i suggest people fight the income tax and property tax (and requirements of licenses and permits to drive, carry guns, marriage and open businesses, etc.)...think about it, as if i need to tell you to.. you cant work for a living or own property without the government threatening you with imprisonment and violence, if you dont hand over a portion of the products of your labors...what do you call that besides slavery? i just cant believe how stupid people are
@dickmartn Do you honestly think he is wrong now? With rising oil and other commodity prices, European countries on the verge of collapse and having to be bailed out, US unemployment at record levels?
"800 billion barrels of recoverable oil—as much as the U.S. would use in 110 years, at current usage"
Or less than 50 years, if you consider the rate in which usage is increasing. Do not apply current trends to future scenarios, it makes your oil supply predictions look weak. That's what people to do exaggerate the abundance of oil we have left to use.
Although they prefer not to publicize it too loudly just yet, Shell Oil Company and the U.S. government have taken steps toward tapping into the worlds largest known oil shale deposits using an innovative in-ground heating method.
The Green River Formation of Colorado, Utah and Wyoming holds the equivalent of 800 billion barrels of recoverable oil—as much as the U.S. would use in 110 years, at current usage
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"Until you change the way money works, you change nothing."
Money is a generally accepted medium of exchange. Why would you change this?
"Money represents the ability to do work."
No it doesn't. Money is a MoE.
"Our economic paradigm is based upon infinite growth."
No it isn't. There's no central planner setting the growth rate. Individuals decide how much they want to grow. And the price system regulates individual growth.
Ruppert is an ecognorant clown. Go learn some real economics.
peak oil.lololo what about peak water or gold or peak silver. what about peak currency? oh they can just print more. fools beg for higher prices and youll keep getting them . i need them to get some winter oil .lololol
Its called Freedom of Speech Its the end of the Police State Its also Revelations Its legalized Pot also Checkout AlGoreForever blogspot com Get ready to Party world-wide GoreFisherPeaceMakers gmail com Send me things that you think deserve to be on the blogspot. Tell everyone world-wide I am the man who really does put George Bush and Dick Cheney in Prison for crimes against humanity. Check out ASAP!!! ALGOREFOREVER(.)BLOGSPOT(.)COM
Its funny how everyone blames bush, but if you pay attention, obama is doing the same thing. We have so many brainwashed people like the idiots clapping at the mention of GM bankruptcy, that nobody sees this. We continue to bailout companies and decrease the value of the dollar. Since its obama doing it, its ok though.
49 Oil & Gas units have been destroyed completely in the sea storm at Gulf of Mexico causing a daily loss of 13000 barrels of oil & 84 million cusecs of natural gas. But regarding the supply & demand in USA this number doesnt even co-op with 0.1% of the daily consumption they say that the residential consumers will not be affected. But being a very critical issue as concerns the economy sooner or later it will certainly have an impact on devaluation of US $ leading to a collapse in economy.
I dont care about all these theories - I just want to see 29 all over again. I want to see ppl who think thier hot stuff loose it all. I PRAY for an economic collapse. I am ready for it, bring it on! Bring on 1929!
Oil is a finite substance, and like any other finite substance, it has a limit. Of course Peak oil is fact. The question is when this shall be reached.
The true issue is supply keeping up with demand. This is what is causing much of the alarm around the globe. China and India are just getting started in oil consumption. The outlook for oil production as compared to oil demand is alarming.
You're right oil is finite that is why as soon as the demand decreased a tiny bit crude price dropped 80%. I guess when something is limited you make it really cheap so people use it faster. And since you're so concern about oil peak production, you're using bicycle, right? You tell your family and friends to use less oil, right? I wish people would shut up when they don't shit.
Next your going to tell me the earth doesn't have mass, that the oceans are infinite, the sky is magical and unicorns are real. We have known for several decades that oil would run out within the century. We have 30-40 years left I believe. Do you even know what peak oil means?
If I tell you the earth doesn't have mass you'll believe it because you're are parrot you don't have any brain to think for yourself. Everything is peaking as population grows but the question is when is it going to peak? I think you should just stop its upseting to me to see people are so easily manipulated. That is why have bubble in everything, house bubble, commodity bubble, oil bubble, dotcom bubble, and another oil bubble. Just stop it already.,
LOL, the housing bubble is there for a specific reason. It's because of thinking like yours and corruption. It's because of relaxed lending practices. I have a relative who works in banking. As far as oil we have better instruments then we did in decades past and oil is running out. We knew it would eventually and it's happening.
I imagine demand has droped greatly. The predictions are that after a short bit, oil prices are going to go even higher then a few months ago. I imagine that within a decade or two we will see gas prices of over $10 a gallon here in the US.
You need to recognize that the whole planet is plunging towards a recession. This means people are using less fuel. Many can't afford the same as just a few years ago. The oil prices going that high are quite simply terrifying. It won't happen overnight, but the effect is going to rock the planet.
You need to know that Carter sang that song over 3 decades ago and M. King Hubbert created that histeria over a half of century ago and oil went up and down to almost nothing. Like anything else oil will go to 300/barrel 50 years from now but with your crying oil peak it may go up that high in the next few months. I suggest you come up with a solution, if not , you should just shut up.
And 100's of loonies swear the world is going to end every day, but that doesn't mean they won't eventually be correct. You have provided 0 proof and 0 evidence. Saying we are at peak oil isn't going to do a darn thing. What drives the price up is lack of production, greedy politicians, and dirty oil tycoons. Blame Bush. It's partially his administrations fault.
You're a parrot you just repeat what ever people say. If we have only inventory then oil is not only peaking but it is already gone and the price of oil should have been 300/barrel already. You kept asking for evidents but the evidents are infront of you. Oil is as cheap today as it was 30 years ago, Carter said we would have oil crisis 30 years ago and now nothing happens. What evidents do you have that oil is peaking? Did you go into the fields and measure the oil yourself? Just stop it.
No. An inventory of the oil companies oil supply doesn't mean it's already gone. It means they have equipment to gage how much oil reserves they own. Using modern technology to come to the estimated figures. They also use tecniques as to looking at how many new oil fields we are finding to come to these conclusions. Believing the oil supply is infinite will not resolve this issue. It will turn it into a disaster. We have known for years how much oil we had, just some people panic at nothi
I almost accepted your explanation about oil reserve and new oil fields. If they know exactly how much oil is left in the earth then the geologists can actually extrapulate how long our oil supply will last. At this point nobody knows when oil is going to peak. Beleive me, if they know oil companies would've looked for alter. energy already. I don't like oil and I think people should use less of it but I'm tired of hearing about oil peak theory, it is fake.
Ya, well this info is how they have come to the whole peak oil crisis. It isn't 100% accurate, but close enough. It is real. I know at least one major oil company is branching into other alternative fuels. But, the difference is such things can be produced by anyone where oil is harder to get into. You have to actually own oil fields which are mostly owned already. Also 30-40 years is a long time for a company that can jack up prices. And wait till the last 10 years and do fine.
They have no real incentive to branch into other fuels yet. If anything scarcity will for a time make them more money. So oil scarcity will totally be in their best interests for a time. So why would they want to mess that up? It is peaking... They also look at data for new oil fields found and they find fewer and fewer of decent size these days. The price didn't jump up for no reason. It is pretty well a fact that we have only 30-40 years more oil at current consumption.
It was almost 60 years ago since we first sang oil peak song and we still have 40 years of supply to go. I like to call this a premature or an artificial energy crisis. Only oil speculators like "oil peak" because they will alot of money from it.
We don't have a problem to begin with, why do we need a solution. Oil is not peaking and the world is not warmer. The proof is in the pudding, oil price is less then a cup of water.
"The world is not warmer" What does that have to do with anything I said? Tipping your hand on another issue? Its not clever to take a position on a specific topic and apply it laterally like opinion paint.
Oil has dropped but we STILL can't pump more light sweet crude. Price has 0 to do with it. The last rhino may cost 0.1$ but that does not mean there will be more. Monetary economics have nothing to do with this.
So in short its OK to base an expanding future on a contracting resource?
If we can't pump anymore than the price should go up because we're still using oil. As for Rhinos, they won't be gone or peaked anytime soon unless people use them to fuel their cars. Your analogy is a little off. Rear commodity (thing that people want) doesn't become cheaper but more expensive.
peak oil.lol winter oil.lol fools and there ability to fall for anything. i can compare apples to oranges 2. we have 100,s of years of oil in our country alone.lol he who controls the arguement wins the debate when fools listen that is
I am guessing you are an American because you used "our country" with absolute certainty that everyone who would read this is in that country you need not name it.
Its this stupid America can always provide/win attitude that makes 15% of Americans think they could win an interstellar war with aliens. It also makes you think you can produce 20m barrels a day and grow it for 100yrs. News for you:
sell that b.s to the dumb and blind peak oil is a joke lets say it has peak so what? we dont need oil no more so what big oil is getting into solar wind everything and they will control it to. either your a fool or an idiot u choose. peak oil.lol i got a bridge i wanna sell u
"So what if it has a peak?" oil and natural gas are irreplaceable feedstock for nearly all drugs, plastics. Their are 300m Chinese with driving licenses waiting to become the "new Americans" It would decades at max manufacturing rate to produce enough solar/wind generators to match what oil is using today.
Saying: 'your dumb' ''its b.s' to advance an argument helps no one it wastes yours and the readers time. Why is it 'b.s'? why is it 'dumb?' supply EVIDENCE this is NOT a religious debate.
If declining oil supply combined with skyrocketing demand is going to be such a big problem, I presume you are spending all your money to hoard oil?
I mean, if you're forecasting enormous price increases, you could make a TON of profits by buying now when its cheap and selling later when its expensive.
Lol if only I had the money. Though this is not like any other commodity oil energy is so important that when this happens and we are totally unprepared it will be accompanied by inflation of the dollar and other such things that make it not so much the obvious 'bet'. So rather than a money making opportunity I see it as a need to put my money into solid assets. Though if you have the money and can navigate the market to make money of this go ahead its probably a good idea.
fyi, oil has a shelf life like anything else. you won't be able to hoard gasoline for more than a few months before it starts to breakdown. and your post above is far off too. money represents value that you in turn use as a method of exchange. to me it seems you are close but not on the ball. just keep digging deeper until you get to the root, then you know your at the source.
If you're are so concern about oil peak then stop buying shit that is made directly or indirectly from oil. Lets start by not using your computer, send use smoke signal to send your comments to me.
Your arguments are all flawed. The oil resources we have today are "all" inventoried and accounted for maybe not 100% perfectly. Maybe we will discover a bit more, but over all today we know what we have. That information is used to determine the make amount that can be pumped legally. This hard limit is what is meant by peak oil as rules and regulations limit legal production. The solution isn't to dump my computer, the solution is to find alternatives and conserve.
This video is a 2 edged sword. On the one hand, it tells the truth about our economic system. On the other hand, it supports people who believe we are overpopulated, and people who believe in nature worship (people who put nature's needs over humanity's).
We can live in harmony with nature, we do not need to lose 80% of humanity to do so.
At the same time, peak oil is not a problem...when the price goes up, consumption will go down. Done.
I think some people here are giving the government and Big Oil way too much credit for the oil price problems. Mother nature is waving her arms now- "Hello! I'm still a major force of the oil supply, being that I CREATE the oil supply in the first place!"
It still creates oil, just no where near the rate to keep up with human consumption. We can replenish those underground reserves again...in a few dozen million years.
I think GOD is a metaphore for nature, environment, and the universe. People think that if we destroy the environment, that god meant it to be that way. But that is half-true. Humans are just animals that are not very much in touch with nature - when humans destroy the environment, we'll blame god because humans were created in nature.
evulmeh - if only i was in the position to do so my frend - oh i sooo wuld. Sadly we hav morons as our leaders who care not abt our future environemntal probs. all they care abt is abt big business and profits.
Our society is like the movie "Cube" we simply do our day to day tasks without questioning, only looking 2 feet in front of our faces instead of looking down the road to ask "WHAT ARE WE DOING!"
Start increasing the cost of any products that are sent into the OPEC nations. I would start by doubling or even tripling the price of food or any water products that are destined for any oil producing nations. Two can play at this game.
This is a deliberate attempt by these fanatical Arab muslim nations to create disruption in the world. OPEC is doing for the Arabs what Hitler did for the Germans.
This will not be forgotten when you run out of oil.
Dear BoomerNavy70: There is no solution for finite supplies in a steady growth. Prices are not going to work. Also your political attempt won't work. If there is no oil the game for it is over. We must be thankful for the rising oil prices in the 70s. Otherwise the collaps would have already happened in the 1990s. But the collapse is inevitable anyway. No matter what you do. As long the economical god (growth) is not dropped off his throne, collapse is immanent within the next 5 to 10 years.
That solves nothing, nevermind that food prices are directly linked to oil prices anyway. OPEC charges the price that people will agree to pay, same as any American corporation. They'd be fools not to.
Peak Oil explains the behavior of the Bush regime and the US empire -- why they stole the 2000 election, allowed (and assisted) 9/11, enacted the Patriot Act, created Homeland Security and invaded the Middle East oil fields.
Partly. The explanation that makes the most sense is there was convergence of powerful interests and agendas that would benefit from war in the middle east. The military-industrial complex, Israel, and the neocons, all benefited greatly from these wars. Peak oil was also very important.
HERE HERE! If only we can now start to encourage and generate more people to stand up for human rights and not try to have them killed off , just because they are trying to uncover the truth. read "Crossing the Rubicon"- m.ruppert.
GET INFORMED PEOPLE! MAKE YOUR OWN CHOICES BY GETTING EDUCATED.
The drive to infinite growth is only due to the time value of money that comes about as a result of interest in the financial system. Abolish usury/interest and cap what people already owe and we will have to build real trade based economies.
"1. Production is down significantly in most of the largest oilfields"
"Not true. Oil production is projected to climb until 2010 even under peak oil theory."
I did not say overall production was down I said most of the largest fields, ie north sea, cantrell, etc. were experiencing lower production, sometimes significantly less production. Production has been flat and a lot of that is because aging oilfields produce more natural gas as they are depleted, but this source will run out soon.
"2. If we are awash in oil why has the price risen so much."
"Demand exceeds production. They are not expanding productive capacity in US because of regulations."
The US is not the only country in the oil business, most of these other countries are not having a problem finding oil because of regulations. With the price of oil at $120/barrel you would think that production would have increased but monthly production has not equaled the May 2005 level even once.
"3. Oil discovery has been very low now for over a decade."
"Not true. MSNBC: "Oil companies see big Gulf of Mexico discovery: Tests suggest huge oil field found in deep waters""
One story about one field does not mean anything. Reliable data by the oil industry itself shows that oil discovery in the 80's and 90's was less than half that of the 60's and 70's and has recently gone down even more. This is a widely known FACT.
Capitalism is an evil and destructive force when it is given direction by unscrupulous business men and there friends in politics - the rich and powerful are the enemy of the people but the people are too ignorant and apathetic to stop them. The people have the power but they have neither the will nor the sense to change the status quo.
"Peak oil is a Myth. The only reason prices rise is inflation."
Inflation ( an increase in the money supply ) is a factor in the high price of oil, however peak oil is a separate issue. By the way supply and demand can also affect prices.
Mathew Simmons is perhaps the worlds leading expert on oil reserves, and oil production trends and has made a persuasive case for peak oil. Most of the worlds largest oil fields are in decline and discovery rates have been very low for a decade now.
The problem is the Federal reserve, the oil issue can be worked out once honest money exists. As they (banks) control what industry succeeds and what fails. Instead of the people who own real money.
IN CANADA here near TORONTO there are tons of gas stations with problems, (NOT HUGE BRANDED NAMES SUCH AS petro canada, shell, esso,) but there are alot of gas stations with signs that say "NO GAS" so I beg to differ, PEAK OIL IS NOT MYTH, they;ve been predicting it since the late 60's
I live in Toronto to buddy I do not see that. However, I will stipulate that oil can and will run out, but I will not agree with you until we see 70 style gas lines at the pumps.
The real problem is central banking Canada has it America has the worst form of it. There for if people can not have money that is not manipulated and controlled by government and banks we can not get away from oil. Oil is governments and banks largest bread and butter.
Yah i agree its not a HUGE issue yet but .. its all coming, inflation goes up cuz of our groth, which is becuase of cheap sweet crude oil .. im not an expert but if the experts are worried, i think we should be too
I agree. Read Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil by Jerome Corsi and Craig Smith. Peak oil is a lie that serves oil cartels to limit supply.
This may be true. Peak Oil may just be a ploy by the oil barrens. But nevertheless, we are still feeling the affects as if Peak Oil was really happening. What difference does it make if Peak Oil has not naturally occurred? If oil producers are tightening the supply, then the affects are all the same. Energy = Growth. Without it, capitalism as we know it will falter.
Read Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil by Jerome Corsi. However, I don't know that it is necessarily some conspiracy to limit production. In the United States, environmentalists and trial lawyers impede every effort to build new refineries and oil wells off the coast. Clinton signed a bill prohibiting exploration in southeast from MS to FL. Yet the Gulf of Mexico is awash in black gold. Look up "Gulf of Mexico" and "oil find." In 2006, they found a lot of oil
Why are you so afraid of Fed printing money. It is natural process. The problem is that they have to do it based on the financial results closely related to macro-economical data, not on nothing :) Otherwise- Bankruptcy
why 3 negative reviews pricks, if any one deservs negative reviews is that little twat thats keep saying Ron Paul!!! 2012 is the estimated year for the production of oil to descrease at higher levels, causing problems such as blackouts. It has nothing to do with the mayan calender, altough, come to think of it, its kind of a scary coincidence
Americans listen if we are to even have a chance to overturn this you must vote for RON PAUL 2008, he is the ONLY person with morals running who will fight this! Get on board it's not to late
Define justice, what is this justice? I just can't understand people who believe in extreme ideologies, even when put in praxis and fail to meet the expectations. The world is dianamic, chaotic, difrent problems and difrent times need difrent solutions, not narrow minded pricks like von Hayek, even Robbins admited that his neo-clasical approach was inappropiate at the time (great depression) Death to all idealism!!!
I believe I am about to OWN you, listen man, if you're gonna pose as a libertarian or an intelectual, first you have to know the difrence of morality and ethics, as I said before, libertarians don't have a moral code. Taken from wiki: "The non-aggression principle is a deontological ethical stance associated with the rights-theorist..."
lol, i love this guy who said, Saddam Hussein was the one who purpose selling oil using Euro and thats why, the US gov has to go and kick his butt out. Oh..i like this guy, at least he has brain and tells the truth. Not like other american that believe Iraq has WMD, what a stupid excuses, i feel USA is a threat rather than Iraq.
The american now blame their huge deficit on China, that is a bad political move, if China cannot take the pressure, they sell all the US bond they hold, currently China hold around 400 billion+ US bond, when this happen, a global sell off of US bond will occur, the interest rate for US gov to issue new bond will be at a higher rate, just imgine what will happen
I like Mike Ruppert's style. He's done his homework. He has been down with a serious illness for some time now. I wish him the best and want him to know we want him back - we need people like this in Washington DC. Of the 2008 presidential candidates, only Ron Paul has shown the willingness to expose and deal with the financial scam that is being forced on the American people.
I don't like Mike Rupperts style. He's too emotional. Just state the facts in a calm manner. Also he says a lot of things that may or may not be true when it comes to politics and economics.
Im a Petroleum Engineer and I can tell you peak oil is a scam. We have plently of oil to last the next 150 years. The problem is that right now its no economical to produce. When the price rises more we will start to explore options such as the tar sands in Canada. Which holds as much if not more oil then the middle east. Its a simple matter of economics
The problem with the tar sands and other very expensive to extract hydro carbons is that the ratio of energy return on energy invested is around 2, so you have to put a huge amount of energy in. What will you use to do this? Hydrocarbons that are running out? Nuclear energy that is politically not going to happen? It's also terrible for the environment.
From what I hear it will take at least a decade to ramp up production in the tar sands and even then it will only produce about 5 million barrels a day, by which time the drop in conventional hydrocarbon production will be much greater than 5 million barrels a day.
Although he's familiar with the outlines of the economic problems today, he has a poor understanding of economics. Very few people have a good handle on all the economic issues today IMHO. People that do are much less arrogant and realize that nobody knows how exactly how and when things will play out.
Curious...for you to say "Very few people have a good handle on all the economic issues today" MUST mean that YOU do. So where did he go wrong, which or what statements were incorrect? When exactly does he describe "how exactly and when things will play out".
He says the the dollar will collapse. Not maybe, it will. That's far from certain, other countries are inflating their currencies like crazy too, and a lot of countries would be hurt if the US dollar collapsed. Also it's very possible central banks have secret agreements to keep all currencies at the same level.
He says "I'm convinced the US economy will start to go or go completely by the 3rd or 4rth quarter this year." That was in 2006.
I would be very careful about the dollar, the present trend is alarming for quite a few, from my observations the dollar has declined pretty well across the board.
having 20/20 hindsight after his 3rd/4th quarter prediction is fairly week, you need to make a claim that his prediction will be untrue BEFORE the event then you can claim superior knowledge.
Not true. As I said I don't think anyone can accurately predict exactly how things will unfold. However, when someone makes predictions it is perfectly alright to judge someone after the fact, in fact that is the only way to find out if they were right! Once again, for anyone making predictions, looking to see if their predictions came to true is perhaps the best way to see if you can trust their future predictions and their judgement.
After watching this video again, I take back my statement that he has a poor understanding of economics. But he did show his ignorance when he predicted a collapse of the US economy for the 3rd or 4rth quarter of last year. Nobody really knows how things are going to play out, there's too many factors at play and the establishment or an event can change everything very quickly. Also, I doubt Iraq switching over to euros had anything to do with them being attacked.
The one thing that very few do know is that we are really in an economic recession, and our economy is currently free falling. My advice. Either leave the US or convert all your investments, and savings from USD to a more stable currency.
An excellent website that addresses the issue of how well the US economy is really doing is Shadow Government Statistics
shadowstats. com
Essentially it shows that all the major economic yardsticks, inflation, unemployment, GDP, etc. are made to look much better than they are for political reasons.
Great connection to PO - unfortunately too few people realize this issue and even fewer know how to PREPARE. To learn how to prepare, search the video "real story of money"
Look at the video from Lindsey Williams and read his book the Non-Energy Crisis and you will know Peak Oil is a scam. The USA has as much oil at Gull Island in Alaska as in Saudi Arabia. We can't touch that oil because we have a deal with Saudi Arabia. Saudi Arabia will dump our national debt and our dollar will get crushed.
The oil in there is not as good quality nor as accessible as the stuff in Saudi Arabia. Not all oil is made the same. Thus, even if there is as much oil by the barrel, it's not the same by the dollar to extract, nor by the same net energy return.
The U.S.will profit from the rising value of Iraq's oil as oil starts running out.(re:the 60+Iraqi oil fields now in control of the U.S. until 2035 earning the U.S. est$300Billion).
The World might soon be in a crisis, where no alternative energies have been developed and remaining oil supplies are undiscovered, and because it costs too much to initially start more oil-drilling expeditions. 90% of most known oil deposits are depleted, and remaining oil is pumped physically out of the ground.
Infortunately the USA spend £600,000,000,000 (67% of GDP)(600billion) per year simply paying the interest on the 9,000,000,000,000,000...9 Trillion deficeit.
Iraq is a BAD investment its cost over 4,000,000,000,000,000 4 trillion so far. Thats 4 years, thats 8 years of oil revenue at the rate you quote..The "war" is FAR from over too. Iraq oil wont help the USA's problem.
Bush isn't trying to fix USA's energy needs-he's an
oil baron who realized oil is scarce.Price of oil will shoot up in a few years,-the 60+ Iraqi oil fields in USA's possession until the year 2035 will earn hundreds of Billions for the U.S. oil companies. Bush is no answer or solution to any American national issue- he's a liability, a fraud, a phoney, a scumbag to the last drop of oil...(and he's on a religious
'high', believing he is David slaying Goliath or something crazy like that)
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i suggest people fight the income tax and property tax (and requirements of licenses and permits to drive, carry guns, marriage and open businesses, etc.)...think about it, as if i need to tell you to.. you cant work for a living or own property without the government threatening you with imprisonment and violence, if you dont hand over a portion of the products of your labors...what do you call that besides slavery? i just cant believe how stupid people are
longfootbuddy 1 year ago
I love this old shit with predictions...He was completely wrong!!! Flippin' moron!
dickmartn 1 year ago
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@dickmartn yeah LOL
peakoildebunked. blogspot. com/2009/09/423-mike-ruppert-prophet. html
peakoildebunked. blogspot. com/2005/09/115-mike-ruppert-peak-oil-stooge. html
obamabush13 8 months ago
@dickmartn Do you honestly think he is wrong now? With rising oil and other commodity prices, European countries on the verge of collapse and having to be bailed out, US unemployment at record levels?
LuqmanNaq 7 months ago
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BREAKING NEWS: CNBC AND FOXBUSINESS ANCHORS ARRESTED FOR ILLEGALLY ACCESSING PRIVATE EMAILS AND PHONE CALLS.
THIS IS GOING TO HAPPEN SOON THIS IS NOT A JOKE TELL EVERYONE YOU KNOW.
111WLee 1 year ago
He's learned to have a fullfilling life while living simply.... the best way to prepare for peak oil..
MrEnergyCzar 1 year ago 20
USA is largest supporter of terrorism on this EARTH ...
Destroy USA and no more terrorists ...
Terrorists received more money and support Media and Money support from USA than from any other nation on this earth ..
By Terrorists I mean muslim fundamentalists ...
aviomaster 1 year ago
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"800 billion barrels of recoverable oil—as much as the U.S. would use in 110 years, at current usage"
Or less than 50 years, if you consider the rate in which usage is increasing. Do not apply current trends to future scenarios, it makes your oil supply predictions look weak. That's what people to do exaggerate the abundance of oil we have left to use.
ccricers 1 year ago
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ccricers 1 year ago
Mike movie collapse is incredible...he's right most of the time...
MrEnergyCzar 1 year ago
if the date of this video is accurate 9 septembre 2006 Mr Ruppert is right is verry accurate in his prediction..
Nosheepfull 2 years ago
Oil price will continue to fluctuate like this forever, no one can predict anything its just a game of manipulation.
moniequa 2 years ago
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There is no oil crisis please use it liberally.
moniequa 2 years ago
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Russian Premier Vladimir Putin says research shows that Russia has enough oil and gas for itself and for Europe for the next 100 years.
secretkgbuy 2 years ago
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And the US has enough oil for itself for the next 400 years.
moniequa 2 years ago
Where did you get that number from?
bananiel 2 years ago
Although they prefer not to publicize it too loudly just yet, Shell Oil Company and the U.S. government have taken steps toward tapping into the worlds largest known oil shale deposits using an innovative in-ground heating method.
The Green River Formation of Colorado, Utah and Wyoming holds the equivalent of 800 billion barrels of recoverable oil—as much as the U.S. would use in 110 years, at current usage
moniequa 2 years ago
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reedy93 2 years ago
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"Until you change the way money works, you change nothing."
Money is a generally accepted medium of exchange. Why would you change this?
"Money represents the ability to do work."
No it doesn't. Money is a MoE.
"Our economic paradigm is based upon infinite growth."
No it isn't. There's no central planner setting the growth rate. Individuals decide how much they want to grow. And the price system regulates individual growth.
Ruppert is an ecognorant clown. Go learn some real economics.
kulza23 2 years ago
peak oil.lololo what about peak water or gold or peak silver. what about peak currency? oh they can just print more. fools beg for higher prices and youll keep getting them . i need them to get some winter oil .lololol
REAL88E 2 years ago
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GodLovesJeffFisher 2 years ago
Its funny how everyone blames bush, but if you pay attention, obama is doing the same thing. We have so many brainwashed people like the idiots clapping at the mention of GM bankruptcy, that nobody sees this. We continue to bailout companies and decrease the value of the dollar. Since its obama doing it, its ok though.
Unfold1 2 years ago
599B hole, it's done
LLCoolPass 2 years ago
everything is manipulated.
moniequa 3 years ago
There won't be any oil crisis. Oil is 40 a barrel. So I don't believe they say anymore.
moniequa 3 years ago
great post. 5 stars
(from denial stops here i guess...?)
trycoun 3 years ago
stop surporting Coke and mcdonalds etc PLEASE refuse their products..... those giant greedy bastards.... just stop buying it!
DC180 3 years ago
i like coke
matchbox555 3 years ago
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49 Oil & Gas units have been destroyed completely in the sea storm at Gulf of Mexico causing a daily loss of 13000 barrels of oil & 84 million cusecs of natural gas. But regarding the supply & demand in USA this number doesnt even co-op with 0.1% of the daily consumption they say that the residential consumers will not be affected. But being a very critical issue as concerns the economy sooner or later it will certainly have an impact on devaluation of US $ leading to a collapse in economy.
yahoovisitor 3 years ago
This monday is the day of the big crash, three days from now
photopro2008 3 years ago
federal reserve created the depression look up
"bernanke sorry we did it" on google
dollarbear1 3 years ago
I dont care about all these theories - I just want to see 29 all over again. I want to see ppl who think thier hot stuff loose it all. I PRAY for an economic collapse. I am ready for it, bring it on! Bring on 1929!
photopro2008 3 years ago
it looks sarcastic the way you write this, but:
the sad thing is - people won't wake up before it'll have gotten that bad. and even then.
1929 didn't get the majority thinking.
imagine that.
trycoun 3 years ago
Oil is a finite substance, and like any other finite substance, it has a limit. Of course Peak oil is fact. The question is when this shall be reached.
The true issue is supply keeping up with demand. This is what is causing much of the alarm around the globe. China and India are just getting started in oil consumption. The outlook for oil production as compared to oil demand is alarming.
That is the issue.
Noahgoy 3 years ago 3
There is no such thing as finite oil.
moniequa 3 years ago
No such thing as finite oil? Are you mad? Delusional?
Skorianps 3 years ago
You're right oil is finite that is why as soon as the demand decreased a tiny bit crude price dropped 80%. I guess when something is limited you make it really cheap so people use it faster. And since you're so concern about oil peak production, you're using bicycle, right? You tell your family and friends to use less oil, right? I wish people would shut up when they don't shit.
moniequa 3 years ago
You are delusional.
Skorianps 3 years ago
you are ignorant
moniequa 3 years ago
Shit is peaking
moniequa 3 years ago
Next your going to tell me the earth doesn't have mass, that the oceans are infinite, the sky is magical and unicorns are real. We have known for several decades that oil would run out within the century. We have 30-40 years left I believe. Do you even know what peak oil means?
Skorianps 3 years ago
If I tell you the earth doesn't have mass you'll believe it because you're are parrot you don't have any brain to think for yourself. Everything is peaking as population grows but the question is when is it going to peak? I think you should just stop its upseting to me to see people are so easily manipulated. That is why have bubble in everything, house bubble, commodity bubble, oil bubble, dotcom bubble, and another oil bubble. Just stop it already.,
moniequa 3 years ago
LOL, the housing bubble is there for a specific reason. It's because of thinking like yours and corruption. It's because of relaxed lending practices. I have a relative who works in banking. As far as oil we have better instruments then we did in decades past and oil is running out. We knew it would eventually and it's happening.
Skorianps 3 years ago
I imagine demand has droped greatly. The predictions are that after a short bit, oil prices are going to go even higher then a few months ago. I imagine that within a decade or two we will see gas prices of over $10 a gallon here in the US.
Skorianps 3 years ago
You need to recognize that the whole planet is plunging towards a recession. This means people are using less fuel. Many can't afford the same as just a few years ago. The oil prices going that high are quite simply terrifying. It won't happen overnight, but the effect is going to rock the planet.
Skorianps 3 years ago
You need to know that Carter sang that song over 3 decades ago and M. King Hubbert created that histeria over a half of century ago and oil went up and down to almost nothing. Like anything else oil will go to 300/barrel 50 years from now but with your crying oil peak it may go up that high in the next few months. I suggest you come up with a solution, if not , you should just shut up.
moniequa 3 years ago
And 100's of loonies swear the world is going to end every day, but that doesn't mean they won't eventually be correct. You have provided 0 proof and 0 evidence. Saying we are at peak oil isn't going to do a darn thing. What drives the price up is lack of production, greedy politicians, and dirty oil tycoons. Blame Bush. It's partially his administrations fault.
Skorianps 3 years ago
You're a parrot you just repeat what ever people say. If we have only inventory then oil is not only peaking but it is already gone and the price of oil should have been 300/barrel already. You kept asking for evidents but the evidents are infront of you. Oil is as cheap today as it was 30 years ago, Carter said we would have oil crisis 30 years ago and now nothing happens. What evidents do you have that oil is peaking? Did you go into the fields and measure the oil yourself? Just stop it.
moniequa 3 years ago
No. An inventory of the oil companies oil supply doesn't mean it's already gone. It means they have equipment to gage how much oil reserves they own. Using modern technology to come to the estimated figures. They also use tecniques as to looking at how many new oil fields we are finding to come to these conclusions. Believing the oil supply is infinite will not resolve this issue. It will turn it into a disaster. We have known for years how much oil we had, just some people panic at nothi
Skorianps 3 years ago
I almost accepted your explanation about oil reserve and new oil fields. If they know exactly how much oil is left in the earth then the geologists can actually extrapulate how long our oil supply will last. At this point nobody knows when oil is going to peak. Beleive me, if they know oil companies would've looked for alter. energy already. I don't like oil and I think people should use less of it but I'm tired of hearing about oil peak theory, it is fake.
moniequa 3 years ago
Ya, well this info is how they have come to the whole peak oil crisis. It isn't 100% accurate, but close enough. It is real. I know at least one major oil company is branching into other alternative fuels. But, the difference is such things can be produced by anyone where oil is harder to get into. You have to actually own oil fields which are mostly owned already. Also 30-40 years is a long time for a company that can jack up prices. And wait till the last 10 years and do fine.
Skorianps 3 years ago
They have no real incentive to branch into other fuels yet. If anything scarcity will for a time make them more money. So oil scarcity will totally be in their best interests for a time. So why would they want to mess that up? It is peaking... They also look at data for new oil fields found and they find fewer and fewer of decent size these days. The price didn't jump up for no reason. It is pretty well a fact that we have only 30-40 years more oil at current consumption.
Skorianps 3 years ago
No one has to like it. It's just life
Skorianps 3 years ago
It was almost 60 years ago since we first sang oil peak song and we still have 40 years of supply to go. I like to call this a premature or an artificial energy crisis. Only oil speculators like "oil peak" because they will alot of money from it.
moniequa 3 years ago
Well at least you're admit that you're a loony who doesn't know anything.
moniequa 3 years ago
So if you don't have a solution 'shut up' i.e don't acknowledge the problem. Not very sensible.
In 50's we will not be talking about when there is a peak. We will say the peak happened may 2005
CmdrTobs 2 years ago
We don't have a problem to begin with, why do we need a solution. Oil is not peaking and the world is not warmer. The proof is in the pudding, oil price is less then a cup of water.
moniequa 2 years ago
"The world is not warmer" What does that have to do with anything I said? Tipping your hand on another issue? Its not clever to take a position on a specific topic and apply it laterally like opinion paint.
Oil has dropped but we STILL can't pump more light sweet crude. Price has 0 to do with it. The last rhino may cost 0.1$ but that does not mean there will be more. Monetary economics have nothing to do with this.
So in short its OK to base an expanding future on a contracting resource?
CmdrTobs 2 years ago
If we can't pump anymore than the price should go up because we're still using oil. As for Rhinos, they won't be gone or peaked anytime soon unless people use them to fuel their cars. Your analogy is a little off. Rear commodity (thing that people want) doesn't become cheaper but more expensive.
moniequa 2 years ago
Dont worry, you can always spot the people in denial!
KrunchyJD 1 year ago
Since oil is peaking and we don't know when why don't we speed up the process by using more oil.
moniequa 2 years ago
peak oil.lol winter oil.lol fools and there ability to fall for anything. i can compare apples to oranges 2. we have 100,s of years of oil in our country alone.lol he who controls the arguement wins the debate when fools listen that is
REAL88E 2 years ago
I am guessing you are an American because you used "our country" with absolute certainty that everyone who would read this is in that country you need not name it.
Its this stupid America can always provide/win attitude that makes 15% of Americans think they could win an interstellar war with aliens. It also makes you think you can produce 20m barrels a day and grow it for 100yrs. News for you:
US peaked 1970-71 at 10m barrels a day.
US produce 8.5m now.
Explain this?
CmdrTobs 2 years ago
sell that b.s to the dumb and blind peak oil is a joke lets say it has peak so what? we dont need oil no more so what big oil is getting into solar wind everything and they will control it to. either your a fool or an idiot u choose. peak oil.lol i got a bridge i wanna sell u
REAL88E 2 years ago
"So what if it has a peak?" oil and natural gas are irreplaceable feedstock for nearly all drugs, plastics. Their are 300m Chinese with driving licenses waiting to become the "new Americans" It would decades at max manufacturing rate to produce enough solar/wind generators to match what oil is using today.
Saying: 'your dumb' ''its b.s' to advance an argument helps no one it wastes yours and the readers time. Why is it 'b.s'? why is it 'dumb?' supply EVIDENCE this is NOT a religious debate.
CmdrTobs 2 years ago
After your strange incoherent posts on my profile that seem like mumblings of a madman I have to say you are INSANE.
CmdrTobs 2 years ago
If declining oil supply combined with skyrocketing demand is going to be such a big problem, I presume you are spending all your money to hoard oil?
I mean, if you're forecasting enormous price increases, you could make a TON of profits by buying now when its cheap and selling later when its expensive.
Put your money where your mouth is...
kulza23 2 years ago
Lol if only I had the money. Though this is not like any other commodity oil energy is so important that when this happens and we are totally unprepared it will be accompanied by inflation of the dollar and other such things that make it not so much the obvious 'bet'. So rather than a money making opportunity I see it as a need to put my money into solid assets. Though if you have the money and can navigate the market to make money of this go ahead its probably a good idea.
CmdrTobs 2 years ago
fyi, oil has a shelf life like anything else. you won't be able to hoard gasoline for more than a few months before it starts to breakdown. and your post above is far off too. money represents value that you in turn use as a method of exchange. to me it seems you are close but not on the ball. just keep digging deeper until you get to the root, then you know your at the source.
utubeisdi 2 years ago
If you're are so concern about oil peak then stop buying shit that is made directly or indirectly from oil. Lets start by not using your computer, send use smoke signal to send your comments to me.
moniequa 3 years ago
Your arguments are all flawed. The oil resources we have today are "all" inventoried and accounted for maybe not 100% perfectly. Maybe we will discover a bit more, but over all today we know what we have. That information is used to determine the make amount that can be pumped legally. This hard limit is what is meant by peak oil as rules and regulations limit legal production. The solution isn't to dump my computer, the solution is to find alternatives and conserve.
Skorianps 3 years ago
bunch of crap
orsonfreud 3 years ago
This video is a 2 edged sword. On the one hand, it tells the truth about our economic system. On the other hand, it supports people who believe we are overpopulated, and people who believe in nature worship (people who put nature's needs over humanity's).
We can live in harmony with nature, we do not need to lose 80% of humanity to do so.
At the same time, peak oil is not a problem...when the price goes up, consumption will go down. Done.
ybworld 3 years ago
Oil went down to $136 a few days ago and people were jacking off over it. Guess what, its up to over $145 today.
mycatisromeo 3 years ago
U MUST READ THIS. THIS SHOWS HOW THIS CRISES HAS HIT OUR FAMILY.
this crisis is bad. my mom wont buy me or my sister any more monsters and red bulls. nooooooooooooooooooooooooooooooooooooooooooooo.
instead we have gatorade! BETTER THAN POWERADE.
amskater4fun 3 years ago
I think some people here are giving the government and Big Oil way too much credit for the oil price problems. Mother nature is waving her arms now- "Hello! I'm still a major force of the oil supply, being that I CREATE the oil supply in the first place!"
ccricers 3 years ago
You meant to say "CreatED", correct? Since Earth no longer CREATES oil. That is the crux.
rarelibra 3 years ago
It still creates oil, just no where near the rate to keep up with human consumption. We can replenish those underground reserves again...in a few dozen million years.
ccricers 3 years ago
It's all fun and games now, but whait till GOD puts us all in our place! Then it won't be so funny.
elocby 3 years ago
Why would this god-thing want to do that? Is this god-child of yours a sadist?
God is the perpetuated story of iron-age power-mongers. As for oil, us western countries are in big trouble. Especially America.
Y2Krashman 3 years ago
I think GOD is a metaphore for nature, environment, and the universe. People think that if we destroy the environment, that god meant it to be that way. But that is half-true. Humans are just animals that are not very much in touch with nature - when humans destroy the environment, we'll blame god because humans were created in nature.
mycatisromeo 3 years ago
Brilliant insight.
Y2Krashman 3 years ago
oil crisis my ASS. they just slow/stop the supply for their sick little games.
We could have had free energy since 1901 and these criminals we call governemnt know it.
Badwolf182 3 years ago
If we could, then why don't we have it...? If you know it exists than why not bring it out into the public? That's the real question :P
Evulmeh 3 years ago
evulmeh - if only i was in the position to do so my frend - oh i sooo wuld. Sadly we hav morons as our leaders who care not abt our future environemntal probs. all they care abt is abt big business and profits.
Badwolf182 3 years ago
Our society is like the movie "Cube" we simply do our day to day tasks without questioning, only looking 2 feet in front of our faces instead of looking down the road to ask "WHAT ARE WE DOING!"
mycatisromeo 3 years ago
Please, look at You Tube to "The Air Car" It is an revolution. Made in France. A little bit of energy for thousend miles.
Sleepwel 3 years ago
By the way: The EURO has also a 500 EUR Note.
WolYou 3 years ago
Here is what you need to do.
Start increasing the cost of any products that are sent into the OPEC nations. I would start by doubling or even tripling the price of food or any water products that are destined for any oil producing nations. Two can play at this game.
This is a deliberate attempt by these fanatical Arab muslim nations to create disruption in the world. OPEC is doing for the Arabs what Hitler did for the Germans.
This will not be forgotten when you run out of oil.
BoomerNavy70 3 years ago
If they run out of oil the world runs out of oil and its game over
danbuck333 3 years ago
Dear BoomerNavy70: There is no solution for finite supplies in a steady growth. Prices are not going to work. Also your political attempt won't work. If there is no oil the game for it is over. We must be thankful for the rising oil prices in the 70s. Otherwise the collaps would have already happened in the 1990s. But the collapse is inevitable anyway. No matter what you do. As long the economical god (growth) is not dropped off his throne, collapse is immanent within the next 5 to 10 years.
WolYou 3 years ago
That solves nothing, nevermind that food prices are directly linked to oil prices anyway. OPEC charges the price that people will agree to pay, same as any American corporation. They'd be fools not to.
glhs386 3 years ago
Peak Oil explains the behavior of the Bush regime and the US empire -- why they stole the 2000 election, allowed (and assisted) 9/11, enacted the Patriot Act, created Homeland Security and invaded the Middle East oil fields.
eddietru 3 years ago
Partly. The explanation that makes the most sense is there was convergence of powerful interests and agendas that would benefit from war in the middle east. The military-industrial complex, Israel, and the neocons, all benefited greatly from these wars. Peak oil was also very important.
jackson32 3 years ago
my thoughts exactly. IF you read Rupperts book, the peices fit together pretty well
LocoPendejo 3 years ago
Ruppert is so ahead of his time and was intelligent enough to see the upcoming crisis. One day he should win the Nobel Prize.
underdriverz 3 years ago 6
HERE HERE! If only we can now start to encourage and generate more people to stand up for human rights and not try to have them killed off , just because they are trying to uncover the truth. read "Crossing the Rubicon"- m.ruppert.
GET INFORMED PEOPLE! MAKE YOUR OWN CHOICES BY GETTING EDUCATED.
MuseExtraordinaire 3 years ago
The drive to infinite growth is only due to the time value of money that comes about as a result of interest in the financial system. Abolish usury/interest and cap what people already owe and we will have to build real trade based economies.
MrDamando 3 years ago
3rd or 4th quarter of this year? He said that back in 2006. Didn't happen. Congrats.
PizzaguylolXD 3 years ago
myth? lol. Oil production is not increasing. while demand for oil is increasing. The US was the biggest producer of oil until the 70s when we peaked
xxconanxx2000 3 years ago
Peak oil theory is bunk. Read Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil by Jerome Corsi and Craig Smith.
loveliberty1776 3 years ago
People who don't believe in Peak Oil need to answer in a convincing way the points that Matthew Simmons has brought up. They are:
1. Production is down significantly in most of the largest oilfields
2. If we are awash in oil why has the price risen so much.
3. Oil discovery has been very low now for over a decade.
4. The oil industry has looked just about everywhere and has better technology today but has not found a large oil field in 20 years.
jackson32 3 years ago
"1. Production is down significantly in most of the largest oilfields"
Not true. Oil production is projected to climb until 2010 even under peak oil theory.
"2. If we are awash in oil why has the price risen so much."
Demand exceeds production. They are not expanding productive capacity in US because of regulations.
"3. Oil discovery has been very low now for over a decade."
Not true. MSNBC: "Oil companies see big Gulf of Mexico discovery: Tests suggest huge oil field found in deep waters"
loveliberty1776 3 years ago
"1. Production is down significantly in most of the largest oilfields"
"Not true. Oil production is projected to climb until 2010 even under peak oil theory."
I did not say overall production was down I said most of the largest fields, ie north sea, cantrell, etc. were experiencing lower production, sometimes significantly less production. Production has been flat and a lot of that is because aging oilfields produce more natural gas as they are depleted, but this source will run out soon.
jackson32 3 years ago
"2. If we are awash in oil why has the price risen so much."
"Demand exceeds production. They are not expanding productive capacity in US because of regulations."
The US is not the only country in the oil business, most of these other countries are not having a problem finding oil because of regulations. With the price of oil at $120/barrel you would think that production would have increased but monthly production has not equaled the May 2005 level even once.
jackson32 3 years ago
"3. Oil discovery has been very low now for over a decade."
"Not true. MSNBC: "Oil companies see big Gulf of Mexico discovery: Tests suggest huge oil field found in deep waters""
One story about one field does not mean anything. Reliable data by the oil industry itself shows that oil discovery in the 80's and 90's was less than half that of the 60's and 70's and has recently gone down even more. This is a widely known FACT.
peakoil. net /uhdsg /weo2004 /GiantOilField. jpg
jackson32 3 years ago
Capitalism is an evil and destructive force when it is given direction by unscrupulous business men and there friends in politics - the rich and powerful are the enemy of the people but the people are too ignorant and apathetic to stop them. The people have the power but they have neither the will nor the sense to change the status quo.
sickuntodeath2 3 years ago
Peak oil is a Myth. The only reason prices rise is inflation.
Proof : can you buy gas?, Is there any shortages?
How much money is in the system?
And what is the value of the US currency doing going up or down?
Google.
Money as Dept
Monopoly Men
Fractional Reserve Banking
Learn.
davincij15 3 years ago
"Peak oil is a Myth. The only reason prices rise is inflation."
Inflation ( an increase in the money supply ) is a factor in the high price of oil, however peak oil is a separate issue. By the way supply and demand can also affect prices.
Mathew Simmons is perhaps the worlds leading expert on oil reserves, and oil production trends and has made a persuasive case for peak oil. Most of the worlds largest oil fields are in decline and discovery rates have been very low for a decade now.
jackson32 3 years ago
The problem is the Federal reserve, the oil issue can be worked out once honest money exists. As they (banks) control what industry succeeds and what fails. Instead of the people who own real money.
davincij15 3 years ago
IN CANADA here near TORONTO there are tons of gas stations with problems, (NOT HUGE BRANDED NAMES SUCH AS petro canada, shell, esso,) but there are alot of gas stations with signs that say "NO GAS" so I beg to differ, PEAK OIL IS NOT MYTH, they;ve been predicting it since the late 60's
ore0fllamp 3 years ago
I live in Toronto to buddy I do not see that. However, I will stipulate that oil can and will run out, but I will not agree with you until we see 70 style gas lines at the pumps.
The real problem is central banking Canada has it America has the worst form of it. There for if people can not have money that is not manipulated and controlled by government and banks we can not get away from oil. Oil is governments and banks largest bread and butter.
davincij15 3 years ago
Yah i agree its not a HUGE issue yet but .. its all coming, inflation goes up cuz of our groth, which is becuase of cheap sweet crude oil .. im not an expert but if the experts are worried, i think we should be too
ore0fllamp 3 years ago
I agree. Read Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil by Jerome Corsi and Craig Smith. Peak oil is a lie that serves oil cartels to limit supply.
loveliberty1776 3 years ago
This may be true. Peak Oil may just be a ploy by the oil barrens. But nevertheless, we are still feeling the affects as if Peak Oil was really happening. What difference does it make if Peak Oil has not naturally occurred? If oil producers are tightening the supply, then the affects are all the same. Energy = Growth. Without it, capitalism as we know it will falter.
NyTeCRaWLeRx 3 years ago
Read Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil by Jerome Corsi. However, I don't know that it is necessarily some conspiracy to limit production. In the United States, environmentalists and trial lawyers impede every effort to build new refineries and oil wells off the coast. Clinton signed a bill prohibiting exploration in southeast from MS to FL. Yet the Gulf of Mexico is awash in black gold. Look up "Gulf of Mexico" and "oil find." In 2006, they found a lot of oil
loveliberty1776 3 years ago
@NyTeCRaWLeRx And gas is still 3 bucks agallon.
drummerforreal1 1 year ago
Comment removed
NASANAZIRACE 1 year ago
@NASANAZIRACE JOo cockriding whore..
drummerforreal1 1 year ago
Why are you so afraid of Fed printing money. It is natural process. The problem is that they have to do it based on the financial results closely related to macro-economical data, not on nothing :) Otherwise- Bankruptcy
vinkata 4 years ago
I laugh at those who still think they are well-off because they owe even their underware. I pitty them.
And there are many like those in the Unites States of America.
bushisacoxucker 4 years ago
Linda C. Wraich:
I hope you find this video, idiot, so you stop being such an arrogant witch.
Wake up to reality, stupid.
bushisacoxucker 4 years ago
I'm an agronomist.Here in Brazil, each brent of ethanol costs just US$40.
daltonagre 4 years ago
Ethanol is subsidized in Brazil. It would never make it on the free market, which tells you that it is not an efficient use of resources.
It is the cause of a lot of clearcutting of rain forests. It is not environmentally friendly or sustainable.
jackson32 4 years ago
You know nothing about ethanol or Brazil.
daltonagre 4 years ago
daltonagre
Just saying something does not make it true.
Fact: ethanol in Brazil is subsidized
Fact: they are clear cutting rain forest to make ethanol
Fact: rain forest soil cannot handle this kind of agriculture for long and therefore it is not sustainable
Fact: Selfish, ignorant people like you are the reason Brazil is so poor
jackson32 4 years ago
2012
figocooldude 4 years ago
figo; Did you comment 2012 because that is the year of big trouble according to the Myan calender?
zeno57 4 years ago
why 3 negative reviews pricks, if any one deservs negative reviews is that little twat thats keep saying Ron Paul!!! 2012 is the estimated year for the production of oil to descrease at higher levels, causing problems such as blackouts. It has nothing to do with the mayan calender, altough, come to think of it, its kind of a scary coincidence
figocooldude 4 years ago
Ron Paul 2008!!!
Anclerson 4 years ago 9
this is exactly why I am more terrorified of Neoconism than Terrorism
shuu7777 4 years ago
Americans listen if we are to even have a chance to overturn this you must vote for RON PAUL 2008, he is the ONLY person with morals running who will fight this! Get on board it's not to late
jpd129 4 years ago
acutally he doesn't hold any morality, he is a libertarian, fuck morality
figocooldude 4 years ago
Please actually read something on libertarianism before you make such an assinine comment.
murphycline 4 years ago
I have read stuff about it, they don't have a moral code, they may have ethical rules, but not morality or at least a true libertarian doesn't
figocooldude 4 years ago
What distinguishes moral code from ethical rules? We just don't believe that the use of state coercion to promote the betterment of people is just.
murphycline 4 years ago
"We just don't believe that the use of state coercion to promote the betterment of people is just."
And they don't even help people the vast majority time, often quite the opposite.
jackson32 4 years ago
Define justice, what is this justice? I just can't understand people who believe in extreme ideologies, even when put in praxis and fail to meet the expectations. The world is dianamic, chaotic, difrent problems and difrent times need difrent solutions, not narrow minded pricks like von Hayek, even Robbins admited that his neo-clasical approach was inappropiate at the time (great depression) Death to all idealism!!!
figocooldude 4 years ago
figocooldude got OWNED
socialfailure 4 years ago
I believe the debate goes on you pseudochomsky cunt
figocooldude 4 years ago
Libertarians don't hold any morality?
Try looking into the non-agression axiom. By the way, you did get owned. Better bring your A-game if you're going to debate a libertarian.
mayr12 4 years ago
I believe I am about to OWN you, listen man, if you're gonna pose as a libertarian or an intelectual, first you have to know the difrence of morality and ethics, as I said before, libertarians don't have a moral code. Taken from wiki: "The non-aggression principle is a deontological ethical stance associated with the rights-theorist..."
figocooldude 4 years ago
It's good to see that there are people who are way ahead of me regarding this whole thing.
oscarian 4 years ago
lol, i love this guy who said, Saddam Hussein was the one who purpose selling oil using Euro and thats why, the US gov has to go and kick his butt out. Oh..i like this guy, at least he has brain and tells the truth. Not like other american that believe Iraq has WMD, what a stupid excuses, i feel USA is a threat rather than Iraq.
kggoh 4 years ago
The american now blame their huge deficit on China, that is a bad political move, if China cannot take the pressure, they sell all the US bond they hold, currently China hold around 400 billion+ US bond, when this happen, a global sell off of US bond will occur, the interest rate for US gov to issue new bond will be at a higher rate, just imgine what will happen
kggoh 4 years ago
I've discovered in my small city that it is easier to buy drugs than bullion locally.
wakyma 4 years ago
I like Mike Ruppert's style. He's done his homework. He has been down with a serious illness for some time now. I wish him the best and want him to know we want him back - we need people like this in Washington DC. Of the 2008 presidential candidates, only Ron Paul has shown the willingness to expose and deal with the financial scam that is being forced on the American people.
srm2k 4 years ago
I don't like Mike Rupperts style. He's too emotional. Just state the facts in a calm manner. Also he says a lot of things that may or may not be true when it comes to politics and economics.
jackson32 4 years ago
Im a Petroleum Engineer and I can tell you peak oil is a scam. We have plently of oil to last the next 150 years. The problem is that right now its no economical to produce. When the price rises more we will start to explore options such as the tar sands in Canada. Which holds as much if not more oil then the middle east. Its a simple matter of economics
clownshoezez 4 years ago
The problem with the tar sands and other very expensive to extract hydro carbons is that the ratio of energy return on energy invested is around 2, so you have to put a huge amount of energy in. What will you use to do this? Hydrocarbons that are running out? Nuclear energy that is politically not going to happen? It's also terrible for the environment.
jackson32 4 years ago
From what I hear it will take at least a decade to ramp up production in the tar sands and even then it will only produce about 5 million barrels a day, by which time the drop in conventional hydrocarbon production will be much greater than 5 million barrels a day.
jackson32 4 years ago
Although he's familiar with the outlines of the economic problems today, he has a poor understanding of economics. Very few people have a good handle on all the economic issues today IMHO. People that do are much less arrogant and realize that nobody knows how exactly how and when things will play out.
jackson32 4 years ago
Curious...for you to say "Very few people have a good handle on all the economic issues today" MUST mean that YOU do. So where did he go wrong, which or what statements were incorrect? When exactly does he describe "how exactly and when things will play out".
peterl707 4 years ago
peterl707
He says the the dollar will collapse. Not maybe, it will. That's far from certain, other countries are inflating their currencies like crazy too, and a lot of countries would be hurt if the US dollar collapsed. Also it's very possible central banks have secret agreements to keep all currencies at the same level.
He says "I'm convinced the US economy will start to go or go completely by the 3rd or 4rth quarter this year." That was in 2006.
jackson32 4 years ago
Jackson
I would be very careful about the dollar, the present trend is alarming for quite a few, from my observations the dollar has declined pretty well across the board.
having 20/20 hindsight after his 3rd/4th quarter prediction is fairly week, you need to make a claim that his prediction will be untrue BEFORE the event then you can claim superior knowledge.
peterl707 4 years ago
peterl707
Not true. As I said I don't think anyone can accurately predict exactly how things will unfold. However, when someone makes predictions it is perfectly alright to judge someone after the fact, in fact that is the only way to find out if they were right! Once again, for anyone making predictions, looking to see if their predictions came to true is perhaps the best way to see if you can trust their future predictions and their judgement.
jackson32 4 years ago
After watching this video again, I take back my statement that he has a poor understanding of economics. But he did show his ignorance when he predicted a collapse of the US economy for the 3rd or 4rth quarter of last year. Nobody really knows how things are going to play out, there's too many factors at play and the establishment or an event can change everything very quickly. Also, I doubt Iraq switching over to euros had anything to do with them being attacked.
jackson32 4 years ago
The one thing that very few do know is that we are really in an economic recession, and our economy is currently free falling. My advice. Either leave the US or convert all your investments, and savings from USD to a more stable currency.
lordblazer 4 years ago
An excellent website that addresses the issue of how well the US economy is really doing is Shadow Government Statistics
shadowstats. com
Essentially it shows that all the major economic yardsticks, inflation, unemployment, GDP, etc. are made to look much better than they are for political reasons.
jackson32 4 years ago
just buy as many put options on the dollar and the NYSE as you can!! Buy a lot of calls on the euro and on gold!!:P:P
bramcorleone 4 years ago 3
Great connection to PO - unfortunately too few people realize this issue and even fewer know how to PREPARE. To learn how to prepare, search the video "real story of money"
lorax2013 4 years ago
Look at the video from Lindsey Williams and read his book the Non-Energy Crisis and you will know Peak Oil is a scam. The USA has as much oil at Gull Island in Alaska as in Saudi Arabia. We can't touch that oil because we have a deal with Saudi Arabia. Saudi Arabia will dump our national debt and our dollar will get crushed.
Knighttrader 4 years ago
The oil in there is not as good quality nor as accessible as the stuff in Saudi Arabia. Not all oil is made the same. Thus, even if there is as much oil by the barrel, it's not the same by the dollar to extract, nor by the same net energy return.
ccricers 4 years ago
Thanks for posting this, its really informative!
thatbiologygirl 4 years ago
Does anyone know what the audience member said at the 08:15 mark?
slipperyspirit 4 years ago
slipperyspirit- He said "and European joint dealers will no longer accept the dollar"
cagwell 4 years ago
we can use the dollar to smoke blunts!
mjimih 4 years ago
"European drug dealers will no longer accept the dollar"
flipfloppa34 4 years ago
scary but true, it weighs less.
mjimih 4 years ago
6 minute 12 seconds into the film what that sticking out his pants
RENNAG 4 years ago
The U.S.will profit from the rising value of Iraq's oil as oil starts running out.(re:the 60+Iraqi oil fields now in control of the U.S. until 2035 earning the U.S. est$300Billion).
The World might soon be in a crisis, where no alternative energies have been developed and remaining oil supplies are undiscovered, and because it costs too much to initially start more oil-drilling expeditions. 90% of most known oil deposits are depleted, and remaining oil is pumped physically out of the ground.
russellwyllie 5 years ago
Infortunately the USA spend £600,000,000,000 (67% of GDP)(600billion) per year simply paying the interest on the 9,000,000,000,000,000...9 Trillion deficeit.
Iraq is a BAD investment its cost over 4,000,000,000,000,000 4 trillion so far. Thats 4 years, thats 8 years of oil revenue at the rate you quote..The "war" is FAR from over too. Iraq oil wont help the USA's problem.
davesideways 4 years ago
Bush isn't trying to fix USA's energy needs-he's an
oil baron who realized oil is scarce.Price of oil will shoot up in a few years,-the 60+ Iraqi oil fields in USA's possession until the year 2035 will earn hundreds of Billions for the U.S. oil companies. Bush is no answer or solution to any American national issue- he's a liability, a fraud, a phoney, a scumbag to the last drop of oil...(and he's on a religious
'high', believing he is David slaying Goliath or something crazy like that)
russellwyllie 4 years ago
russlewyllie;"oil fields in USA's possession until the year 2035 will earn hundreds of Billions for the U.S. oil companies."
THIS MUST BE WHY CHENEY'S NATIONAL ENERGY POLICY MEETINGS WERE AND STILL ARE SECRET. I hope someone gets tarred 'n feathered over this travesty.
mjimih 4 years ago
US GDP is 10 trillion dollars a year, 600 billion pounds is 67% of UK GDP not US GDP.