Chris Martenson, "If we're at Peak Oil we might have 10 or 5 Years"

[Standuble]

I've heard from a few places that cheap oil peaked in 2006. If that's true then based off the title we may be in very serious trouble in the next few years.

[MrPentatonicScale]

Here is a suggestion: try commuting with a bicycle, not only will you be more resilient to fuel prices but it is a great stress reliever and great way to exercise.

Just like Mr. Martenson said, peak oil doesn't have to be such a terrible thing.

[huntncomfort]

Guys the basis of hydrogen not being an energy source because of the old no such thing as perpetual motion shouldn't apply here no more than the energy used to refine yellow cake into highly enriched uranium to be used in nuclear reaction. It just takes the right methodology, which btw may already be available and in use just unrecognized by the blind masses due to political, corporate or financial corruption reasons.

[MrEnergyCzar]

@morphixaction when making hydrogen you get less energy out than you put into it. You're better off taking the energy you'd waste making hydrogen and putting it directly into the battery or whatever you'd want to use the hydrogen for.... the existing hydrogen cars are powered by electricity, sun, wind or gas to make the hydrogen that they run on as an end product.

[morphixaction]

@MrEnergyCzar Electric cars that use hydrogen fuel cells are a different model to what I am talking about. Hydrogen can be made free from natural using solar power .. infact you can easy have a hydrogen refueling station in your garage at home. Batteries and fuel cells are a waste of time as they are heavy and ware out quickly. Hydrogen burns so there is no need for electric cars. Besides hydrogen combustion motors are more powerful have 100x longer mileage and sound a lot better.

[MrEnergyCzar]

@morphixaction once again, you're better off using the solar electricity elsewhere than to make hydrogen. It's a net energy loser. The hydrogen fuel as an end product is wonderful and clean but the energy returned on energy invested to make it is horrible. Remember, you have to also expend more energy compressing it for the vehicle as well... during my peak oil denial phase I was heavily into hydrogen as a solution until I did my homework.

[morphixaction]

@MrEnergyCzar Well the way I look at it is. We need the hydrogen for our cars! The solar method of splitting the molecules is FREE. So why would it matter if it takes more SOLAR power to make the hydrogen... we need for our cars?

Solar is abundant energy and its free so it really does not matter if it takes 2 solar panels or 5 you will still get your hydrogen FREE!

The other fact is that solar on its own is useless at powering a car or truck or bus!



[GeoffreyRahl]

@morphixaction Tritium without even taking into account the time required to produce the right amount of hydrogen, and all the underlying infrastructures it would take at least a decade mass produce said cars, and perhaps most deterrent hydrogen is highly dangerous,the hydrogen battery slot would have to be reinforced not to blow up in case of car crash...No quick fixes anyway...

[morphixaction]

@GeoffreyRahl Actually those problems were solved many years ago. Only electric vehicles require a Hydrogen Fuel Cell or Batteries. I am not talking about electric vehicles as they are more then 10 years away from a decent burnout or trip across the country. Electric cars are quiet and basically just suck!

I am talking about HYDROGEN FUELED cars.. internal combustion.

Easy to convert current motors. FREE to produce the HYDROGEN FUEL from solar! Safe as liquid petroleum to store!

[morphixaction]

The hydrogen energy source already exists in water. All we are using electricity for is to separate the hydrogen and oxygen molecules. Wind and Solar are naturally the best source of electricity for doing that. However that does not mean solar is the source of hydrogen energy.

It means water is the source of hydrogen energy and ANY electrical source can be used to separate the oxygen and hydrogen molecules.

[io007a]

@wikifacts solar and hydrogen are always 10 years away that's the problem ,about solar is it world wide proven that energy return is higher than energy invested in constructing them? it's a realy good questin not from the money point of view that can be distorted but from energy ,today we are lying to ourselves that in getting a resource out we are making money instead we should always look for how much energy we invest even if that energy is cheap now (coal gas nuclear)

[danno321s]

Sorry Chris is wrong. The energy crisis is because of government. The regulations and subsidies and such blocked innovation in many areas. There are new nuclear tech for power gen that is ignored. The red tape makes building a power gen incredibly expensive.

[adrumzzify]

@danno321s lol look again, you're wrong.

[danno321s]

@adrumzzify Nope. Governments encouraged f-like a rabbit "family planning", had unions build shoddy infrastructure, and created a fed reg book that is now going on some 100,000 pages. You need to counterpoint with facts not sound bites. Watch the 8 part video that this newscaster ref's before replying.

[MrEnergyCzar]

Everyone should try and see Chris speak in person...

[007Vergara]

I could watch and listen to her all day.

[killerbee04x]

@OldSchoolSkill LOL. NO THE PROBLEM IS THE AVERAGE PERSON IS TO STUPID TO MAKE THER OWN CHEAP ENERGY. THEY ARE TOUGHT TO STUDY NOT USE LOGIC. WHAT YOU HAVE TO DO AUDIO BOOK YOUR EDUCATION AND DRAW OR RUN A PROJECT OUT OF THAT.

[agriperma]

@OldSchoolSkill Smart grid is the way to go, energy distribution similar to the way we do Data now. that way all power sources can be tied together, geothermal, hydro, solar, wind, tidal, whatever takes advantage of the sources available locally.

[killerbee04x]

@agriperma HAVE YOU WATCH C-SPAN. THEY ONLY REASON WHY THEY SAID THEY ARE PUSHING IT IS IN CASE OF AN EMP EVENT. FROM THE SUN OR A DEPOPULATION EVENT.

[ucvessel]

hope the future is different than the past, 'cause the future has been exactly the same as the past for a long time lol

[1Death4All]

look up the price of oil in gold. its has stayed about the same in 80 years. the main reason oil is going up is because of the devaluation of the U.S. dollar

[ANTIDALLARD]

who says were at peak oil ? 

[ismokedaily420]

"the future could be really different than the past" you dont say!

[mclovinakapascal]

According to the US Geographical Survey there is a 95% chance that there is 400 billion barrels of undiscovered oil and 5% that there is 1.2 trillion barrels. With oil sand and heavy oil resources the max possible (though highly unlikely) oil left in and on earth is approximately 2.5 trillion barrels. With a worldwide consumption at 27 billion barrels annually at best humanity has 85 years and with a prudent bet we have 50 years to develop our renweable technologies and construct them. scary.

[louloub5]

its time for gov to release the technology theynhave supressed from the public so that we dont need oil!

[alpidistra]

Russian scientists have proven that peak oil is a fraud. They have discovered that the Earth produces oil as a natural process within the crust and that oil is not a fossil fuel. The Earth replaces oil just like the human body replaces blood. Oil fields have been found replenished after a rest period. But regardless of this fact, free unlimited energy sources exist and have been suppressed. We have the technology to make oil use obsolete.

[unfathomablebo]

@alpidistra Please tell me that you don't believe that.

[mclovinakapascal]

@alpidistra

lol if oil isn't a fossil fuel than what is it? condensed and heated dirt? the only thing near the depths that oil is recovered from is crystalline bedrock and magma hundreds of feet below.

[alpidistra]

@mclovinakapascal Petroleum is naturally produced by the Earth. It is a natural process created by the heat of the inner earth which separates this substance. Most people don't understand this because they consider the planet as an unconscious dead object which only supports a thin layer of life on its surface. In fact, planets are living organisms and oil is replenished in its interior.

[alpidistra]

@mclovinakapascal There is no way for such large amounts of vegetation to get buried at such depths. In the rare occasions when vegetation has become buried, it has fossilized as a solid such as stone, not liquid. No amount of vegetation or animal life can get buried so deep without first decaying in the open air first which leaves nothing to get fossilized.Basically, to believe that oil is a fossil fuel, you'd have to believe that the earth turned itself inside out suddenly.

[Couldbeme1000]

@alpidistra Yes it can, and yes it has, and we are not running out of oil there is enough in US. And again yes the planet could have turned it's self inside out, it can do what ever it wants. Like right now all this weather its giving us - get a clue?

[troutfish70]

Too bad this is 100 % false information All lies Gee what could they be hiding with the never runs out but constant threat it will run out -- Could oil be something other than what the oil company told us it was ? An oil company telling lies to destroy information by inserting false premises At least they learned something from history class too bad the public didn't

[hniro1]

If people were to make use of hydrogen generators, there could be leverage on the liquid fuel consumption. Search hydrogen generators on the web or water fuel.

[bakagaijin1488]

We've been at peak oil for 50 years now. Just drop the act, already. It's another lie to keep oil prices artificially high.

[morphixaction]

GIVE US HYDROGEN FUEL STATIONS!

[nickbobj321]

@morphixaction where does the hydrogen come from.

[morphixaction]

@nickbobj321 Hydrogen come from water. It is the cleanest fuel on earth and allows us to keep out combustion engines. Conversion kits are available for most cars. California USA already has more then 30 Hydrogen Fuel Stations.

Hydrogen Fuel can be made and stored at your local Gas Station, which eliminated the need to transport it in trucks which will also free up our roads by removing tens of thousands of fuel trucks. BMW have a nice hydrogen model, also the Mazda Rx8 & others

[T0B0KKE]

@morphixaction Hydrogen is a energy sink and you're far far far away from having a safe infrastructure to store and transport it. Also... cars driven by people running with hydrogen? I'm a bit skeptical if that is going anywhere. Remember Fukushima? What was the first thing that exploded? You guessed it: Hydrogen. If you have a car accident with hydrogen powered vehicles, things can get messy.

[morphixaction]

@T0B0KKE I am not sure what you mean by "Hydrogen is an energy sink" Hydrogen can be safely produced from a persons home or at a refueling station. It can be stored in a propane tank and is no more dangerous then LPG gas which is used in millions of vehicles. Hydrogen fuel cells have been made safe over 10 years ago now. Fukushima was not a fuel cell.

There is 1000s of vehicles in Europe and Japan running on pure clean hydrogen with water vapor exhaust so clean you can breath it.

[MrEnergyCzar]

@morphixaction Hydrogen is not an energy source....

[Beef1188]

Regenedyne wind turbine, solar tower in spain, solar tower designed by australians, stirling energy dish, hydrogen powered internal combustion engine, tubular solar collector....

These are one of the most noted sollutions which ALREADY match the power output of coal power plants of equivalent dimentions. There are no more excuses for us not to implement those sollutions except that they have to compete with existing sloppy energy companies on the market!

[47f0]

@Beef1188 - Well, first, I agree with you. Geohydrocarbons are a dead end. I say this as someone who worked for years at Amoco in their research lab, and whose dad was a geophysicist. The easy oil, the cheap oil is gone. Today. Not in 100 years. Not in 10 years. Now. But we've got big problems to solve for alternate energy. All of them (except possibly biofuels) require better storage technology than we currently have, because you can't shut down five states because it was cloudy

[Beef1188]

@47f0 That's why the lord invented salt water... I mean its dirt easy to produce hydrogen!

You can do it at home in a glass of salt water and a battery from you tv's remote control!

[47f0]

@Beef1188 - Sure. But no one has yet demonstrated electrolysis that doesn't use hugely more energy than it allows you to transport. The same goes for acid/metal production of hydrogen - it just costs way more than it's worth to produce it - at least, for cheap transportation. Then you've still got infrastructure issues. You've got to store hydrogen as a liquid to have any worthwhile energy density - which involves NASA technology not found in most Ford F150s.

[Beef1188]

@47f0 Oh yes, but they did demonstrate that! Take a look at this: /watch?v=xEdQRVQtffw

[drgreen2209]

PEOPLE YOU ARE IDIOTS.

OIL SHOULD BE FUCKING STOPED.

WE SHOULD START RENEWABLE ENERGY.

SIMPLE, PROBLEM SOLUTION REACTION

[GreatBigBore]

Peak oil or not, a growth economy is not sustainable forever, and we seem to be nearing the end of our rope. Seems like we need to shut down this economy and replace it with something that works better. Or we could just consume our way to extinction.

[hitssquad]

@GreatBigBore "a growth economy is not sustainable forever"

Is a static economy "sustainable forever"? If not, then what would be the relevance of a "growth economy" not being "sustainable forever"?

[GreatBigBore]

@hitssquad You seem to be presenting a "static economy" (whatever that is) as the only alternative to a growth economy. I'm not sure what alternatives are available. The only point I was making is that we can't keep growing the economy indefinitely, because our resources are finite.

[hitssquad]

@GreatBigBore "a "static economy" (whatever that is)"

en. wikipedia. org/wiki/ Steady_state_economy

.

"I'm not sure what alternatives are available."

Perhaps you could do a finite amount of reading on the topic: juliansimon. com/writings/Ultimate_Resource

efficientfrontier. com/ef/404/bop2. htm

.

"we can't keep growing the economy indefinitely, because our resources are finite."

...Then why not further grow the economy finitely?

[kroovyandcal]

Peak oil in America is a lie. Natural gas is far less efficient than oil. Attaining natural gas via hydrofracking is an eternal indelible sin on the souls of those that promote it. Water resources are more important than natural gas resources. The nuclear industry needs to switch from Uranium to Thorium. Do it. Do it. Do it.

[Bernd1964]

We must break our dependency not only to corporate energy but to corporate money and life support. The worst trick of the corporate elite is to make the people dependent in every aspect of life. To be self-sufficient is the very foundation of true freedom, whereas resource dependency is the foundation of slavery. The elitist empire wants the people to be dependent as much as possible, it needs scarcity to control us. To quit this system of control is difficult but not entirely impossible.

[nahsik]

people only think about oil as petroleum but every product is made by oil.. plastics, paint, pesticide, anything and everything and also whether it be the manufacturing department to keep the machines running to the transportation of material. Oil is recognised as finite and the way we've been using it no wonder it has been a concern. Alternate energy adaptation is going to take longer than you think and will definitely have an impact on the economy.

[Axbent]

@nahsik Just think what kind of impact it will have on retail industry like Walmart. No plastic crap, nothing to sell! Consumerism drives the economy; this is THE problem!

[drgreen2209]

@nahsik

NOT EVERYTHING IS MADE BY OIL YOU FUCKING OIL SUPPORTER.

YOU FUCKING FAGGOT

[eyeswideopennimrod]

@drgreen2209 So your a green idiot are you then, you think we can just stop using oil whenever we want. You can bury your head as deep as you like in your green bullshit, but the fact of the matter is we need oil for much more than just energy, just pick up any item in your house or tent (whatever you live in) and oil will of been used in it's production at some point. So stop been a fool and think of solutions, not just dumb ass greenist statments.

[47f0]

@drgreen2209 - Uhm, I'm no petroleum supporter, but if you lost all the petroleum products tomorrow, you'd be in a world of hurt. You'd be missing things like Aspirin. Crayons. Chewing gum. Candles. Ammonia. Tape. Tires. Guitar strings. Toothbrushes. Caulk. Deodorant. Those are just things directly made from petroleum. But even producing a cow or chicken takes petroleum. Do we need to move away from that? Hell yeah, but you have to understand just how fundamental petroleum is.

[drgreen2209]

@47f0

YOU DONT NEED DRUGS TO BE HEALTHFULL, BELIEVE ME, THERE ARE A LOT OF FORBIDEN SHIT THAT CAN CURE EVEN AIDS, CANCER AND EVERYTHING ELSE BUT YOUR OIL COMPANIES ARE POLUTING THIS WORLD AND SO ON, YOUR OIL MAKES WARS (GENOCIDE) LOTS OF FAMILY DIE

THEY TAKE ORDERS AND KILL CITIES FULL OF PEOPLE

THEY BOMB INNOCENT PEOPLE TO GET SOME FUCKING OIL?

THIS IS SATANISM OMFG

[nahsik]

@drgreen2209 ARE YOU FUCKING DUMB.. YOU MUST BE THE DUMBEST FUCKER I HAVE EVER MET.. EVERY PLASTIC PRODUCT, HOUSE HOLD ITEM IS MADE BY OIL.. INCLUDING ALL THE MACHINES USED TO MANUFACTURE ANY ITEMS USE OIL TO RUN.. INCLUDING ALL THE TRANSPORTATION INVOLVED THAT USES PETROLEUM.. YOU FUCKING RETARD DO SOME RESEARCH BEFORE YOU COME UP WITH BULLLSHITNESSS. PEOPLE LIKE YOU NEED TO DO DIE.. I WOULD BE HAPPY TO KNIFE YOU.. YOU FUCKEN PIECE OF SHIT DIE..

[drgreen2209]

@nahsik

YOU FUCKING FAGGOT, ID KNIFE YOU ONLY FOR SAYING THIS THINGS, BUT IM NOT A FUCKING SINNER SO YOURE LUCKY BITCH, BUT ILL TELL YOU THIS: YOU ARE A FUCKING BRAINWASHED PIECE OF FUCKING SHIT, YOU MUM IS FUCKING WHORE WHO WAS FUCKING RAPED AND THEN YOU WERE BORN BUT YOU ARE SO FUCKING STUPID DUMB PIECE OF FUCKING SHIT THAT YOU WERE BRAINWASHED BY OIL CORPORATIONS TO THINK THAT OIL IS THE SOLUTION FOR EVERTHING, YOU FUCKING SHIT, ENERGY CAN REPLACE IT, JUST THING YOU FUCKING FAGGIT ASSHOLE

[drgreen2209]

@nahsik

YOURE A SHIT OF BULL, AND YOUR FUCKING DADY IS JUST LIKE YOU, BRAINLESS PIG FUCKER STUPID ZOOPHILE, BEFORE SAYING SOMETHING THINK ABOUT IT YOU FUCKING CRAP, OIL IS USEFUL BUT FOR USEFUL SHIT ONLY, LEARN ABOUT ANTIGRAVITY, RENEWBLE ENERGY, AND THE TECHNOLOGY ALREADY AVAILABLE TO REPLACE YOUR FUCKING OIL, JUST EAT THAT OIL YOU PIECE OF FUCKING CRAP

[RAMKING61]

Lies, market manipulation, supply fraud, IMF scams, bogus reports, etc. etc. etc.

It would be nice if we REALLY knew the true factual story.

[TheBrradsullivan]

bullshit its a scam, the world could shift to alternative energy in 5yrs-10yrs if they really wanted to, just more fear mongering

[Axbent]

@TheBrradsullivan It's hard to believe, cos there seems to be huge problems with the renewables unsolved. Like how to make it energy efficient! Few systems existing are energy efficient, and most depend on petroleum to be manufacured..

[TheBrradsullivan]

@Axbent no theres not, read a book called "who killed the electric car" it talkes about the general theme that is big corporations supressing any technology that they cant directly profit from, its the same reason why they are banning the drugs that cure cancer/ aids and a bunch of other diseases. money has been holding technology back for decades, we need to move past it and we will have hover cars in a generation

[j2201987]

@TheBrradsullivan OMG I remember reading an article about how there have been for diseases but the FDA banned them. It makes sense too because if we had the cures, we wouldn't need all these dangerous pills, and Big Pharma dies. What better way of destabilizing and destroying humanity by spreading deadly diseases and the hardcore pills that "treats" the symptoms. If it don't make dollars it don't make sense.

[BluesdesJours]

there's more oil than we know. the fake scarcity is to raise prices, the fake enviroists are eugenics fanatics and should die to save the earth, or at least leave us to carry on without the bullshit

[Textynn]

the elite are taking over water now. Poisoning as much as possible . All that they can't completely control.

[troglodyte3344]

This guy knows nothing about nuclear fusion. They are building a nuclear fusion reactor in France at this very moment with the help of Europe, Russia, USA and China. Fucking retards they get on this show man.....UNBELIEVABLE

[47f0]

@troglodyte3344 - Sorry. There are no viable fusion reactors in production, or even on the drawing boards of France, or any other country. You're confusing research projects with commercially viable reactors. Two very different things.

.

On the bright side - we have access to more fusion energy than we could conceivably use for the next few centuries - conveniently located at the center of our solar system. It's raining energy on our heads - we just need to grab some buckets.

[callenification]

Of course they're will be a peak in oil production. As the demand rises with growing economies (I believe the demand is rising 3% a year) the producers can only do so much to meet that demand, it also doesnt help that the group that produces 35% of world supply hates our guts for backing Israel. All these things precipitates in higher oil prices, which not only drives prices of gas up but also for products that use oil: plastics, tires, etc. As the prices increase new technologies will emerge.

[killerbee04x]

Over population from inflation. less inflation less people. problem solved

[Hauteur723]

peak oil is bullshit.. that argument is used to control the market

[47f0]

@Hauteur723 - strictly speaking - you are correct. There will be no "peak oil", any more than there will be "peak diamonds". However - the easy oil is gone. The demand curves for China, Africa and India far outstrip any conceivable exploration and production capacity. So - like diamonds - there may be no true "peak oil" but it's definitely going to be less available, and much more costly. At some point - soon, quite soon - the price will be inferior to other energy alternatives.

[NCspaceman]

Maybe a b c news is a troll... ;-)

[NCspaceman]

"Myth - The world is running out of oil (Peak Oil)" a 20/20 episode (abc news)

[kathiebishop1]

This guy is a fantastic researcher!! If you fail to find out the qualification of an expert---then how can you make any rational decision?? It's not enough just to say it isn't true---find out the facts!!

[GJtheDopestTV]

FUCK OIL ITS TIME FOR SOMETHING NEW MAYBE HEMP OR SOMETHING WE CAN GROW

[JJbones88]

@GJtheDopestTV the only problem is it takes oil to grow hemp and process it. Nothing will replace fossil fuels we can only reduce how much we use them. So yes hemp will help but not replace oil.

[NCspaceman]

Peak oil is B.S., just like human-caused global warming...wait, human-caused "climate change" we are supposed to call it now... Try "the earth is literally full of abiotic oil(must deeper than any LOL rotten dinosaurs and ferns) and many old wells are refilled with abiotic oil. Do we need to burn limitless oil cleanly? of course... Peak?, is a scam.

[brbr28]

@NCspaceman You absolutely categorically MUST be a troll with such a ridiculous ignorant comment.........it's one of the STUPIDEST comments I have EVER read on Youtube!!!!!

[JJbones88]

@NCspaceman thank you for this. I don't automatically think you're correct however you just showed me a door I can go explore now to come to a conclusion. Thanks again

[KrunchyJD]

@NCspaceman You are so wrong on both issues!

[agriperma]

@NCspaceman I find it interesting that anything that someone finds beyond their understanding automatically call it a hoax , or scam. the USA hit peak oil in the mid 70s or didn't you know? thats why we have to import it now instead of having excess we could export. Venezuela. hit their peak, Peak oil has nothing to do with running out of oil, it only means that the easy cheap stuff is gone, higher prices will regulate consumption to match the levels that can be pumped.

[raf747]

I disagree with the last stament " We need a Liquid fuel" Petrolium produce only the 35% of world energy needs today The rest of the energy sources are mostly Coal and Natural Gas. Indeed, Nuclear Fussion or Cold Fussion could help to supply today's heating and electricity demands.

[47f0]

@raf747 - We need a liquid fuel for transportation. Fixed energy consumers, like factories, could, of course, utilize a variety of energy sources, but for cars, trucks, buses and planes, we don't really have any better technology, or infrastructure to transport and provide energy. Hydrogen and electric face huge infrastructure hurdles that some form of liquid biofuel, for example, wouldn't face.

[HDaviator]

Or you could do what the people in the Fallout video games did and put nuclear reactors in every car. LMFAO

[sirellyn]

I love Chris Martenson and would encourage anyone to watch his crash course (if nothing else, watch Fuzzy Numbers).

I don't agree with decision to get governments to help plan resource swapping better. It's not that he is wrong about markets (they do current very well, future less so) it's that we have both heavy market manipulation and if talking about using a different system, there is no other system that has demonstrated better future results.

Markets aren't great, but gov plan = worse.

[HDaviator]

@peymaania

Of course there is a long way to go. People still believe in god don't they? So obviously there is still a surplus of stupidity.

[j2201987]

I feel like this "peak oil" is part true and part scare tactics. And it just seems like no action is being taken about finding and heavily endorsing alternatives.

[enticed2zeitgeist]

@j2201987 Follow the trail of money man. It runs the world. If you can't make money solving a problem then it doesn't get solved. Selfish individualism will destroy the human species. We're well under way man. Enjoy the ride!

[agriperma]

@j2201987 peak oil, means we are only half way through the oil, so we do have another 100 years or more, what will happen is , as demand becomes greater than what can be pumped, prices go up, and so do profits. this in effect will lower the demand, as people slowly move to alternatives. the idea is to milk oil to the last drop.

you do not get rid of the goose that lays the golden eggs, oil will be around as long as we the consumers continue to not switch to alternatives.

[47f0]

@j2201987 - "peak oil" is 100% not true. But it's 100% not scare tactics, either. Oil is a finite resource. We're using it up. As the "easy oil" is depleted, it's going to get more and more expensive for exploration, extraction and processing. And make no mistake - the easy oil, the cheap oil - it's gone. At the same time, China, Africa and India are ramping up their energy requirements. We will always have oil - but will we pay $1,000 per barrel for it?

[antred11]

@47f0 Well, if at some point the remaining oil is so hard to extract that in order to get one barrel of oil you have to burn up an amount of energy equivalent to one barrel of oil, then it really doesn't matter how much oil there is left because it can only be obtained at a net loss.

[2minstral]

You have to change the system we are all enslaved to and luckily the timing is perfect as the markets begin to collapse all around us. There are solutions and it starts with planning a World without exponential growth based on consumer consumption. Mankind is faced with a decision that will either see our demise or evolution and it starts with ending monetary dependence for survival. Road to Endless war - The final Chapter - part 9 provides direct solutions out of this nightmare.

[exmuslimNfree]

Religion will kill us all before we run out of oil. Islam especially...

[waqasali03]

@exmuslimNfree your hate will kill us first

[thatswassupone]

@waqasali03 true

[thatswassupone]

@exmuslimNfree that's just dumb.lol

[waqasali03]

@exmuslimNfree think about it. The last century is characterized as going away from religion and 200 million people were killed. What was WWII about? what was WWII about? nationalism facism communism not islam or christianity

[gmshawnryu]

Why do people refuse to take this issue seriously?

[enticed2zeitgeist]

@gmshawnryu It's too difficult to deal with. That's my guess.

[T0B0KKE]

All the world needs is to get electrical car runnin'. People start graduating in material engineering and research for batteries. Neglect any money oil companies may give you to patent your findings and there you go, you saved the world. I wish...

[JJbones88]

@T0B0KKE with electric cars we need different tires. Tires have 7 gallons of oil in each one. 800 million cars in the world, that's 5.6 trillion gallons of oil, only in the tires.

[agriperma]

@JJbones88 Just because you cannot eliminate 100% of oil usage, does that mean not do anything? Tires take 7 gallons of oil, ok, 4 tires = 28 Gallons, but a gasoline car may use that much every week. and tires can last up to 60,000 miles. so lets do the math,  lets say the car is economical 60,000 / 40mpg = 1500 Gallons, so by your logic we should not save 1,500 gallons, because of 24 gallons in the tires? as for the 7 gallons per tire, how much of that is just energy that can -

[agriperma]

- can come from other sources. a smart investment would be to panel up your roof, tie grid your system, sell excess during the day, buy it back during the night, use an electric or hybrid car for your daily commutes. a large enough system, may be enough to offset all your energy needs both electric and transportation.

[JJbones88]

@agriperma No you are incorrect, that is not what I'm saying at all. What I'm saying is rather then focus on finding something to eliminate fossil fuels we have to first focus on lowering the usage. I agree will you, you didn't know my full understanding.

[janenba352]

@JJbones88 why can't we do both? find alternatives like algae-based biofuels, cut energy use, promote advancements in solar and wind (so we can take down the old wind turbines and install ones that actually aren't worthless.), reduce coal and oil use, improve efficiencies at home and the workplace. If every person does a bit of both then things improve. Even recycling helps.

[JJbones88]

@janenba352 we can absolutely do both, and should do both. my point is us simple folk focus on reducing usage while the smart fucks find something that can completely replace fossil fuels

[agriperma]

@JJbones88 were on the same page now :) the "smart" thing would be if people just lowered the consumption of fossil fuels, but as long as its affordable and convenient, they will stick to it. the only thing that will motivate most people, is the cost. luckily there are non oil producing countries, not married to the big petrol companies, and are moving forward with alternatives, and developing new tech.

[T0B0KKE]

@JJbones88 Tires is the least of our problems. What is keeping electric vehicle from growing is batteries. Period.

[wafdawg]

The producer needs to stop getting on camera. The segment is clumsy and he also comes off as an idiot. Just watch the Capital Account with Peter Schiff and you'll know what I'm talking about.

[RTProducer]

@wafdawg what happened during the Peter Schiff interview? Also, how does he come off as an idiot exactly?

[wafdawg]

@RTProducer - I was out of line for the idiot comment. I apologize.

But on the Peter Schiff, interview, you can tell he annoyed Peter when he said gold is not really liquid and you can't settle transactions in gold which btw is ridiculous.

[RTProducer]

@wafdawg It's ok. This is Demetri btw. I'm the only one who comments on the boards anyway.

Look, i don't mind if you call me an idiot, but you need to justify the position you are taking. None of the questions we ask on Capital Account are without purpose, and they are certainly not stupid. You cannot settle your transactions with gold, and to suggest otherwise is ridiculous. The reason why this is important, is because it explains why people would sell gold in a bull market...

[RTProducer]

@wafdawg lots of people trade gold on market, and take long positions that they can't hold in the face of appropriate price drops. When liquidations start, people start closing positions because they can't keep putting up the collateral to meet calls. That causes a self reinforcing price drop that can shake a lot of longs out of the market, and in turn, cause a lot of other people to start going short the underlying asset which causes a slingshot effect in the other direction.

[RTProducer]

@wafdawg the reason i asked the question is because Peter does not always acknowledge this need for cash, and given the HIGHLY leveraged nature of our current financial system, even gold can experience MEGA price drops. That means that gold can go much further than 1500 dollars. It can drop to 1000 dollars or more. That is not ridiculous. We saw this in the 1970s, where it dropped 50%. Take a look at the trend line for gold. It has been going straight up for 10 years.

[RTProducer]

@wafdawg @wafdawg i am bullish on gold, but i still go into cash when i expect a period of deleveraging to occur. This is why i asked the question. And btw, i'm sure peter was not annoyed or though the question was stupid, but even if he did, we aren't here to please any guests. if you want to hear an interview i did with peter so you can understand my thought process you can go to the podcast section of my website coveringdelta; i have some old radio interviews there.

[T0B0KKE]

@mikailmari Go read the crash course, he explains why we have no more than 10 years if we're at peak oil. The problem is that in order for you to sustain the economy you need to grow, and therefore you need to gradually increase year by year the amount of oil you drill. If oil production starts to decline, ie, peaks, you need to replace it with something in order to keep the economy growing to feed the interest payments. That's the major issue, you have nothing that can replace oil..

[Zooni2]

The only resource that counts is human brain power. Oil is just a profit mechanism for the wealthy. There are already alternative energy sources that we ignore and that oil companies buy patents for in order to stop competition. Energy is not a problem. The major problem facing the world is corporations gone wild, stagnating whole societies.

[LilWyble225]

Yea about congress....... Were fucked.

[ParrhesiaJoe]

Rossi has a working cold fusion unit... sold. He's been heating a college building for a year with cold fusion, and he has ten thousand pre-orders for e-cat devices. The state of Massachusettes is investing.

BUT, you will be sucking the black sludge until you press the issue with your elected representatives. They will deny the existence of abundant decentralized energy alternatives at any cost.

... because it would really hurt the case for war, and $USD Oil contracts prop up fiat money.

[TruthatCearcie]

Oh man this is the first comment, um, er, um. We should switch to hydrogen and in addition to that renewable energy...

[ParrhesiaJoe]

ecatnews.com. Cold fusion makes this sludge obsolete.