Peak Oil Question For You
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@moonsugar1 part 3; Then we have a Debt. problem that finally makes it to the news & i believe this to be the beginning of entitelment & austerity cuts to further reduce consumption of energy! So when we are asked about when peek oil will effect us, it's allready happened and we are now in a forced decline of consumption. The next time the price of crude goes over 140 dollars a barrel, if they let it, prepare for either another economic problem, false flag or some other mishap to quell it !
endtyrany 6 months ago
@moonsugar1 part 2; today i believe there are more pressing things then peek oil even though there should'nt be. Our
economies around the world are dead right now even though some parts are still functional only because of massive funds influxed by the Fed and US gov.! Then we have the pressing issue of food & water shortages as well as many people still losing their homes. It is estimated that there are 2 to 4 million people living in homes right now that are no onger paying thir mortgages!
endtyrany 6 months ago
@moonsugar1 Decline is never as smoothe as production cause wars will errupt and economies will crash! As a matter of fact i believe the sub prime downturn to be more about lowering consumption then making money cause if you look at the price of crude at that time it was around 147 dollars a barrel and i believe that to be close to the price where an economy will start to waver with massive increases in anything where crude is a contributing factor.
endtyrany 6 months ago
@endtyrany Look at US military spending, says it all right there really. If you took China out the equation the US spends as much as the rest of the world combined! Unless their planning one hell of a party, thats a big sign of mobilisation.
Add to that drilling in ANWR and the fact that the US is already using its reserve stockpiles, I'd say we're pretty much at the top of the slide looking down now.
The real question is, will the overall decline be as smooth as the productions bell curve?
moonsugar1 6 months ago
just to make things clear I allready believe we are way past peek oil. I am almost positive production has plateaued and we are about to go into decline. This has
all been hidden from the public view and if you need proof just look at the super
powers positioning to allie or occupy those nations that possess conventional crude. Just look at the US milatary, how many countries are they in and how many
countries are they going to occupy for so called terrorist. This is just the begining!
endtyrany 8 months ago
Peek oil has alot to do with sustainability. If oil goes up in price too much to transport food, goods and other commodities that will mean the supply is not keeping up with demand. now price at the pump is one indicator of peek oil but it can also be related to greedy industry. It tends to be quite difficult to predict when supply will cause great increases in cost and no longer be viable to an economy though if i had to guess 2012 4th qtr or sooner is very possible from what i see.
endtyrany 8 months ago
@theleimers67 THANK YOU WHAT YOU ARE SAYING SUMS IT ALL UP! READ THIS POST!
235RB 11 months ago
Many of you are missing the point. We use oil to create EVERYTHING. Your car interior, your iphone, your laptop. Anything made is made from oil. Plastic, is oil. What new technology will replace that? none. We need a new way of existing, not a new way to power our current ways. We are such arrogant beings believing that we can use it all and still live like we want. Wake up, BILLIONS will perish. There is no replacement for crude oil and all we use it for. Not just gas...think about it
theleimers67 11 months ago 2
you dont need to ask when oil production will peak........ look around you now
themusmag 1 year ago
IMHO: the effects of PO are already happening; the housing bubble would have gone on for another decade if oil prices had not rearing their ugly head last few years. Isn't it kind of odd that there was a huge spike in oil and gas in the last few years, almost concurrently with the housing crisis. We blame the credit markets and the hedge fund managers ... yes correctly ... for making the assumption that Housing Prices go up and up. But in many many ways the fuel of up and up is oil itself
mutantstrain 1 year ago