Loren...Great summary of the peak oil production concept. There are many factors that control the price of oil. Oil commidity speculators are often blamed but the underlying controlling force will always be supply and demand. Until we learn how to live in harmony with limited resources we will have to live in the shadow of stress caused by an uncertain future.
We can change our lifestyle, but first we must want to change.
I would like to invest many barrels of oil into solar panels. Help to ease our natural gas and coal usage at power plants at least. Continue to develop alternative fuels and stop the wasteful luxury lifestyle that the US (and the rest of the world trying to emulate us) has so far been living. The energy debt of fossil fuels is now or soon to come due.
good video. agreed that NG can offset the decline of light crude, the problem is that in order to meet demand in the US and CA, we'll need to rely almost entirely on imported LNG from places like Russia. Scaling up to allow increased imports of LNG is expensive and very political since a receiving terminal is a HUGE target for terrorism. 1 LNG tanker is the equivalent of a small nuke.
peak oil is a lie.... dozens of substitutes including free energy technology are and have been suppressed for a century ....Even modest efficiency improvements to the internal combustion contraption are stonewalled by the energy parasites.
Coal to liquids is desparate and dirty... no wonder hitler ran out of fuel to run his armies.... nothing has the power, pop and portability and cheapness of oil to run our economies....
Alternatives yield less net energy ie coal to liquids, ethanol, shale oil from rock, tar sands, etc...you don't put one barrel in to any of these and get 40 barrels out like the mature declining fields we've been living on....
Im not hippy or environmentalist, the earth is screw. Because of our necessitate for more and to live in an idyllic state that everything is abundant. In actuality its not oil never-ending, it finite and in next to no time were going to out pace it yield. then were screwed as a civilization, legitimacy we run on oil.
oil is a finite resource, mankind will out pace its demanded. small simple example... with the advance of technology, people live longer, huge children(global scale)mortality decrease,and human population increase. as a bloody race we live beyond our needs, and alot of developing nation are using coal and fossil fuel as scource. so in other word, there won't be enough oil for everyone and were killing the 20,000 yrs stable evironment that helping us doing this in the first place.
This comment has received too many negative votesshow
The minute you made this video the supply of oil was going up and demand was going down. Futures trading spun up spot oil trading. You never knew anything about the oil business. But obviously you convinced yourself. The video proves it!
i heard there is enough oil in alaska to keep us going until we're alllll dead! but theyre not letting on about how much they have.. also, hydrogen based fuels are cleaner and farrrrrrr more efficient.. we've had that decnology for decades, but big oil doesnt want it to happen
If you believe in alternative energy options, whether or not peak oil is real gets sidestepped. It is like finger pointing at moon; while concentrating on finger, you miss out on all that heavenly glory. LOL
Somewhere I read that the hemp plant can be used to produce a form of gasoline. Do you know anything about this? Also, if everybody starts using nuclear energy, isn't there also nuclear waste we have to worry about?
peak oil is bogus. We are forced to consume low grade fuel such as natural gas, coal and oil. Currently science is sqeuwed towards fossil fuel. Fossil fuel is a bogus. It is controlled by the elite and is tool for them and the bankers. There is little dicussion about about renewable energy. The reason is it is difficult to control and is a decentralized. Ethanol fuel is very good. The science about it is false and supports fosil fuels. There are aspects of agrow fuel will be overcome if allowed
When it comes to speculation we tried to get rid of the speculators of the onion market a few decades back. You may ask what happened; well the onion farmers begged for speculators to come back.
of it.... u might know cubo isnt a oil country and we have the cmpny of cuba operating a block of the orinoco tar belt, u might know as well that some foreign companies, such as exxon mobil, conoco, etc harm and do not tell the truth to the state oil company, and then Cahvez take off the conssession of the operation oil-gas fields on the oriental basin of venezuela
conoco as far i know is re-trying to get another contract to operate , and chevron doesnt want to take realtions again
Sir, excellent analisys of the peak of oil and the enrgy, but im from venezuela and im not exactly on the goverment but we do produce oil y¿in the orinoco tar belt, we DO have
Fusion power is 100 years off. Solar is a good alternative, but you can only power electric cars with it. Personally, I think the future is in algae-derived biofuel, which is cheaper and more efficent than petroleum. Keep in mind is that as alternatives scale up, the demand for oil goes down. Demand goes down as the price goes up, and we're seeing that now. Most peakers seem to think we're just going to keep burning through it like maniacs until the end.
I'm betting solar can sustain most of the grid and transportation in 20-30 years. Also, if we can get sustainable fusion reactors this would create an exponential increase power availability... that technology is probably 40+ years away. Once the energy problem is solved, our technological advancement could go far beyond current human comprehension.
I got into some beers tonight so after 1 1/2 - 2 minutes I couldn't listen anymore because you blink so much ... I rewound the video and watched it on mute and counted 443 blinks in 9 1/2 minutes ...but again ... I'm drunk so I could be off and also - you have like a wiggy blink where you close and your lids go nuts and I may have double/triple counted those or single counted actual blinks that looked like wiggy blinks. Anyway - Enough wasted time ... I'm going to bed!
I thought you were going to be some kind of a kook but you came off as thoughtful and informed. I like to say that you don't move forward by standing still. We, Americans, have been standing still for a long time while the rest of the world has been moving into the 21st Century. We need intelligent dialog followed by informed action.
Great video commentary. I faved. This is my topic of interest. Peak Oil and the coming great energy crisis is the most important issue of this century. If we do not get this one right, humanity is going to suffer on a scale never before imagined.
Backwardization is when the price of a commodity contract in the future is less than the present (spot) price. This means speculators are betting the price will fall.
Lorax don't you think all the people who bought McMansions during the housing boom deserve a bitch slap for foregoing solar panels for that 5th marble tiled bathroom? I marveled at all the $400,000 plus house with very few haveing solar power.
When they start punching holes all over will there be a new peak oil period? If production outstrips demand what do you call that? If the economic collapse doesn't happen do we call it the economic explosion? If the dollar bounces back do we call it the Euro collapse?
It's economically viable at least - perhaps largely because they have very cheap manual labor. I still don't think it is a long term solution since it removes food production. Therefore I think it Brazil's ethanol prod will probably diminish as world PO squeezes food supplies. Lastly it is terrible for the environment and should be condemned/regulated for that reason.
Yes to solar & wind. The Hoover Dam still produces an amazing amount of electricity. I'm very interested in coal to liquid --even if it is a lateral move cost-wise.I'm 100% against Nuclear power.We already have many plants but the half-life of nuclear waste is 500 billion years and, from a biz view, they are subsidized & I don't think meltdowns r popular with the public. :-) It will be a hard sell in the US. Dean Kamen has fine tuned the Sterling Engine, we just have to be flexible and open
yeah it really upsets me our own media decides to knowingly lie so they can push their own agenda... which means they push what THEY think is right...
it really pisses me off to know end... tell the truth, and we will figure it out together... screw the parties and politics... this is something we all need to work on now!
. Mass production of electric vehicles could again make the United States a world leader that manufactures something that is good for our environment and our economy. Tax Credits for manufactures within the United States would also have the added benefit of decreasing the trade deficit and increasing tax revenues and creating a stronger economy. An added benefit of electric vehicle production is more jobs, improving air quality, and decreasing our dependence on foreign oil.
I like ZeroFuel's thoughts. We should be smart enough to solve this problem. We're just not getting it done.
Unfortunately, many people have no clue how the Fed is causing rampant inflation. It's insane how they still issue reports saying inflation is moderate.
I'm so frustrated...but I guess the USA did enjoy "good times" for many years, while our dollar was supported by Asia. We should not have borrowed so much money; we will continue to pay dearly for that.
Mass production of electric Vehicles could make us a world leader in Electric Vehilce production and create more jobs for our economy and improve the quality of life in America and decrease our dependence on foreign oil. Google TeslaMotors and Phoenix Electric Vehicles
Great video lorax. Great to see you back. This is the topic of our generation, and it seems like no one wants to even address it as an issue. Excellent analysis. Keep up the good work.
When discussing biofuels you should distinguish between 1st, 2nd, and 3rd generation biofuels. Ethanol from corn (maize) is 1st-gen, using 5000 year old brewing technology. Almost everyone other than the farm lobby agrees ethanol from corn is a disaster. However, 2nd-gen cellulosic ethanol from non-food crops like Miscanthus giganteus has the potential to work much better. See my Biofuels playlist or search for "Chis Somerville" and "Steven Chu" for info about cellulosic ethanol.
Spent nuclear rods are only 3-4% used up. There are new methods to reuse these and get at least 10 times the use out of the same rod. Because of this our current supply is enough for about 1000 years at the current usage, so even if our usage was 10 fold more we still have plenty.
The newest nuclear plants use Thorium instead of Uranium. It is plentiful, easier to recycle and has the added benefit of not being able to be converted to nuclear weapons.
I've been planning for peak oil and a really nasty economic depression for about 2 years now. I changed jobs to one close enough to bike commute to. I now fix buses for the county transit system. When people can no longer afford to drive their hummers to work many of them will ride the bus. When that happens they won't be laying off bus mechanics. That's the plan anyway. Ridership has already increased about 10% this year. Public transit should be a growth industry in the near future.
nice video lorax. lorax, for oil do you happen to know what is the cost per barrel (including all costs, terrorist threat premium, etc) and how it the breakdown done (who gets what share)
Loren...Great summary of the peak oil production concept. There are many factors that control the price of oil. Oil commidity speculators are often blamed but the underlying controlling force will always be supply and demand. Until we learn how to live in harmony with limited resources we will have to live in the shadow of stress caused by an uncertain future.
We can change our lifestyle, but first we must want to change.
jcanivan 8 months ago
I would like to invest many barrels of oil into solar panels. Help to ease our natural gas and coal usage at power plants at least. Continue to develop alternative fuels and stop the wasteful luxury lifestyle that the US (and the rest of the world trying to emulate us) has so far been living. The energy debt of fossil fuels is now or soon to come due.
jjstoney1 1 year ago
good video. agreed that NG can offset the decline of light crude, the problem is that in order to meet demand in the US and CA, we'll need to rely almost entirely on imported LNG from places like Russia. Scaling up to allow increased imports of LNG is expensive and very political since a receiving terminal is a HUGE target for terrorism. 1 LNG tanker is the equivalent of a small nuke.
mytinytube 1 year ago
on demand hydrogen fuel truck drives 3000 miles.... NO FUEL!
watch?v=Py8QYt54EpE
finefilth 1 year ago
peak oil is a lie.... dozens of substitutes including free energy technology are and have been suppressed for a century ....Even modest efficiency improvements to the internal combustion contraption are stonewalled by the energy parasites.
finefilth 1 year ago
Nuclear power will save us.
GreyAutumn 1 year ago
Coal to liquids is desparate and dirty... no wonder hitler ran out of fuel to run his armies.... nothing has the power, pop and portability and cheapness of oil to run our economies....
MrEnergyCzar 1 year ago
you say nothing about algae biofuel
srglink 1 year ago
Alternatives yield less net energy ie coal to liquids, ethanol, shale oil from rock, tar sands, etc...you don't put one barrel in to any of these and get 40 barrels out like the mature declining fields we've been living on....
MrEnergyCzar 1 year ago
uncle martin????
ilovecrimemobalbo 2 years ago
Im not hippy or environmentalist, the earth is screw. Because of our necessitate for more and to live in an idyllic state that everything is abundant. In actuality its not oil never-ending, it finite and in next to no time were going to out pace it yield. then were screwed as a civilization, legitimacy we run on oil.
SageRai 2 years ago
oil is a finite resource, mankind will out pace its demanded. small simple example... with the advance of technology, people live longer, huge children(global scale)mortality decrease,and human population increase. as a bloody race we live beyond our needs, and alot of developing nation are using coal and fossil fuel as scource. so in other word, there won't be enough oil for everyone and were killing the 20,000 yrs stable evironment that helping us doing this in the first place.
SageRai 2 years ago
This comment has received too many negative votes show
The minute you made this video the supply of oil was going up and demand was going down. Futures trading spun up spot oil trading. You never knew anything about the oil business. But obviously you convinced yourself. The video proves it!
STOPGLOBALSTUPIDITY 2 years ago
Oil price is currently been manipulated downwards via the economic collapse to bankrupt the middle east
ObsessiveDetailer 2 years ago
Dear lorax2013 I am 85 years old. Could you help me with strategy?
nessened 2 years ago
Eat more fiber. ;-)
TadRapidly 2 years ago
watch Dr Albert Bartletts lecture on "Arithmetic,energy and population".All the facts laid bare.
coley10000 3 years ago
thanks for the info.
fancychance57 3 years ago
This has been flagged as spam show
shut up faggot!
Go fuck yourself you smarty pants
picapin 3 years ago
Plan to write moronic comments on all his vids? OCD?
Chaffinch4 2 years ago
One star will do!
Unfortunately I'll have to flag you, fucking oil speculator! Go choke on a cock!
GetLostInCompost 3 years ago
what about geothermal?
screenflicker1 3 years ago
i heard there is enough oil in alaska to keep us going until we're alllll dead! but theyre not letting on about how much they have.. also, hydrogen based fuels are cleaner and farrrrrrr more efficient.. we've had that decnology for decades, but big oil doesnt want it to happen
FATCACAK 3 years ago
If you believe in alternative energy options, whether or not peak oil is real gets sidestepped. It is like finger pointing at moon; while concentrating on finger, you miss out on all that heavenly glory. LOL
smolkasinferno 3 years ago
Alcohol from biomass is a viable alternative that has been suppressed by the rich. Read 'Alcohol can be a Gas' by David Blume
smolkasinferno 3 years ago
I am working on a Methane digester to run a engine!!!!!!!!!!!!
rcjera 3 years ago
i'll provide the methane!!! i have methane creating digester!!!!
FATCACAK 3 years ago
Somewhere I read that the hemp plant can be used to produce a form of gasoline. Do you know anything about this? Also, if everybody starts using nuclear energy, isn't there also nuclear waste we have to worry about?
Nzingha0 3 years ago
unconventional oil sands also freeze in the winter.
Problem.
yogiudo 3 years ago
peak oil is bogus. We are forced to consume low grade fuel such as natural gas, coal and oil. Currently science is sqeuwed towards fossil fuel. Fossil fuel is a bogus. It is controlled by the elite and is tool for them and the bankers. There is little dicussion about about renewable energy. The reason is it is difficult to control and is a decentralized. Ethanol fuel is very good. The science about it is false and supports fosil fuels. There are aspects of agrow fuel will be overcome if allowed
usurur 3 years ago
When it comes to speculation we tried to get rid of the speculators of the onion market a few decades back. You may ask what happened; well the onion farmers begged for speculators to come back.
tegalans 3 years ago
is not a lie that some oil copanies hide some huge massive oil field to the goverment
and when they tell to the goverment the appereance of the oilfield the say taht is tar, and it is not profitable to the exploitation
asnoldo 3 years ago
of it.... u might know cubo isnt a oil country and we have the cmpny of cuba operating a block of the orinoco tar belt, u might know as well that some foreign companies, such as exxon mobil, conoco, etc harm and do not tell the truth to the state oil company, and then Cahvez take off the conssession of the operation oil-gas fields on the oriental basin of venezuela
conoco as far i know is re-trying to get another contract to operate , and chevron doesnt want to take realtions again
asnoldo 3 years ago
a lot production space to small companies that-as you might know- dont exploit the field very well, and only damage the production ratio
asnoldo 3 years ago
enough estability to produce, or at least get the technology to start the production, the problem main it self ius that the goverment is giving
asnoldo 3 years ago
Sir, excellent analisys of the peak of oil and the enrgy, but im from venezuela and im not exactly on the goverment but we do produce oil y¿in the orinoco tar belt, we DO have
asnoldo 3 years ago
Fusion power is 100 years off. Solar is a good alternative, but you can only power electric cars with it. Personally, I think the future is in algae-derived biofuel, which is cheaper and more efficent than petroleum. Keep in mind is that as alternatives scale up, the demand for oil goes down. Demand goes down as the price goes up, and we're seeing that now. Most peakers seem to think we're just going to keep burning through it like maniacs until the end.
neoconcrackaddict 3 years ago
I'm betting solar can sustain most of the grid and transportation in 20-30 years. Also, if we can get sustainable fusion reactors this would create an exponential increase power availability... that technology is probably 40+ years away. Once the energy problem is solved, our technological advancement could go far beyond current human comprehension.
voicefromthegrave 3 years ago
tarty third world war usa china
riciard55 3 years ago
I got into some beers tonight so after 1 1/2 - 2 minutes I couldn't listen anymore because you blink so much ... I rewound the video and watched it on mute and counted 443 blinks in 9 1/2 minutes ...but again ... I'm drunk so I could be off and also - you have like a wiggy blink where you close and your lids go nuts and I may have double/triple counted those or single counted actual blinks that looked like wiggy blinks. Anyway - Enough wasted time ... I'm going to bed!
Sarcophangus 3 years ago
I thought you were going to be some kind of a kook but you came off as thoughtful and informed. I like to say that you don't move forward by standing still. We, Americans, have been standing still for a long time while the rest of the world has been moving into the 21st Century. We need intelligent dialog followed by informed action.
tombstonetom 3 years ago
Great video commentary. I faved. This is my topic of interest. Peak Oil and the coming great energy crisis is the most important issue of this century. If we do not get this one right, humanity is going to suffer on a scale never before imagined.
ndclark 3 years ago
Coal to liquids? SASOL has been doing it for decades.
jburt56 3 years ago
Yeah, and Germany did it too in WW2 - but only at great expense as a last resort because of oil embargoes in both cases.
lorax2013 3 years ago
Loren - what does "backwardization" mean?
jdcremin 3 years ago
Backwardization is when the price of a commodity contract in the future is less than the present (spot) price. This means speculators are betting the price will fall.
lorax2013 3 years ago
Lorax don't you think all the people who bought McMansions during the housing boom deserve a bitch slap for foregoing solar panels for that 5th marble tiled bathroom? I marveled at all the $400,000 plus house with very few haveing solar power.
valhala56 3 years ago
When they start punching holes all over will there be a new peak oil period? If production outstrips demand what do you call that? If the economic collapse doesn't happen do we call it the economic explosion? If the dollar bounces back do we call it the Euro collapse?
STOPGLOBALSTUPIDITY 3 years ago
I'd like to know what you think about sugar based (forget the corn) ethanol as used in Brazil.
swofts45 3 years ago
It's economically viable at least - perhaps largely because they have very cheap manual labor. I still don't think it is a long term solution since it removes food production. Therefore I think it Brazil's ethanol prod will probably diminish as world PO squeezes food supplies. Lastly it is terrible for the environment and should be condemned/regulated for that reason.
lorax2013 3 years ago
To this particular video here I would like to make you look and investigate about following technology you find a first hint in youtupe video:
"Run Your Car On Water Today: STAN MEYER KILLED Pt 1"
And
"Free Energy - No Fuel Magnetic Motor"
By "Ludwig Emma Brits and Victor John Christie"
strolchi10 3 years ago
Yes to solar & wind. The Hoover Dam still produces an amazing amount of electricity. I'm very interested in coal to liquid --even if it is a lateral move cost-wise.I'm 100% against Nuclear power.We already have many plants but the half-life of nuclear waste is 500 billion years and, from a biz view, they are subsidized & I don't think meltdowns r popular with the public. :-) It will be a hard sell in the US. Dean Kamen has fine tuned the Sterling Engine, we just have to be flexible and open
swofts45 3 years ago
yeah it really upsets me our own media decides to knowingly lie so they can push their own agenda... which means they push what THEY think is right...
it really pisses me off to know end... tell the truth, and we will figure it out together... screw the parties and politics... this is something we all need to work on now!
cowboycarl04 3 years ago
nice to see another peak oil advocate. cheers very vell informed.
sickliberal 3 years ago
I agree with Lorax when he says to focus only on what you have control over....some things we can't control.
pyramid35 3 years ago
Great video lorax2013! Glad to see you focusing on this topic again. :)
LosAngelesBeauty 3 years ago 2
I remember reading somewhere that the amount of uranium in the world is equivalent to that of tin. Which is a lot.
Great video.
ZiggyStardust2329 3 years ago 3
. Mass production of electric vehicles could again make the United States a world leader that manufactures something that is good for our environment and our economy. Tax Credits for manufactures within the United States would also have the added benefit of decreasing the trade deficit and increasing tax revenues and creating a stronger economy. An added benefit of electric vehicle production is more jobs, improving air quality, and decreasing our dependence on foreign oil.
CaptMidnight31 3 years ago 3
I like ZeroFuel's thoughts. We should be smart enough to solve this problem. We're just not getting it done.
Unfortunately, many people have no clue how the Fed is causing rampant inflation. It's insane how they still issue reports saying inflation is moderate.
I'm so frustrated...but I guess the USA did enjoy "good times" for many years, while our dollar was supported by Asia. We should not have borrowed so much money; we will continue to pay dearly for that.
rseveran 3 years ago
Mass production of electric Vehicles could make us a world leader in Electric Vehilce production and create more jobs for our economy and improve the quality of life in America and decrease our dependence on foreign oil. Google TeslaMotors and Phoenix Electric Vehicles
ZeroFuel31 3 years ago
Lorax, thank you for your videos.
What do you think about TeslaMotors and Phoenix Electric Vehilces.
ZeroFuel31 3 years ago
Lorax, I really enjoy your talks. You have such an active mind and are a real credit to our species.
Keep up the good work.
HalcyonRain321 3 years ago
Everyone here please look up "Nikola Tesla".
DividedLove 3 years ago 2
Great video lorax. Great to see you back. This is the topic of our generation, and it seems like no one wants to even address it as an issue. Excellent analysis. Keep up the good work.
MaverickCentricity 3 years ago
When discussing biofuels you should distinguish between 1st, 2nd, and 3rd generation biofuels. Ethanol from corn (maize) is 1st-gen, using 5000 year old brewing technology. Almost everyone other than the farm lobby agrees ethanol from corn is a disaster. However, 2nd-gen cellulosic ethanol from non-food crops like Miscanthus giganteus has the potential to work much better. See my Biofuels playlist or search for "Chis Somerville" and "Steven Chu" for info about cellulosic ethanol.
Teratornis 3 years ago
You are great man. Thank you. Thank you. Thank you
DonkfestPokerDotCom 3 years ago
Spent nuclear rods are only 3-4% used up. There are new methods to reuse these and get at least 10 times the use out of the same rod. Because of this our current supply is enough for about 1000 years at the current usage, so even if our usage was 10 fold more we still have plenty.
The newest nuclear plants use Thorium instead of Uranium. It is plentiful, easier to recycle and has the added benefit of not being able to be converted to nuclear weapons.
Nuclear can run us for a long time.
ecidragon 3 years ago
I heard hemp would be viable alternative all sorts of resources and materials.
AkoyPinoy2 3 years ago
Glad to see you back! :-)
RCReptilesDotCom 3 years ago
I've been planning for peak oil and a really nasty economic depression for about 2 years now. I changed jobs to one close enough to bike commute to. I now fix buses for the county transit system. When people can no longer afford to drive their hummers to work many of them will ride the bus. When that happens they won't be laying off bus mechanics. That's the plan anyway. Ridership has already increased about 10% this year. Public transit should be a growth industry in the near future.
Mechman064 3 years ago 7
nice video lorax. lorax, for oil do you happen to know what is the cost per barrel (including all costs, terrorist threat premium, etc) and how it the breakdown done (who gets what share)
joshrain1 3 years ago
good video.
yasumi07 3 years ago