Dr. Hirsch Discusses Peak Oil on CNBC

Dr. Hirsch Discusses Peak Oil on CNBC

Category:

News & Politics

Tags:

• Peak
• Oil

[mrgatorland]

Also, let me say, that what I am about to say never happend, lol. Going against what everyone has been saying about no new oil dicoveries, under colorado, wyoming, and nebraska there is a supply of oil shale 3 contains 3 times the amount of oil the Saudis have. At current US oil demand, yes all the millions of barrels we oil greedy Americans consume, it would provide enough oil from 200 years. The only problem is that every barrel of oil would leave about a 2000 pounds of rocks.

[JoulesBurn]

and also:

1) Oil shale has the same energy content as a baked potato. Just like with potatoes, one needs to bake oil shale to make it useful

2) oil shale has never been profitable, and probably never will be

3) similar to the oil sands of Alberta, it's not the total amount of fossil fuel underground -- it's the rate at which it can be extracted. And that is rather small compared to Saudi wells which gush 10,000 barrels per day per well in their best (but dying) fields.

4) water

[MrEnergyCzar]

Hirsh understands that the cheap oil replacements aren't cheap and that we rely on a cheap liquid fuel economy, the alternative liquids aren't cheap and scalable.....

[farahnet1]

@JoulesBurn -Government -Adding 100 thousand legal immigrants a month thats over a million legals a year.An absurd amount. Putting more strain on our economy. and absurd amounts of traffic on our roads. and landfills.ect ect

This is not counting illegals. Goverment only tells us how much more money they need and never do anything to help american families other than lip service.And retoric. Obama administration only care about the votes.

[bvssvni]

5.3 billion people depend on 900 million cars needing replacement within 35 years. That's 5 people getting poor every second, 130 faster that people dying in holocaust, 2.7 times faster than people die. Trend today: People getting poor.

[meheale]

@ukiki2012 yep

[reddnec]

If we aren't running out if oil why did they abandon all the oil wells in Texas? And what a mess they made of the land in the process.

[christo930]

@JoulesBurn I am not a peak oil denier, but the problem is really over-stated. Nobody ever seems to understand the price system and how that effects usage. People are going to take less unnecessary trips, they will combine trips, they will buy more efficient cars etc.Businesses will stop trucking and use waterways to conserve etc. Then there is the fact that we can use renewable electricity to pump out oil at an energy loss because peak oil is a liquid fuels problem, not an energy problem.

[PrunVeIes]

@ingeborgsjon How would diesel engines be converted, are you saying they would still use combustion or would it work like the hydrogen fuel cell cars. How much horsepower can hydrogen fuel cell engines produce and what would be the range. From what I heard, the hydrogen cell engines can produce more horsepower but I never saw a prototype Hydorgen fuel Semi. The US still has hudreds of years of coal but before oil runs out I think we will have nuclear fusion energy.

[jrwilson98]

@dqgates Also now that we have Military operations going on in Libya that will actually hurt the market not help it. Investors are afraid of Wars, especially when they first start, because they have no idea what is going to happen. The enforcement of a no fly zone is a good example of the Military and the President not having any plan what so ever of a clear mission. Which causes investors to be even more afraid.

[jrwilson98]

@dqgates Yes I did mean 2M barrels a day. Thanks.

[dqgates]

@jrwilson98 Did you mean 2 million barrels? 2,000 barrels/day seems like a drop in the bucket.. I agree with you fully that this summer has all the signs of 2008 all over again, except we are getting clearer warning signals. If we are truly at the peak plateau, which i believe, then all it takes is for one of the arteries in this global export system to be clogged..which is currently unfolding right in front of us in Libya. This market crash might not be as recoverable though as 2008 was.

[jrwilson98]

@ingeborgsjon Sorry about that I got your screen name a another person's screen name confused. It was gohomedevils. I hope he was just kidding.