Toyota's Jim Lentz Predicts Peak Oil by 2020

[TheChristianRight09]

I suppose they have never heard of the ,Tar Sands,Bakken field,and 400 year supply of natural gas...All these things will guarantee,internal combustion for at least the next 80 years... AND SUPPLIED ALL FROM NORTH AMERICA...

[sybilcharon]

Thanks for the information you provided...like your video..please do more..thanks,

[GamerRangerX]

well the goverment in Quebec Canada is promoting Electric vehicule

[inremembranceofruth]

Goodness. 'Peak oil' is a construct?  Regardless of political or any other identification - this is as naive as could be. Please educate yourself further - not only from the most limited of approaches. And the 'issue' is not only one of Peak oil but other declining resources as well. Do you realize how vulnerable virtually all food supplies are at this point? How about the destruction to the latter via recent weather-related incidents? This CEO 'perspective' is laughable if lamentable.

[NYCSteveS]

Don't bother trying to reason with vince33x. He's a biggot and an ultra right-winger. He repeats everything he hears on websites of similar mind. Check out Dr. David Duke and you would swear you're listening to vince. He's a moron in sheep's clothing.

[NYCSteveS]

Don't bother trying to reason with vince33x. If you want to understand how he thinks, just look up Dr. David Duke. Vince is a sad case that needs to blame his shortcomings on someone else.

[MrEnergyCzar]

Wow, Toyota is very optimistic.... with peak oil, economies will not grow and toyota may not exist...

[Goonercurt]

I really enjoy the bellend

[vince33x]

Hey Krunchy! 4 the sake of accuracy u should change ur name to 'DOPEY.'

[KrunchyJD]

@vince33x OK, I think it is you who should change your name to dopey. For a start why is it that GW Bush, said and I quote "America is addicted to oil"? Why was it the project for a New American Century, who's backers where none other then Cheney, Rumsfeld, Wolfawitz, Pearle etc, produced an article in the late 1990's describing the associated problems of peak oil, and energy security for the US. Hardly a left wing conspiracy.

[vince33x]

@KrunchyJD Because 'ol 'W' was an idiot. He was responding to the zeitgeist because he didn't have the courage to confront it w/the truth. Oil & natural gas are the cheapest and cleanest sources of inexpensive energy on earth right now & the eco-fascists want us to stop using it because they r Left-Wing morons (which, of course, is an oxymoron!).

[KrunchyJD]

@vince33x I am Aware that W was an idiot. The point of what I was saying is that the members of the Bush Administration were hardly LEFT WING! What about Bush Snr, Reagan, etc. I suppose they were all LEFT WING EXTREMISTS as well were they? OR Maybe, they were all under the influence of israel were they? Oil is the cleanest source of energy in the world, WTF, have you been smoking.

[vince33x]

@KrunchyJD Listen nitwit, do u realize that since 1975, auto emissions have been reduced by almost 99%! Most ICEs are now SULEVs. Even Diesels run w/emissions cut by 97% since 1975. The eco-fascists hate capitalism and that's why they hate the use of Oil. And the eco-fascists hold sway in the Democrat Party. It's been years since they've had an AQMD alert in L.A.. By any objective measure, the USA's environment is getting better not worse!

[KrunchyJD]

@vince33x Despite the evidence for peak oil, you are one of the people that obviously want to continue business as usual, regardless of what the reality is. Why do you think America invaded Iraq? And dont say, because they had WMD, or because of 911 (nothing to do with Iraq). If America has all this oil, why spend billions trying to get it overseas..

America uses close to 20 Million barrels of oil a day, that is the problem.

[vince33x]

@KrunchyJD USA invaded Iraq, because Israel, under Ariel Sharron demanded that we "take out" Sadaam Hussein. USA foreign policy in the Middle East has been "made in Tel Aviv" since the end of WWII. We were attacked on 9/11 because of the massive military & civilian aid we give 2 Israel (one of every three foreign aid dollars goes to Israel, even though they r the 16th richest nation on earth!). Osama Bin Laden has said this in videos on numerous occasions.

[KrunchyJD]

@vince33x You now sound like a right wing nutter. No, Israel is a hub for the projection of American power. A base of control in the middle east. America has allies of strategic importance for America. America, like all superpowers projects its influence through its allies. How can you say that Israel rules American foreign policy, which is what you are implying. That is so far from reality its ludicrous. Osama Bin Laden is a terrorist idiot!

[vince33x]

@KrunchyJD How naive can u b!? The 2 most powerful lobbying organizations on Ave. K are AJC (American Jewish Committee) & AIPAC (American-Israel Political Action Committee). This is why USA foreign policy in the Middle-East is dictated by Israel.

And, when did I say Osama Bin Laden wasn't a terrorist?

[KrunchyJD]

@vince33x Another right wing conspiracy theory..

[vince33x]

@KrunchyJD R u saying u don't believe the AJC & AIPAC r the 2 most powerful lobbies in Wash DC?

[KrunchyJD]

@vince33x I am saying that it is nonsense to suggest that israel controls US foreign policy. There are lobby groups for all sorts of things and all sorts of communities, so what. All countries which have an alliance influence each others foreign policies, to some small extent New Zealand probably influences US foreign policy, but to suggest that Israel determines US foreign policy is absurd in the extreme.

[vince33x]

@KrunchyJD Ur not comprehending very well. I did not say: "that israel controls US foreign policy." I said: "USA foreign policy in the Middle East has been "made in Tel Aviv." If this is not the case, then riddle me this: Why has the USA given Isreal $1 Trillion in aid since 1948 -FAR MORE than any other nation on earth? In addition, the USA will "Loan" Israel Billions to buy American weapons and then "forgive" those loans - Why? Even today, one of every three foreign aid dollars goes to the

[vince33x]

@KrunchyJD State of Israel - and don't forget, Israel is the 16th richest nation on earth! So why?

Let me repeat, the two most powerful lobbies in Wash DC - more powerful than any union lobby or business lobby - the AJC & AIPAC. Both these lobbies are funded by American Jews, who comprise - BY FAR - the richest group of people in the USA. Jews are 2% of the USA population yet control 22% of the wealth, so they wield power far out of proportion to their numbers. This ain't rocket science!

[missionfarstar]

@vince33x you are just an anti semite...that's all

[vince33x]

@missionfarstar Since when does pointing out facts make you anti-anything. I'll keep pointing facts...you can keep name-calling...it just shows u have no argument.

[NYCSteveS]

@vince33x The point is you're a biggot with questionable facts you get from websites like Dr. David Duke. You're a simple-minded pinhead who has no life so he needs someone to blame.

[NYCSteveS]

@vince33x right from David Dukes website.

[nietzschealive]

alask oil cut by 90% the other day

[MrEnergyCzar]

PO is old news.... I can't wait to hear when people start talking about how there is plenty of oil on some other planet or something and that the economic forces will make it feasible to run our economies...

[Doubro1969]

This guy is selling the idea of Peak oil so they can get into alternative market solutions and sel them to the public before it's mandated by the crazy Leftists.

There is no indication that oil is drying up. We could barely contain a leak in the gulf of Mexico that has Billions of barrels and Billions more are in Alaska and the Mid East and Venezualla isnt even close to dry yet, so he's blowing smoke up everyone's arses.

[vince33x]

@MrColt45acp Everytime the price of a bbl goes the reserves expand. When u hear we "have only 50 yrs. of oil left" that's at today's price. Raise the price by 20% and reserves go much higher. The only way wind, solar, ethanol, and other alternatives can compete is when gov't put a huge [carbon] tax on oil & coal & heavily subsidizes wind, solar, etc. In other words they divert capital from its highest & best returns to lower returns. That's a sure way of making a nation poorer. And the poorest

[vince33x]

@MrColt45acp get hurt the most. And the phony Left says they care about the poor. The Left r what they've always been - liars.

[KrunchyJD]

@Doubro1969 Oil does not simply get produced at an increasing rate, then dissapear. What happens is a production peak occurs and then the production rate goes into an irreversable decline. This is a geological reality. Do some research! US oil production peaked in 1970. Its crazy right wing looneys that cant see reality.

[vince33x]

@KrunchyJD USA oil production has peaked because we keep electing idiots like Carter & Obama, who won't let us explore and drill. Even w/the recent gulf well blowout, the amount of oil spilled each yr since 1980 has declined by 90%, so it's much safer & environmentally sound to explore & drill today than ever b4. The problem is the Greens r really Reds & want to lower the Std of living of the folks in the West. Sadly, the people of the Western Democracies are electing people who believe the eco-

[KrunchyJD]

@vince33x I think you have been given false information somewhere along the line there. It must be economically viable to drill for oil, and the energy required to get the oil must not exceed the energy within the oil. With America's addiction to oil, and car (and particularly SUV) dependency, dont you think oil companies would get the oil. What about Ronny Reagan and Bush. I think you will find that the USA will never produce more oil then it did in 1970, no matter how many holes you drill.

[KrunchyJD]

@KrunchyJD Further, in terms of standard of living, how come it is that Copenhagen, in Denmark has a higher standard of living then the USA, yet there govt actively puts in place policies to reduce car use, and hence oil use.

If there was all this oil that was RECOVERABLE, dont you think Bush Snr, Bush Jr, and Ronny Reagan would be allowing them to get that oil, given you think its some kind of left wing conspiracy. Also do you want to wreck your country to find 10 years of recoverable oil.

[vince33x]

@KrunchyJD If oil becomes scarce then the price goes up & when the price rises more oil becomes economically recoverable. Oil reserves also increase with price rises. The oil shale and tar sands are economically viable @ about $75 to $85/bbl. Since that is the approx. cost of recovery, there's little incentive to drill - & - right now, the idiot in the white house won't allow any exploration or drilling, so that when & if we do need it, it will take much longer 4 those sources to come online.

[vince33x]

@KrunchyJD In the USA's oil shale deposits there is an estimated 1 Trillion bbls. in reserve, probably more as oil prices increase, which of course they will under the idiot Obama & his 'cap 'n tax' scheme. but a Trillion bbls in oil shale is more oil than there is in Saudi Arabia. Conclusion: WE AIN'T RUNNIN OUT OF OIL, we're runnin out of the 'political will' 2 drill 4 it!

[vince33x]

@KrunchyJD There r 100s of Billions of bbls of oil off the coasts of CA, FL, NC, SC, & VA and it's all off limits because the voters r, 4 the most parts idiots who couldn't find their collective asses w/both hands.

And this isn't even counting the oil shale in the Rockies. Some estimates put the total amount of oil there at more than 3 Trillion bbls. Granted, it's not recoverable now but we should b leasing or selling that land to exploration companies so that they can see what has the potential

[KrunchyJD]

@vince33x Assuming there is 100's of billions of barrels there, great, its a pity though that the USA consumes almost 20 000 000 barells a DAY, do the MATH!

[vince33x]

@KrunchyJD A 100B bbls is 14 yrs of USA consumption [assuming 20M bbl/day]. Obviously there are a myriad of other sources as well. The point is the gov't should not stand in the way of our oil cos. exploiting these resources. It should also not favor one form of energy over another. The market should decide which energy form or combination of forms should prevail. When markets r allowed to work, the most efficient choices r made.

The Left hates oil because the Left hates Capitalism [& the USA].

[KrunchyJD]

@vince33x As I have said before, it is not a question of running out, it is a question of flow rates. Oil does not just get produced and then all of a sudden dry up. Oil production forms a bell curve where the peak of production is calle peak oil. The first part of the oil is easier to get but after a point the oil becomes more costly to get both in money terms and in energy terms. Once it takes as much energy to extract as the energy gained then it becomes unviable to extract that oil.

[vince33x]

@KrunchyJD 2 massive oil field discoveries: one off the coast of Brazil & the other in the Gulf of Mexico. The recent find in the Gulf of Mexico may be the biggest find yet in that area. Not only that but extraction technology continues to get better, more reliable, & efficient, so that in many areas cost of extraction gets even less! I can just feel the Left going into a tizzy! Their hatred of oil cos. rivals Jews' hatred of Christians.

[christo930]

@vince33x 2 massive oil field discoveries are going to replace existing production losses? You just don't get the scale of the problem. Look at cantarell and the north sea, two giant fields that are well into depletion and have to be replaced before any production can be added. You have to run faster and faster just to stay in place. Even the IEA says the era of cheap oil is over.

[vince33x]

@christo930 Ur words: "Even the IEA says the era of cheap oil is over" I've bn hearing that phrase now 4 4 decades. It's nonsensical. In 1980, Americans spent 8% of their avg. yearly income on oil - today it's 3% - so in those terms it's "cheaper relative to avg. incomes." Also, to generate a KWH of energy, oil & coal r 95% cheaper than: Wind & Solar. The era of "cheap oil is over" Really? Compared to what?

[christo930]

@vince33x First, I am not against oil, I think we owe our lifestyle to oil. You have to remember that we are replacing super giant land based oil fields with smaller oil fields under thousands of feet of water and thousands more of rock, some multiple miles. We are replacing oil fields with 50:1 EROEI with 10:1 eroei with some as low as 3:1. Many of these new projects are only feasible with oil prices over $80-$100/bl. We are using oil at over 4x the rate we are finding new fields.

[vince33x]

@KrunchyJD BTW, this guy Lentz is both a crybaby & an idiot.

[NYCSteveS]

@vince33x I thought you denounce people who call you names? So, what do you do, call others names. You're so full of crap you have to clean your ears with toilet paper. Get a life you biggoted moron.

[vince33x]

@KrunchyJD he most recent info re: USA oil consumption is 18,600,000 bbls/day. Close enough. All that means is that we're a very wealthy nation. The Left hates this fact & it also hates capitalism because it views it as unfair [just who is supposed to determine what's fair?].

Finally, "Peak Oil" is a construct of the Left and it is nonsense. No one knows how much oil is left to find so know one knows when we will arrive @ [sic] "Peak Oil." We do know that in the last 2 yrs there have bn

[vince33x]

@KrunchyJD 4 future development. Of course the eco-fascists in the Obama Admin. & in Congress will never allow this until our moron populace wakes up & demands it by throwing out the morons they've been electing 4 the past 120 yrs.

[vince33x]

@KrunchyJD Fascists. Between the USA & Canada, in the form of tar sands & oil shale, there is FAR MORE oil in N.A. than has ever bn found in the Middle East but the people, in their infinite stupidity, keep electing morons like Jimmy Carter & Obama. These two guys couldn't find their respective asses with both hands!

[vince33x]

@KrunchyJD What do u expect when gov't prohibits exploration & drilling. Got Brains?

[vince33x]

Does Mr. Lentz care to make a wager on that assertion? The problem is governments prohibiting oil exploration and drilling! But there's plenty of oil. He ought get rid of the guys there giving him bad advice. "Peak Oil" is environmental & media MYTH MAKING!

[KrunchyJD]

@vince33x So, you believe that there is no such thing as peak oil, do you?

You probably believe that oil is not a finite substance as well. Peak oil is not some made up thing it is a geological reality. The only sane argument is about when it will occur.

[vince33x]

@KrunchyJD "Peak Oil" is a nonsense term created by the Eco-Fascists and given phony credence by the Left-Wing media and a bunch of egg-headed college profs whose predictions on when we're gonna run out of oil have been wrong every time. I've been around long enough to remember idiots like Paul Ehrlich of Stanford saying we'd run out of oil by 1980! Then it was by 2000. These guys are clueless and lucky they have tenure!

There's far more oil in the ground than has ever been taken out!

[KrunchyJD]

@vince33x No, peak oil is a geological reality. Regardless of arguments over how much recoverable oil exists oil reaches a maximum rate of extraction then the extraction rate goes into a decline because you have to pump water and natural gas into the oil wells to get the remaining oil. Oil becomes harder to get. Peak oil is an established FACT.. Otherwise, go and believe in the Easter Bunny!

The only arguments lie over WHEN peak oil will occur.

[vince33x]

@KrunchyJD U guys are clueless. There has been a massive oil strike off the coast of Brazil. In addition, another huge oil field has been discovered in the Gulf of Mexico. The idea we're near peak oil is a fabrication of Left-Wing politicians & eco-fascists in government & universities, and in the Jews Media.

[67tr876]

WE HAVE OIL TO LAST US TO 2060 !

[KrunchyJD]

@67tr876 NO probably till 2100. But that is not the point. Oil does not just run out, it goes into depletion. Peak oil does not occur when oil runs out. Peak oil occurs when roughly half the remaining recoverable oil is still there. The production of oil forms a bell curve. People burn oil, they dont store it and once it used up its gone. Peak oil refers to the time when the maximum production rate occurs, after which time the rate of production declines.

[2009swes]

bout damn time an automotive CEO acknowledges that oil is actually a finite resource.

[MrEnergyCzar]

the mainstream is coming along albeit slowly...

[toyotasludge]

It is very ironic that right now, Toyotas are burning (or losing) engine oil at a rapid rate! Exactly what is Toyota doing to correct this engine oil sludge problem? Toyota now is leading the charge in our dependence on foreign oil in term of the oil-guzzling sludge-prone vehicles. Such a real waste of energy/resources and a financial detriment to all the affected Toyota owners!

[KrunchyJD]

@toyotasludge Do you understand that gasoline/ petrol, is a product derived from oil. Suggesting that Toyota's use more oil because they leak oil is rediculous. The biggest use of oil in cars is as fuel.

[MrEddievanhalo]

The really high gas prices related to Peak Oil i believe will hit us much faster than 2020! We will experience the big energy crunch between now and more like 2013.The industrial economy is over...let's say everyone get's an electric car, Ok, so what are all the planes and ships going to run on? The entire industrial infrastructure is OIL! Btw, Mexico is getting to a point now that they can no longer export large amounts of oil to the US!

[ddsr86]

Its not that hard to recycle.

[dhymers]

This is a pretty big deal when a company like Toyota takes time to publicly acknowledge what we're heading for. Thank you Jim.

I can only hope that peak oil receives more mainstream coverage asap.

[vince33x]

@dhymers He's just trying to get plaudits from the Jew York Times & the rest of the Jews Media.

[falldownhard]

WOW. I'm amazed, an auto executive acknowledging peak oil! A bit too late I'm afraid, but it's reassuring to know that even capitalism realizes that we can't just go on guzzling up a finite resource forever. God gave us such a vast wealth and we squandered it - and no amount of ultra conservative "tea bagging" nor liberal pandering to green substitutes can put it all back. Reduce, reuse, recycle - I'm trying to practice what I preach but it's so hard.

[markthenicholson]

How are you going to make your battery powered cars without oil?

[dhymers]

@markthenicholson with difficulty admittedly, but a blanket statement doesn't help. once oil is scarce and hopefully we're completely transitioned from it as a transportation fuel (also barring lubrication, how are we going to lubricate without it ? synthetics and silicones ?) but yes, production of plastics, mining of minerals and transportation from factories is going to become very hard, but its not like it can't be done, especially if we start finding solutions now.

[SuperFishfan]

We need a graduated gass tax. Everyone get a basic amount, enough for basic needs, at a relatively low rate. Each additional say twenty gallons is taxed at an ever higher rate. You want to drive 150 miles to the cottatage and back every weekend? Fine. You're going to pay for it. Big time.

[KrunchyJD]

@SuperFishfan Not a bad idea. However, I tend to believe the people that should be taxed are the people that drive short trips that could be done by walking or cycling, and those that needlessly drive a car. It will also help reduce obesity.

[CandianBear]

gas is abundant in the US?? Why has the prices gone through the roof -there is clear evidence that Natrual GAs is in DECLINE in North America- YES it is still abundant in the world- but it is hard to transport and this makes it a more regional source of energy- it costs a lot of money to build the infrastructure to turn natural gas to liquid and back again- and a lot of energy- besides Canada is using most of its gas for tar sands! IT'S ALL ABOUT THE RATE OF FLOW! It's dangerous to spin this...

[bionicbrainbutt]

I feel his prediction is horribly amiss, we must also take into account Chindia, they purchased over 20 million cars in the middle of a global financial crisis FFS. The world is heading straight on to a global energy crisis, not to mention the fact that we are opnly talking vehicles, what about the other 95% of everyday products we use that contain crude oil?

Society as we know it, is doomed to fail, to many people, to much greed.

[yogiudo]

In 10 or 12 years there isn't going to be an economy left. Conventional oil peaked in may 2005.

[johnTconover]

Peak oil in 10 or 15 years is irrelevant . To much emphasis is placed on the actual timing which MISSES THE POINT COMPLETELY. As soon as global demand out paces supply we have in effect hit the peak and it can be argued that demand and supply curves diverged permanently in 2006. Oil supply may increase beyond 90mb/d but who really cares if demand is eg. 97mb/d??? Time to face the hard facts and forget "peak" oil. In the real world, supply vs. demand is all that matters in relation to price...

[an691]

first of all the US should increase their gas tax, and not by a little bit, keeping this third world level gas tax is really ludicrous (but then again the US is already, or soon will be a thirld world shit hole)

[FearISaWMD]

Cheers for the straight talking ceo!

[KasparHauser4]

Keep in mind he is prediciting 10 or 12 years time left to PEAK oil. Do not misunderstand and think he is sayine we are going to run out of oil in 10 or 12 years.

[DonQuixotedeKaw]

What bullshit, we passed peak oil, on light sweet crude a few years ago. It takes a lot more energy to crack the tougher junk being pumped out and mined now, like the Canadian tar sands. They've adjusted definitions to where they want "reality" to be. And they'll do it again.

[bilpayne]

higher the oil price is the beater off i am as long as government don't take it over

[mynameisbobtoo]

It's interesting Toyota has a theory about oil but cant figure out why their cars have been taking off at high rates of speed and killing the occupants for no good reason....

[KagarBeardtooth]

This is only a problem if we make oil our only energy source. The market is already responding with electric and bio-fuel vehicles. Peak Oil is nothing to worry about.

[magog1138]

What about everything else? Or how about we still need to use oil for the energy to run the machines that are building alt. fuels? Hybrids, Electrics? They still need to be plugged in and that electricity comes from fossil fuels that turn the turbine engines. A lot of the world we have created including the population boom is directly linked to our use of petrol.

I dread to think what that means when it starts to dwindle. O.o

[KagarBeardtooth]

I am definitely not looking forward to the day when we don't have any fossil fuels, but I don't think it's going to be some apocalyptic crisis like some think it will be.

Our fossil fuel infrastructure can EASILY be replaced with nuclear power, and there are numerous natural lubricants that can take the place of oil when the need arises.

Our human ingenuity has carried us through some pretty tough spots, and I have no doubt that we'll be fine in the future.

[restlys]

@KagarBeardtooth what level of fine we are going to achieve is dependent on the actions we take now....

[KrunchyJD]

@KagarBeardtooth In places in Europe the people are using good old fashioned bicycles to transport themselves around the city. They design cities with people rather then cars in mind. Do people really think it will hurt many Americans, Australians, Canadians etc to ride a bicycle more often? Why is an obvious form of transport so often overlooked?

[bilpayne]

there is an over supply of natural gas for now enough to last a 100 years one worries about is some in congress that understand nothing trying to stop hydraulic fracking  in shell that is being horizontal drilled we are at peek oil

[ls1z28chris]

@KagarBeardtooth

While the market is responding, saying that "peak oil is nothing to worry about" is just plain stupid. The worry is that we wait until after we hit the peak in order to implement these new technologies in earnest. There is also a worry of government interference in the market process keeping real investment and innovation on a grand scale from happening, or even worse committing funds to a bad alternative as with corn ethanol.

There is a lot to worry about.

[TheAncientMind]

This shit is so trivial, i honestly can't believe oil is still a discussion, did we not learn anything from the EV-1?

End oil once and for all!

[hithlum]

This is how slow the free-market takes to come up with new technologies.

[zoticus1]

The free market does not exist

[freesk8]

You are right. A totally free market would exist in a peaceful anarchy, if such could be arranged.

But it exists as an ideal, and it is the opposite end of the spectrum that the pure socialist desires: total government control of everything, which is also unattainable.

The question is, from the point on the spectrum where we now find ourselves, would we be better off moving more in the direction of the free market or state control?

The answer is obvious. We have too much government right now.

[Hopeful71]

"The answer is obvious. We have too much government right now."

Obvious it is not. An easily demanded but meaningless & undefined platitude? Yes.

[freesk8]

And the only thing slower is government bureaucracies.

[Leobons]

Renault-Nissan - electric cars X Toyota - natural gas

hmmm... no brainer. RN up!

[ForaTv]

Apologies to our subscribers - the original title and description for this video were incorrect. They've since been fixed. "Cash for Clunkers" video will post next week.

[eirefrance]

Youtube's Eirefrance predicts attempts to fund research into new energy sources will be decried as socialist, thereby hamstringing future generations for the sake of blind ideology.

[totaldreck]

Unfortunately that's probably right.

This is why everyone getting mad at the climate change issue is an idiot; even if climate change WASN'T real (which going by scientific consensus it is). Continuing as we have been WILL NOT WORK. Oil will not last us much longer, nor will coal, and whining about economic ruin is laughable given how shitty our economy will be if we DON'T change.  Never mind that our economy is already in shambles BECAUSE of the free market...