With Peak Oil Comes PEAK GOLD & SILVER

By SD Contributor SRSrocco:

In just 10 years (since 2002), Norway’s oil production has fallen from 3.25 million barrels a day to below 1.25 million barrels a day presentlyThis turns out to be a whopping 61% decline in a mere decade.  It is a crying shame that the so-called POWERS THAT BE, have not allowed all that ABIOTIC OIL, to flow back into this field to replenish it.  It is really amazing how much power the CABAL has in controlling the oil markets < (insert sarcasm here).

Once the world realizes that the GREAT SHALE ENERGY PARADIGM is another DELUSION, we will start to see what a real decline of global oil production will look like.

When there’s peak oil… there’s going to be peak GOLD & SILVER.

I like to bring articles and tidbits about energy in this precious metals blog because without energy… all that wonderful gold and silver would just remain underground.  In a new article that came out today.. it looks as if Norway’s oil production just may fall short of its forecast this year:

Norway oil production may to fall short of target

The average daily liquid production in September was: 1 243 000 barrels of oil, 205 000 barrels of NGL and 66 000 barrels of condensate.  The total oil production on the Norwegian shelf is 15 per cent below the prognosis for September.

Here is a nice chart done by Darwanian at THEOILDRUM.com:

In just 10 years (since 2002), Norway’s oil production has fallen from 3.25 million barrels a day to below 1.25 million barrels a day presently.  This turns out to be a whopping 61% decline in a mere decade.  It is a crying shame that the so-called POWERS THAT BE, have not allowed all that ABIOTIC OIL, to flow back into this field to replenish it.  It is really amazing how much power the CABAL has in controlling the oil markets < (insert sarcasm here).

Once the world realizes that the GREAT SHALE ENERGY PARADIGM is another DELUSION, we will start to see what a real decline of global oil production will look like.

When there’s peak oil… there’s going to be peak GOLD & SILVER.

Got your physical?

Comments

  1. Can we be sure that Norway has not reduced production in the
    anticipation of much (MUCH) higher prices in the near future?

  2. AWWWWW…..come on man….

    You know darn well that “Abiotic oil” is real…..afterall, all sorts of reputable people espouse it 
    I mean shit….saying you don’t believe in Abiotic oil is like saying that headaches are not caused by little demons with pitchforks that live inside our skulls  – when we all know it’s true.   /  sarcm off / 

    • Its kinda like prepping, huh?  If your right, then fine. All is well.  However, what if its not all its made out to be?  Can you go “all in” and take that gamble and not be prepared?  Methinks not.

  3. I’ll be the first to admit I know little about oil production and availability in the planet earth. Even though my grandfather was in the oil bidness in Oklahoma in the ’30s, the chance of becoming stink-eye Beverly Hillbillies rich ended when he blew himself up mishandling explosives. Oh well!
      Most of what I think I now know comes from others and I’ll also admit that if these proponents are half right, we’ll be well screwed. 
    If oil, gold and silver ramp up and down in some symbiotic relationship, the the day of $200 silver and $5,000 gold means the price of oil is going to go vertical.  That will be extremely painful for those who suffer the consequences of an oil price explosion. 
    The only way I foresee to front run this price explosion is to own an oil well or a boat load of gold and silver (preferably silver) or both.  This seems to be the way of the world coming soon to our neighborhoods.  The demarkation between haves and have nots will be even more gross than it is today. We do not seem to have the will to wean ourselves off the petroparadigm any time soon too boot.

    • Oh that sucks for your grandfather! You could’ve inherited his wealth and become a rich guy who buys silvers to protect like Eric Sprott. But not too much as you might end up like the Hunt Brothers. But anyway, we don’t need to think of that since he’s not here. :(
      You could still buy a gallon of gas for 25 cents, :) if it is paid with pre-1964 American silver coins so high gas prices won’t matter that much! :D

  4. Taking the US’s playbook, huh? 
    WE (I mean TPTB) shut down the North Slope from the MSM almost immediately, but I remember
    when it hit the media. Then NOTHING. Total news BLACKOUT. But I heard it that one time!
    AND I REMEMBERED…  

  5. While I don’t believe in abiotic oil we are facing peak oil soon, new sources are not going to be able to keep up with increasing demands from developing countries like India and China.

  6. I think the relationship between Oil and PM’s is coincidental rather than anything more intrinsic.
    Gold and Silver have been round for years, hundreds of years if not thousands. Oil has been used for hundreds of years in small scale local economies for heating etc, in the mid 1800′s crude oil began to be distilled into separate products.
    From then on more and more industrial uses for petrolium products grew, firstly in steam engines then internal combustion engines.
    Petrolium products began to replace more and more of the other natural oils, waxes and solvents obtained from – trees in turpentine, waxes and oils for lighting and cosmetics from whales, pitch and tars from more traditional sources like coal seams.
    Petrolium, gasoline and diesel contained more energy than whales, trees and coal and eventually superceded these sources as the be all and end all of solvent, fuel and eventually fertilisers and plastics etc.
    Peak oil discoveries in the mid 60′s is an extended fore runner of the inevitable peak of production due to the equation - energy in v’s energy out, we simply can’t keep going deeper.
    What the Earth needs (well, advisadly speaking) is a new energy source to replace fossil fuels like it did in the conversion from steam and other sources.
    Photovolaics is a possibility but there is not enough fossil fuels left to manufacture the solar PV’s to replace the energy used today.
    Nuclear is pretty much a dead argument – if all the power generated today was to be replaced by nuclear over night, there is only enough uranium in the ground to run it for 8 years so why the hell would you even think about making that toxic mess ?
    The next generation of energy will be electronic in some way, this fact will see the consumption of Silver to the point where it is cost effective to recycle, which I think I read somewhere is around the $270/ounce mark on the current consumer usage of electronics.
    As for Gold I couldn’t say about it peaking or not but if the Chinese continue to purchase it like they have then it stands to reason.
    Keep stackin : ) 

    • Consider FREE ENERGY. Really a misnomer, but think of “Electronic Windmills”. 
      They tap into flows (energy fields) that exist in nature, predicted by Tesla.
      Field Theory and all that, real physics stuff that few even know of, let alone
      understand. It is coming, if not already here, but Big Oil has pretty much
      relegated these devices to secret military practical uses. A friend of mine
      had a daughter in Iraq, she was in the tent city, near the big “deuce and a half”
      that carried the generator system. Everyone had power, but oddly enough,
      the diesel was not running… I got the story second hand (from him) but she
      was astonished that the supposed source of power was running w/o its
      diesel engine powering it! No proof in and of itself, but I do track these
      stories, and there are thousands of accounts that suggest the US Govt.
      has suppressed new tech that could get us out of the Oil Paradigm forever!

      Too hard to regulate and tax, is my theory. That answers the biggest question, “WHY?”  

    • Unfortunately for us, the biggest profits lie on the back side of the Peak Oil Cliff… 
      So new revolutionary technologies are still being shrouded in secrecy. Count on it! 

  7. Seriously, when would you expect to see a real decline in global oil production?  Why?

  8. Our current modern time is the most luckiest one to be compare to others during the history of mankind. Being able to buy anything we want from just a local grocery shop, getting precious metals very cheaply, getting a lot of foods very cheaply plus more. All of these thanks to oil. Oil allowed us to get fast transportation and produce a lot of commodities. It would be sad if that liquid energy becomes scarce and then disappears.

    • I’m with ya there, but, as the empire begins to crumble, TPTB try to keep it propped up. I’d rather see oil get phased out as a main source, if we can mobilize a replacement that is economical. Tesla was supposed to have built an electric car that had a self-charging Radiant Energy Circuit. That alone could de-throne OIL as the main energy source for transportation. I believe it is very likely we will someday have such a system, but who knows when?

      Oil has been good to us, but we are passing the PDR (point of diminishing returns) and it gets mighty expensive from here on out! 

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