Friday, November 14, 2008

Running out of Oil?

I sure see a biblical application here in the article below. And it's NOT about money or investments $$. I believe that we are living on a "throw-away planet." According to 1 Peter 4:7, and 2 Peter 3:10, plus the book of Revelation point to a time that might not be far off. Many wars and battles have been fought over water -- but it looks like the next war will be fought over OIL and/or Energy. And most people believe that the next war could well include atomic weapons!
I am not a prophet and I may be 100% wrong about this, but I think it has some merit and plausibility. SA [Saudi Arabia] knows that we will let them starve when they are out of oil they have amassed mountains of gold and wealth over the years. The article says that SA knows something that we don't. BTW, my sister was stationed with the Air Force there in SA, and she saw the way women were treated... not nice. Why can't we sell Nancy Pelosi to the Saudi's in lieu for some CA beach front property... lol ?

But those who trust in the Lord Jesus will live forever.

Tom

Greg’s Note: We know you’ve already gotten your daily Whiskey shot today, but there’s breaking news on the energy front you need to know about. David Gonigam is here with details of a shocking official report — released this morning in London — that reinforces the dire warnings about oil that you’ve been reading in these letters since 2004.

Whiskey & Gunpowder
November 12, 2008
By David Gonigam
Baltimore, Maryland, U.S.A.


Breaking Energy Crisis News
26-Government Study Confirms:
World’s Oil Fields Drying Up at Frightening Speed

Even the keepers of official statistics can’t hide this alarming oil secret from you anymore…

Imagine if world oil production fell 38% in the next five years.

That’s like losing nearly all of OPEC.

Imagine the chaos. The shortages. President Obama ordering gas rationing. Fear and fighting in the streets. A world that looks more and more like “Mad Max.”

Think that’s far-fetched? Not so much:

The International Energy Agency is just out today with some shocking numbers. Numbers that confirm everything we’ve been telling you in this space for years.

The IEA advises the governments of 26 countries in North America, Europe, and Asia. So this is a big deal.

A team of 25 IEA experts just finished an exhaustive survey of the world’s 450 biggest oil fields. It’s an unprecedented effort. And the results are frightening.

“The findings suggest the world will struggle to produce enough oil to make up for steep declines in existing fields,” according to the Financial Times.

Here’s the big, terrifying number: The world’s oil fields are depleting at a rate of 9.1% every year!

To put that into some perspective: Current world oil production is 84 million barrels a day. Assume no one does anything to find more oil. According to the IEA’s numbers, production would fall off a cliff — to just 52 million barrels a day by 2013. That’s a 38% drop in five short years.

It gets worse. As it is, world oil demand is 85 million barrels a day. So we’re already using more than we’re consuming. And it’s not going to get any better. The IEA expects demand to grow 1.6% per year. Hold that against production drops of 9.1%, and you begin to see the problem.

But even if oil consumption stopped growing today…if demand held at 85 million barrels a day, we’d still be in trouble. There’s simply no way new oil discoveries can make up for a 38% drop in production from existing fields. None.

We could drill up every drop in the Arctic National Wildlife Refuge and it would supply the world for only six months. And that’s using the most optimistic estimate of its reserves.

Here’s another way you can look at it.

We Need to Discover “Four New Saudi Arabias”

The IEA report says the world needs to increase current production by 45 million barrels per day — just to keep pace with current levels of demand.

How much oil is that? The IEA’s chief economist, Fatih Birol, says that means “bringing four new Saudi Arabias on stream” between now and 2030.

Again, that’s just to keep up with present demand. Add in growing demand from China, India, and the Middle East, and that 45 million barrels per day grows to 65 million — or FIVE new Saudi Arabias.

Do you think we’ll find five new Saudi Arabias by 2030? How about four? Even with aggressive exploration of deep ocean water and the Arctic? Didn’t think so.

Neither does our resident geologist Byron King.

Chances are you already know Byron from his many Whiskey & Gunpowder articles dating back to 2004. From the start, he’s been warning you about “Peak Oil” and its devastating consequences. Now his prognostications are finally going mainstream. In other words, the IEA is catching up to him.

Byron’s known for years about the frightening decline in Mexico’s Cantarell oil field, once the second largest-in the world. Production from July 2007 to July 2008 plunged 36%.

In fact, of the world’s four super-giant oil fields, three are in decline. Not just Cantarell, but also Burgan in Kuwait and Daqing in China.

And what about the biggest of them all? Well, we still don’t know the full story about Saudi Arabia’s Ghawar.

That one field accounts for 6% of world production. But for how much longer? Its reserves are a Saudi state secret. The IEA had to rely on computer models to analyze Ghawar. Not comforting, is it?

Even worse, the IEA report says the world’s smaller fields are declining at rates even faster than the super-giants.

Byron’s been warning about the decline of the world’s oil fields for years, both here and in the pages of his monthly research advisory, Outstanding Investments. And the IEA’s just-released numbers validate his warnings.

Yet what’s the story you hear now from the perpetually clueless mainstream media?

What the Mainstream Media Aren’t Telling You

You hear this: A global recession is killing energy demand. Oil prices are at a 20-month low today. Already gas is back to $2 a gallon in many places. Heck, SUV sales are up again. We don’t have to worry about energy shortages now.

Really?

Maybe you missed the story. On Monday, China unveiled its own “stimulus package” for the world’s fastest-growing economy. $586 billion to help build things like highways and airports. Which will be filled with cars and airplanes. Which use fuel. Lots of it.

Sure, China might not grow 10% a year anymore. But even if it slows down to 5%, that’s a lot of people giving up bicycles for scooters. And scooters for cars. They’re joining you and me among the ranks of the world’s big-time energy users. Permanently.

Bottom line: Energy use might be down in the developed world. But the developing world — China, India, the OPEC nations themselves — is more than making up for it.

Here’s something else the media aren’t telling you.

“Within Seven Days We’ll Run Out of Food”

Don’t look now, but U.S. gasoline inventories, according to Barclays Capital, are at 40-year lows.

That’s big-time vulernability. One big hurricane in the Gulf of Mexico next summer could knock out drilling platforms at sea, and refineries on shore.

That worries Matt Simmons, famed investment banker to the oil industry, the man CNBC calls “the ultimate oil insider.” He paints a dire picture of trucks with no fuel…and no way to deliver their food to stores.

“If we end up having gasoline shortages,” Simmons says, “the odds are about 90% that Americans will do what we always do: We'll top up our tanks. And in topping up our tanks, within three or four days we'll drain the pool dry and then within seven days we'll run out of food.”

President Obama ordering gas rationing? Doesn’t sound so far-fetched now…

This is the sort of thing that makes Byron King’s analysis in Outstanding Investments more important now than ever. The news today simply reaffirms it.

Outstanding Investments gives you information you can act on — and profit from — before it becomes front-page news.

Outstanding Investments was named by Hulbert Financial Digest as the top-performing advisory letter across a five-year period in 2005, 2006, and 2007.

Since 2001, Outstanding Investments has delivered gains like 160% on Western Oil Sands…228% on Niko Resources…263% on Coeur d’Alene Mines 332% on Glamis/Francisco Gold…and 668% on Metallica Resources.

But that’s the past. Byron’s far more concerned about the future.

A $26.3 Trillion Jackpot: Who Stands to Profit?

The IEA report says the world needs to invest $26.3 trillion between now and 2030 to meet global energy demand. That’s over $1 trillion every year.

Byron has spent the last two years researching which companies stand most to benefit from that huge flow of investment dollars.

When the inevitable shortages hit, these are the companies you’ll want to own. These are the companies best-positioned to deliver the biggest gains. The companies that can help you preserve and grow your hard-earned wealth.

Right now you can get free access to a special report from Byron called Crude Awakening: How to Survive the Total Global Energy Crunch of the Next 20 Years.

It identifies three companies you’ll want to own a piece of. Right now. Before energy becomes even more scarce.

Crude Awakening: How to Survive the Total Global Energy Crunch of the Next 20 Years is part of a six-volume Peak Oil Protection Library that Byron’s prepared. He makes it available free with a subscription to Outstanding Investments.

One year is just $49. Two years, $89. The choice is yours. Either way, you get the same guarantee: If you’re unsatisfied for any reason, you can cancel any time and get all your money back. Even if it’s the last day of your subscription term.

But whatever you decide, please act today. The IEA report just hit the streets today, and mainstream media attention isn’t far behind. Once investors realize what Byron has known all along, there won’t be any energy bargains left. And when the next breaking news story comes along, it could be too late for you to take maximum profits.

So for the sake of your financial future, it’s critical that you give Byron’s research a try.

Regards,
David Gonigam
Whiskey & Gunpowder

" The Economic Situation."

THE ECONOMIC SITUATION

My Thoughts On the Current Economy Situation

Thank the Lord that the altar of finances has been torn down. In my perception, since the eighties, there has been a preoccupation with money like never before. Whereas, a hundred years ago, there was a preoccupation with the weather, and the crops because bad weather meant no crops, which translated in no food for the family, and for the livestock. There was a rippling effect on the culture.

We find in Bible times that God allowed famine in the land to get the attention of the people. God knew how to get the attention of the people. Today, if the weather is bad we still have green houses to produce food, and our well being is not tied to agriculture. So God allows this financial famine that has hit our country and the world, so that the world might see there is no hope in this money, but their only hope is in the Lord.

True repentance needs to happen in order to see God working in our land on our behalf.

2 Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

Malachi 3:11 And I will rebuke the devourer for your sakes, and he shall not destroy the fruits of your ground; neither shall your vine cast her fruit before the time in the field, saith the LORD of hosts.

So we as Americans better get back to reading the Book, living the Book, and loving the Lord. For us who are doing those three things, though it rains upon the just and the unjust, the just are guaranteed provisions from the Lord, during this time.

So let’s just focus on the Lord and doing His will, and trusting Him.

Pastor Jerry Beaver

Good Country Song>>>

A Country Boy Can Survive

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For sure, many Christians including me have been "praying for God's Kingdom Come." But the real meaning of that phrase means an END to all earth's greed, corruption, immoral homosexual activity, ABORTION/ MURDER, and wickedness! And it seems that the majority of people, especially in the USA don't want that! Go figure...... they all KNEW that Messiah Obama was Pro-abortion and Pro-Gay, but they thought they could get some "free hand outs/ more entitlements" thru him so they locked Jesus in the closet and voted for their Messiah Obama. They made a choice. Here is a common scenario for illustration: ' Hmmm, let's see now, [ a young high school girl thinks to her self] I think that I am going to go riding with teenage boys and drink a lot of booze....duh ' And after the young 'lady' gets pregnant or worse, dies of an overdose of drugs --people just can't figure it out. That's about the time they MIGHT turn to God for answers, when all the answers were written in His grand Book thousands of years ago. ****Remember, 'when all else fails-- read the directions.' ****

I was raised in a non-Christian family that never once cracked open God's Word, so I didn't have the benefit of a good bible based childhood. I found the Lord about 7 years ago and finally figured out the meaty important parts of the Bible, PTL ! We would all wish that we could say that, "It's never too late to learn about God" -- but in fact there will come a day [and perhaps soon] when it WILL BE TOO LATE! And it's not about getting the truth before you die of old age, but every day people get shot, stabbed or run over by a car or truck, have a fatal heart attack, etc., and then where will they go for ETERNITY?? Good question.

Just some food for thought as we muddle thru this economic rat race that is consuming so much of our time and 'News Media' TV babble.


I have been told a few times that I am very direct, blunt and out spoken. I am not doing it to become a ' radio shock jock' but I would like to get some people's attention. Hard though to compete with all of Satan's glittery world and His entertainment.. but I have to try. The book of Ezekiel talks about 'blood guilt' for NOT sounding the alarm while guarding the city from enemies. The same principle is true for ALL Christians if they don't give their best at sharing the Gospel [Good News' about God's purposes and plans to mankind.

Sharon and I had a very full day doing a little shopping and getting the oil changed on the truck before Winter, etc.


Terrible Tom

I can't wait until it snows hard up to my ears !!!


Later,

Tom