Peak Oil - OPEC doesnt have enough spare capacity 08 June 2011

[mphello]

Hope they torture and kill all the overpopulation-deniers and breeders.

World pop would have been even WORSE than it is now had China implemented a one-child LAW. India, Africa, USA, Mexico - all need mandatory vasectomies on men to stop them from breeding. When oil is not worth pumping anymore, those breeders (parents) will be crying about something INFINITELY more important than us anti-natalists and hypothetical laws against reproduction.

[mphello]

The USA should not do business with Saudi Arabia or ANY of these fascist theocratic dictatorships. They should be nuked (by anybody - doesn't matter) and the oil left in the ground.

Not a single gas-powered car should be produced. Would have done this 25 years ago had dumbshit american 99% voted for Ralph Nader.

[18T220]

If OPEC have too much oil you'd think they would reduce the price of oil???

[MrHEMPKING]

Copper sterilises freshwater - work it out

oyster mushrooms can grow on almost any dead organic material, quickly - work it out.

[Knossos22]

Wow, a rational discussion on YouTube about peak oil, that it is here, that it is a problem of vast scale, and that it threatens to collapse industrial civilization. What is certain, step one is to see the problem in all of its vast dimension and implications. If it does not scare the crap out of you, then you have not worked the number enough. Keep at it until it keeps you awake at night wondering, then you will know you are starting to understand.

[moonsugar1]

Peak oil happened more than a few months ago. There is a period of time before decline that we've been in since. Wars in Libya, Syria and Yemen could help the problem slightly, Hubbert predicted peak oil to happen in 2000 but because of various conflicts and the embargo in the 70's it was off set a few years. However, I dont think Libya Syria or Yemen have enough oil combined to make a major difference in the time period though.

[MrEnergyCzar]

As the late Matt Simmons said, once Saudi Arabia peaks, the world peaks.....

[MidBosque]

On the other hand, an energy-shock induced collapse of the global financial economy could help the world meet it's carbon reduction targets and perhaps forestall or even prevent climate forcing tipping points at plus two degrees. Globalization, it was (fill in the blank) while it lasted.

[Standuble]

@MidBosque Indeed, sounds like an energy-shock induced collapse will force the world to meet its carbon reduction targets. We've been using oil to solve our needs for 150 years, looks like even its loss will help us out.

[MidBosque]

@Standuble There is that silver lining. I've been following this slow-motion catastrophe of hydrocarbon overshoot long enough to accept it as a reality. Yet I have difficulty grasping the enormity of it. And, the immediacy of it. I heard economist Jeff Rubin say this week that global oil demand is on pace to shoot past global supply in the next quarter or two. If so, historically uncharted waters this year.

[Standuble]

@MidBosque I hear you on that one, I don't think anyone can truly grasp the enormity of all of this, its after all new personal challenges for seven billion individuals. Some people say it will happen in 2014 others say it already happened in 2006. Either way: I'm so not ready for all this, its not just uncharted waters but uncharted, very deep and very turbulent waters.

[vanityfox451]

I would suggest that anyone not taking time to check out Dr.Chris Martenson's series Crash Course - that can be found either here at You Tube, or at "CM.com" - is wasting time, in both their full understanding, and in what preparation they can attempt with this severe and serious situation that is closely ahead.

There were but 2 billion people on this planet in 1930. Now we're close to 7 billion. When asking yourself how that happened, consider oil the answer. Reduced oil = reduced population..

[vanityfox451]

From Mat Simmons book "Twilight In The Desert", The Ghwar field required 25 million gallons of sea water a day in re-pressurisation back in 2004. IEA Estimates from established global sweet crude production globally, states that 2006 was the year of highest production, with high sulphur, tar sands, gas production - including fracking along with other intense methods of extraction - as figures added to sweet crude that take global production from 68 m' to roughly 85m'. Yep, we're in trouble!!

[antitheistpansy]

Vlada, I have a graph from theoildrum website that I have updated. It plots various prediction lines based on hubberts peak oil theory and current world oil use. In short, it suggests that there is a 95% chance that we hit world peak oil 2-3 months ago and that the first signs of supply pressures should be with us shortly.

[afe3311]

@antitheistpansy can you source that information please? thank you

[antitheistpansy]

@afe3311 email me at simon@follett4444.orangehome.c­o.uk and I will send you a copy.

[Huttate1]

Peak Oil is here people. Life is going to change and you had better be ready for it.

[MrEnergyCzar]

I'd be surprised Saudi Arabia could had 1 million barrels per day....They pump in more seawater to keep their wells pressurized than what comes out as oil. I think they pump in 11 million barrels of seawater and get less out in oil....

[afe3311]

Scrary shit...