I guess Ayn Rand was right.

'Reason is not automatic. Those who deny it cannot be conquered by it. Do not count on them. Leave them alone.'

I did not say that the media has promoted energy surplus for a century. I said they have done so for 15 years.

Of course articles promoting oil plenty reference the scarcity meme, that is what they are trying to bury.

Hi DB

I don't think I misunderstood at all. You write:

"... It is true of late, the mainstream has been trumpeting energy availability, and we are still not sure why ... "

My phrasing of the exact same sentiment was:

"... someone promoting the elite meme of 'we have lots of oil, and don't worry about running out because technology will save us... "

Danny B was reacting to MY comments that we have are in the middle of a major energy crisis, not any elite published information.

As example of ELITE promotion of energy abundance which you have courageously begun to acknowledge, you can go back to the famous article:

May 4th, 1999
The Economist
Drowning in Oil
Click to view link

Or any of these articles:

February 2003
US commercial oil stocks reach low
Subscription - Financial Times - Feb 20, 2003
"Cambridge Energy research Associates (Cera), the Boston-based consulting group, expects world oil prices to drop after any war to the low to mid $20 range."
February 2004
As Demand Rises, Oil Firms Focus on Finding New Reserves, Expanding...
$6.95 - Dallas Morning News - Click to view link - Feb 11, 2004

June 2005
Putting a cap on oil supply worries.
Subscription - Dallas Morning News - HighBeam Research - Jun 22, 2005
"The growth in oil supplies could force prices well below $40 a barrel as early as 2007, The CERA report said."

July 2005
'It's not the end of the oil age'
Washington Post
Click to view link

September 2006
'Plenty of oil--Just drill deeper'
Business Week
Click to view link

June 2007
"ISTANBUL, June 27 (Reuters) - World oil prices will drop to the low $60 range by the beginning of next year as long as the security premium in the world oil market does not rise, said Daniel Yergin, chairman of Cambridge Energy Research Associates."
Click to view link

September 2007
CNBC video
$80 is not supported by the fundamentals unless there is a war with Iran….'
Click to view link|MW|video4

Please, DB, if you are going to respond, please include a rational answer for why The Economist, CNBC, Reuters, The Washington Post, Business Week, The Dallas Morning News, and The Financial Times, surely as elite a list of publications as exists, would publish articles over 15 years ALL of which promote the energy is plentiful and cheap don't worry meme if the elite were trying to promote energy scarcity.

You wrote: 'It is true of late, the mainstream has been trumpeting energy availability, and we are still not sure why …WE ARE NOT SURE WHY…'

I believe I have demonstrated in the last few posts that I know what I am talking about. How about publishing an article on you site by me about WHY the elite have been promoting energyabundance for well more than the last 15 years….

Reply from The Daily Bell

You are standing these issues on their head. And unfortunately for your argument, even the articles you cite implicitly recognize oil scarcity. It is only now in the past year that we have begun to see a new meme - the theme of oil plenty. We don't fully understand this new meme but we certainl cannot follow you to the conclusion that the media has constantly trumpeted oil plenty over the past century.

The entire marketing scheme, beginning with John D. Rockefeller himself coining the nomenclature "Fossil Fuel" and continued via Big Oil funding of the environmental movement was intended to support a scarcity meme. The solution of course is central planning and highly controllable, centralized technology including vast, centralized wind farms, solar funds, etc.

All right Danny B!

Finally someone promoting the elite meme of 'we have lots of oil, and don't worry about running out because technology will save us' has the guts to actually try to create an argument rather than relying on 'because my religion, er, economic theory says so'

Now, before I go any further, I have to disclose that I am in the solar business. My company manufactures solar tracking power systems. I chose this business after studying the energy business and all of the technologies listed by Danny B from well over a decade.

So, let's start with the very positive sounding stats on solar.

Danny B writes: 'India added 12.4 gigawatts of solar in 3 years. China has 100 gigawatts of wind energy in the pipeline. Germany has 5 times as much solar as America'
All very true. Here is some context.

Germany has an installed capacity of more than 32.3 gigawatts. This is a truly staggering amount. As Danny writes, this is 5 times more than the US, despite the fact that Germany's total energy consumption is 1/8th that of the US. But seen in context, this massive solar installed base equals 0.163% of Germany's total energy consumption. Also remember that this was accomplished during the greatest economic expansion in world history, with plentiful financing.

Click to view link

Now, to put China's awesome plans to install 100 GW of wind turbines. Here is the Total energy Consumption of the US, Germany, and China.

US 97 Quadrillion BTU's
Germany 13 Quadrillion BTU's
China 110 Quadrillion BTU's

Click to view link

So, if 32.3 Gigawatts is 0.163% of Germany's total energy consumption, then 100 GW of wind turbines represents .06% of China's total energy consumption. To be clear that is not 1/100, not 1/1000, it is 6/10000 of China's current energy consumption.

In Germany's case, it took more than 25 years to install that 0.163%, and China has not even begun to install the quoted 100 GW.

For comparison, from 2005 to 2011, the total amount of oil and oil substitutes available for export fell from 47,398 million barrels to 45,965 million barrels, a drop of 3% in 6 years, (and despite spending 2.4 TRILLION dollars of capital on the development of new sources). For further context on this fall, the real crash in oil supplies has not even begun. Sometime between now and 2020, as a very conservative date, exportable oil is going to start dropping by more than 2 or 3 percent per year.

Our debt based money creation is totally based on continual growth. Without growth, it becomes mathematically impossible to pay the interest on debt. Without a continual increase in the supply of energy, growth is impossible. For anyone who is not a slave to untested economic theories, this is plainly evident.

Exportable oil peaked in 2006, started declining in 2007, and we have experienced the inability to service debt since 2008. A coincidence? I don't think so.

Now let's look at the Algae fuel idea. Here is the typical story of one of the dozens's of algae fuel companies that have shut down:

After cutting nearly half its staff in January, algae producer startup GreenFuel is closing up shop. GreenFuel investor Duncan McIntyre at Polaris Venture Partners tells Greentechmedia that the company is a VICTIM OF THE ECONOMY and is shutting down. That's despite Polaris, Access Private Equity and Draper Fisher Jurvetson pumping more than $10 million into the company last year…

Producing algae at that scale - the company won a $92 million, 25,000 ton-per-year algae production deal with Spanish engineering firm Aurantia - JUST PROVED TO BE TOO EXPENSIVE. AND WITH THE DOWNTURN, LARGE AMOUNTS OF FINANCING FOR RISKY PROJECTS LIKE ALGAE PLANTS ARE JUST NOT AVAILABLE ANYMORE.

Source: Click to view link

Here is the amount of Algae fuels being delivered to the market right now: 0

Annual losses to produce this amount of energy:

$100,000,000.

Sustainability of losing $100 million per year to produce 0 energy in an accelerating global economic crash: Your guess is as good as mine.

As for Geothermal, I agree that it is a great idea and should be developed everywhere it is possible as fast as possible. Here's the catch. Geothermal has 0.05% the theoretical energy potential as solar. (See the figures for solar installation above.)

Danny, you can go on and on all you want. If you dig in and do the patient research, and if you can get your thinking out of the 'untested economic theory' box and out of the 'technology will save us'box, a few facts are incontrovertible.

1. We need to invest everything in renewable energy technology as fast as possible. This should be a global Manhattan project.

2. Regardless of 1. There is no hope to replace the already declining coal and oil supplies without a complete breakdown of the global economy.

3. We have to eliminate debt based money creation and fractional reserve banking.

4. We have to replace the global economy with a LOCAL economy on libertarian priciples, not a global government.

It was control by elites at the top that got us into this problem. If we don't fire them and do things on a smaller, free market, libertarian way, it will just happen over and over again, as it has been since the times of the pharaohs….

Reply from The Daily Bell

You may have misunderstood. We believe Danny B. was reacting to the elite "energy scarcity" meme we've reported on. It is true of late, the mainstream has been trumpeting energy availability, and we are still not sure why ...

I'm tired of hearing about all this energy shortage bullshit. The Monterrey field in California is supposed to have twice as much oil as the Bakken. THAT amount is INCONSEQUENTIAL to the latest tech advancements in carbon fuels.

Click to view link
u=43895016&l=544032&r=Milo

Yes, Rossi is making great progress on the E-cat.

The GEET by Paul Pantone shows great promise also.
Click to view link

India added 12.4 gigawatts of solar in 3 years. China has 100 gigawatts of wind energy in the pipeline. Germany has 5 times as much solar as America.

China Lake in California has HUGE geothermal potential. I could go on and on.

MOST of you need to do a LOT of reading to keep up with recent developments.

Even manufacturing is poised to change more than ever before. It will be decentralized.

Click to view link

If you try to close the page, it will offer you the option of reading text rather than listening to the vid.
Y'all need to start reading ray Kurzweil.
Click to view link

Tech is changing so fast, that you can't have a conversation on economic matters without consulting the latest relevant technology.

Reply from The Daily Bell

Thanks.

I apologize for all the misspellings in my post.

Of course this is also off topic as was Hugo's "ancient lost continent" link and also on the opposite side of the Indian continent.
Click to view link

The DB writes "But what we don't understand is why you keep insisting that the top elites promote energy plenty as a matter of course."

#1. I have been studying and following the peak oil theory for 17 years, and have collected literally thousands of articles from both the main steam press and alternative press. The ratio of articles promoting the idea that we have enormous supplies of fossile fuel energy to articles questioning the idea is easily 200 to 1. How can that support the elite meme in your paradigm?

#2. Results. Here in North America EVERYONE thinks that there is hundreds of years of fossil fuels left. I mean the unemployed and uneducated, the white collar middle class, adacemics, policy wonk's, everyone. How does your paradigm account for that?

#3. As previously stated, I read George Bush differently than you seem to. I hear him saying that we import too much of our oil from the middle east, but don't worry, be happy, technology will save us.

Reply from The Daily Bell

We will agree to disagree. If you believe that the average person in Europe and the US believes we are awash in easily available energy, well ... you are welcome to your views. They match absolutely no reality that we understand...

Curiously, the same day I read this I also read of an Immense oil shale deposit just "discovered" here in Oz. (250 billion barrels) Connecting odd things to see if they fit (a habit of mine) I notice a strange release from NASA about how "one day" we may have our own personal nuclear reactor...

They describe a LENR reaction identical to that being developed by Rossi with his eCat, ie nickel nano powder + hydrogen yielding copper plus bulk heat. They say they have not yet generated excess heat but will "one day".

Rossi's main problem seems to be throttling the damn thing down so it doesn't run away and melt the reactor (nice safety mechanism, the reaction stops when the nickel melts). So Basicly they are admitting its Real, just not Too soon. This admission alone is very interesting - I guess with the Internet it's getting too risky to kill all the people involved this time.

Over all their biggest fear is the fact that these types of "free energy" are eminently suited to small scale local production. Ie no grid, ie no CONTROL grid.

So the connection is that the meme they are introducing is that we don't need Exotic energy sources, we've got heaps of energy. We just need BIG power stations/mines/grids etc.
So just ignore all this fancy "free energy" stuff, not worth developing since we have energy coming out our ears...

Reply from The Daily Bell

Great analysis, thanks. A game of some sort seems "afoot."

" APNewsBreak: Taliban attacks not down after all"

Click to view link

Thank you very much DB for actually responding with some facts.

As answer, here are 39 quotes from the illustrious George Bush on the energy.

Click to view link

For some context to the Bush administrations energy policy, remember that Cheney chaired the Natinal Energy Policy development Group. As a result of that study, the Bush regime went on a spree to diversify the US away from dependance on mid-east energy and to develop the very technologies that are currently responsible for the delusion that america is soon to be energy independant.

Here is just one quote from Bush.

"Keeping America competitive requires affordable energy. And here we have a serious problem: America is addicted to oil, which is often imported from unstable parts of the world.

The best way to break this addiction is through technology. Since 2001, we have spent nearly $10 billion to develop cleaner, cheaper and more reliable alternative energy sources. And we are on the threshold of incredible advances. So tonight I announce the Advanced Energy Initiative -- a 22% increase in clean-energy research at the Department of Energy to push for breakthroughs in two vital areas. To change how we power our homes and offices, we will invest more in zero-emission coal-fired plants; revolutionary solar and wind technologies; and clean, safe nuclear energy.

We must also change how we power our automobiles. We will increase our research in better batteries for hybrid and electric cars and in pollution-free cars that run on hydrogen."

In other words, don't worry, be happy, technology will save us. That meme, that you knowingly or unknowingly are promoting, is a TRAP.

Anyone who doesn't want to fall into the trap has to wake up.

Here is an analogy.

While the elite are busy sawing the supports of the bridge in half to create a collapse, they have to keep the motorists confident that the bridge will not collapse. Hence the meme, don't worry, be happy.

If Bush had NOT done what he did, then the motorists would have begun to notice that the bridge is falling apart by now.

In other words, you have to keep people confident until the very moment of collapse, so you do the following. Cook the statistics to overestimate the status of the economy, print money to disguise the credit contraction of the money supply, fund ridiculous technologies like fracking to disguise the energy supply, promote low benefit tech like geothermal, all the while seriously underfund the one actual answer which is solar...

This is an ancient trap. It is called in Anthropology the Hydraulic Trap after the egyptians who dammed the nile, increased agricultural productivity and thus population, and then trapped the population, because without central control of the dam, lots of folks would die...

A responsible political leader would admit that exponential growth on a finite planet is impossible and that we need to restructure everything in our economy to be low energy consumption, and thus low consuption, but the malevolent power controling the money power would oppose that and so we get the politicians we get...

Reply from The Daily Bell

Reading this post is like examining a ball of confusion from which some brilliant points of light emanate.

For instance ... You may well be correct that the reason the mainstream media trumpeting new energy finds is to set up society for a final crash - in which case these finds will suddenly become inconsequential.

That makes sense within our paradigm. But what we don't understand is why you keep insisting that the top elites promote energy plenty as a matter of course.

You use Bush as an example - but actually he spent much of his administration advocating increased energy generation as an antidote to the SCARCITY.

The elites apparently promulgate scarcity memes as matter of course in order to frighten middle classes into giving up wealth and power to specially prepared globalist solutions.

For Decades, there is energy everywhere... .

Despite the Daily Bell's inability to see reality, the elite and all mainstream news outlets have been promoting the meme that there is an abundance of energy for at least 20 years.

The reason this meme is being promoted so heavily is simple. In order to establish their one world government, they have clearly and obviously stated that their chosen mechanism is to destroy the world economy and then step in as the saviour and enslave the worlds population yet again.

The current peak in energy resources is a bit like a weather weapon. It is anonymous and provides plausible deniability. Because the peaking of energy supplies is an immutable fact and the consequences unavoidable, it allows the elite to do 'everything in their power' to fight the collapse and still know that it is going to happen.

If you value freedom, think for yourself and do some research.

Now the Daily Bell will either ignore this, ridicule it, or respond with irrelevant facts as distraction.

Good luck to you all.

Reply from The Daily Bell

"Now the Daily Bell will either ignore this, ridicule it, or respond with irrelevant facts as distraction."

George Bush promoted a meme of energy plenty? From John D. Rockefeller on down, oil men have always beat the drums for scarcity. John D. labeled oil a "fossil fuel." George Bush's best friend in Texas was perhaps an energy investment banker who spent much of Bush's first term traveling around the world promoting a book about oil scarcity and how prices were going to go up. Bush did his part by invading Iran. You seem to have it reversed.

Btw, totally unrelated to this post. Did the DB catch this one? 'Ancient lost continent found buried under Indian Ocean' Click to view link

In the last 'ancient history' video you hosted a smaller continent was shown. The remainders?

Reply from The Daily Bell

Right, we were going to write about this and we still may. The meme of "the grandeur that is us" - at the solitary apex of civilization - seems to be imploding ...

My pleasure DB, the least I can do. For other readers, here the working link :) Click to view link

Hi DB,

Interesting piece again. To always keep challenging our beliefs here is a well done piece on the water shortage meme Casey Research that actually supports the meme.

Click to view link

On the other hand why destroy Libya's waterworks... ..

Reply from The Daily Bell

Thanks, Hugo. Always appreciate your comments.

Rwanda seeks partnership with China 2013-02-21

Click to view link