More Peak Oil Analysis... Yay! $4 Gas Is Here!!

More great analysis from our friend, Chris Nelder. Chris tries to break through the persistent denial that we can "drill our way out of the problem."

-Maltok 5

Peak Oil Consequences of Bush's Failed Energy Policies

Illusions of Candor

By Chris Nelder
Wednesday, May 21st, 2008

Rising oil prices just seem unstoppable.

Even I was amazed to see crude pushing $130 on Tuesday. Not because it had gotten to that price, but because it got there so fast. That's 30% over where it was at the beginning of the year.

The peakers (or, if you like, the "peak freaks") have won the debate about oil supplies, and it was the price shock that ended it. I'd still prefer that the discussion revolved around flow rates—that is, whether we can really get from 85 million barrels per day (mbpd) today to 116 by 2030, as the IEA has predicted—but I'll settle for not having to see some "expert" on TV predicting that oil is going back to $45, or $25, or whatever, anymore.

At least the message that oil prices are never going back to those levels seems to have gotten through.

Last July, the National Petroleum Council joined the chorus predicting that oil supply would reach 115-120 mbpd by 2030. I lambasted them for it, along with many other knowledgeable observers.

One of those observers was Matthew Simmons, the world's top oil investment banker, who remarked, "We don't have any idea where those reserves are going to come from or how we are going to get them out of the ground. The odds of this ever happening are zero."

Simmons had argued for years that oil was far too cheap, and would soon go into triple digits. He saw $150 oil not too far into the future, and eventually perhaps $300 oil, but in mid-2007, he was widely ridiculed for it.

Well, Simmons was right. He wasn't the only one, either.

Legendary oil investor T. Boone Pickens agreed with Simmons, and placed his bets accordingly, which made him a fortune. Pickens' latest bet is that we'll see $150 oil by the end of this year.

Goldman Sachs is another. They were the only investment bank to correctly predict today's oil prices last year. Their latest prediction? $148 a barrel this year.

I think that's about right. It might even be a bit on the conservative side.

But not everyone in the oil and investing business has had the vision to see the future of oil clearly, or the guts to make such bold predictions.

Unfortunately for America—indeed, for the world—our president, with all of his experience and knowledge of the oil business, has been one of the last to come around.

The Jawbone of an Ass [more]

Hope Ad

More Bee Colonies Lost: This Could Really Muck Things Up

This is an "under the radar screen" type of story that has more major implications to it in the near future than most of our other problems combined.

Bees = Food

No Bees = No Food

WTF??

-Maltok 5

From CNN:
SAN FRANCISCO, California (AP) -- A survey of bee health released Tuesday revealed a grim picture, with 36.1 percent of the nation's commercially managed hives lost since last year.

Bees are dying at unsustainable levels, the president of the Apiary Inspectors of America says.

Last year's survey commissioned by the Apiary Inspectors of America found losses of about 32 percent.

As beekeepers travel with their hives this spring to pollinate crops around the country, it's clear the insects are buckling under the weight of new diseases, pesticide drift and old enemies like the parasitic varroa mite, said Dennis vanEngelsdorp, president of the group.

This is the second year the association has measured colony deaths across the country. This means there aren't enough numbers to show a trend, but clearly bees are dying at unsustainable levels and the situation is not improving, said vanEngelsdorp, also a bee expert with the Pennsylvania Department of Agriculture.

"For two years in a row, we've sustained a substantial loss," he said. "That's an astonishing number. Imagine if one out of every three cows, or one out of every three chickens, were dying. That would raise a lot of alarm."

Hillary Sacrifices For You

Monday, April 14, 2008

Things Hillary Clinton Would Do To Become President

In order to become President, Hillary Clinton would...

- undergo torture
- slip Dick Cheney the tongue
- eat hair out of the shower drain
- sit on a porcupine
- invent a fictitious black grandparent
- swim across the Arctic ocean
- become a Republican
- become a Libertarian
- become a Socialist
- become a Communist
- become a Whig
- try out for American Idol
- shoot herself in the forearm
- bear the child of a Superdelegate
- sell Chelsea to gypsies
- eat a banana peel
- iron your shirt
- step on a rusty nail
- sleep with Fidel Castro
- watch "Gigli" on loop for four days
- pour acid on her skin
- attempt to escape actual sniper fire by Bosnian militants with no running start
- shave her eyebrows
- disavow pantsuits
- stare down an angry rhinoceros
- admit that perhaps she might have sort of conditionally been a hair of a smidge wrong for voting for the Iraq war but really only kinda sort of wrong if you look at it from the right perspective and take into account the facts of the time which were not at all straightforward and really hypothetically if she had been president at the time she not only would have not made the same decision she might not have even been partly wrong about the fact that she voted incorrectly that is to say if her vote was incorrect in the first place given the facts on the ground at the time and actually if you want to get technical about it she was not president and was only a senator making a potentially and possibly ill-advised vote if you want to look at it in that fashion but really it was not that kind of a vote
- clip Rush Limbaugh's toenails
- become a Wiccan
- stand in line at Target to get you a Wii
- donate both kidneys
- eat nothing but Big Macs for two months
- fire a shotgun at reporters to demonstrate love of 2nd Amendment
- release her tax records
- lie down in a busy intersection
- walk 500 miles
- work as a rodeo clown
- be an actress in a Herpes medication ad
- agree to be bitten by a rattlesnake
- walk naked through Baghdad
- cry
- join The View
- kick Howard Dean in the nuts
- change her last name to Bush
- start her own country
- hike across the Gobi desert with no water
- smash a beer bottle over her head
- become Obama's Vice-President, then murder him
- sell her soul to anyone buying
- marry Bill Clinton

Funny How Context Changes Everything

Some of the "hateful" Pastor Wright's video in fuller context.

FOX News: Fairly Unbalanced - More Fear Please!!

God Won't Damn America: We're Doing A Fine Job Of It On Our Own, Thank You

Check out some of the comments attached to this story. And to think I was actually getting hopeful that this country was turning around, and living up to its ideals, not just its hypocrisies. But from some of the hate filled spew coming from Amurka in these comments, it's pretty obvious to this lil' alien that the haters ain't lettin' go too soon.

Well, at least this proves he's not a radical Muslim...

By the bye, remember all the hate filled nuttiness that Pat Robertson, Jerry Falwell and the like disseminated amongst us about how the queers caused Katrina, 9/11, etc.???

I'm going back to the bunker now.

-Maltok 5


Obama Disagrees With Pastor's 'God Damn America' Sermon
Obama on His Pastor: 'I Profoundly Disagree With Some of These Statements'
Sen. Barack Obama says he "obviously disagrees" with his pastor of 20 years who said black Americans should sing "God Damn America" instead of "God Bless America." Reacting to an ABC News story about the sermons of Rev. Jeremiah Wright of the Trinity United Church of Christ in Chicago, Obama told the Pittsburg Tribune-Review, "I haven't seen the line. This is a pastor who is on the brink of retirement who in the past has made some controversial statements. I profoundly disagree with some of... [more]