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

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?

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?

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.

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.

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 :)

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.

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?

the energy density of oil is FAR GREATER than any of the other sources you mentioned...so no matter how you slice it, the future will be SHORT on energy...not even considering population growth!!!  THAT will only make it WORSE for those living in that time...it won't be fun.
Learn how to grow your own food...or get to know some people with enough land to grow food. Small communities are going to survive and city dwellers are screwed.

i dont get it,,,,,,,

why is there a decline in production long before it runs out?

shouldn't production continue to rise up untill the point that it runs out?

like if im drinking a bottle of water i dont have difficulty drinking the end of it, i can drink as fast when the bottle is nearly empty as when it was full

am i missing something?

The amount of oil being pumped out of any given well starts slow, and increases up to a maximum (steady) flow rate. But as the pressure in the well declines, the flow rate slows, and eventually it becomes necessary to inject water or something else down another well to wash out the remaining oil. Throughout this process, the amount of oil coming out declines, although very slowly.

You could think of this as similar to drinking an Icee or snow cone. It doesn't drop off all at once.