|
Oil Bomb Fuse Is Lit
By
Neal Horsley
(Christian Gallery News Service, August 22, 2004) Hidden beneath the daily parade of
international news stories about the price of crude oil is another story that must be
told. It is a story about deceit among
the oil rich nations of this world, deceit that has set the world up for a calamity of Biblical proportions. Specifically, the deceit involves false information about the world’s
oil reserves. When the world wakes up
and realizes that every bit of
information about oil reserves cannot be trusted and that the world is in
imminent danger of serious oil supply disruptions, the repercussions of the
oil reserve lies will transform every nation on earth and will open the door
for Satan to usher in the One World Government we have heard so much about.
I understand that is a mind-boggling forecast. But we should not be surprised that such a
world changing calamity is on the horizon.
If we had thought seriously--as I have been trying to get the world to
do for the past twenty years--about what the Apostle Paul told us in Romans
1, we would have known that something like this time of judgment had to befall this generation all over the world if God was to
be proven True. For not since the
Great Flood has there been such a similar time of haughtiness and general bold and mocking rebellion
against the One, True God.
18For the wrath of God is revealed from heaven against all ungodliness and
unrighteousness of men, who hold the truth in unrighteousness; 19Because
that which may be known of God is manifest in them; for God hath showed it unto them. 20For the
invisible things of him from the creation of the world are clearly seen,
being understood by the things that are made, even his eternal power and Godhead; so that they are without excuse: 21Because
that, when they knew God, they glorified him not as God, neither were thankful; but became vain in
their imaginations, and their foolish heart was darkened. 22Professing
themselves to be wise, they became fools, 23And changed the glory
of the uncorruptible God into an image made like to corruptible man, and to
birds, and fourfooted beasts, and creeping things. 24Wherefore God
also gave them up to uncleanness through the lusts of their own
hearts, to dishonour their own bodies between themselves: 25Who
changed the truth of God into a lie, and worshipped and served the creature
more than the Creator, who is blessed for ever. Amen. 26For this
cause God gave them up unto vile affections: for even their women did change
the natural use into that which is against nature: 27And likewise also the men, leaving the natural use of the woman, burned in
their lust one toward another; men with men working that which is unseemly,
and receiving in themselves that recompense of their error which was meet. 28And
even as they did not like to retain God in their knowledge, God gave them over to a reprobate mind, to do those things
which are not convenient; 29Being filled with all unrighteousness, fornication,
wickedness, covetousness, maliciousness; full of envy, murder, debate, deceit, malignity; whisperers, 30Backbiters,
haters of God, despiteful, proud, boasters, inventors of evil things,
disobedient to parents, 31Without understanding, covenantbreakers,
without natural affection, implacable, unmerciful: 32Who knowing the
judgment of God, that they which commit such things are worthy of death, not
only do the same, but have pleasure in them that do them. Romans 1:18-32
All
we have to do is look at the world around us today and we can see that every
nation on earth--chief among them the United States of America--has refused to obey the Laws of the God defined in Holy
Scripture. Instead of worshipping God
by honoring His Law, all the governments of the world have turned against Him
and His Law. Replacing the worship of
God with the worship of the will of the majority, replacing obedience to the
laws of God with obedience to the
“laws of humanity,” the nations of
the world have taunted God, mocked God, and left Him no option but to show
the world what happens when the world refuses to obey The Creator of the
universe.
The
response of most Christians has consisted of gathering together into their
houses of worship and there entering into self-serving and deceitful mirages
of worship grunting out the name of Jesus while utterly ignoring what the
Lord Jesus Christ taught about His priorities.
So let us gaze upon the coming harvest of the grapes of Wrath
we the people have sown.
THE
RESOURCE WARS HAVE BEGUN WITH IRAQ
With
the end of the Cold War, during which divisions were created and alliances formed along ideological lines (Communist vs. Christian
or Communist vs. Capitalist), economic competition now determines international relations. We have entered the
“Secular” age. Where before ideas
about God were the driving forces in human and international affairs, God is now effectively
dead to most of the institutional powers in the modern age and
another driving force has emerged as the catalyst for globe-shaping
change. (Admittedly, there are ragtag
terrorist bands scattered across the planet claiming to be trying to defend
the Law of God, but they are presently only a minor annoyance to the
advancing secular age.) Raw, brute self-interest, clothed with whatever
remains of the tattered and blood-stained rags of reason, is now the engine
that drives the “Secular” age which in turn drives human affairs.
As
the world's natural resources--oil, timber, minerals, water, food—begin to diminish
or even disappear, competition for ownership or access to such important
economic assets has intensified.
Take
oil for example. About four-fifths of the world's known oil reserves lie in politically unstable or
contested regions similar to Iraq. According to international security expert Michael T.
Klare, professor of peace and security at Hampshire College, Massachusetts: "We are entering an era
of resource war." Klare, author of Resource
Wars: The New Landscape of Global Conflict, writes: "The pressure on
global petroleum supplies is likely to
prove especially severe. The production of petroleum products is not likely to
keep pace with soaring demand; periodic shortages will occur more and more
often."
The period described by Klare is
happening before your eyes if you will see it. The present Iraqi War is proof
positive. But to see it you will have
to look harder than usual because the information you are receiving from your
“trusted” authorities cannot be trusted.
To understand the Iraqi War you
first must understand clearly that all the information you have
received about “proven oil reserves” is bogus. When you finally see the real crisis this world faces over
oil, you will understand why the Iraqi War will be seen by history as the
first in a string of Resource Wars.
So let me put the facts in
perspective.
US
GOVERNMENT ADMITS OIL RESERVE INFORMATION CANNOT BE TRUSTED
The “Energy Information
Administration” (web site at http://www.eia.doe.gov/) tells us that it
provides the “Official Energy Statistics from the U.S. government.” That makes it the place to go for the scoop
on oil, right? Wrong. The federal government agency responsible
for disseminating the “official” information about oil reserves
issues the following disclaimer:
|
Important
Note on Sources of Reserve Estimates
Reserve estimates for crude oil and natural gas are very difficult
to develop. As a convenience to the
public, EIA makes available these crude oil and natural gas reserve estimates
from other sources, but it does not certify these data. Please carefully note the sources of the data when using
and citing estimates of crude oil and natural gas reserves.
|
The point raised is obvious: If the federal government of the USA cannot “certify” the
information provided about oil reserves, who in the world can do so?
Charts like the one below are provided by every oil
company and oil agency on the planet.
How do we know the chart tells the truth?
JANE’S SAYS WORLD OIL CRISIS LOOMS
Jane’s Information Group is a good place to start trying
to put together the geo-theological-political puzzle that is the world
today. Founded in 1898,
Jane’s has long been at the forefront of those who provide intelligence and
analysis
on national and
international
defense, security and risk developments. Jane’s delivers intelligence
acquired by an unique worldwide network of independent analysts.
Governments, militaries, business leaders and academics in over 180 countries
rely on Jane’s providing timely and insightful information on threat and
security issues.
On 21 April, 2004,
Jane’s announced, ”World
oil crisis looms.”
Jane’s explained why the
crisis was coming. “The oil industry has been gripped by scandal since Royal Dutch/Shell twice this year downgraded its proven oil reserves by 20
per cent, or
nearly 4bn barrels. Shell may not be alone…Other companies and even governments have hyped up the estimates of
how much oil they have, which is a vital factor in measuring
their economic health. If
exaggeration proves to be widespread, it would have an immense impact on the Middle East, whose economic weight is almost totally dependent on oil and natural gas…Geologists and analysts have been saying for some time that estimates of global oil reserves may be
dangerously exaggerated. If you take oil prices currently at around US$37 a barrel, the
highest for nearly 15 years, US petrol prices at record levels and you add terrorist attacks and diminishing
supplies, you have a recipe for inflation and economic slowdown. The question of reserves becomes a much
more important factor.”
Jane’s concluded, “As the world's natural resources shrink and global warming changes the environment,
competition for unimpeded access to them has intensified and will continue to
do so. About four-fifths of the
world's known oil reserves lie in politically unstable or
contested regions.”
[Empasis mine].
STATEMENTS ABOUT OIL
REVERVES ARE DOUBLE-TALK, NONSENSE OR GOOBLEDYGOOK
Jane’s says, “…statements of
global oil
reserves may be dangerously exaggerated.”
Actually,
as the facts below will demonstrate, statements about “global oil
reserves” are literally
unproven nonsense.
Take a look at the language
used by the Responsible Authorities on Planet Earth to describe oil reserves. Anytime you find that Ruling Authorities
must employ absolutely incomprehensible language, language that uses such
twisted and inbred concepts as Reserves, Proven Reserves, Final
Proven Recoverable Reserves, Unproven Reserves, Possible Reserves, Probable
Reserves, and, last but not least, Hypothetical
Resources, you really
must be prepared to have the clothes taken off your body and be sexually
abused without even so much as the hint of foreplay. *See Chart At End of Article For the Complete
Glossary of Oil Reserve Terms.
Think
for a moment about the concept called “unproven reserves.” We all know “proven reserves” would
consist of oil that has been “proven” to lie in a pool somewhere on
earth. But what, you ask, is the
difference between proven reserves and unproven reserves? Professor Andrew Ford, head of the Program in Environmental Science and Regional Planning at Washington State University amplified the definitions given
in the chart above, “Proven reserves refers to previously discovered gas [or
oil] that is available for production. Unproven reserves is a larger, more
speculative quantity. It stands for total resources that might be
discovered in the future.”
Say
what?!
“…unproven
reserves…might be discovered in the future…?”
That
concept called “might” could logically include any number. We “might” discover an infinite amount of
oil, but all the facts demonstrate the earth has been investigated for over a
century with ever more sensitive technology and the idea that there is a huge
amount of “unproven reserves” is presently impossible to support.
Okay,
so we toss out the concept called “unproven reserves”. What about “proven reserves?” How do we know the actual amount of oil on planet earth?
WHO’S
GUARDING THE STORE FOR US? WHO’S
MAKING SURE OIL RESERVE FIGURES ARE ACCURATE?
Two guys who work for the Security and Exchange
Commission (SEC) are the only employees we the people have on our payroll who
have a job description that reads: “Make sure the proven oil reserve figures
are accurate.”
In a 3/12/2004 Wall Street Journal article entitled, “Tiny SEC Staff Monitors Data on Oil
Reserves” by Michael Schroeder, we are told, “Hundreds
of lawyers and accountants at the Securities and Exchange Commission scour
company annual reports to make sure the numbers add up. But
when it comes to double-checking the oil and natural-gas
reserves claimed by oil companies in their filings, the job is left to just
two staff petroleum engineers.”
That’s right. The single,
foundational fact upon which the entire economic edifice called the USA depends—its oil lifeline--is verified, validated
and certified by two guys at the SEC!
The WSJ article explained
more about the two guys holding the world’s oil owners accountable, “Because
of their expertise, the two men are key participants in the SEC's
investigation into whether Royal
Dutch/Shell Group may have intentionally
inflated the reserves it reported in recent annual reports.
The probe follows Royal Dutch Shell's admission in January that it overstated its
reserves by 20% -- the equivalent of 3.9 billion barrels…For years, producers and regulators
have debated how best to determine what should be classified as
"proven" oil and natural-gas
reserves: deposits with "reasonable certainty" that can be expected
to be produced. Oil companies gripe that regulators continue to use a
standard set 25 years ago to determine reserves without taking into
consideration three-dimensional seismic data and other new technologies…Since they joined the
SEC in 1999, petroleum engineers Ronald Winfrey
and James Murphy have bluntly argued in public forums that the industry's
reliance on new technologies had caused many reserve write-downs over the
past few years. "Prove it to us or take it out," Mr. Murphy barked
at a Society of Petroleum Evaluation Engineers Forum in October. "Investors do not believe the reserve numbers anyway," he added…Despite the combative nature of their jobs, the two engineers
generally are respected by the industry. "They do a credible job
but are constrained by the rules," said Charles Gleeson, president of
the engineers society and head of a small
engineering firm in Midland, Texas,” the article concluded.
At least private oil
companies have two guys at the SEC validating
their oil reserve information…
NOBODY VALIDATES OIL RESERVE
INFORMATION PUT OUT BY NATIONS
Those two guys at the SEC
have no power or authority to verify the oil reserve figures put out by
nations that do not allow private industry to own oil.
In those nations (which control about 90% of the oil on earth) NOBODY can know with certainty
whether the oil reserves reported can be trusted.
Why? The methods used to determine the size of
their oil reserves are closely guarded national secrets.
THE VERY INFORMATION THAT OIL
RICH NATIONS WOULD BE TEMPTED TO LIE ABOUT IS NOT REQUIRED TO BE PROVEN
Few
facts on earth are more important than the amount of oil available to the
world. Yet information about oil that
is provided by national governments is presently impossible to verify. And nations have even more reasons to lie
about reserves than private companies.
The
SEC monitors publicly traded oil companies because those publicly traded
companies have many reasons to exaggerate their “proven reserves.” The net worth of an oil company is figured
exactly the way a gold mining company is figured: by calculating how much oil it owns
that has not yet been sold on the market. “Proven reserves” is the calculation that, more than any
other, determines how much money the stock in a publicly traded company like
Exxon, etc. would reasonably be worth.
Is it any wonder that Royal Dutch Shell’s officers and
engineers were tempted to totally distort the proven reserves
they had available?
Nations
who do not allow their oil to be owned by publicly traded companies or as in the
case of Russia, nations that theoretically allow their oil to be publicly
traded but actually are in the process of nationalizing their oil, those nations
have reasons to exaggerate their “proven reserves” exactly like private
companies. But unlike private
companies which at least have the two overworked guys at the SEC glancing in
their direction, nations can declare all the facts about their oil
reserves to be “State Secrets” and simply tell the world whatever they think
the world should hear.
This
has to be seen to be most dangerous to the long term well being of
humanity. Why? The governments of oil-producing states
have even more incentive to lie about their reserves than publicly traded
companies. If the world thinks a
government, say like Saudi Arabia, has 30% of the known reserves of oil on
earth, the world will bow when it comes calling…unless, of course, the
world comes calling with a gun in its hand.
Generally speaking, though, the more
oil a nation can claim, the more influence they will have on the energy market and the more influence they
will have on other world affairs as well.
Their oil becomes a bargaining chip that allows them access to every table on
earth where important matters of State are being negotiated.
FOR
DECADES THE OIL RESERVE FIGURES HAVE BEEN BOGUS
Examine
the chart below and you can see for yourself why no reasonably well informed
person can trust the “proven oil reserve” information they receive. To keep the chart simple, only five nations
are considered but a complete chart would include most of the oil producing
nations, including the USA.
In the chart, the red boldface numbers with a question mark are considered spurious reserve
claims.
Examine the numbers and you can see for yourself why the
numbers are suspect. In Iraq, the “proven reserves” nearly
doubled between 1983 and 1984. Then
they doubled again between 1987 and 1988.
How did the world get this information? Saddam Hussein told us, that’s
how. Saddam somehow lied about everything
else but the oil reserve information he provided is still used as the basis
for oil reserve information from Iraq.
A similar thing happened in Kuwait in 1985: their “proven
reserves” almost doubled. But even more
suspicious, their “proven reserves” remained constant at 91.92 billion
barrels in 1987, 1988, and 1989. Even
though they were selling billions of barrels of oil, their “proven” reserves
never changed.
Finally, Saudi Arabia claims to have added nearly 100 billion barrels of
oil to the world’s proven reserve between 1989 and 1990.
Try as they might, none of these nations have ever
proven their oil reserve claims are true.
Chart Showing Questionable Oil Reserve
Data
|
Year
|
Iraq
|
Iran
|
Kuwait
|
Saudi
Arabia*
|
Venezuela
|
Spurious
Amount
|
|
1980
|
31.00
|
58.00
|
65.40
|
163.35
|
17.87
|
0
|
|
1981
|
30.00
|
57.50
|
65.90
|
165.00
|
17.95
|
0
|
|
1982
|
29.70
|
57.00
|
64.48
|
164.60
|
20.30
|
0
|
|
1983
|
41.00?
|
55.31
|
64.23
|
162.40
|
21.50
|
11.3
|
|
1984
|
43.00
|
51.00
|
63.90
|
166.00
|
24.85
|
0
|
|
1985
|
44.50
|
48.50
|
90.00?
|
169.00
|
25.85
|
26.1
|
|
1986
|
44.11
|
47.88
|
89.77
|
168.80
|
25.59
|
0
|
|
1987
|
47.10
|
48.80
|
91.92
|
166.57
|
25.00
|
0
|
|
1988
|
100.00?
|
92.85?
|
91.92
|
166.98
|
56.30?
|
192.11
|
|
1989
|
100.00
|
92.85
|
91.92
|
169.97
|
58.08
|
0
|
|
1990
|
100.00
|
93.00
|
95.00
|
258.00??
|
59.00
|
88.3
|
|
*All Figures Are in Billion Barrel Increments
|
The chart above suggests that a very large
percentage--fully 45%--of all the reserve claims is questionable. In other words, the chart raises a serious
question about whether the world’s “proven oil reserves” are bogus statistics
manufactured for political reasons and have no basis in fact.
Imagine what the chart would look like if it contained all the oil producing countries on
earth. Each of those countries has
examples of similar spurious “proven oil reserve” data.
Obviously this article is suggesting
that the world’s oil industry has lied about oil reserve figures in exactly
the way Royal Dutch/Shell has been proven to lie.
That leads to this question:
WHY WOULD COUNTRIES LIE ABOUT THEIR “PROVEN
RESERVES?”
The countries in the
chart above are members of the Organization for Petroleum Exporting Countries
(OPEC). OPEC takes into account a country’s
reserves when fixing production quotas: the more oil you say you have, the
more you’re allowed to sell. For instance,
if Saudi Arabia is understood to have 258 billion barrels of oil as it
reported in 1990 instead of 169 billion barrels as it reported in 1989, then
Saudia Arabia could reasonably pump 40% more oil each year without
diminishing the number of years Saudia Arabia would be the world’s main oil
supplier.
Each OPEC nation had a
similar incentive to falsely inflate their oil reserve figures. As the chart above proves, beginning in the
mid-1980s when OPEC decided to factor in member states' reserves when
determining their market share, the figures for global oil reserves almost immediately were raised in all the OPEC member states. As cartel
members such as Algeria, Libya and Nigeria competed for bigger production
quotas within OPEC's overall output ceilings to reflect growth in capacity, they
had many reasons to exaggerate their proven reserves.
|
|
|
Market
reaction has a big role in
shaping oil industry…Even to tempting lies.
|
But
every nation on earth has many other reasons to falsely inflate their oil reserve
figures. Take for example the $50
Billion loan from the USA to Mexico in December of 1994. At the time the Mexican economy was on the
verge of collapse. The Mexican Peso
had fallen by around 35%. As a result,
the Mexican Central Bank's international reserves fell from $29 billion
to $5 billion, a drop of nearly 80%. To stave off a collapse of the Mexican
economy, President Clinton signed a $50 billion "Emergency Stabilization
Package" loan to the Mexican government on 31 January 1995. The collateral for the loan was Mexico's
pledge of revenues from its future petroleum exports. Unless Mexico was believed to have huge
“proven oil reserves” there was no collateral of that loan. But while Mexico was seen to have huge oil
reserves, there was every reason to expect Mexico could repay the loan.
These are only a couple of the main reasons countries
might lie about their “proven oil reserves.”
As the price of oil moves inexorably upward, the reasons to lie about
reserves will multiply in direct proportion to the increase in the price of
oil.
FOR
YEARS, MANY IN THE OIL INDUSTRY HAVE BEEN WARNING THAT OIL RESERVE FIGURES
WERE FALSE
Energy
analysts have long questioned the
reserves claimed by the world’s oil producers. Veteran British geologist
Colin Campbell, chairman of the Association for the Study of Peak Oil and Gas
and a trustee of the Oil Depletion Analysis Center in London, believes
that Gulf producers' known reserves are really considerably lower than they
claim. And
while Saudi Arabia's national oil company Saudi
Aramco claims to have 257.5 billion barrels, its recently retired executive
vice president Sadad Al Husseini has said there is in fact "130 billion
barrels of proven reserves".
French geologist Jean Laherrere, who has over four decades of service
in the world wide energy industry, says, "OPEC will not change their
reporting as long as quotas will be in force. Only when the supply becomes
short and quotas useless will OPEC accept to report real estimates."
WHY
IS IT IMPORTANT THAT WE HAVE ACCURATE KNOWLEDGE ABOUT PROVEN OIL RESERVES?
Short
answer: Have you ever ridden a horse or a bicycle to work?
Long
Answer: Everyone in modern life
depends upon oil for transportation.
Oil is the single commodity that literally determines the value of all other commodities. Uncertainty about proven oil reserves
raises unavoidable questions about the availability of oil. If there is serious uncertainty about the
availability of oil, the pressure on the price of whatever oil is actually out there will be subject to
the temptation to panic, become exactly like the pressure exerted by a
starving mob outside an unguarded food warehouse.
Responsible world leadership
will do whatever can be done to remove or ameliorate the causes of panic,
especially when that panic can have the
most devastating worldwide consequences.
The only way responsible world leadership can do that is by providing
trustworthy figures about proven oil reserves. Until such trustworthy information becomes
available, the price of oil will become subject to the pressures created by
the few things we do know for certain.
WHILE
FACTS ABOUT PROVEN OIL RESERVES ARE UNTRUSTWORTHY, FACTS ABOUT OIL
AVAILABILITY ARE CRYSTAL CLEAR TO THE CONSUMER
When people realize that the existing figures
about “proven oil reserves” cannot be trusted, they will immediately begin to
focus on the things that can be known in hopes of finding some basis for
understanding the truth about the future availability of oil.
Presently there are only two mechanisms for obtaining
trustworthy information about oil availability in this world. 1.
Physically go, or send someone, to watch the oil tankers being loaded with
crude oil throughout the world. Make
sure it is actually oil that is being pumped into the tankers and not
some bogus liquid, and then count the oil tankers lying low in the water when
they leave the oil producing nations.
That’s the way people who invest big in the oil industry actually get their facts about
oil. 2. If you can’t do that, you can find out
about the reality of oil reserves by watching what happens when you pull up to a
gasoline pump. The fact that gasoline
comes out of the pump when you push the proper buttons at the tank proves
crude oil is being produced in this world.
If there is no gasoline at the tank, or if the price of that gasoline begins to go up dramatically, there is a very good reason to
believe the world’s supply of oil is nearing the place where you will have to
get in line for oil.
When the day comes that
you have to line up for oil, you will find that the forces in front of you in
line are so voracious for oil and/or so powerful that there is not enough oil
left for you and yours.
LOOK
AT THE SECOND WORLD WAR TO LEARN WHAT HAPPENS WHEN SERIOUS PRESSURE IS PUT ON
THE SUPPLY OF OIL
Did you know that the Japanese attacked Pearl
Harbor because the US government shut off their supply of oil?
The following passage will help you understand what can
happen when oil supplies are interrupted: “In 1940, Japan occupied French
Indochina (Vietnam) upon agreement with the French Vichy government, and
joined the Axis powers Germany and Italy. These actions
intensified Japan's conflict with the United States and Great Britain which
reacted with an oil boycott. The resulting oil shortage and failures to solve
the conflict diplomatically made Japan decide
to capture the oil rich Dutch East Indies (Indonesia) and to start a war with
the US and Great Britain.” * from (http://www.japan-guide.com/e/e2129.html)
as well as every other history book.
THE
USA DEPENDENCE ON OVERSEAS OIL
There is an eerie resemblance between Japan’s
dependence on foreign oil prior to the Second World War and the USA’s
dependence today.
|
Crude Oil
Imports To the USA (Top 15 Countries)
(Thousand Barrels per Day)
|
|
Country
|
Jun-04
|
May-04
|
YTD 2004
|
Jun-03
|
Jan - Jun 2003
|
|
|
|
CANADA
|
1,708
|
1,630
|
1,606
|
1,517
|
1,474
|
|
MEXICO
|
1,668
|
1,666
|
1,593
|
1,472
|
1,499
|
|
SAUDI ARABIA
|
1,450
|
1,493
|
1,387
|
1,921
|
1,879
|
|
VENEZUELA
|
1,439
|
1,371
|
1,353
|
1,381
|
1,066
|
|
NIGERIA
|
1,191
|
1,127
|
1,094
|
836
|
787
|
|
IRAQ
|
636
|
674
|
651
|
0
|
519
|
|
SSIA
|
321
|
142
|
118
|
441
|
139
|
|
UNITED KINGDOM
|
304
|
249
|
262
|
373
|
378
|
|
KUWAIT
|
224
|
273
|
226
|
274
|
224
|
|
ALGERIA
|
216
|
234
|
197
|
282
|
87
|
|
GABON
|
195
|
116
|
141
|
140
|
130
|
|
COLOMBIA
|
192
|
173
|
158
|
146
|
164
|
|
ECUADOR
|
186
|
259
|
193
|
120
|
102
|
|
NORWAY
|
164
|
186
|
169
|
244
|
194
|
|
ANGOLA
|
127
|
384
|
287
|
390
|
354
|
|
|
Each
day every American citizen is dependent upon oil being imported from the
countries listed here. Presently there
is no real verification for the amount of oil those countries actually have in the ground.
Any
disruption in the delivery of oil from any of those countries raises the real possibility that their oil
reserves have been depleted to the point where they will begin to hoard their
oil for themselves.
Panic,
even if it is the controlled panic of a skyrocketing price of oil, is to be
expected under those circumstances.
The
point cannot be overstated. The vast
majority must have personal access to needed petroleum products or the economic
wellbeing of every modern economy is destroyed within a short time after oil
ceases to flow.
As this companion article
explains, the USA invaded Iraq because since WWII the USA has been the
nation responsible for guaranteeing stability in the Middle East. With the emergence of the USA as the world’s
Hegemon, there is no valid reason to think the USA will refrain from similar
actions anywhere on earth when USA oil supplies are seriously threatened.
LIES
ABOUT OIL RESERVES OPEN THE DOOR TO REASONABLE SUSPICION ABOUT FUTURE ACCESS
TO OIL
As
long as people believed the bogus “statistics” about “proven oil reserves,”
minor and temporary disruptions in the flow of crude oil could pass without
creating a major world crisis. But
when it becomes clear that people cannot trust the amount of oil that is in
the ground, any disruption raises the specter of the end of oil
production. Hoarding, riots,
depression, and all the accompanying signs of social implosion follow. For this reason alone, people need to have some
sense of certainty that there is enough oil to go around for the foreseeable
future. If that faith begins to
disappear, there is nothing to prevent an explosion in the price of oil. The world’s economy cannot long survive
such a disruptive situation.
RECAP: There is no mechanism
presently available on earth to validate the
information being provided to the world about existing oil reserves. This information must be available if we
are to avoid panic-driven increases in the price of oil and the
world-changing events that accompany such panic. There is a solution to this problem.
THE
RECIPE FOR AVOIDING INTERNATIONAL PANIC OVER OIL
The only possible way
to control the price of oil is to arrive at a definition of “PROVEN OIL
RESERVES” where the amount of reserves is a self-evident fact clearly
demonstrable to any interested party.
If the whole world knew there was sufficient oil reserves there would
be no basis for panic. Should short
term interruptions in the delivery of oil occur, say from terrorist attack,
there would be no basis for panic because it would just be a matter of time
before the Super Power[s] restored oil by eliminating the cause of the
temporary delivery interruption.
But we cannot presently
remove the temptation to panic because of two problems: 1. The size of actual reserves held by a nation are a
closely guarded State secret.
But even if every
nation in the world had a sudden change of heart and decided
to let everyone come and measure the amount of oil in their ground we would
then run immediately into problem number 2. Oil measuring technology is presently
incapable of accurately measuring the world’s proven oil reserves.
THE
PROBLEMS IN MEASURING OIL RESERVES
Even the nations who
have oil have real problems knowing exactly how much oil they have in the
ground. Pretend you have an oil well
that produces oil. How would you determine how much oil your well has
tapped into? You could stick a rod
into your well’s hole in the ground and when it hit something solid you could
pull the rod back up and measure the length of oil on the rod. But all that would really tell you is how deep the oil
was directly below your well’s hole.
To accurately determine the total volume of oil you would need to
drill wells all over the place thereby mapping the size and depth of the oil
reservoir. Either that, or you could
come up with equipment that would measure the oil without having to drill
more wells.
THE
INVENTION OF SEISMIC SURVEYS AND WHY THEY DON’T SHOW US PROVEN OIL RESERVES
 In
the petroleum industry, the most common method of obtaining a clear picture
of the Earth's subsurface is seismic exploration. Seismic exploration uses
physical
shockwaves to penetrate the earth and record its contents—up to a point. Onshore, the vibrations come from specially
designed vibrator trucks that "thump" the ground (and formerly,
from a dynamite explosion).
Seismic exploration creates a picture of the
subsurface by recording vibrations as they bounce back from geologic
formations. The resulting data is called
seismic lines.
There is a problem
with seismic surveys: a seismic shot does not “see” the oil, it only finds
the bottom of the well. Seismic
exploration can spot empty places (reservoirs) inside the earth but they
cannot “see” what those empty places contain.
For this reason, seismic exploration sometimes leads oilmen to go and
drill down into one of those empty places inside the earth without finding
oil. Oilmen, not known for their
poetic qualities,
call
such places “dry holes.”
Think about this
limitation of seismic survey technology and you will see why seismic
technology might be great at helping find oil but it is almost useless if our goal is to find a way to know for a
fact how much oil actually lies in the ground.
A new technology is required if we are to record the actual “proven reserves” of oil on
planet earth.
NEW
TECHNOLOGY OVERCOMES THE DEFECTS OF SEISMIC SURVEY TECHNOLOGY
A Wall Street Journal article by Susan Warren on
August 17, 2004 about electromagnetic technology opened a window into the
future of oil reserve verification.
Entitled, “Exxon Mobil Bets on New Oil-Hunting Technology,” the
article describes the way electromagnetic technology can be used to precisely
measure the volume of oil in the ground.
 The article stated, “…While
seismic surveys could reveal a lot about rocks and where oil might be, electromagnetics had the alluring potential of seeing the oil
itself [emphasis
mine].”
This technology is not
some future hoped for event. The ability
to map entire oil fields using electromagnetic technology is now a reality. The WSJ article explained how an entire oil
field was mapped and verified, “Afloat in a research vessel off the coast of
West Africa in early 2002, Exxon Mobil Corp. geophysicist Len Srnka took his
laptop, locked himself inside his cabin and peering into oil’s future…Exxon
Mobil had drilled off the coast of Angola since 1997 and knew exactly where
the oil was. So, could Dr. Srnka’s electromagnetic
contraption show what Exxon already knew? It could, mapping the oil with unerring
precision,” the article concluded.
WORLD
CAN ACTUALLY PROVE OIL RESERVE FIGURES
With the development of
electromagnetic technology, the world now has the means to totally eliminate the confusion and
uncertainty created by the totally untrustworthy and
unverifiable existing estimates of oil reserves. In fact, using electromagnetic mapping, for
the first time the world will actually have the ability to know what
proven
oil reserves will be available to the world.
THE
NEED TO OBTAIN ACCURATE FIGURES ABOUT PROVEN OIL RESERVES WILL USHER IN ONE
WORLD GOVERNMENT
If you think about the facts revealed here, you will see that no
government on earth presently can know for certain how much oil is available
on this planet. But technology is now
available that could measure the exact volume of oil in every oil field on
earth.
It does not take a
prophet to understand that when the price of oil becomes subject to a
panic-filled oil market driven by the untrustworthy and ultimately
unknowable supply of oil on this planet, every nation on earth will begin to
realize the need to arrive at a
secure global understanding about proven oil reserves.
All it will take is a
few more “War on Terrorism” moves like the Iraqi War and the world will begin
to realize that the United States of
America cannot be trusted to be the overseer and comptroller of the world’s
oil. Already there are conversations
behind the scenes in countries all over the world suggesting that
the United Nations, not the United States of America, should be the rightful
comptroller of all the world’s oil resources, and that the United Nations
must be given that power if World War III is to be avoided.
This article is a
foreteller. Obviously many events must
occur before the facts contained herein become self-evident. But keep your eyes open and you will see
that those events are on their way, and nothing in this world can stop
them. The untrustworthiness of
statistics about the “proven oil reserves” coupled with the fact of rapidly
accelerating use of crude oil reserves is driving this world rapidly toward
World War III just as surely as similar events drove the peoples of the earth
toward World War II.
Watch those events
closely. Finally, it is the argument
of events that is the loudest argument of all. If you have read this far, events will
prove you have not wasted your time.
For at least you will not be surprised when you see it happening.
* The following chart is no
parody but is the actual
glossary of oil terms put out by the European Energy Foundation.
|
|
|
Security of supply
(general)
Source : World Energy Council
Reserves are the fraction of mineral and fossil fuel resources or
geothermical resources known to be
present in the earth that has been the subject of some measure of appraisal. There are proven,
unproven, probable, possible and hypothetical reserves.
Proven Reserves are the estimated
quantities, at a specific date, which analysis of geologic and
engineering data demonstrates with reasonable certainty, to be recoverable
in the future from known deposits under the economic and operating
conditions at the same date.
Final Proven Recoverable
Reserves (Final Cumulative Production) are the total reserves produced when a
fossil fuel or a mineral deposit has finally ceased production.
Unproven Reserves are the estimated quantities
at a specific date, which analysis of geological engineering data indicates
might be economically recoverable from already discovered deposits,
with a sufficient degree of probability to suggest their
existence. They may be further categorized as Probable Reserves or Possible
Reserves.
Probable Reserves are the estimated quantities
at a specific date, which analysis of geological en engineering data
indicates might be economically recoverable from already discovered deposits,
with a reasonable high degree of probability, which suggests the
likelihood of their existence, but not sufficient to be classified as
proven.
Possible Reserves are the estimated quantities
at a specific date, which analysis of geological en engineering data
indicates might be economically recoverable from already discovered deposits,
with only a moderate degree of probability, which suggests the
chance of their existence, but not sufficient to be classified as probable.
Hypothetical Resources are mineral or fossil fuel resources
that may reasonably be conjectured to exist as a result of appraisal made during the initial phase in the exploration of
a region on the basis of the first data available or first discoveries.
Return
To Article
|
Return to Christian Gallery News Service
|
