The higher the water cut, the higher the oil depletion. 55% WOW! and you do not get half of the last remaining half out of the oil field . AND this is the largest oil field in the world.Out of the worlds largest oil fileds which the big 5 all but Ghawar was the only one left not to admit to being close to exhaustion. Here is the real scary bit....currently world oil prices stand at $100 per barrel and we are paying around £6.00 per gallon, well the reports are suggesting that by Oct 2011 we will be paying £7.00 per gallon within this year and next summer could be paying £10.00 per gallon. The government are already planning rationing if the situation gets any worse, as the Saudi's cannot swing produce any more. The Americans are already using the strategic emergency reserves which dropped off last week. The world oil situation is very very bad, and this is why the pumps are going up and up, I know the British government is a greedy lod of dollops but this is even out of their hands. The next two years are going to be very interesting. As the oil fields deplete and the new on streams cannot support the network and the BRICS economies grow more and more oil needed and it cannot be given, the western ecomomies will compete for the oil tankers fuel with higher and higher fees. This was not reported widely on the press, because of the seriousness of the situation. rationing is coming within the next few years. Its a worry. Use your V8 as the days are numbered. __________________ http://i302.photobucket.com/albums/n...ingreensig.jpg Last edited by martin green; 12th February 2011 at 09:19..