Richard Heinberg Defines Peak Oil
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The Saudis are pumping in the Persian Gulf now... LMAO. They are desperate to keep production leveled, well, soon they will be declining, probably at around the same time as Russia, and then we will see a true economic havoc. My thoughts on when that will happen..? Mid 2013? Impossible to say.
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Keep up the good video work looking good. When you have time come visit my channel!
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smarty, oil will not disappear ... the production will decline but this means for Saudi that there will come a time when they are the only producers of oil with very high prices , so peak oil is the best for saudi thats if the US and china don't go to war at it in saudi land
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"Yayapilo (1 year ago)"
"April 22, 2008 OIL hits $119 a barrel......guess we are going to hell soon! "
Guess what... you're in it.
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The problem is large, however it is not infinite. Don't forget or discount that it is not as if the US produces _NOTHING_. Because it does produce alot of goods and quality, and a big part of that is why the dollar has value. Check your stats.
Unfortunately the problem of PO is much bigger than that.
Cheers.
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We all have to lower our standard of living unless we have lots of money ie. energy....
MrEnergyCzar 1 year ago 26
We print dollars out of thin air.The saudies AND OTHERS take these dollars for payment for thier oil.When they wise up and demand something of real value,WE HAVE HAD IT.
zeno57 2 years ago 4