People do not understand that no countries are safe. The bankers and financiers are to blame, and they hold vastly more power than government officials. If you control money, you control EVERYTHING! ..China is not safe, Europe is not safe, Russia is not safe....America may go down first, but it will not be the last.
you hit the nail on the head with this one DrArbitrage, we need more intellectuals like yourself in this country. Might be the only thing that saves us from the stupidity. There are those who wish oil would just run out so they can have their alternatives. Neither will happen. As long as oil can be produced profitably it will be pumped up. And oil companies will limit innovation and congress will fumble oppurtunities to make us great again.
It's typical of peak-oil deniers that they distort the message so they can make fun of the loonies.
Opportunities to make you great again. Try thinking rather than spouting jingoes.
What's wrong with renewable energy - nothing except it never fitted in with the rich and powerful oil companies and the governments in their sway. You've fallen for their lies and rhetoric.
Finally market forces (hooray) are doing what the feeble politicians couldn't
I want alternatives as you do. Our obstacles are our own government and oil companies. As far as stupidity goes, just read Latoc's website, An extreme view of peakists theory. I do want alternatives, but not at the cost of human suffering. Thats where we need the creative thinking,not hinderance from special interest and doomsdayers. Americans are paying billion extra a day in gas costs alone. Who's gonna be able to pay for the alternatives when this is over. Not me. I have to feed my daugther
you of course do not 'empty' the fields. Recovery methods usually only take a token percentage of recoverable oil by methods available. As methods improve larger amounts can be taken for a longer amount of time. Ofcourse more costly, but more then economical at more historical oil prices. Production fall off is a normal occurrence however suddenly is a bit of a stretch, an average of 5 percent for year for 880 of the worlds biggest fields. Which makes investment in new fields paramount.
News Flash: Oil prices are being manipulated just like gold, currencies and nearly everything else that matters.
The Oil bubble has obviously started to burst. As of today Oil has lost approximately 25% of its value in less than 3weeks. Peak oil is not the reason for the expensive oil we just saw, it can no longer be successfully argued that it was obviously.
So all you peak oil doomsdayers please redo the production graphs, reserve estimates and usage figures; your math doesn't work lol
not true... basic research from the IEA's website that production avereaged 84.4 in 2005 and is running about 86.6 this year. Still goin up therefore your peak theory has not come to be yet. Look for Iraq alone to push there production up substantially in the coming months and years.
You are wrong jdreher. Peak CRUDE production in 2005, of course total liquids production is higher but all getting harder to find and more expensive. The oil is heavier and more sour and so on.
Check out eia doe gov aer txt ptb1105 (dot) h t m l
Oil won't run out tomorrow, that's not peak oil, but price is dictated by supply and demand and if supply doesn't grow then prices rise quickly that's the basis of the free market which the USA pretends to support but
you are wrong... that was for "selected" countries, leaving out a total of about 15 million or so barrels from other countries. If you agree that total production up, then there has not been a peak, i do not argue one day that there will be a peak. Supply has kept pace with demand, growing atleast 4-5 mbd since 2005. There is no basis for the price rises. There are even optomistic reports on iraq oil. Heavy crude is a misconception in the making, most refineries can process it
And they are constantly looking for ways to make it more economical, another free market wonder. Oil should be expensive, but forecasts of 200-250 per barrel, maybe a bit excessive, unless your an enviromental or long position investor. Too much money chasing to few goods, 2003 13 billion into oil commodities 2008 260 billion dollars.
The gov-nt needs to regulate the speculation to bring down the oil prices.
Stop trading papers and start trading oil. As in taking a shipment of it when you buy it before reselling it.
Goldman Sachs and Morgan Stanley have too much money in oil stocks. It's a win-win for them, because when oil crashes, the FED will bail them out.
One of the reasons why they might be trowing out these predictions is to cut and run say at $140 ($145 if they push it), while everyone else will get burned.
oh man i love the content of your video, i wish it were higher quality. gosh
shakaama 2 years ago
$147.27 is the peak intraday price (so far). $145.29 is the peak closing price (so far).
sliv812 3 years ago
People do not understand that no countries are safe. The bankers and financiers are to blame, and they hold vastly more power than government officials. If you control money, you control EVERYTHING! ..China is not safe, Europe is not safe, Russia is not safe....America may go down first, but it will not be the last.
littleredbirdy 3 years ago
you hit the nail on the head with this one DrArbitrage, we need more intellectuals like yourself in this country. Might be the only thing that saves us from the stupidity. There are those who wish oil would just run out so they can have their alternatives. Neither will happen. As long as oil can be produced profitably it will be pumped up. And oil companies will limit innovation and congress will fumble oppurtunities to make us great again.
jeremydreher 3 years ago
Who's stupidity are you refering to?
It's typical of peak-oil deniers that they distort the message so they can make fun of the loonies.
Opportunities to make you great again. Try thinking rather than spouting jingoes.
What's wrong with renewable energy - nothing except it never fitted in with the rich and powerful oil companies and the governments in their sway. You've fallen for their lies and rhetoric.
Finally market forces (hooray) are doing what the feeble politicians couldn't
vvkool 3 years ago
I want alternatives as you do. Our obstacles are our own government and oil companies. As far as stupidity goes, just read Latoc's website, An extreme view of peakists theory. I do want alternatives, but not at the cost of human suffering. Thats where we need the creative thinking,not hinderance from special interest and doomsdayers. Americans are paying billion extra a day in gas costs alone. Who's gonna be able to pay for the alternatives when this is over. Not me. I have to feed my daugther
jeremydreher 3 years ago
This is not esoteric. I studied the "peak oil" theory 4 years ago. We can produce more oil if we allow.
DrArbitrage 3 years ago
You may have "studied" it four years ago but you clearly don't understand it or don't want to.
Just look at the production figures from any field in the world they all have a production curves that peak and then fall off really quite suddenly.
Of course you can temporarily increase production but it empties the fields more quickly and in fact can damage them.
vvkool 3 years ago
you of course do not 'empty' the fields. Recovery methods usually only take a token percentage of recoverable oil by methods available. As methods improve larger amounts can be taken for a longer amount of time. Ofcourse more costly, but more then economical at more historical oil prices. Production fall off is a normal occurrence however suddenly is a bit of a stretch, an average of 5 percent for year for 880 of the worlds biggest fields. Which makes investment in new fields paramount.
jeremydreher 3 years ago
It's no token percentage at all, usually quite large with current production techniques. The Saudis optimistically quote 65% for Ghawar.
Fields are like sponges, flow rates fall over time and watercut, for example, becomes unacceptably high.
Call it a stretch if you like but many fields have (had) useful lifetimes of less than 20years.
5% fall off per year, BTW, amounts to half gone in less than 14 years if you can do compound intererst?
vvkool 3 years ago
News Flash: Oil prices are being manipulated just like gold, currencies and nearly everything else that matters.
The Oil bubble has obviously started to burst. As of today Oil has lost approximately 25% of its value in less than 3weeks. Peak oil is not the reason for the expensive oil we just saw, it can no longer be successfully argued that it was obviously.
So all you peak oil doomsdayers please redo the production graphs, reserve estimates and usage figures; your math doesn't work lol
Ukeman01 3 years ago
Ha ha.
Peak oil my friend.
US government own figures show world crude oil production peaked in 2005
Try to do some basic research.
vvkool 3 years ago
not true... basic research from the IEA's website that production avereaged 84.4 in 2005 and is running about 86.6 this year. Still goin up therefore your peak theory has not come to be yet. Look for Iraq alone to push there production up substantially in the coming months and years.
jeremydreher 3 years ago
You are wrong jdreher. Peak CRUDE production in 2005, of course total liquids production is higher but all getting harder to find and more expensive. The oil is heavier and more sour and so on.
Check out eia doe gov aer txt ptb1105 (dot) h t m l
Oil won't run out tomorrow, that's not peak oil, but price is dictated by supply and demand and if supply doesn't grow then prices rise quickly that's the basis of the free market which the USA pretends to support but
vvkool 3 years ago
you are wrong... that was for "selected" countries, leaving out a total of about 15 million or so barrels from other countries. If you agree that total production up, then there has not been a peak, i do not argue one day that there will be a peak. Supply has kept pace with demand, growing atleast 4-5 mbd since 2005. There is no basis for the price rises. There are even optomistic reports on iraq oil. Heavy crude is a misconception in the making, most refineries can process it
jeremydreher 3 years ago
And they are constantly looking for ways to make it more economical, another free market wonder. Oil should be expensive, but forecasts of 200-250 per barrel, maybe a bit excessive, unless your an enviromental or long position investor. Too much money chasing to few goods, 2003 13 billion into oil commodities 2008 260 billion dollars.
jeremydreher 3 years ago
No you can't read Jeremy.
In big writing the page is headed: World Crude Oil Production, 1960-2007.
The final column is world CRUDE production which looks to have peaked.
Au contraire: Demand is becoming constrained by supply - how. By price rises - that's the free market and how the Americans complain.
vvkool 3 years ago
The real estate bubble has cost me more in property taxes than the oil bubble has. Just living in my home my taxes have tripled. Thanks Fed.
chargermopar 3 years ago
The only way to hedge against higher oil prices is to buy your own. Can't beat them - join them - unless you join them.
yogiudo 3 years ago
Funny how oil is up today along with the Dollar. usually the 2 are quiet opposite.
Really show Goldman Sachs and Morgan Stanley for the traitors they are with their out of nowhere predictions.
31337Admin 3 years ago
The gov-nt needs to regulate the speculation to bring down the oil prices.
Stop trading papers and start trading oil. As in taking a shipment of it when you buy it before reselling it.
Goldman Sachs and Morgan Stanley have too much money in oil stocks. It's a win-win for them, because when oil crashes, the FED will bail them out.
One of the reasons why they might be trowing out these predictions is to cut and run say at $140 ($145 if they push it), while everyone else will get burned.
31337Admin 3 years ago
RIGHT ON!!
JSenator06 3 years ago