German Army Peak Oil Study - within 10 years oil shortages may collapse global economy

[4271580]

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[troybrownrigg]

After the BP spill in the gulf, I beleive anywhere you drill one would get the same results! I don't beleive there is any shortage at all!

[Clausewitzz]

@troybrownrigg

Shortage isnt the problem (not yet atleast).

The problem is that we are moving from the oil that costed bellow 20$ a barrel (the price on wich our modern society has been build upon) towards ever more expensive oil.

There might be more then enough oil but if the price to get it out means only millionairs can afford to fill up their cars in the future it's not much use for society in general, and that's the problem we are slowly moving towards.

[troybrownrigg]

@Clausewitzz That's a good point, but that oil spill was the size of germany! It came from one hole in the ground! We may have reached peak oil, with 7 billion people wanting resources, it won't be long! Soon only the rich will drive, the poor will either live close to work or be unemployed.

[EyeWarnedYouB4]

What's all the fuss about oil when they've just discovered the biggest oil field in DECADES right here in North America!!! Google the "Bakkan Oil Field" of North Dakota / Canada and read all about it for yourself!!! It's supposed to be BIGGER than all of Saudi Arabia!!!!

[ArchimedeanEye]

@EyeWarnedYouB4 It's mostly sand and shale oil, which is extremely costly to remove and refine into anything that resembles proper crude. The process of removing and refining shale oil requires bulk natural gas to heat raw material, then bulk electricity to create hydrogen that is then injected into material to make it flow. Only very high oil prices could justify such a process. Anyway, the point is, this type of 'discovery' is very different to Saudi Arabia free flowing oil

[EyeWarnedYouB4]

@ArchimedeanEye That's strange because the area is BOOMING with oil workers and construction going on. There's a housing shortage there too because of so many workers moving in. SOMETHING'S going on there.....

[ArchimedeanEye]

@EyeWarnedYouB4 It's getting to the point where this high-cost extraction oil is the only option, but make no mistake; regardless of the government subsidy thrown at it, it is extremely expensive. Free flowing oil nets you about 100:1 energy return after extraction and refinement energy inputs, whereas shale and sand can be anywhere from 3:1 to 20:1. That means at best, we'll have 1/5 net energy available to us (however abundant) compared to the glory days of old

[troglodyte2084]

Forget ethanol. Thats just something the corn industry gave themselves. No one will use ethanol the moment it effects food prices.

[troglodyte2084]

Im looking forward to riding a horse.

[1x93cm]

@troglodyte2084 i'm looking foward to eating that horse because factory farming will be impossible without oil to grow, ship, water, and preserve food on a large scale for the population

[candistyx]

Wish I had the money to buy up arable land now. Sure if civilisation collapses completely I'd be better off buying guns, but I am still betting that legal structures in place will continue to have significant influence in which case land ownership is still a good move.

[candistyx]

@MrDarknessDoom Just because your mummy hated you doesn't mean all human parents hate their young.

[TheMarkbarron]

If using more oil causes the banks to collapse then lets all start using more oil. Cant wait for those evil banks to collapse.

[1991jmoney]

We would drill Alaska if necessary. There is already technology to not need fossil fuels but the companies wont use it because they want this to happen. They are part of the pyrmid.

[GeoffreyRahl]

@1991jmo googlesearch "Alaska untapped USGS ASPO"

[1991jmoney]

The real "illuminati" not"jay-z or beiber" is buying out the recources with paper money the same people that own BP own GE and The bank of England.

[4aSteadyStateEconomy]

The Krauts don't mess around. But this information isn't exactly a secret.

[66chevyo]

When the price of cheap light crude goes up, heavier crude becomes proffitable. As oil becomes more proffitable, business men will find a way to provide people with the oil they desire. There are no shortages of hydro carbon based engergy sources.

[javime99]

I think all this it's exaggerations, we are fine but there will always be the lunatic fringe

[madmanmikey]

Quick question - how is it that you, a conservative, argues along this line? Please don't take that as a slap against your view here, as I share it. But most conservatives I have talked to either bury their heads in the sand or they adopt that Russian theory about oil levels being self-sustaining due to geo processes.

Thanks for the postings!

[afsocpuma]

scary stuff... I'm glad I'm prepared..

[TIKIMAN198]

@afsocpuma fucking ditto. 

[DesertFerret7]

Oil will still have its place but with less. It's obvious that politicians are out of touch with reality thinking that believe that they can get anywhere with their lies. The government is a walking disaster and they think they are above us. We will pull them down by force if we have to. There is better energy like green fuel from algae that is also in Texas murdering a good number of fish. Algae is the cockroach of fuel. Though politicians are too dumb to understand it. Are we ready to evolve?!

[dyter07]

Too bad the video is not available in Germany. I had to use a proxy server to watch it. But the conclusions are correct....

[PaulRevere2012]

@dyter07 --

Thanks for watching. Yes the soundtrack has a copyright issue in Germany.

[firstfamilyoffahrts]

@PaulRevere2012 Do you know where the soundtracks from? Its pritty sweet.

[firstfamilyoffahrts]

@firstfamilyoffahrts oh it says in the description nevermind

[MrMaschingewere]

@firstfamilyoffahrts It's Tangerine Dream, but I do not know which album, sounds like earlier work. They have released too many albums to guess, so download them all while you can. Fuck SOPA PIPA ACTA..

[circusboy90210]

@dyter07 the conclusions are your a nut job if you believe this.

[antitheistpansy]

Impressive informative video. It is highly probable that the first signs of Peak oil supply pressures could be upon us in 6 to 9 months time with falling strategic reserves. Once the production decline starts, it does not stop. Many thanks.

[st0rmgal]

creepy! Oh that music reminds me of the video game "System Shock 2" - lol do you remember it? haha

[Izak0world]

Nothing new about. We all knew that this day is coming. I believe that modern countries are going to use food as fuel while poor countries are going to be left to die slowly.

[Joe11Blue]

Just goes to show you, we should have been building mines on the moon in the 80's like NASA wanted too.

[ketleball]

when the largest oil field starts depleting life as we know it is over

[ThePetteriTube]

@ketleball

And they are already declining.

[ThePetteriTube]

@ketleball

Yep.

[TIKIMAN198]

@ketleball Gwhar did 3 years ago....

[Geostrategic1]

The public has been fed there were oil/energy shortages since the Fall of 1973, Each and every time these so-called shortages have been proven to be out right lies. In America leftists have not allowed proper drilling of new oil wells, restricted coal development and the latest, the White House and cohorts in the Senate are deliberately blocking an oil pipeline deal with Canada, a nation which has conservative leadership and no 'energy shortages'.  Iran's will cause the next oil disruption.

[spokewhilehecould]

@Geostrategic1 Agree. We can blame the stupid leftists (and the elite globalist powers that manipulated those fools) for their relentless protests to stop any progress. They should be the first ones to starve for their cause.... Wouldn't want to deprive them the opportunity to lead by example.

[bdist]

@Geostrategic1 Still believe in Santa Claus? Physics is the real deal here - peak of discoveries in the 60's, we're not even close to finding as much as we're extracting. The production peak is real, and it's been with us since 2005. The economy won't grow anymore, the cheap oil is already gone, the expensive stuff is what is left, and it's slow slow to produce.

[Geostrategic1]

@bdist The Obama White House and radical Dems blocking most drilling, does that also add into your peek oil theroy as well? Then there is coal gasification which is also ruled out by the same crowd.

[bdist]

@Geostrategic1 Ah you have fallen for the "Drill baby, drill"-idea. You know, even if you drilled all possible wells in the US, which would destroy much of your nature I might add, production would not reach the production you had in 1970. That's physics - non negotiable. The easy to get at stuff is gone. And while it's true that you can make liquid fuel from coal - do you not think we would have done that long ago if it was easy and cheap? Gasification is like a bandaid for a cut of leg.

[Geostrategic1]

@bdist Your comments would land you a very lucrative job as an OPEC pr-conman. Incredible...especially on the coal gasification baloney.

[4271580]

Your next video,How to survive.

[LtSgt5]

There's only one issue with this report. It's already happening, the first sign we should've recognized for the decline of oil was the invasion of iraq by chinese and american forces. The resource wars are already here.