Peak Oil Wikileaks

ziggy12345 · Post by **ziggy12345** » 16 Feb 2011, 07:04

"In fact the US consulate staff who approached me socially stated that Saudi Aramco's published proven reserves should be more than tripled to include non-producible oil and oil that has not even been discovered

These guys know what they are talking about then....not

Aurora · Post by **Aurora** » 26 Feb 2011, 05:55

New York Times - 24/02/11

AS WikiLeaks’s trove of diplomatic dispatches continues to trickle out, one recent release has caused quite a stir: a cable from an American diplomat who said he was told by a Saudi oil executive that both official estimates of Saudi oil reserves and their ability to meet global demand in the long run have been vastly exaggerated. In turn, many proponents of “peak oil” theory, the idea that the global rate of oil production has entered a terminal decline, have insisted that the cable confirms their view on resource scarcity.

Actually, it does nothing of the sort. The Saudi executive, Sadad al-Husseini, a former head of exploration for the Saudi oil monopoly Aramco, has been making such claims for years. Finding them repeated in a confidential cable is news only to those unfamiliar with the field.

Article continues ...

emordnilap · Post by **emordnilap** » 28 Feb 2011, 12:45

"In fact the US consulate staff who approached me socially stated that Saudi Aramco's published proven reserves should be more than tripled to include non-producible oil and oil that has not even been discovered

Excellent. A rule to apply to intelligence, money, sexual prowess...

ziggy12345 · Post by **ziggy12345** » 28 Feb 2011, 16:17

But we should not let a false panic over disappearing oil reserves lead to rushed government investments in “technologies of the future” that, all too often, end up only wasting taxpayer money.

Like Solar, Wind, Tidal, Hydrogen, Bio Fuels, etc...

Except nuclear[/quote]

Prono 007 · Post by **Prono 007** » 01 Mar 2011, 21:31

I thought the last paragraph by Jeremy Leggert was a bit of an understatement:

Jeremy Leggett, convenor of the UK Industry Taskforce on Peak Oil and Energy Security, said: "We are asleep at the wheel here: choosing to ignore a threat to the global economy that is quite as bad as the credit crunch, quite possibly worse."

Well if it's only as bad as the credit crunch most people are not going to be that concerned about peak oil.

Lord Beria3 · Post by **Lord Beria3** » 01 Mar 2011, 22:18

You can't print oil mate like money...