T. Boone Pickens: we peaked last year, globally

[proaudiohd]

@velcroglove - That is why they (the oil companies) will do everything they can to prevent $7 gas. Sure someone makes stellar profits for a few months, but the following crash hurts everyone much deeper. Meaning at $100 they are opening every tap they have available. They are not sitting on 500 years of light-sweet on US soil while the world is sent into poverty. They want us to keep driving so THEY can keep making money. If they had it, they would be pumping it. They don't.

[proaudiohd]

@velcroglove - $7 gasoline would collapse the economy (again). The radius of affordable commuting would shrink and bankrupt people living in the outer suburbs. They quit buying TV's and starbucks, and the worldwide economy takes a hit. Factories lay off workers. Less people drive to work (or can afford to drive to work). The droves of unemployed can't pay their mortgages and the banks fail (again). That crushes the stock market which causese even more job losses. Oil falls to $35 (again).

[proaudiohd]

@velcroglove - If it were simple as connecting the mythical wellhead at gull island, this oil would be flowing. The desire to please stockholders is too large, the greedy investors too hungry. These are companies motivated by quarterly profit. If all they had to do is turn on the switch, it would be on. There's no incentive to let their profits sit underground while prices pass the point of demand destruction and collapse the economy. They want to feed into economic growth, not kill it.

[proaudiohd]

@velcroglove - Don't tell me what I will worship, you are wrong. OPEC decides middle eastern production but that's all. American companies are free to pump however much they desire, and at $100 there is plenty of desire. We would not see falling production if it were simple as turning up the faucet. The oil is simply not there like it used to be. Its deeper, its harder, it comes out more slowly. They wouldnt be paying to explore in deep water if there were easy 500-year fields on land.

[proaudiohd]

@velcroglove - lol we do not have 500 years of light sweet crude. we are in perpetual decline despite billions and billions being spent on exploration to find tiny pockets under 10,000 feet of water and another 30,000 feet of seabed. If that's what's left, the good stuff is gone.

[jjstoney1]

Let's see, that pesky law of thermodynamics, and we are aware of science and math. Put simple science and math to work.You find that: approx 5 billion people must die due to lack of food. Food is grown with energy. Without fossil fuel bolstering our farming the earth will not support more than perhaps1.5-2 billion people. Energy=life. Less energy will mean less life. 

[symmetry08]

people should have despised politician. They say what people want, not truth. Damn stupid average mass.

[controlpopulation]

we peaked in the late 90's.

[REAL88E]

@controlpopulation peak is the new bullshit to raise prices. its a sham just like winter oil

[controlpopulation]

@REAL88E , your kidding me right? Peak Oil happened a long time ago. Its the sole reason why the economy will no longer grow for quite some time. The US economy hasn't grown since 2000. There are simply too many people on the planet now to provide for so we can either lower our population down on our own, which is the responsible way, or let mother nature do it. I can guarantee you the mother nature way will be much much worse than the human way. So bad we can hardly imagine the consequences

[REAL88E]

@controlpopulation i dont care about supply of oil because we have a vast supply of alternatives. your so f. dumb its pathetic mother nature. here some knowledge you want belive about oil pricing but true the enviromental groups are funded by big oil

y dumb ass cause it raises prices follow the money not the rhectoric

[controlpopulation]

@REAL88E, hmm. So first you said Peak is a sham, now you don't care about the supply of oil. You are confused. Literally everything on the planet is MADE of oil unfortunately and the technologies YOU think are so abundant, aren't so easy to implement. You better read more because you have no clue what your talking about.

[REAL88E]

@controlpopulation no clue? they make plastic from corn. your an idiot we will get alog fine post oil era the problem for the powers that be is how to control the populus of earth when they use alternative fuels if you take a real look you will see oil is not the problem its the oil people who will always strangle alternatives away. the grass people cut could fuel there needs

[controlpopulation]

@REAL88E , they make plastics from oil. Only a fool would use our food supply for anything other than to feed the poor and hungry. 1/4 of the planet is starving and using food to replace oil's current uses would be insane. You will find out its not so easy to implement new technology especially when most of the components are made from oil or a by product of of it. Are there alternatives, yes, but they are no where near being implemented. I do a agree big oil doesn't want change.

[REAL88E]

@controlpopulation no idiot the fool was the oil company didnt allow for new ground in the bill to grow. you are an idiot

[controlpopulation]

@REAL88E, So you think its ok to use our food supply to make products? You are crazy. Get a clue. When 1/4 of the planet is starving the last thing you want to do is use food to make things with, even if its corn. Again, you are delusional and have a lot to learn. If it was you who had no food, I'm sure you would agree that life is more important than making plastics out of corn. Like I said, its not as easy as you think to implement new tech and your lack of understanding is typical.

[REAL88E]

@controlpopulation why are you stuck on food supply? we throw away more food than most countries have. whats really going on here is that your best argument? we could grow more crops the u.s doesnt give a damn about starving people or poor people thats not even a real debate

[controlpopulation]

@REAL88E, you can't grow more crops.  Its called soil erosion buddy. Its happening all over the world and getting worse. Grow too much too quick and your soil turns to sand. They are using artificial fertilizers to try to stop it but its only delaying the inevitable. Again, you have a lot to learn. You need to think deeper because you tend to skin the service with your thoughts.

[REAL88E]

@controlpopulation im done the fool is in the mirror u look at bottom line soil errosion ? lololololololol alot to learn the sun is free wind is free the ground free fertlizer dirt cheap. food for other country sell your stuff and adopt them otherwise leave the poor out of this

[REAL88E]

@controlpopulation what lie should i read? its all a pack of lies . people get rich on both sides.its like abortion if they get rid of it the money from the christians would dry up

[LordOftheMind]

idiosyncrasy, people are blinded by the lies. We can't run out of supplies you idiots are fooled by hoax, I hate to stand Americans any longer they are most atrocious pieces of garbage left on this Earth.

[mjonausk]

@LordOftheMind He is talking out Peak Supply. Not that the oil is running out. Which means if peak supply stays constant but demand goes up e.g. from china and india, this in turns means prices will rise dramatically.

[LordOftheMind]

wow thumbs up for idiosyncrasy.those that say we run on low supplies are ghost whisperers of portrayed media lies, what a bunch of morons we are as America, kinda makes me feel dumb myself.

[poopster102]

Boone Pickens wants the public to think we are running out of oil so he can receive government subsidies for energy.

[daltonagre]

T. Boone Pickens is investing(heavily)in wind power.

[moniequa]

If I bought alternative energy stocks and I want to reap a quick profit what do I do? I would say oil is peaking and alternative fuel is booming. So everybody buys alternative energy stocks and mine would go up. I sell mine reap the profit and pseudo stock collapse.s

[mike4ty4]

That's right, we peaked out and now it's only going to get harder and nastier. We really need to get away from this stupid culture of consumption.

"T. Boone Pickens is part of the Liberal conspiracy? LOL."

Cold hard logic is what matters here. I don't give two cents about "liberalism" vs "conservatism", both make good points and crap points. That's the thing about today's "politics" -- it's a "battleground". Half-right half-wrong ideologies claiming to be the thing.

[Dalypics]

"a billionaire oil man pushing a 15 million dollar campaign that should be about wind but really it's about water and good old fashion environmentally destructive profit." ZapRoot

citizen org/cmep/Water/us/bulksales/te­xas/

[skipqtexas]

Fuck that dude!

He's trying to make WATER a commodity.

You can't put a price on LIFE!

[altfueltechnology]

See My Channel B4 it's 2 late!

[retrop75]

Yeah the Iraqi oil master plan didn't work out as hoped....

[underaserpentsun]

it was more related to saddam threatening to sell oil in currencies other than the dollar. similar to the iran animosity of today.

[ruckrover8]

It is increasingly apparent that big cars like SUV's, Hummers, V8's and even many 6 cylinder cars have become obscene. The world needs oil for far more important things than driving these behemoths around the suburbs - agriculture, mining, air travel and shipping - that is where we need oil/petrol/gas.

Commuting needs to be public transport, plug-in hybrid cars and bicycles including electric bicycles.

[mikejj2004]

Public transport outside of NYC is a major waste of time.

[scrabbleking1965]

Oahu has The BUS and it wins award after award for service!!

[mikejj2004]

Public transport outside of NYC is a major waste of time.

[Alfrunk]

So how is a family of 4 or 5 supposed to get around? In a Yugo? WHy don't you worry about your own life and stop trying to impose your fascistic views on others. THis guy is a joke.

[Weaseldog2001]

Take responsibility for your life.

Quit blaming others for your problems.

Grow up dude.

[Alfrunk]

WHat are you talking about? Asking how a family of 4 will get around if not in a larger vehicle than a mini or a yugo- is not taking responsibility?? What's with the non-sequiter?? Sheesh.

[Weaseldog2001]

It sounds like you're out of options.

There's nothing you can do.

Too bad. Perhaps your life is over?

[Weaseldog2001]

Food prices are going to go higher.

You'd better be gardening if you can.

Manicured Suburban Grass Farms, are going to become a thing of the past.

[Alfrunk]

And why do you like that? Should we all live in tiny apt highrise bldgs? Christ stop rejoicing in the downfall of a society you sick bastard

[Weaseldog2001]

You sound like a drug addict. Running away from your problems.

Why do you feel that we should all be cowards and pretend that our problems don't exist?

You can't solve your problems unless you're willing to face them. Ignoring them, does not make them go away.

You sound like a typical Republican. Ignore your problems. Blame everyone else. Take no responsibility for what you do.

Grow up and learn to face some of the more unpleasant aspects of life. Cowards are not cute.

[Alfrunk]

ANd you think ethanol and windmills are going to solve the problem? You see, your side manufactures problems - Global Warming, Zionism, etc. You don't like that not everyone agrees that the sky is falling. As far as cowardice - Repubs aren't the ones appeasing terrorists & trying to withdraw from Iraq - of course, you probably think 911 was an inside job, so there's no reasoning with you. Also - had to lol about a liberal talking about personal responsibility! Thanks for that.

[Weaseldog2001]

Bush appeased the Terrorist Omar Khaddafi so Halliburton could get their money out of Libya.

Bush appeased North Korea so that they could jerk him around on their weapons program.

Windmills won't allow us to chase infinite growth on a finite planet.

Besides why are you bitching. This is capitalism at work. why don't you take your commie butt to a nation loves price controls.

[Weaseldog2001]

We elected oil men to the White House, so they could prosper. If we didn't like the way things are, then we'd vote in a peanut farmer.

The oil industry is charging what the market will bear. You can't get more American than that.

The Republican Party's leaders are all in the oil industry. And they are making record profits. How can you not be proud of them?

If you're not a pinko commie, then take pride in the American system working to improve the lives of our Republican leaders.

[Weaseldog2001]

You do love America, right? You do want to see The Bush and Cheney families prosper as the price of oil and gas rises, right?

[Alfrunk]

"You do love America, right? You do want to see The Bush and Cheney families prosper as the price of oil and gas rises, right?"

Evidently you don't understand the concept of a BLIND TRUST - in which politicians' investments are held, fucking moronic child.

[Weaseldog2001]

What you're saying then is that extended Bush and Cheney families can't earn money from their work and investments in the oil and gas industry while little Bush is in the White House?

Does Bush Sr have to live on social security while his investments, salaries and dividens are held in trust?

Perhaps you can better explain this trust system and it prevents politicians and their friends and family from ever earning money on their property and investments.

[Weaseldog2001]

And you are aware that this blind trust idea is voluntary, correct? It's not mandatory for a President to sell his family businesses when he becomes President.

Dick Cheney is the only White House resident I'm aware of that even advertised that he was doing this, and it turned out he lied. Though he sold his stock in Halliburton, he kept his options.

[Alfrunk]

No, I didn't know that.

[furturo]

Ethanol? Windmills?

LOL....

No, population die off will "solve" the "problem".

[Alfrunk]

As if the Earth has inherent value over humans? The Earth is toast when the sun goes supernova anyway - so wtf are you talking about?

[furturo]

The dream is over, America. Time to live in the reality of resource depletion.

In two words, We're screwed.

[Alfrunk]

"The dream is over, America. Time to live in the reality of resource depletion.

In two words, We're screwed." AHHH YES the depressing message of the liberals. Out to make us all equally miserable.Just tell China about resource depletion you guttersnipe.

[Weaseldog2001]

They already know about it. That's why they are cutting deals all across the globe.

They are outmaneuvering the US, while Americans cower under our beds in pools of urine, afraid the terraists is gonna get em.

[Alfrunk]

Cuz there's no terrorists!

[furturo]

Resource depletion isn't "liberal" or "conservative", it's reality. When you move past partisan bullcrap, you'll realize that. I'm not hopeful for the likes of you.

[Alfrunk]

You're not hopeful? Aww really? I thought you lord and savior Obama gave you so much hope though! Too bad our resources such as oil - will easily last 100 more years! Sorry for that positive news. Go back to change you can believe in, or whatever brainwashed nonsense Obama or Pickens told you to think.

[Dysbard]

T. Boone Pickens is part of the Liberal conspiracy? LOL. Your traitor coward list keeps growing. the enemy.......Scott McCllellan, Richard Clark, Major General Batiste Major General Paul Eaton 9/11 if you face the fact that the majority of those who carried out 9/11 were SAUDI'S the country that has received BILLIONS of dollars from us in Military aide and Hundreds of BIllions in Oil Revenue, some of used by the Saudi Royal Family to fund WAHABI schools of militant Islam,

[furturo]

Obama? What makes you think Obama means anything to me? Voting is a waste of time, the banks run the country. Oil will last 100 or more years, but not at 85 million barrels a day. Oil production peaks and declines, relentlessly. It has in the US, GB, Mexico, Iran, Iraq, Kuwait, and about 30 other countries, and it will happen to the world (or it did already). People like you won't know what to do and will get violent. I hope I don't like near you when the crap hits the fan.

[allosaurus72]

so what you are saying is, we have 100 more years? and then what? fuck the ones that come after us? good on you...

[MetusModus]

@furturo Only if you let it. Renewable energy has been around for so long but USA never ever listens. You want some help? Germany Cuba Sweden ALL pursue renewable religiously while USA drive aimlessly around wating fuel. UK should do the same.

[furturo]

@MetusModus There's no combination of renewables that can replace even 1/3rd of the fossil energy we use.

But that doesn't matter, we're not doing anything on a large enough scale to even approach 1/3rd.

[MetusModus]

@furturo Then you'd better get cracking because oil will run out, we all need a plan the longer you leave it the worse it gets. USA were repeatedly asked to conform to environmental summits when they were held but USA ALWAYS stamped it's impetuous childish foot like a tddler just told to go to bed early. NO country will suffer like USA because of it's dependency. UK is not that far behind either.

[UnderseaCaveman]

I have now heard two sources claiming "We peaked last Year".....so it's gonna get very interesting from here out. The Chinese did get to the Party too late!