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Saturday, April 1, 2017

gak! more peak oil


GAK! MORE PEAK OIL
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Yep, that’s right my loyal minions.  You all act like you hate it but you keep coming back for more on Peak Oil.  Gore Warming, climate change, weather weirding?  A piece of cake compared to Peak Oil.  If we had plenty of oil we could continue to ignore weather change and overpopulation just as we have done for several generations.  So Peak Oil is more the chicken to climate upheaval’s egg, panic-wise.  Will you panic?  Last I checked, no.  You read my screeching drivel and grin before heading to your imported fuel powered SUV to drive down to the market for a German beer and a fried chicken bucket prepared in palm oil, on your day off from working a job dependent on importing Chinese manufactured goods sent three thousand miles away to customers whose jobs in the financial industry depend on the continued reign of the PetroDollar which is a monopoly guaranteed by a high tech military powered by Asian microchips and House Of Saud oil.  Why in the name of all that is holy and just should you worry?

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Speaking of Saudi Arabia, let’s start there.  Their state oil company is talking about an IPO, taking the company public to raise money.  Now, let’s look at this rationally.  The country rightfully and with plenty of justification from a nationalistic view, stole the company from under the control of western oil interests.  They then guarded all information pertaining to reserves ( the real reserves, not the inflated numbers the public gets ) so that ten years ago Matthew Simmons in his book had to play detective to try a best guess research attempt at the true state of Saudi oil supply.  Which, by the way, didn’t look pretty at all over ten years ago.  A decade ago a good portion of the global supply of drilling equipment was being used by the Saudi’s to frantically ramp up production off shore, a clear indicator their super huge elephant field in use for over forty years and seeing a 90% + rate of saltwater injection to maintain pressure was in serious trouble.  Now you have them decrease production in times of high or low prices and if you’re smart you know to discount the official excuses.  During high prices they claim they want to stabilize the market and in times of low prices suddenly they are supposed to be trying to sink the US fracking industry?  Come On!  Decreased production is ongoing regardless of supply and demand.  The attempt to cash out their cash cow is a last desperate gasp at survival.  We might not even need to see the PetroDollar standard crash before Saudi oil ceases to be significant.

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And that is not even factoring in domestic demand which is skyrocketing due to overpopulation, the need for food imports and their overtures to both the Russians and Chinese which obviously were rejected, and not just to avoid military confrontation with us but perhaps also their far better grasp on the reserve situation than Americans have.  Saudi production is around seven million barrels a day, far below their regular nine and barely over half of their emergency production of yore when twelve was achieved for short periods.  Russia is also seeing slight decreases, but they are not that dependent on sales from oil as they were during their immediate post Soviet days.  They have oil trade with China and that handles the items they lack domestically.  The sole point here is that the number one producer globally doesn’t need to export to anyone else, especially not us if they choose ( and you thought last of Mosin-Nagant ammo was the worst of the responses to Obammy’s Ukrainian adventures? ) and can weather the downwards spiral far better than we can ( and with the Russian partnership, China can also.  They need our Treasury bonds as much as they need a rectal wart ).

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Remember Mexico?  They used to be our number one or two oil supplier.  Not anymore.  For ten years their production has decreased at an annual average of 3.5%.  To the point now they are near bankruptcy for the national oil company ( no profits since 2012-it isn’t just recent events ).  Not to mention the country is barely functioning ( my analysis is that the US allows the drug cartels free reign as that is the only group governing the northern section of the country.  In effect, out of control crime near the border as a lesser evil of complete anarchy and a far worse threat to us ).  When their oil production started to drop we stopped bribing them with cheap corn and turned it into domestic fuel.  That caused all the follow on events.  And don’t forget the same corn export decrease that also caused the Arab Spring, taking out oil production in several areas due to war and revolution.  But all that?  That was just VOLUME decrease.  Remember that pesky EROI factor?  The decrease in the net energy globally?

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In the 1990’s, EROI globally was 30:1 and in a mere ten years had declined to 18 to 1.  In the US we declined in a shallower arc, 1970 was 25:1 ( down from 100:1 forty years previous ) and in 2007 it was 10:1.  And that was ten years ago.  Care to guess how low it is now?  Since our number one fuel exporter is Canada, and that is mostly tar sands, and those get 4:1 EROI, perhaps you can do the math on that.  And EROI is actually the good news. Believe it or not.  We are not running out of oil as was previously assumed.  We are just getting far worse net oil.  It could be worse.  The volume could be far lower.  So far, as bad as our economy has gotten due to contracting energy yield, it is akin to going from 112 octane gasoline to 87.  So far, we just retooled cars to run on less energy intense fuels ( ethanol is even worse, and that is ten percent of a gallon ).  So far.  You can’t do that indefinitely.  Just as you can’t run a First World nation on less and less energy yielding fuels forever ( we’ll continue the polite fiction for now that we are still a First World nation ).  The destination is set in stone and only the timing is debatable.  I know I’m a bit of a professional worrier, but if I were you I’d start to panic.

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14 comments:

  1. Off topic (sorry), but Henry just announced a new line of high-quality single shot shotguns and rifles designed for equal ease of use left or right handed. They have extractors only, not ejectors (which are the most breakage-prone part on the single shots supposedly). Too bad they don't have one in .357/38. They'll be shipping May 2017. I saw someone announcing a pre-availability sale price of $365 (steel frame). They also have them in brass frames. The brass is heavier and more expensive and I've been told the brass frames will start to stretch after numerous high-pressure rounds.
    Peace out

    ReplyDelete
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    1. No problem being off topic. If you don't post at the current article few will see it. I suppose I'm too cheap to understand a single shot going for more than $300 tops.

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    2. Will the single shot rifles have iron sights?

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    3. https://www.henryusa.com/rifles/single-shot-rifle/

      Iron sights, drilled and tapped for a scope base.
      Peace out

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    4. Yes that price is a bit steep, given the Axis (repeating bolt-action rifle) was available @ $329 last time I pôsted about it.

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    5. The Savage Axis doesn't come with iron sights. For me that's a deal breaker considering what we are looking for in a firearm.

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    6. That price and no sites? Yeh, almost criminal.

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    7. The Henry rifles on the site claim adjustable rear leaf sight but $400+. Ouch! .308Win because Uncle has medium MG's that use that brass and bullets are widely available in what ever you want (from 10 grain plastic to 200+ grain). Piles of pick-up if you find any.

      If there was no external supply, I would use a .243 for the more-flat shooting with iron sights. Peep upgrade mandatory, imho.

      Multi-generational weapon would be a black-powder-compatible cartridge like .45-70 gov. Stock freaky deep, 'cause no one else is stocking for you.

      Single Shot Rifle .308 Win
      Model Number H015-308
      Action Type Single Shot
      Caliber .308 Win
      Capacity Single Shot
      Length 37.5"
      Barrel Length 22" round
      Length of Pull 14"
      Rate of Twist 1:10
      Weight 6.94 lbs.
      Stock Pistol Grip American Walnut with rubber buttpad
      Sights Fully adjustable folding leaf rear sight, and brassed beaded front sight. Drilled and tapped for a Weaver 82 mount.
      M.S.R. Price $427.00

      pdxr13

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    8. But, is Henry a good company? Product overpriced, or a quality product?

      Delete
  2. Your fuel is 112 octane?

    Ours is 98 (very expensive)
    95 ( mid range but what I use)
    91 "acceptable "

    85 - yes 85 can be bought. Why anyone would is beyond me.

    Also the govt really push the ethanol blend. It's not popular at all. If the govt want to assure the public it's ok then just mandate all gov cars to use it

    ReplyDelete
    Replies
    1. The octane was from a long time ago to illustrate falling standards. I might be off a few, I was going by memory. Our low now is, I believe, 83. And all has ethanol by law.

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  3. Exactly, I remember 100 octane available in the 80s even , not now anywhere

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    Replies
    1. Actually, it's still around but as you noted it's not as commonly available as it once was. You can still get 100 octane low lead aviation gasoline at your local airport, but you'll end up paying between $4 and $7 a gallon for it (http://www.airnav.com/fuel/local.html). Not sure it's legal to use in cars, or wise if you have a catalytic converter. You can also get racing fuel up to 120 octane assuming you can afford the $8.50 per gallon being charged the last time I looked.

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  4. In 88' I was getting 101 octane at the Sunoco station in California, Plus you could still get leaded gas for .74 a gal. Believe it or not. I was using it in my 67' Camaro, ;)

    ReplyDelete

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