Peak Oil - Last Oil Shock - (part 3 of 4)

[ancalagon12321]

I know it doesn't drastically change the overall picture, but it annoys me that neither of them point out that the "spending 8 billion to get 4 billion worth of oil" problem resolves itself once the price of oil doubles.

[OperationCrossroad]

You are absolutely right. But what will happen to our economy when oil hits $200/bbl? Most economists think that it's just a matter of drilling a few more holes in the ground and then everything will be honky dory. They don't understand that the rules of the game change once you reach the maximum daily oil production. Once you've passed the peak, the economy has to contract.

[UnderseaCaveman]

Eventually, we will go to bicycles....cuz, it will be faster than walking...LOL!

[Mechman064]

The smart people will buy their bicycles now and get trained up in riding the thing, then they will be ready when TSHTF. If they can't handle a bicycle, they can get a 50cc motor scooter (which you don't need a motorcycle license for in most states). A scooter like that can get over 100mpg and it's faster than a bicycle.

I have a 150cc 70mpg scooter on order but I might get a bicycle engine kit as well. They get about 150mpg. My motto is adapt now and suffer less later.

[UnderseaCaveman]

mechman, agree....I am reconfiguring my life so that I can bicycle to work (or ride a light Motorcycle, if I don't feel like pedaling some morning). Sooner the better, plus imagine the "waiting list" to receive the bike order, when TSHTF. "Oh, the humanity"...

All those poor fookers counting on zero-point energy (or some other perpetual garbage) to save them...I feel for them!

[Mechman064]

UnderseaCaveman: People often say "It should hurt to be stupid". Those people will soon get their wish. All my life our society has encouraged stupidity and even subsidized their reproduction. I don't think can afford such luxuries much longer. Beware though, stupid people can get pretty violent when they're hungry.

I'm a liberal Cum-Ba-Ya singing, love your neighbor, tree hugging, wannabe hippy, democrat but I'm going to the firing range almost every weekend to practice with my Springfield 9mm

[UnderseaCaveman]

well then maybe you got a serious libertarian streak in you.... how do you feel about Free Markets vs Subsidized?

[Mechman064]

AAAAHHHH! You take that back!

I'd better not say anything more (:

[UnderseaCaveman]

Ok...there's also a Socialist Libertarian version, check Chomsky and son of Milton Friedman.

But, seriously, just one question:

Free or Subsidized?

[Mechman064]

I'm plugging my ears

"Ya ya ya Da da da"

Sorry I can't year you

[femmepen]

Zero Energy, fuel cells, and water power are the only answers here. They are coming. I'm not panicking. We must remember that the "Peak Oil" screams have been ringing with the same scenario in the 70's, 80's, and 90's. They have technically been incorrect all along. We can't buy into the panic.

[OperationCrossroad]

The two oil shocks in the 70's were the results of geo-political events (1973 Yum Kippur war and 1979 iranian revolution). Back then all sorts of people freaked out and started claiming that we were running out of oil. People in the "know", like petroleum geologists, were aware that this was B.S.. However, 30 years later, those same geologists are telling us that today's oil current global oil production (about 85 millions BBL/day) physically can't be increased and will soon start shrinking.

[valhala56]

The panic is going to happen. Joe and Jane America is just not ready for this. When there is gas, food shortages it will seem like a science fiction movie like soylent green. Some Peak oil people see America living like Amish. Some my try but for most it won't work.

[OperationCrossroad]

I too believe that we're in for a rough ride. Soon there will be a lot of angry people roaming the streets wondering what just happened to them. They'll be thinking: what happened to the prosperity I enjoyed a few months ago? Not understanding that prosperity enjoyed by western countries in the past 60 years was possible only as long as cheap oil was plentiful. The transition between the old reality and the new one will extremely unpleasant, to say the least.

[valhala56]

Fox News this weekend, had a special on fuel prices,they didn't call it "peak Oil" but they pretty much described thought leaving most of the really bad news out. CNN has been running a similar show for a year or so. Everybody I talk too, and this is including Professionals have no idea of "Peak Oil" I guess in a way most people not realizin what is going to happen may not be all bad since if they did it could bring the panic sooner. I don't know maybe I'm wrong.