Petro Dollar Demise
Oil is produced naturally without any need for biomass, otherwise we would have run out a long time ago. There are planets that have hydrocarbon atmospheres that have never seen a blade of grass, let alone a tree. Hydrocarbons from which oil and gas are produced occur naturally and are abundant throughout our corner of the universe.
Each and every scientist, oil and gas corporation and stock market racketeer that has promoted the peak oil BS needs to be put in front of an honest judge appointed by humans, not governments.
Giant oil field discovered in China with over billion tons of reserves
#China to become largest natural gas consumer in the world by 2040-2050 https://t.co/C3O7ukbRjG
— RT (@RT_com) October 24, 2017
“Nearly 1.24 billion tons of crude have been found so far with about 520 million tons of proven reserves,” officials at the state’s company subsidiary PetroChina told the media.
The company stressed the discovery came after ten years of geological exploration in the area.
Russian oil major targets strategic Chinese energy market https://t.co/YzPGSnM6Vqpic.twitter.com/WhyqwR5l4H
— RT (@RT_com) November 20, 2017
Chinese oil majors such as PetroChina and China National Offshore Oil Corporation have been ramping up exploration efforts as domestic output from fading oil wells keeps falling, according to Reuters. PetroChina officials said the company has increased production capacity at its Xinjiang oilfield by 1.38 million tons this year or about 27,000 barrels per day.Continues https://www.rt.com/business/411524-china-trillion-oil-deposit-discovered/
Map showing the location of the Xinjiang Uyghur Autonomous Region
to produce more CO2 in a vain effort to offset climate cooling?
Snowing (near sea level) in Wales today.
#Xinjiang, #Peak_Oil, #Peak_Climate