More Hirsch On Peak Oil

[ACCKKII]

I have a question from Dr.Hirsch; when did he found there is a peak oil problem?

[MrEnergyCzar]

Hirsh fully understands our economies are reliant on cheap liquid transport fuels....

[MrSixxshooter]

Just walk out if your home and listen . Listen to the sound of the industrial age . That humming noise , the sound of automobiles all around us . If you do your research you will realize that we are swimming in our own downfall. Which is the dependents of fossil fuels .We are in a recession now because of peak oil and peak oil only!! Anybody who does not believe , then you tell me when the the recession / depression will end in the near future. OIL = industrialization = economic prosperity . w

[CandianBear]

climate change is the choke point- coal to liquids cleanly? it'll get done due to the frenzy created by scarcity - but it's going to be a massive fight- why spend the money on a transition strategy when we can invest massively into the renewable techs!? let's INVEST, create jobs in the RENEWABLE energy sectors! Let's get busy!

[james7696739]

I read that the world uses approx 88 million barrels of oil a day . That will increase in the next five years as the West recovers from recession and the developing world develops, to maybe 120 million. So if Iran has 138 billion barrels, thats approx 4 years worth for the world?

[KrackowKid]

@james7696739 Who says there gonna share the oil with the world? Who says there gonna sell to the U.S anyway. They have already changed over to the euro as payment for their oil and dropped the dollar. Maybe the U.S will invade and spread a bit of freedom and democracy there too like in Iraq who coincidentally also have large oil reserves.

[oilcrash1]

for the record Iran peaked at 6mbd in 1978 and now pumps 3 to 3.5 mbd

[lumajs]

The lady over there who says that $50 is plausible is reasonable while Mr Hirsch seems to be a crackpot, unless the prices are round like the Earth and the path from $147 to $500 goes through those $65 today. ;-)

[ebach1]

thats very interesting :)

we better use solar electricity production

and charge scooters with it

[Noahgoy]

I received a comment from an individual who told me Peak Oil is not a fact. Of course this is nonsense. Oil is a non-renewable source, and at some point, it shall peak. The debate is when.

This individual gave examples of Russia drilling 40,000 feet underground and finding oil.

What he didnt mention was the amount of energy required to obtain one barrel of oil this deep in the earth.

For example, the oil sands use 1 barrel of oil to make 1.5 barrels of oil. The easy oil is gone.

[lumajs]

Peak oil is a crackpot theory.

The "exact point" when the production peaks doesn't actually exist, depends on conventions, and is extremely far from the present era, anyway. When the times arrive when oil becomes too inaccessible and expensive to drill, it is very clear that it will no longer be important. The Stone Age also didn't end because we ran out of stones.

I don't know whether we need more than oil at $65 to see that those who predicted a rise forever are just cranks.

[Chromatype]

You, sir, are an idiot. Please don't talk about subjects that you have no education or background in. Read up on the geology of oil and discovery. We are in SERIOUS TROUBLE. ACCEPT IT AND GET READY.

[lumajs]

Lady or Sir, I have all the education and background I need for estimating the amount of oil and determining its impact, and I've been teaching related things at Harvard.

Please find a psychiatrist if you're in serious trouble, spelled in capital letters.

[oilcrash1]

@lumajs

hit $82.00 today . on its way back up?

[lumajs]

@oilcrash1 I have no idea but if the Israel-Iran war begins, and it is not ruled out at this moment, it may jump up a big deal, at least for a while.

[oilcrash1]

@lumajs or the Iran-USA war, or the China-USA war, if the continued war on the US people by their government continues rioting and civil unrest ... could lead to a drop in price ????

Which ever way we look at things it doesn't look good, I'm just happy I don't have children

w w w dot o i l c r a s h dot c o m

[lumajs]

@oilcrash1 Dear oilcrash, of course that it could also lead to a drop in price. For example, if Israel or USA take over Iran's oil fields, and/or at least force Iran to pump much more oil, which may occur at the end of the war, there will be lots of oil and it may drop to $40 or whatever you like.

Also, there may be no war and the prices may continue to drop, like they dropped by nearly 50% since the peak in 2008. You're not looking properly if you think that prices always have to rise.

[oilcrash1]

@lumajs Hi Lumajs Iran is way past peak - hence the rush to nukes, it's oil is high in sulfur, even if the US/Israel did manage to get hold of their oil fields, it would take years to get them producing again, if anyone wanted or could process it. and the 'terrorist' activity would close the Strait of Hormuz , only need a jet boat and a few pounds of explosive.

And China would not sit still if it saw it's oil in danger. I think Iran is the least of our problems

[lumajs]

@oilcrash1 Your comment is preposterous. Iran has the 3rd largest oil reserves in the world, 138 billion barrels, more than 1/2 of those of Saudi Arabia (the leader). At current prices, the reserves are 10 trillion dollars, more than 10 years of their whole annual GDP. They're surely not making nukes because of peaceful energy: it's about the bomb. Sulfur is irrelevant and terrorists can be easily killed. Strait of Hormuz is 54 kilometers wide in its narrowest: pound of explosives? WTF?

[oilcrash1]

@lumajs I will stick to my comments about peak Iran and their crappy oil .... 1 pound of explosives + jet boat + oil tanker = closed Strait ?

Were are all the refineries 'processing' high sulfur oil? China?.

I thought it went something like Saudi Arabia (peaked) Kuwait (P) Mexico (P) Russia and then maybe Iran? ... not forgetting Canada (wink)

[AKhajavi]

you are dummy, I am Iranian. Do you think when USA, start another war with Iran Oil drop. People killed because American need Oil to live. The Oil belong to Iran not America or other countries.

You killed Mexicans,Vietnamiz, Chilly, Arqi people, is not enough to kill people than buy Oil from Iran with resonable moneny than killing people to get everything for free. America is ended you should understand.

[lumajs]

Peak oil is a crackpot theory.

The "exact point" when the production peaks doesn't actually exist, depends on conventions, and is extremely far from the present era, anyway. When the times arrive when oil becomes too inaccessible and expensive to drill, it is very clear that it will no longer be important. The Stone Age also didn't end because we ran out of stones.

I don't know whether we need more than oil at $65 to see that those who predicted a rise forever are just cranks.

[Noahgoy]

You could not be more wrong.

[HBOMB99]

Why would you ask economists. They've been wrong at every turn on this. Economists are idiots and their training doesn't apply to this problem. Talk to geologists. I can't take her seriously after she quotes economists.

[CmdrTobs]

I know this is 9months old but I thought exactly what you though when I watched this. Its shows what a idiotic trance we are in, we think the market is the most important thing. We think that all things are infinite and the market has the final say.....

[riciard55]

death will come china usa world war 3

[mr13377]

Robert Hirsch rocks! go get them hippies

[valhala56]

Wtf do you mean go get them hippies? If your talking about lefties then we have pushed alternative energy for years. It's the right that demanded HUGE trucks, the right to suck as much gasoline with no regard to the future generations in effect robbing our children and grandchildren the lifestyle that we pigged out on for so many years.

This is all is going to get very ugly because people could not be persuaded to conserve oil and use alternative energy.

[mr13377]

All your assumptions about leftist are completly baseless, first of all there is no "left" in america and second I was not pointing at that. I was pointing at that other chick they interviewedm, how she is completly clueless about the subject like most people in the media and how she still gets to appear as an "expert".

Hippies just make a lot of noice, political nonsense and still get a lot of credibility.

[valhala56]

What makes you think this clueless bitch is a "hippie" she is wearing a business suit, no love beads, no tye dye, she is not using any "hippie" lingo, I think your the person with the baseless assumptions. How do you know she is just not another clueless right wing zealot who just does not understand the implications of peak oil. I think you just want to blame this bad situation on a type of people you don't like.

[rikbrown]

This Ms.Lippman women is the epitome of a yuppy in denial, a elitist (maybe uber feminist) who is so much a part of the problem. Her presence on this show was I think to demonstrate this idea.

[InTheSticks1881]

Very important vid for me. Otherwise rational folks remain and will continue to cling to the idea that our easy life will never end despite the facts. It is human nature. Unfortunately this means life will have to become very unpleasant before they begin to accept rational and practical solutions. If the price of oil is several hundred a barrel and it will be, coal becomes cheap to strip mine and gasify. We happen to have the largest reserves in the world :O)

[Dangerwinn]

Why didn't he mentioned about a combination of alternative or renewable energy. Solar,wind, thermal and magnetic energy are the way to go. Go Veg Be Green Save the Planet! Obama 08

[Golgo13ThePro]

Hirsch mentioned them. They don't provide what we need, which is liquid fuel.

Also take into account that those sources of conditional power have a fraction of the energy density of fossil fuels.

To put things into perspective, 2 large coal firing plants produce as much electricity as every solar panel in the world combined. We'd have to make 9.1 million solar panels each year for 50 years just to = the energy used by oil in 1996.

The bottom line is there are no supply side solutions.

[Dangerwinn]

Check out this vid. watch?v=Ex76Spawbeg

[Golgo13ThePro]

Ah, so they've got large capacity generation solar arrays now. That's good. Unfortunately it doesn;t give us the liquid fuel compatable with current infrastructure like we'll be needing in the immediate future, as hirsch indicated.

Good part of a long-term strategy for electrical generation though.

[UnderseaCaveman]

"They" will most likely make matters worse...and unwittingly drive Oil to $600...very easily. That's only two "Doublings" away. We got to $120 on three "Doublings" in 7 years... two doublings in 4 years, why not!

[chiefthegreat]

I don't believe a word, as long as

==> he doesn't mention the new Kasachian Fields going onto the line

==> that the real reason for the high prices lies in the speculations on WallStreet

[shishikyuu]

sorry to say this, but you are dead wrong. new fields? fine and dandy but not enough to keep up with decline, he actually mentions this.

anyway, discussing this with you really has no point as your mind is made up already but I guess we will see what the future holds.

[Golgo13ThePro]

We don't have to wait for the future to know what's going to happen, because the data has been available for several decades and we're already seeing what we knew was gonna happen.

Oil WILL be increasing DRAMATICALLY in price in the immediate and distant future to the point that most people won't be able to afford it.

Given how much of the world runs on oil (practically all of it) and what we have available that can suitably replace it (almost nothing), you figure out the implications.

[ManicEightBall]

If you ask the experts, they'll say they don't really know the cause, so I think you're grasping at straws. Besides, if speculators are betting the price will go up, why do you think they believe that?

[petehuss]

If speculation was driving prices, where is the unsold oil that that was prices too high?

The fact is that the oil 'speculators' keep the price in line with supply and demand. High prices for fuels is better than no fuel available at any price.

If the futures markets are shut down, you will not have high prices, but shortages, which is much worse.

[Deathridesahorse2]

She is HOT!

[Estevez123321]

Chilling predictions indeed!!

[776281]

$50/bl not possible. Fantastic new finds, at 40,000 feet that will not be cheap.

Billion Barrel find, recover 400 million barrels the world would use that in 5 weeks

[sciencegirl1]

I agree completely with Hirsh. It was also very funny the way that he ripped Jo-Ann a new A##hole. You can tell she was completely uneducated on the subject of peak oil. What was she even doing on the air.

[danieleriskay]

" What was she even doing on the air."

She's kinda hot. I think that's a sufficient credential these days.

[UnderseaCaveman]

"She's kinda hot. I think that's sufficient credentials these days"... LOL...

[danieleriskay]

Seriously, man. I can't afford to drive anywhere. Might as well see a hot chick when I turn on the news. Even if she's just spouting nonsense.

[UnderseaCaveman]

Daniel, seriously great comment....the cynism is spot-on :)

The one Peak Oil Denying Babe had Hot Legs, she'll need'em....lots of walking!

[danieleriskay]

Hell, i'd walk a long ways to have those legs wrapped around me.

[Weaseldog2001]

She was keeping it 'fair and balanced'...

Some problems can't be fixed. Peak Oil has no solutions, if we define the problem as, "How do we maintain infinite growth?"