Peak Oil - Matt Simmons Part 1

[jjstoney1]

For an example of what less oil means, look at farming in North Korea. Do you want to live like that? The current six billion plus people are utterly unsustainable without fossil fuels.

[sangolt88]

@jjstoney1 We are 6.9 billion of us now. Better prepare for world wide chaos.

[jjstoney1]

I hear that people will work from home when no longer able to drive gas cars. Doing what work? Eating what food? The only way they could possibly survive is if the governments also turn into large scale free food distributors. Still, a large portion of human beings will have to turn to hereto unknown ways of occupying their time. The largest welfare project in the history of man will have begun. We need to get a clear view on our future and take steps now.

[jjstoney1]

Since Canada is bound by NAFTA for natural gas deliveries to the US, how will they possibly have enough natural gas available to process the tar sands? The extraction of crude oil from tar sands uses a lot of natural gas energy for the extraction. It does get cold in Canada and I'm sure the citizens there are going to want to use heat in the winters to stay warm.

[jjstoney1]

How will people react when food supplies also peak? Modern agriculture is almost totally dependent on fossil fuels. Fertilizers, pesticides, and high water usage is the hallmark of modern crops. Our current population is not sustainable without high usage of petroleum, natural gas. What will happen when the inevitable decline in crop yields occur?

[jjstoney1]

The oil companies have merged, downsized, will not build new refineries and still say they can meet the ever growing world demands for oil? The demand for oil is on a steep curve upwards. If oil production is on plateau or worse on thedecline, the quality of life, much less the survival of most of the worlds present population will be in great jeopardy. It will happen.

[langsidedrive]

Thanks for your confirmation Matt. RIP. I bet Douglas Adams would have liked your thoughts.

[ArthurDentZaphodBeeb]

Good riddance to this crazy old coot. Couldn't even live long enough to lose his much publicized $10K bet with the NYT about oil averaging $200 bbl this year. WTI will be lucky to average $80 because of 4-6MM bbls space capacity in OPEC.

[bobbygnosis]

Oh seven.

[ebach1]

when was this inreview originally held ?

[ALP5050]

It said in the video "Cal Tech 2007" so I assume thats when. He also talkes about production rates in 2007.