Peak Oil for Dummies

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Peak Oil for Dummies By Nick Hodge | Wednesday, August 29th, 2012 Pay no attention to the reality behind the curtain. Brent Crude hasn't been over $100 for a month... West Texas Intermediate isn't about to ding the $100 bell... No, dear reader, Peak Oil isn't real. Advertisement Technology You Have to See to Believe You wouldn't believe me if I told you one company could "print" healthy hearts and other organs from scratch... And you'd sneer if I said the tissue and bone for new arms and legs could be grown from a single cell... But you'd be missing out on the profit opportunity of a lifetime. We've just released a report on the company making it happen today!  The new oil we're finding isn't thicker or more sour or harder to drill for and successfully recover. We aren't scouring the deepest depths of the ocean and the nooks and crannies of every geologic formation to find more, like a crackhead searching for his next hit. The entire world isn't so worried about a disruption in oil supply that a fart from Libya or Israel or Iran — or is it Iraq, or Nigeria? — sends prices moving higher by dollars per day. That's because Peak Oil isn't about when production of conventional oil will reach maximum production. You can just point to oil in the ground and say there's plenty. Don't worry; we can run cars and trucks and tractors on reserve numbers. “Probable” and “proven” is good enough for our plastics and pills. Yes, yes! Shale is a panacea. And if the price of oil should ever fall, we'll still be able to get that oil because “technically recoverable” oil that can be “extracted economically” are fictional terms that don't matter. If the cost of production exceeds the price of oil, companies will still want to get it. Advertisement Get Your Share of this $750 Million Expansion The world's biggest retailer, Wal-Mart, is embarking on a $750 million expansion in Canada. In the next 12 months, Wal-Mart will open 42 new stores to capitalize on Canada's booming economy. That's great news for the partners of this Wal-Mart landlord, who has been distributing "rent" checks every month for the last nine years. One partner from Ontario gets $2,886 a month. Another in Arizona receives an amazing $5,969 every month. And their checks are likely to get even bigger... To learn how you can start cashing huge checks like these each and every month, click here.  The U.S. is once again on the road to oil independence. The 5.7 million barrels per day we produce... (click to enlarge) Is far greater than the 18.835 million barrels per day we consume. No, the U.S. doesn't continue to rely nearly 60% on oil imports. And exports haven't been falling in countries from which we get that oil — like, say, Saudi Arabia, Iran, Nigeria, the UAE, Norway, Venezuela, and Kuwait. And no, rapidly growing domestic demand in those countries won't further eat into their export capacities. Both the Energy Information Administration and the International Energy Agency aren't saying the world will need 90 million barrels per day next year. And the world has always produced at least that much: (click to enlarge) Oh, and oil, lease condensate, natural gas liquids, and all forms of natural gas are the same thing. They can all be used for the same things without a massive and extremely expensive years-long infrastructure changeover. And when you include all those other liquids, the world certainly produces more than the 90 million barrels per day it will need next year: (click to enlarge) You see, Peak Oil can't be real because the world is producing more than it consumes. It can't be real because all these studies say there is plenty of oil in the ground. It can't be real because we've changed the definition of Peak Oil to include unconventional sources like oil sands and bitumen and kerogen. It can't be real because it doesn't suit the agenda of (enter news group, political party, industry association, or company here). Call it like you see it, Nick Hodge @nickchodge on Twitter Nick is an editor of Energy & Capital and the Investment Director of the thousands-strong stock advisory, Early Advantage. Co-author of the best-selling book Investing in Renewable Energy: Making Money on Green Chip Stocks, his insights have been shared on news programs and in magazines and newspapers around the world. For more on Nick, take a look at his editor's page.       I liked this article | I did not like this article Follow Energy and Capital on The Bottom Line Related Articles Who's Afraid of Peak Oil? Peak Oil Debate Continues Burying Peak Oil Energy & Capital: Through the Years Recently... The EPA is Screwing You Energy and Capital's Weekend Edition Peak Oil Myths... Busted! How Ford Just Cornered the Hybrid Vehicle Market Robots, Houses, Organs, Houses, and More

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