Receive Wealth Daily's Report Gold and Silver Mining Stocks, For Free Today!
Wealth Daily FacebookWealth Daily TwitterWealth Daily Google Plus

Peak Oil is a Myth

The truth is revealed...

By Ian Cooper
Tuesday, September 6th, 2011

“According to World Public Opinion website, 85% of the British and 76% of the Americans who participated in a survey believed that the world is running out of oil,” says an anonymously authored OilVoice article.

That's just about the dumbest thing I've ever read. 

It's so nice that the article manages to ignore all the facts about new discoveries, too... the costs involved... the time factor... quality of the find... and the location.

By why let facts get in the way, right?

Peak oil has nothing to do with running out of oil. Peak oil refers to the flow rates. It refers to the fact that the “easy to get to” oil is gone. It's the “hard to reach” oil that we now have to go after.

Why do you think BP was drilling so deep in the Gulf? Because they felt like it?

I understand why people won't listen to peak oil theories. They're skeptical of radical schools of thought, opting instead to listen to "experts" who say everything is okay, that oil will keep flowing for decades to come.

But it simply isn't so.

Peak oil does not mean the world is running out of oil; it means we’ve peaked as far as finding cheap oil supply. And we don’t believe the world will just “eventually” run out of cheap oil in 10 to 12 years. It’s already happening.

Peak oil critics don't fully grasp the concept of peak oil is —which is also a common problem among the public. People are confusing peak oil with oil running out in the world.

That’s not what's happening here...

The United States has already reached its peak oil date. In fact most oil producing countries have reached their production peaks — and the good ole days of discovering easily accessible, conventional crude are behind us

Sure, there’s oil in the tar sands in Canada, and heavy oil and oil shale in the world — but it’s pricey and, more oft than not, difficult to get to.

The era of cheap oil really is over... done... kaput.

Every barrel that will come to market will be much more difficult to produce, and therefore much more expensive. Just ask U.S. oil experts, Germany, England — they are all fearful of this fact. Ask respected analyst Charles Maxwell.

Ask Chris DeHaemer, or any of the editors at Wealth Daily and Energy and Capital who have researched this issue for countless years... even published a well read book on peak oil.

The world is running out of oil... come on. That's the dumbest thing any one has ever said.


Media / Interview Requests? Click Here.