little knowledge of the physics, you'll find there is no risk whatsoever in
this. You are more likely to make a profit spending $100 on lottery
On 2/5/07, Edward Kramer
<onekindr@pdq. net> wrote:
This inventor has a very unique process, if you are a risk
taker, you can invest a $100.00 in a dealership and if he is able to get it on
the ground, you can be set for the rest of your life. www.first-molecule. com.
----- Original Message -----
Sent: Monday, February
05, 2007 8:44 AM
Subject: RE: [hreg] report
from Matthew Simmon to Bloomberg on peak oil
Thank you, Diane.
via Diane Clemens:
This is a non
political post. For those of you who do not know who Mathew Simmons is, he is
the President of the largest energy investment bank in the world, Simmons &
Company International, http://www.simmonsc o-intl.com/ This is a multi billion dollar corporation. His clients
include British Petroleum and Halliburton. He has been a key advisor to the Bush Administration, Vice President
Cheney's 2001 Energy Task Force and the Council on Foreign Relations.
The link may not be up for long. 7 minute
video interview. Watch it at http://www.theoildr um.com/node/ 2239
. Archived on 1 Feb 2007.
Yuba Gals Independent Media
530-265-4244 ( California )
on 1 Feb 2007 by
says global oil supply has peaked
chairman of Simmons & Co. International in Houston ,
talked yesterday with Bloomberg's Rhonda Schaffler about the need to address
energy use, his view that global supply has peaked and the likelihood oil
prices could reach as much as $300 a barrel. (Source: Bloomberg)
[Transcription of the first few minutes of
Q: Tell me how you draw your conclusion that at this point we've hit Peak Oil.
A: If you look at the numbers and you follow what's going on starting with
Mexico's giant Cantarell field which is now in a very serious state of decline
and then you look at the North Sea and you see just the UK and Norway, it's
pretty obvious to me that those three areas alone could actually decline by
between 800,000 and 1 million barrels a day in 2007.
That pretty well wipes out almost all the production gains coming onstream and
in implicit in that it assumes that everyone else is flat.
So I think basically too many of our oil fields are too old. Too many now are
in decline. The Middle East is basically out of capacity. they're
some projects that are being worked upon, but most don't hit the market until
2008, 2009 and we're running out of time.
... I am firmly of the belief that over the course of the next year or two,
this issue of peak oil will replace global warming as an issue that we're all worrying,
debating and talking about.
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