Tuesday, June 29, 2010

Vault-Co's Greatest Hits : Abiotic Oil

A reprint of the article by Joe Viall we posted back in 2004. Viall is no longer around but his article is more relevant right now than when we published it. Read it carefully and you will see why Vault-Co has known oil to be a completely abiotic and almost limitless resource since the late 1990's.

It doesn't matter if you have a college degree or what credentials you flash. If your genetic endowment didn't include the capacity to reason, you will be unable to come to the right conclusions even once the evidence is dropped right into your lap. These idiots are trying to fudge their world paradigm to fit their assumptions, by claiming that all that oil trickled into the Gulf subsurface ocean continental plate from natural sources on the surface. That's so stupid I don't even think I have to bother explaining what is wrong with that idea. It never ceases to amaze me when men do as Winston Churchill described ... stumble face first onto the truth ... then pick themselves up and continue on as if nothing has happened. Abiotic oil is so obvious at this point I'd be disappointed if Koko the Sign Language gorilla needed somebody to elaborate on it for her.

It must have "trickled down" from dinosaur bones on the moon of Titan, as well, where oil appears as a limitless sea.


Anonymous said...

When the "peak oil" scam started I bought it. Out of nowhere there where all these so-called oil experts like Colon Campbell and so called investigative reporters like Michael Ruppert screaming about the dangers. They have all made a real nice living out of it with their speaking tours and books. When Matthew Simmons started bellowing about it I got wise. This cat is the ultimate industry insider and he's supposed to be on the people's side? Yeah right. Then when I read of methane gas and petroleum gases found on other planets and moons I was convinced of the scam. That and the article I read right here...thanks Tex.

Anonymous said...

I believe everything that Vault-Co says, except what he has to say on peak oil.

True, there were charlatans and snakeoil salesmen who created an oil bubble in 2008. Doesn't change the fact that conventional oil production is on a decreasing curve.

Even if abiotic oil is true, is it viable? The deeper you drill and extract, the higher the lifting costs. Especially underwater, you get situations like Deepwater Horizon.

The easy oil (the stuff that you don't have to drill that deep for) is gone.

Anonymous said...

The point with "deep oil" is that it is practically limitless. That means the set-up costs are comparitively negligable for such a long-term production, instead of significantly eating into profits.

Deep oil will pay for itself when it is flowing in volumes and for lengths of time unheard of before. Any country or group with the technology to tap it has huge potential. The Russians and Chinese will probably end up with a long head start when the switchover to this begins.

Anonymous said...

I'm anon from 9:37 AM.

The recent plays in shale gas have caused natural gas prices to fall. They used to be $9 a GJ, they are now around $4.50.

That means that more expensive natural gas wells become unviable (anything more expensive than the current price) and they're taken offline until the price goes up again.

In fact, shale gas has hurt the Russian economy recently because it is North America that is so far ahead the rest of the world. Western Europe will probably explore for shale gas and give the middle finger to Russia as it becomes self-sufficient.

To hear Jerome Corsi tell it, he talks of a vast creamy black nougat waiting to be found to provide us with limitless energy. I don't think it's as easy as the cornucopians make it sound. While I was skeptical of shale gas 5 years ago, I was proven wrong. Maybe I'll be proven wrong again on oil, and I'll be the first one to admit it here.

But let's say India were to make a play for abiotic oil and discovered an oil-rich area that rivals Ghawar in Saudi Arabia. Assume that this is viable at $20 a barrel, even after the initial gusher has stabilized and discounting the lifting costs of this very deep oil in spite of it being deeper than traditional oil wells. A lot of other oil wells that are only viable at higher prices will shut off production and then the price will be raised again. I agree that a lot of oil price rises were due to speculation and there was a bubble. But it's at $75 a barrel right now--IN SPITE OF the current economic manure hitting the fan. It was $9 a barrel in 1998. That year was the last good year for the 'kwa (because it imports a lot of oil). It's been downhill ever since.

Anonymous said...

I followed the peak oil online debates from 5 years ago because I anticipated a Malthusian catastrophe. I still do, but mostly due to human stupidity.

The effects of an ice age on our modern cappucino sipping metrosexual world is far more devastating than a steady decline in oil production.

An ice age may also cause a severe restriction on oil production anyway, and it will have the same effects as peak oil anyway (though much worse).

WFLBg said...

Questions, for anybody reading back this far:

1) What is the rate of replenishment for a given hole? Given that oil will have to seep back into these resevoirs, how intermittent is the "duty cycle" of a recovered resevoir?

2) I've heard from a western source the theory that bacteria/archaea some 10km down are metabolizing some sort of carbon source, and that this is where the oil is coming from. Comment?