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Jet Fuel Prices WILL Be Climbing A LOT, and Soon

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It doesn't really matter how much money you shove into energy or metals funds. It doesn't matter how many billions of dollars that guy makes. If the economy and stock market utterly "collapse" as some like to predict and the world is in chaos due to lack of oil, the only things that are going to matter are:

How much food and water you have for yourself,
How much ammunition you have for your guns to protect it. :uzi:

Those will be the new "currency" in this supposed new world. :laugh:

I can't understand the mindset of buying any type of fund, metal, or currency if you actually believe the stock market and economy are going to collapse. It will all be worthless.
 
Sedition in play at FI

These are the best peak oil introduction videos I've ever seen both from ABC Australia. This topic will never be given the proper attention in the U.S. because it has been given the gag order....

This is an ABC Australia video that is 13 minutes long and introduces peak oil very well.
Here is the link:
http://www.informationclearinghouse....ticle13112.htm

Below is a GREAT peak oil documentary from ABC Australia. It has several segments, so watch 'em all. There are also interviews with several experts including the author of the U.S. Govt. DOE STUDY ON PEAK OIL, who is very scared for our future:
http://abc.net.au/4corners/special_eds/20060710/

These are all about how peak oil is related to what is going on in the world especially with the "War on Terror"(ALL of them are 10 minutes) They're very high budget and well done:
The Oil Factor
The Oil Factor 2
The Oil Factor 3
The Oil Factor 4
The Oil Factor 5
The Oil Factor 6
The Oil Factor 7
The Oil Factor 8
The Oil Factor 9

Hope you learn something...
Jet

Wow AbuHaQ posted all your oil Factor links.

Sounds like your a sympathizer and overall anti-American.

Nighty Nite keep your burqa tight.

 
John Doe and C77,

Jim Kunstler calls peak oil the "Long Emergency". The problems start out very, very small and build up more and more, year over year. At first the shortages will be taken care of by moderate price rises.

Then those moderate price rises will become larger as every alternative imaginable is starting to have money thrown at them.

Then economies will start to slowly contract and 1970's oil embargo style living might be the norm for a year or two. Then it will get worse than that.

I think there's plenty of time to make a lot of money, and I pray things don't get too out of control. We'll get through this as long as the nukes don't start getting thrown...

We're going to get to watch it hopefully slow mo style.

Hopefully the tensions between countries for oil will take a long time to develop and the wars stay small at first. I'm sure they'll escalate between major countries wanting their piece of the pie.

So Dec. 12, 2012 could be a good timeline for TSHTF with the big bombs flying.................:bomb: :angryfire :uzi: :smash: Pray it aint so! :)
 
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A great short article pointing out several of the geopolitical tensions occuring right now from peak oil.

He also talks about why commodities are the best investment to be in as we enter a world of many more wars. He shows how commodities did during war times of the past and how what has already happened with the CRB commodities index reaching new highs being very small in reality.....

http://www.321energy.com/editorials/saxena/saxena030107.html

There is no doubt in my mind that the US is extremely interested in Iran’s oil and the ongoing “War on Terror” is really about dominating the resources in the Middle-East. You must understand that the US is highly dependent on foreign oil (it imports 13.8 million barrels of oil daily) and with China and India now using up more oil than ever before, the US is using its military prowess to secure its future energy supplies. It is interesting to note that Iran is the 6th biggest oil exporter and ships out 2.39 million barrels of oil per day (Figure 2)... So, you can see why the US is so interested in bringing about a regime change!

At present, the financial markets have not factored in a military conflict in the Middle-East, making them especially vulnerable to turmoil. Therefore, if there is an attack on Iran, we may get sharp knee-jerk reactions in the capital markets. ......
However, if Iran decides to stop its exports and disrupt the flow of oil through the Straits of Hormuz, the price of oil could easily reach $100 per barrel. This outcome would be a catastrophe for the energy-dependent global economy.

Our planet is rapidly approaching its oil-production peak. In fact, some leading geologists argue that we are already past that point.

So, you can see that our world faces an imminent energy crisis which may cause an escalation of resource wars over the coming years. Normally, I do not like to make bold forecasts but I can say with confidence that the era of cheap oil is over. Moreover, I also suspect that things will get a lot worse on the geo-political front before we return to a period of world-peace.

Fun times ahead.... Dangit and my daughter is due in June! I wish she could have entered this world at a better more peaceful time....

Jet
 
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It doesn't really matter how much money you shove into energy or metals funds. It doesn't matter how many billions of dollars that guy makes. If the economy and stock market utterly "collapse" as some like to predict and the world is in chaos due to lack of oil, the only things that are going to matter are:

How much food and water you have for yourself,
How much ammunition you have for your guns to protect it. :uzi:

Those will be the new "currency" in this supposed new world. :laugh:

I can't understand the mindset of buying any type of fund, metal, or currency if you actually believe the stock market and economy are going to collapse. It will all be worthless.

Within the peak oil community there is quite a debate going on between the optimists and the doomers. The doomers are the guys buying guns, ammo, and gold coins. They believe that we are going back the stone age, that our technology will not be sustainable without oil. The optimists, which include jetflyer, myself, and others on this site believe that while we will face some huge economic and social problems, things will work themselves out and the human race will continue to advance.

Peak oil is not all bad. In twenty years you will probably be living better and in a healthier environment then you do today. It's possible that if you do not solve the liquid fuel problem you will not be flying airplanes as they exist today, but many new exciting fields will be opened up the increasing investment in alternative energy, conservation, and sustainable communities.

The important thing is that the people and government recognize that the current path we are on is a dead end road. We need to get out of Iraq and the Middle East and start spending that money domestically. We need to wean ourselves off of foreign energy sources. If we don't do it voluntarily it will be forced on us and that will be much more painful.

Peak oil is something that all pilots should investigate, as it directly affects their profession. The people talking about peak oil are not crack-pots. The government freely publishes the information. The reports of oil field declines are published by the press. The information is out there, I would strongly suggest reading the Hirsch report: http://www.netl.doe.gov/publications/others/pdf/Oil_Peaking_NETL.pdf
 
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There is a good article in ALPA magazine. The united states has the largest reserves of COAL in the world. By converting coal to a form of gasoline, which can be used in airplanes and cars, we could continue at current consumption for hundreds of years. South Africa did this for many years while the UN was blocking their trade and not allowing them to buy oil. It is just a matter of building the infrastructure to convert it. And to get the oil from shale and sand pits in the us and canada wind power, hydroelectric ad solar power could be used. The reason we are using sweet crude is because it is cheapest and the current infrastructure is set up for it. When it looks like the end of cheap sweet crude is here just watch business and the government start to make the switch to alternative fuels. I saw a great show on NOVA about a fuel which is created by the volcanic vents on the ocean floor which could easily be converted into fuel for our society. Sweet crude as we know it is not the only thing which will keep us moving.

Penn and Teller did a great show on how much money is made off the population by scaring the crap out of it. From gas masks, emergency kids, movies and tv shows, and drugs for the psychological problems. Don't even get me started about the media!
 
It is just a matter of building the infrastructure to convert it.

This is why I recommend everyone read the Hirsch report. Hirsch acknowledges that US has a huge coal reserve, and that the technology to liquefy it exists. However, the scale of such a project is huge.

Here are some numbers to consider. We consumed 7.593 billion barrels of crude oil in 2005. When peak oil hits the experts are looking at a decline rate of 3-7%. Taking the mid number, 5%, you are going to be short about 1 billion barrels per year in by the third year of the peak oil event. Why three years? Well read this excerpt from the Hirsch report concerning the construction of CTL plants in South Africa:

While the first two Sasol coal liquids production plants were built under normal business conditions, the Sasol Three facility was designed and constructed on a crash basis in response to the Iranian revolution of 1978-79. The project was completed in just over three years after the decision to proceed. Sasol Three was essentially a duplicate of Sasol Two on the same site using a large cadre of experienced personnel. Sasol Three was brought “up to speed almost immediately.

The Sasol Three example represents the lower bound on what might be accomplished in a twenty-first century crash program to build coal liquefaction plants. This is because the South African government made a quick decision to replicate an existing plant on an existing, coal mine-mouth site without the delays associated with site selection, environmental reviews, public comment periods, etc. In addition, engineering and construction personnel were readily available, and there were a number of manufacturers capable of providing the required heavy process vessels, pumps, and other auxiliary equipment. While we have not done a survey of worldwide capabilities to perform similar tasks today, it is our belief that such capabilities are now in much shorter supply – a situation that will worsen dramatically with the advent of a worldwide crash program to build alternate fuels plants. We have therefore attempted to strike a balance between what we believe could be a somewhat slow startup of a worldwide coal liquefaction industry and a later speed up as experience is gained and new plants are built as essentially duplicates of previous plants.
The South Africans took three years to build one coal to liquid plant that produces 100,000 bpd. This was without worrying about permitting, with experts and construction personal on hand, and with expertise from just building a similar facility. Now to make up our shortfall of 1 billion barrels per year in the third year after peak oil we would need 28 similar facilities, just to keep liquid fuels at 2005 levels. Even with a crash effort could we complete a project of this magnitude?

Sure this is a simplistic example, there will be other sources of energy plus conservation to mitigate peak oil. But these other solutions face many of the same issues. Any solution we might use will take years to ramp up in a period where our economy will be damaged by very expensive energy costs. Hopefully this helps explain why peak oil people are so worried.
 
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You are talking about the late 70's. Technology is advancing at such a fast pace that there is not much comparison. Will it take time? Sure it will. Didn't they just find a reserve of oil in the gulf of mexico that is almost as large as the current us reserve? That just happened in 06. Technology is a wonderful thing and is making it possible to find oil where we once couldn't and make old wells more productive.

http://www.infowars.com/articles/science/oil_gulf_of_mexico_saturated_with_oil.htm
 
Saying technology, in general, will save us is a poor argument. Can you name some specific technology that we could spool up to replace our demand for liquid fuel in a few years?

If you read what I quoted it explains why, if we are lucky, it will take the same amount of time to build a CTL plant as it did in the late 70s. How many CTL plants do we have in the United States right now? I don't believe we have any, the only current project is a proposal up in Montana. How many CTL experts do we have available? In fact, could we assemble enough experienced people to build this many projects? Don't forget that experts will be in demand for many other similar ventures in the same time period. At least we will have the technology of the internet to search for technical people on monster.com. We are not even considering the other issues, such as permitting, environmental impact, and public opposition.

The ultra-deep drilling in the GOM. It is interesting that you cite an article from a conspiracy website the also purports that 9/11 was purposely executed by our government. Maybe you would like to use this BW article as a better reference.

Plenty of Oil - Just Drill Deeper
http://tinyurl.com/fjv8z

The drilling of ultra-deep wells is still a little beyond current technology. There are some challenges that need to be solved, such as how to anchor the rigs, how to deal with 20,000 psi oil, and how to bring the oil to market. I believe there are only a handful of ultra-deep rigs in existence, and these are designed to drill test wells, not production wells. To bring this oil online we would have to solve the technological problems, build the rigs, drill the wells, and build the infrastructure to deliver the oil to market. The optimists are saying 2013 before this will all happen.

Most peak oil optimists say that we should open everywhere for drilling, ultra-deep GOM, the OCS, Alaska, etc. However, it takes years to spool up these projects and we are already behind.
 
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Here are some numbers to consider. We consumed 7.593 billion barrels of crude oil in 2005. When peak oil hits the experts are looking at a decline rate of 3-7%. Taking the mid number, 5%, you are going to be short about 1 billion barrels per year in by the third year of the peak oil event.

Wiggums,
Since you read articles at the www.theoildrum.com blog have you learned anything about geologist Jeffrey Brown's (oil drum id: West Texas) Export Land Model?

It has actually been proven. It is also why the importers of oil are going to have to deal with instead of 5% declines something more like 10%.

The "Export Land Model" works like this:
Act like all the exporters of the world are one country. We'll call it Export Land.

This Export land produces 60 million barrels a day.
They export 40 mbd.
They consume internally 20 mbd.

--When the declines begin they will lose 5% per year from their production. So after one year their production drops from 60 to 57 mbd.
--Their internal consumption will continue to rise, especially since their economy is getting such an incredible boost because of the oil revenues, and consumption will climb like the exporters today are seeing at about 5% per year. So after year one their consumption has climbed from 20 to 21 mbd.
--End of year 1: Available oil to importers is down from 40 mbd to 36 mbd.
A loss of 10%!

--Year 2 production of Export Land down to 54.15 mbd
--Internal consumption of Export Land up to 22.05 mbd
--End of year 2: Available oil to importers down from 36 mbd to 32.1 mbd.
A loss of 10.8%!!!

I think I actually did a good job explaining that. Do you agree?

So because the Export Land model will probably be what happens to the world, we'll need more than DOUBLE (about 2.25 X) the 28 new coal to oil plants you came up with just to keep our energy level even!

We're not used to having level consumption, and level consumption alone is horrible for an economy.

Competition for these available exports will heat up tremendously between countries like the U.S. and China. This is why China is circling the globe to lock in long-term contracts.

Understanding the Export Land Model will make one understand that the problem will be even worse than they first thought.

A 10% decline rate for importers is scary as hell..........

The DOE Study didn't even consider the Export Land Model when they made their assumptions on future needs.

This is why I think war is the only answer. I think it's our present and future.

Still an optimist though! I have to be, I have a baby girl coming in June!! :)
Jet
 
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The World is Past Peak Oil

Peak Oil Date for Planet Earth:
All Liquids: the Peak is July 2006 at 85.47 mbd.

In my opinion, T. Boone Pickens, Matthew Simmons, Samson Bakhtiari, and most of the people of www.theoildrum.com the world is past peak oil and will never again rise above 85.47 mbd achieved last July.

This is because it is becoming more evident that Saudi Arabia is toast. They're done.

You have to look at this analysis from the oildrum blog of Saudi's production from 2006 which declined from January at 9.5 Million Barrels a day at to 8.7 at the end of the year.
MUST, MUST READ. Amazing analysis from the leading geologists on the peak oil study:
OIL DRUM BLOG ANALYSIS:
SAUDI ARABIA IS PAST THEIR PEAK OIL

Their decline was 8% for the year. It would have been 14% but Saudi Arabia increased their drilling rigs from 35 to 54 and started production from the Haradh III megaproject totaling 300,000 bpd which slowed decline in the middle of the year. Then production continued to fall.

The falls in production were linear and consistent throughout the year, except for the increase from Haradh.

Saudi Arabia's oil loss started 10 months before the "announced OPEC cuts" which occurred in November. The cut talks are to cover for the declines in many people's opinions.

No one will know for sure until the summer when the driving season heats up. It is becoming more and more evident that the many megaprojects to come online in the next few years from countries around the world will not be able to overcome the declines from existing oil fields, especially since Mexico is declining so fast as is Saudi Arabia.

My opinion: This news is too devastating for world financial markets to handle.
War with Iran will be what the oil price spike coming soon will be blamed on.

For national security reasons peak oil will not be acknowledged by the government because we can't let the American people or world know that one motive for our actions in the Middle East is oil.

It's official though. Peak Oil is past tense. We're living in a post-peak oil world now. We're still just barely past the plateau that occurred for two years, and the declines haven't caused shortages yet. If we had a cold winter, we would have had problems, but it was warm decreasing need for heating oil.

This summer though is going to be very, very interesting. If we don't invade Iran the news will be oil price spikes and declines in oil production from peak oil.

Our world is about to change, Go enjoy it now!!
Jet
 
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Matt Simmons:
Peak Oil Now, Oil Perhaps to $300

Watch this 5 minute Bloomberg interview with Matthew Simmons on Peak Oil:

A MUST WATCH:
http://www.youtube.com/watch?v=4IwtAQzrfiw

Matt Simmons was an adviser to Cheney during the Energy Policy Meetings. He is also chairman of the ASPO(Association for the Study of Peak Oil).

He is also a close Bush Family friend.

Jet
 
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I tend to believe in Sustainable oil. Peak oil is just a tool of big business to keep prices high and profits soaring. Oil is a renewable resource created by the earth. Now put that in your pipe and smoke it.

http://www.wnd.com/news/printer-friendly.asp?ARTICLE_ID=38645

I'm with you and the theory presented in the link you attached. I have a pretty good scientific background and I have long held a belief that the whole theory of decayed plant and animal matter did not quite stand up to the reality of what we have observed.
How else do you explain the depth of some of the known oil deposits? It is because there is a process by which old mother earth makes oil - just like it does diamonds and gold.
 
jetflyer, I do not agree nor disagree with any of your posts on this forum. I also do not agree nor disagree with any of the propanganda you post. My question to you is this. Why are you so concerned? Do you have a large amount of cash invested in the oil industry that you want to cash in on? Do you believe that you can cash in on some other way if this ******************** you spew is true? If so, I don't blame you for posting it. Otherwise if you are a "the sky is falling" kind of guy, just go shoot yourself now and save all the rest of us from your misery. Honestly, even if oil quit pumping tomorrow, our economy might halt, everything you own might become worthless, (it probably already is) however it probably wont kill you so who gives a ********************.

Bake
 
Bake,

Until the last few weeks I thought peak oil was still a couple years off. Now I think it has already passed and the "Long Emergency" is just beginning.

The problem of peak oil has the potential to send us deep into a great depression way worse than than what happen in the 1930's. So yes I'm scared and don't want that to happen if it doesn't have to.

I saw this scary thing (peak oil) two years ago and like other peak oiler believers have been screaming from rooftops telling congressmen and everyone that would listen so that we could do the preemptive steps necessary to avert this crisis.

Now, I still hope our leaders will do what is necessary so we can avert this crisis as much as possible. The more we do TODAY the easier tomorrow will be for our society. The inaction is astounding and frightening.

There is a lot that needs to be done. There are a lot of things that are being done that are retarded and need to be stopped. Example: Corn from ethanol. It needs to be done through cellulosic ways or get ethanol from other sources, but the lobbyists rule Washington.

Also I want to help people.

This is mostly going to be a financial problem for everyone. If I can help one person save some of their finances then I feel so good. I hope you everyone that listens to me has put some of their money in energy or precious metal stocks or mutual funds.

We can all profit from this in some ways or atleast protect some of our money.

I also might encourage one person to get the more fuel efficient Prius than the sports car.

Maybe someone will choose to get solar panels on their home like Bush and Cheney have.

We all have to try to make a difference in this world.

I'm not trying to scare people. I'm trying to help people.

Knowledge is Power. Do you think you're better off not knowing?


Jet
 
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Bake,

I also am a believer that word of mouth can make a difference.

If I tell 200 people and they each tell 2 and then those 2 tell 2, then possibly thousands of people may find out about peak oil from me indirectly.

A lot of those individuals may save their retirements because of me.

Also, eventually enough of the right people may find out indirectly from me, like say the President of Delta. Maybe the President of Delta will get a lot more fuel hedges because of me and thousands of people will one day save their jobs.

I believe I can make a difference. I hope I can.

Jet
 
jetflyer, I do not agree nor disagree with any of your posts on this forum. I also do not agree nor disagree with any of the propanganda you post. My question to you is this. Why are you so concerned? Do you have a large amount of cash invested in the oil industry that you want to cash in on? Do you believe that you can cash in on some other way if this ******************** you spew is true? If so, I don't blame you for posting it. Otherwise if you are a "the sky is falling" kind of guy, just go shoot yourself now and save all the rest of us from your misery. Honestly, even if oil quit pumping tomorrow, our economy might halt, everything you own might become worthless, (it probably already is) however it probably wont kill you so who gives a ********************.

Bake


Hey Bake, didn't you see this guys posts a while back about the "9/11 Mysteries"? This guy knows it all. ;)
 
Yeah, but who killed ANS?
 
Jetflyer, First of all you are a dumbass. Now that we have that part of the equation figured out the rest of it is simple.

What good is your prius going to do.??? Are you going to drive that to your jet job??? Who cares what kind of money people have in their "mutual funds" "gold stocks", or "oil investement trusts".. Don't you see (of course not because you are a dumbass). NOne of this matters. YOur life depends on food and water not oil and mutual funds. Shelter comes in a close third.. None of these things are hard to find, even without oil. Get over it dip******************** you are not going to die if the oil is gone. You have been watching too much Mad Max.
 
From: http://www.technologyreview.com/Energy/18173/

Ethanol Demand Threatens Food Prices
-Rising corn prices are already affecting everything from the cost of tortillas in Mexico City to the cost of producing eggs in the United States.

...The recent rise in corn prices--almost 70 percent in the past six months--caused by the increased demand for ethanol biofuel has come much sooner than many agriculture economists had expected.....

...The jump in corn prices is already affecting the cost of food......

...The impact of this is being felt first in animal feed, particularly poultry and pork. Poultry feed is about two-thirds corn; as a result, the cost to produce poultry--both meat and eggs--has already risen about 15 percent due to corn prices, says Tyner. Also expect corn syrup--used in soft drinks--to get more expensive, he says.....

It's going to be our choice in the future.

We can eat or drive...

Hydrocarbons or Carbohydrates. Both have carbon and hydrogen.

With peak oil, not only will fertilizers and pesticides from fossil fuels be in short supply to make the food, but we'll have to decide through the power of PRICE whether we'll use that food to eat or drive with.

Many people are going to be very hungry because they can't afford enough food in the future.

It's also hard to put food on the table at all if you don't have a job because the economy has retracted so much because of peak oil.

So yes a lack of oil is going to make food less plentiful and affordable for human consumption Bake.

Hope you learned something!
Jet
 
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That artical is speculation at best. If this were the case it would be national news on the front page of every paper and the headline of every media outlet. You mean to tell me some little reporter from Atlanta is the only one to have picked up on this?


Do you honestly believe the American media is still a free-thinking entity? A few bucks here, a kids education there, and honest, legitimate journalism is non-existent. How many stories have been squashed by the military with nothing more than the threat of pulling the mdeia out of there embedded positions? It's all fluff and warm fuzzies, to keep the ignorant American population from realizing what's going on and the ramifications of events they don't understand.

Disclaimer: there is still good journalism out there, but it's no longer going to be found at the big media outlets.
 
T-Bags,

I read people talking about this article and how it was bogus at www.theoildrum.com and I thought it wasn't that big of a deal. But because you referred to it, I read it. This article did amaze me. This is a total hit-piece on the peak oil movement referring to something that has been used widely for decades to distract away from the fact that peak oil has already been passed.

What's new about what's going on with enhanced oil recovery techniques!?
This has been used since the 1950's.
This is talked about in depth in the U.S. DOE Study as a matter of fact.

I don't want to burst your bubble of hope, but enhanced oil recovery techniques are nothing new and have been going on forever.

In the Red Sea, Australia, Mexico's Cantarell and Saudi Arabia's Ghawar these techniques were used at the first sign of pressure decline in the fields. They didn't let the production decline before using them. A lot of current giant fields use these methods right away.

Mexico's Cantarell field used nitrogen injection for so long to keep the field alive that when you reach the end the declines are enormously large. This is what is feared to be going on in Ghawar as well. Cantarell's production lost 500kbd last year alone still using the EOR techniques.

Enhanced Oil Recover techniques include field flooding with steam, water, carbon dioxide, natural gas, nitrogen etc. These will increase internal pressure and force the oil out.

Also you can have multilateral wells that have many openings extending in each direction to get more oil.

You can also have horizontal drilling to get into the small pockets of oil that were first missed through conventional drilling.

Combined in 2006 Mexico lost 500,000 bpd and Saudi Arabia lost 800,000bpd. That is a total of 1,300,000 bpd lost from those two countries alone that used EOR techniques!

That doesn't count the other 33 major oil producing countries in decline like the United States. Even with these Enhanced Oil Recovery Techniques, last year U.S. production continued to decline and oil drilling reached record highs. This is in the most advanced country in the world.

T-Bags I pray as much as you that something new comes along that can save us, but unfortunately I'm afraid old wells won't be it. They will slow the decline, but the decline will be a freight train that like the U.S. DOE says won't be able to be stopped unless you started alternatives 10 years ahead of time.

From the DOE STUDY on page 40 discussing Enhanced Oil Recovery Techniques:

Improved Oil Recovery (IOR) is used to varying degrees on all oil reservoirs.
IOR encompasses a variety of methods to increase oil production and to expand
the volume of recoverable oil from reservoirs. Options include in-fill drilling,
hydraulic fracturing, horizontal drilling, advanced reservoir characterization,
enhanced oil recovery (EOR), and a myriad of other methods that can increase
the flow and recovery of liquid hydrocarbons. IOR can also include many
seemingly mundane efficiencies introduced in daily operations.

IOR technologies are adapted on a case-by-case basis. It is not possible to
estimate what IOR techniques or processes might be applied to a specific
reservoir without having detailed knowledge of that reservoir. Such knowledge is
rarely in the public domain for the large conventional oil reservoirs in the world; if
it were, then a more accurate estimate of the timing of world oil peaking would be
possible.

A particularly notable opportunity to increase production from existing oil
reservoirs is the use of enhanced oil recovery technology (EOR), also known as tertiary recovery. EOR is usually initiated after primary and secondary recovery have provided most of what they can provide. Primary production is the process by which oil naturally flows to the surface because oil is under pressure
underground. Secondary recovery involves the injection of water into a reservoir
to force additional oil to the surface.

EOR has been practiced since the 1950s in various conventional oil reservoirs,
particularly in the United States. The process that likely has the largest
worldwide potential is miscible flooding wherein carbon dioxide (CO2), nitrogen or
light hydrocarbons are injected into oil reservoirs where they act as solvents to
move residual oil. Of the three options, CO2 flooding has proven to be the most
frequently useful. Indeed, naturally occurring, geologically sourced CO2 has
been produced in Colorado and shipped via pipeline to west Texas and New
Mexico for decades for EOR. CO2 flooding can increase oil recovery by 7-15
percent of original oil in place (OOIP).Because EOR is relatively expensive, it
has not been widely deployed in the past. However, in a world dealing with peak
conventional oil production and higher oil prices, it has significant potential.

Because of various cost considerations, enhanced oil recovery processes are
typically not applied to a conventional oil reservoir until after oil production has
peaked. Therefore, EOR is not likely to increase reservoir peak production.
However, EOR can increase total recoverable conventional oil, and production
from the reservoirs to which it is applied does not decline as rapidly as would
otherwise be the case. This concept is notionally shown in Figure IV-1.
LOOK AT PAGE 40 for the figure.


So yes T-Bags it will make a difference, but this has been going on since the 1950's. Also with oil prices being so high these last couple years it has been used widely in the U.S. Other countries of the world are doing it as well, but it never brings fields that have already peaked to higher levels.

Expanding Enhanced Oil Recovery techniques is like all the other alternatives. It is probably one of the most significant but just one of the bunch.

Dumba$s Luddite out...........
Jet
 
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