'Quest' author Yergin: World not running out of oil

[iorr98]

Once again Peak Oil is NOT about Running out of oil, It's about PEAKING in oil production!!! which we have. Peak demand means people can't afford to put gas in their car it also means the end of growth and the decline of industrial civilization. But go right ahead and read mr Yergin;s book and pour yourself another glass of cool aid.

[Standuble]

@iorr98 Exactly. It's when the glass is no longer full, its when its less than half full NOT empty!

In ten years oil prices have increased on a range of $100 a barrel, even during the 2008 recession it was still several times more than it was in 2001. With oil shale and fracking creating oil but a VERY expensive cost it remains to be seen how much the global economy can handle the chafing over the next decade or so. If the countries can't pay it, the companies can't afford to frack it.

[Beadbud5000]

Good discussion The interviewer is somewhat misinformed as noted by some of the questions she asked, but still a good video

[Beadbud5000]

Good discussion

[TomFuIp]

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