The 'Peak Oil' Theory: Will Oil Reserves Run Dry?

John Hofmeister, president of Royal Dutch Shell's US operations, talks about peak oil and where Matt Simmons went wrong.

Category:

News & Politics

Tags:

• peak
• oil
• Matthew
• Simmons

[bearsagainstevil]

Matt simmons does take into account unconventional oil this was pure propoganda,you have a thing called energy return on energy invested with unconventional you may be putting in more energy than you get out so its just not going to work .

oil shale tar sand their all smokescreens they need lots of natural gas and water they arent going to replace oil

[1776independent]

This guy sounds like a drug pusher. The commentators are a bunch of ignoramus's.

[MrHEMPKING]

grow hemp and oyster mushrooms, then work from home, and smoke joints in leisure time, massive reductions in use of crude oil, think about it.

[claudelebel55]

Peak oil is not a theory. It's a fact.

[moonsugar1]

Shell are a bunch of fucking murderers. Look at what they did in Nigeria, and to a good man called Ken Saro-Wiwa. (Well if you cant be bothered, they hung him)

I love how he admits Peak Oil is real and yet still calls it a theory! PEAK OIL HAS NEVER BEEN, AND NEVER WILL BE A THEORY! its a fundamental rule of science and math. End of debate.

In total, if you add up all the renewable energy sources like wind, solar, tidal, as of last year it counted for 7% of the worlds power. Thats pathetic.

[yourmajezty]

this guy is full of shit

[bobbygnosis]

"The Global Trading Market is what moves that price up and down."

That market is speculaters. It's psychological. In that sense it is completely arbitrary. Even if you didn't accept that the money they use is not tied to anything. Our monetary policy is as stable as quicksand. That's what the bail-outs were all about - how inherently unstable and retarded the economic system is (including the prices of goods - OIL).

The whole thing is bullshit and he's trying to pretend otherwise.

[Estronguista]

Yeah, this comes from a guy who's an officer in an oil company!!! what else you expect him to say.

[bdist]

Even the unconventional oil is a non renewable resource. It will obviously come to a production peak. It's inherit in the phrase non renewable...

As other's have said, unconventional oil is expensive, and dirty.

[Brandonly23]

Not necessarly, because if we left oil levels where they are right now we WOULD have a virtually unlimited amount of natural gas, which is most definitely renewable. and can be converted into liquid fuel.