Oil Going To $300 Says T. Boone Pickens & Peak Oil Is Already Here

[4aSteadyStateEconomy]

Too bad more "good ol' boys" don't agree with his message, and influence their cronies who need it the most. Most are too busy quoting Scripture to face the real world.

Still, Pickens has a lot of self-interest in this and isn't quite dealing with the whole fossil fuel issue. Gas fracking is already showing signs of being overhyped.

[lasleandras]

hemp oil now

[Talltrees84]

Replace one finite resource (oil) with another (natural gas). Real smart. Next time try electric cars, solar, wind, and alage based bio-diesel.

[circusboy90210]

@Talltrees84 for all intensive purposes not really that finite. we need all the above not one or the other. the amount of resources here cannot be used in millions of years and by that time they have started to renew themselves. you really need to travel more.

[donyunger]

This may have value for history, but it doesn't represent anything current. I'm I'm sure Pickens has abandoned the wind farm. Not that he didn't really have plans to build it, but he wasn't able to get the taxpayers to build the transmission lines to make his plans for profit work, nor could he get the taxpayer to pay for the infrastructure need to us NG as a freight fleet transportation fuel. Pickens was wanting to sell his NG end of story

[boscoesarmy]

This video is from 2006 at least.

[TurnKeyOil]

@boscoesarmy I have in my notes it was from T. Boone Pickens on CNBC Discussing Peak Oil on 5/20/2008.

[boscoesarmy]

@TurnKeyOil I thought it was pretty old footage all right in relation to the Peak oil debate

[HillOrStream]

I had a friend, who, around '07 -'08 became obsessed with Peak Oil. He divested his retirement savings to purchase endless supplies of freeze dried food, assault riffles and loads of other survivalist gear. Even now he will give anyone in earshot his endless diatribe about how we must prepare for the collapse of society.

[walter0bz]

@HillOrStream -

Smart chap.

[MikDonsen]

@HillOrStream Consider millions of american's right now are unemployed without food, it might of paid off at this point.

[TurnKeyOil]

@HillOrStream The important thing to remember here in my opinion is we are not running out of oil (at least not yet) but that we are already out of cheap oil. Oil sands, deep sea etc will keep pushing up prices fueled by new emerging market demand. Thoughts?

[HillOrStream]

@TurnKeyOil Can't disagree with any of that. Hopefully higher prices will finally get people serious about alternatives.

[TurnKeyOil]

@HillOrStream Agreed there are many good alternatives that deserve more attention. Its always been a question of economics there and they are just not as good as oil & gas. Higher prices would change that scale I would imagine.

[HillOrStream]

@TurnKeyOil The truth is we are paying a fortune for oil, have been for decades now. It's not just at the gas pump, it is a huge dent in our tax burden. Just think about all the money spent in the Middle East, on pollution cleanups, tax subsidies, health impacts, etc. The truth is the alternatives have been systematically suppressed.

[chadberry75]

@HillOrStream riding a horse..

[circusboy90210]

@TurnKeyOil amen and abiotic is a reality oil company's don't want known it will squash the perception that oil is rare or valuable.

[moonsugar1]

I've liked this video soley to counter the dislike. It may be old, but the man talks facts and even the woman interviewing him asks him about peak oil whilst showing at the same time, she knows fuck all about it.

[TIKIMAN198]

Yeah. This interview is old as fuck. FAIL

[TurnKeyOil]

@TIKIMAN198 Notes have T. Boone Pickens on CNBC on 5/20/2008. This was meant to serve as a historical account of discussions on peak oil.

[Standuble]

According to the description it was May 2008, just before the recession after prices reaches $147 a barrel. This gentleman could have been right (and still could be in the next few years) had the demand and prices not plummeted in that year.

[MikDonsen]

@Standuble With ongoing debt crisis, the actual cost of oil is closer to 300 a barrel as our reliance on imports has skyrocketed the national debt.

[Standuble]

@MikDonsen Jesus, we really are on a runaway train ride to hell aren't we?

[MikDonsen]

@Standuble Meh I think if the american people know how much oil is actually costing us in terms of debt, we might be able to say our economy. We need to get onto electric cars, solar, and winder power. It's the natural direction for our economy to take. Oil is just debt money.

[Standuble]

@MikDonsen I don't think we will be able to go renewable. Don't we need oil developed products or energy from oil or coal to create wind farms or solar power plants? Wouldn't we need to get all components and all input energy from renewable sources for it truly to be renewable?

[garyblades123]

What is the date of this interview ?

[TurnKeyOil]

@garyblades123 Notes have it as T. Boone Pickens on CNBC Discussing Peak Oil on 5/20/2008

[shr4n]

old