Geologist speaks about Oil reserves and solutions

[chickzey]

A stunning, honest, sincere video. Thumbs up!

[MrShanusMaximus]

@misterdragonboy the innovation you speak of has already come and gone. Oil is a joke and very easily replaced by alternative fuels for cheaper, most notably hemp as hemp biodiesel was the intended fuel for automobiles.  It is simply being forced onto the people by greedy corporations and corruption in our government. They want to milk you for everything they can over a finite toxic resource, and it's far more difficult for the very wealthy to maintain monopolies over renewable resources.

[misterdragonboy]

i think this guy is onto something when he say's that with a reduced output and growing cost of the remaining oil will come innovation. I think that once oil becomes so expensive that people start to complain and take notice we will see a serious investment in alternative fuels and energy supplies such as hydrogen fuel cells, solar power and geothermal energy.

[HorseCents]

This rubbery-faced coot has obviously never hear of abiotic oil. If you drill down to 50,000 feet there's more of it than we could burn in 6,730 years. See my videos for more details on the science.

[DaPro2Ducer]

I have it i know what will fix every thing  every time i try to post it any where somthing stops me..

[moonsugar1]

Alot of you seem to struggle with the actual concept of peak oil. Its about flow rate, and production against a society based on exponetial growth. You talk about Brazil and new finds, but that wont help contribute to the amount of oil we have been using daily previously as the world itself declines.

Over half of the worlds oil producing countries have ALREADY peaked.

If you keep digging, you'll find we are at the top of the slide in 2011, looking downwards, with no solution in sight as yet.

[HorseCents]

@moonsugar1, that whole "EROEI" thing actually stands for Energy Reserves: Open, Endless & Infinite. Abiotic oil makes EROEI a non-issue.

[moonsugar1]

@HorseCents I'm actually quite honoured I got a comment from you! Saw your videos time ago and laughed my ass off! God be with you brother! lol ;)

[MrBorderghost]

overpopulation is the problem...

[otaku8489]

@MrBorderghost

So jump off a cliff

[rac1867]

You can do a search for

"Mexico crude output slide slows in 2009" to see how Mexico is in trouble as an example of what can happen.

[shrynakesavan]

i say nationalize all the oil companies.. get it out of capitalistic hands, basically get the power out of the oil barons. Divert huge funds to R&D of newer experimental technologies to make them more reliable and viable, so that we can move on from this resource as soon as possible... but this will never happen as long as its a private monopoly... coz nobody sits down & watches their business going down...

[bfgray]

I have to think it is wrong to say we have explored 'all promissing areas'--indeed Brazil has found massive fields since this was recorded.

[rac1867]

@bfgray Brazil's find is the first big one in some time. Even so, we use about 80 million barrels a day. 40 billion divided by 80 million is about 500 days of oil. Obviously, there are other sources that will contribute as well but Brazil doesn't change the big picture. Next 10 years should reveal all. Either prices will jump as peak becomes blatantly obvious or it is shown to be a hoax. The fact we are looking in deep, deep water suggests there is a problem. Won't run out, but will be expensive

[pepintheshort100]

@rac1867 Well said!

[steviewonder417]

@rac1867 there are hydrocarbons in outer friggin space! Titan and encledus both have methane and other hydrocarbons, geoligist already know that at least a portion of earth's "oil" was created along with the earth hundreds of millions of years ago! at least a portion of the oil being drilled today are from a source that is not of decaying organic matter!!!!

[rac1867]

@steviewonder417 you are absolutely correct that methane and other hydrocarbons are found on other planets. Oil, however, is not. With respect, could you site to any geologist saying this? I certainly hope you are right as that would solve things nicely.

[steviewonder417]

@rac1867 I never said there ws oil in outer space bodies read my comment I said there were hydrocarbons of different types.

[walter0bz]

option 1 - ramp up nuclear power, ASAFP

option 2 - population reduction.

[Skoda130]

@walter0bz I guess I would go for option 2 then, since even nuclear power isn't exactly endless.

[TheRadicalLiberal]

Excellent video, thanks for posting. Everyone on earth should watch this.

[carcinol]

The only reason America occupied Iraq is the oil, to ensure the safety of oil supply, and to allow the refinement for the american corporations, because before the war they were not allowed to enter the iraqi oil production.

Americans not even try to make democracy, Iraq don't have police, military, constitution - nobody help them, especially america, because it's easier to exploit them.

[karlkarlkarl1234]

People ask WHY America invaded Iraq, and is trying desperately to sell an invasion of Iran to the public with made-up stories of "WMDs".

I always say; 'what is there that they want?'.

Always I get a dead-fish confused look back.

It's like they find it hard to believe that their own government mass murdered hundreds of thousands and deceived the people just for something you put in your car.

You better believe the greed around this stuff.

I mean, they invented green cars 40 years ago..

[007gabol]

SAUDIA HAS 2000 PRODUCING WELLS...

[florgat91]

Iran just announced they discovered a field with 20 trillion barrels - there is no peak !

[karlkarlkarl1234]

Yeah I have studied the petroleum industry and there is no peak; at least for the next ~ 30years. There is though a slump in the amount of successful petroleum exploration, even with all the new technology involved, and the average yield of the finds is low.

But in 30 years we probably won't be using it at this rate -- especially with this phony Global Warming tax hoax. :)

[yarco8000]

@karlkarlkarl1234 No oil peak for at least 30 years? Please state your sources, because that sure smells like bullshit to me.

[mikontisot]

And yet 2009 discovery of Orinoco field in Venezuela is larger than Saudi!