If Richard Pike, a former oil industry man who is currently the chief executive of the Royal Society of Chemistry is to be believed, oil shortage is nothing but a myth! Yes, you got me right; according to Dr. Pike the calculations of the amount of oil reserves present are flawed. If you are wondering why all the oil companies are keeping quiet, well Pike is of the opinion that oil majors are more than happy to go along with this so-called myth is because even they have a vested interest of keeping the prices of oil high by creating an artificial scarcity.
Can that really be so? One honestly needs to delve deeper into it. Dr. Pike’s observations would also mean that that the concept of Peak oil is a sham. For those not aware, peak oil is that point in time when the maximum rate of global petroleum production is reached, after which the rate of production enters its terminal decline, in other words the oil production has reached it’s peak and if energy consumption is not mitigated then obviously there will be an enormous energy crisis in the future.
Dr. Pike’s observations are like a death knell to the environmentalists who have relentlessly been urging the need to find greener alternatives. Not everyone is convinced by Pikes observations, Jeremy Leggett, author of Half Gone (a book on peak oil), is one of them.
Well, whether or not Peak oil myth is perpetuated by the globalists to gain more control of our lives, it is important that we look at alternative fuel resources because there is no denying the fact that fossil fuels pollute the environment. One sincerely hopes that Richard Pike is right, because then we can get back to the good old days!
Via:Independent
Comments
hey that’s something really new. If it is really so, steps need to be taken to rectify it. But having said this, it doesn’t belittle the importance of greener alternatives. If we want to live a healthy life we need to go for the greener ones.
Agree with you Jitaditya, if indeed Richard Pike is true, then it is great news, but at the same time we should not stop looking/exploring the alternative options
My God, this is indeed news for me! When the whole world is reeling under the pressure of steep price rise for shotage of oil this comes as a revelation! This news will atleast give a moral boost to the aviation industry...if at all its true!
Even if the oil producers are just doing that supply-and-demand song-and-dance number on the whole world, it is a fact that oil is a finite resource. Hence, it is bound to dry up.
Why is oil a finite resource? Where did oil come from?
Many people say that oil is made of old dead squished up plants. Many people say that burning oil releases carbon dioxide into the atmosphere, which will cause irreversible heating and damage of the planet.
If oil is made of dead squished up plants, that means that every atom of carbon in those plants was previously in the atmosphere or in the ocean. Plants get almost all of their carbon from the atmosphere or the ocean. If oil is dead plants, all of that carbon must have previously been in the atmosphere or in the ocean. This is a scientific fact.
As the old-timey plants grew and died, ready to be squished up into oil, they absorbed carbon dioxide. Once they were buried, the carbon dioxide was trapped underground or underwater and removed from the biosphere. The formation of oil and coal deposits removed heaps of carbon from the biosphere.
If you think about it you’ll realize that all of the carbon in oil and coal deposits must have come from the atmosphere or the ocean. Where else could it have come from?
So burning the oil and coal releases the carbon dioxide. Some say this will cause irreversible damage. Where is their proof? It is plainly obvious that the carbon got into the coal or oil from the atmosphere, because that’s how plants get their carbon, and coal and oil is made of plants.
If having the carbon dioxide in the atmosphere really did cause irreversible damage, then the plants would never have been able to grow in the first place to turn into coal or oil. The origin and existence of coal and oil proves that burning coal and oil can’t destroy the planet.
This must seem like mad rambling. In order to understand it, you need to answer these questions: 1) where did the oil and coal come from? 2) where did the carbon in the oil and coal come from? 3) in the prehistoric past, carbon dioxide levels were much higher than they are now. If high carbon dioxide levels in the past didn’t cause irreversible damage, why would they now?