Peak Oil: Gas Prices, Supply Depletion & Energy Crisis SHORT

We are entering the Peak Oil era. The growth of oil production is slowing, driving up oil and gasoline gas prices, firing inflation, driving unemployment, straining our global economy, and threatening to collapse our entire system. We are reaching Peak Oil and we are unprepared. Teacher Aaron Wissner, in a compact 10 minutes video summary, details Peak Oil, the evidence, the impacts, and the solutions. See the full one-hour video at LocalFuture.org. Also, at YouTube, see the conclusion, of that presentation, part 5 of 5, which highlights the impacts, underlying problem, and solutions to Peak Oil.

Category:

News & Politics

Tags:

• peak
• oil
• peakoil
• depletion
• supply
• energy
• crisis
• inflation
• gas
• gasoline
• prices
• economy
• unemployment
• global
• warming
• fuel

[TurnKeyOil]

Interesting peak oil points. Very bullish for oil next year, might never see double digit oil again IMO!

[newculture]

@TurnKeyOil I would not be surprised if it stays below $100 for a while; although, eventually, it may be priced much, much higher in real terms... the question is, what does that look like in nominal terms?

[donpaolo1980]

but this is kinda strange, since more and more money goes to the arab countries, then shouldnt those countries be developing at a super high rate, creating more jobs, and thus opening the doors for imigrants....but still the arabs and other middle eastern people come to Europe and other western countries. Why is that?

[newculture]

That's a great question.

Dubai did have a huge construction boom. They had lots and lots of very skilled workers from other countries coming in to do the construction. I know they employed some more local workers, but a lot of it was fairly skilled.

Once the oil price collapsed, most of these foreign workers left for home, going so far as to abandon their cars at the airport. The projects stopped, many apparently at a standstill.

[omar3rab]

thanks man

i have a competition and this has helped me understand and get the information i need

and i think that the oil peak era will happen soon, right? answer quickly please and thanks :)

[newculture]

Technically, the peak oil era began in the 70's, because that is when the barrels of oil consumed, per person on Earth, began to slow its growth, and begin to decline.

Ignoring population, peak oil for regular oil that comes up the pipe on its own was probably in the 2005-2007 range.

For the amount of oil available on the export market (important for oil importers like the USA), that peaked prior to 2005.

Even including most everything, the peak was either 2007-2008, or quite soon.

[baehsas]

Thus in the face of peak oil and its multiple consequences, which are bound to impact upon almost all aspects of our human standards of life, it seems imperative to get prepared to face all the inevitable shockwaves resulting from that. Preparation should be carried out on individual, familial, societal and national levels as soon as possible. Every preparative step taken today will prove far cheaper than any step taken tomorrow.

[joshuaki3]

Great Presentation. My only criticism is that the problem is being understated. Not only is our food supply dependent on oil and other finite sources of energy, but also our entire infrastructure. From the drywall in our homes to the concrete and steel in our roads, and buildings. Growing locally and the other suggestions don't come close to sustainable living. Without technological solution to energy scarcity all of modern life must be forfeited, including modern medicine.

[PeakPetro]

The bottom line in our perspective is to find ways to capitalize in the sharp increases we expect in oil prices.

[konachai1]

I was reading (from more than one source) that Canada is the biggest supplier of oil to the US not the middle east, is this wrong or right.

[EllleJayy]

hey, im doing a presentation in my economics class and i wanted to include your video. i was wondering if it was possible for me to somehow download it, or if you could maybe send it to me?

[OMGEnterprise]

The first trillion barrels of oil that has been consumed has been primarily of the 'cheap easy' variety.

The next trillion barrels is not so cheap and easy. Current estimates place the cost at between US$80 and US$150 per barrel to exploit.

There could be an answer to the problem as far as the physical requirements of an increasing world population is concerned - while reducing the environmental impact at the same time

The bigger problem however is this. Could mankind handle it responsibly?