Jim Jubak on Peak Oil

[ggadguy]

To protect yourself against the economic collapse, check out Peter Schiff's videos, articles, and his podcast, all on one page at Peter-Schiff . com.

[valereydyachuk]

People, there is no peak oil, oil doesn't come from fossils, period. Look up "abiotic oil." Jim Jubak was wrong about the oil market this year and had been wrong in the past. This guy is a loooooser.

[thenoblegeek]

You are the looser because Peak Oil has already been proven. Read about M. King Hubbert and his prediction for Peak Oil within the USA - he got it right. Hubbert didn't get the worldwide peak predicted correctly mainly because of technological advances but he will ultimately be proven right. Note: The peak may have already occurred but the global recession has masked it.

[nextlifeguitarist]

@thenoblegeek holy words mate! King Hubbert was a great geologist and he predicted the global peak around 2000, peak seems occurred in 2008, looking at the extraction data.

So King was wrong only by 8 year and considering the poor data that he had at the time, the error was INCREDIBLE small! hands down!

[brandonlasvegas]

I like that comment. "shortage of oil forever". Wow!

[ingemar03]

This video of James Jubak's is another hint to the secret not many paople actually want to be aware of today. Thanks for this great video post.

[newculture]

Thank you for posting this. Very interesting.

[oilcrash1]

even more on peak oil @ oilcrash DOT com

Robert Atack

[crazycoyle96]

plastics, pesticides, fertilizers, clothing, all require oil. We used 30 billion barrels in 2006, but found 5 billion, how much longer can that last?

[soylentgreenb]

We use natural gas for nitrogen fertilizer now, because it makes financial sense.

There are already quite a lot of places were it would make financial sense to make N-fertilizer using electricity in the longer term assuming NG prices at least stay where they are(even better if they go up). In the short term, yeah it sucks because you're investing all that money up front.

There are pilot projects under way.

[soylentgreenb]

Regarding P-fertilizer, only the phosphate mining needs to be petroleum powered; the process for P-fertilizer production is already mostly electrical in nature. In a pinch, surely we could produce enough electrical mining equipment and EV's to meet the demands of such a small industry.

[soylentgreenb]

Clothing "requires" oil now because it's economical to produce it from oil. We can just as well make if of linen, cotton, wool or hemp-based fibers.

None of these inherently needs oil. When it stops making economical sense we can easily use cheap, abundant fission power for many centuries to come.

The critical factor is whether we can bring enough alternatives online in time and what demand destruction will be like. Fission plants take a hellishly long time to build.

[aangel100]

Even if we had the fuel to build as many plants as you say (google Lean Guide to Nuclear Energy), we should use that energy to decommission the existing ones before we are stuck with them -- no money and not energy to responsibly deal with them.

[profgoose]

if you're interested in learning more about peak oil, come over to The Oil Drum (theoildrum DOT com).