MUST SEE !!! - Oil Peak 2011 - part 1

House Session
2011-May-24

U.S. House
General Speeches

Rep. Roscoe Bartlett
R-Maryland, 6th District

Category:

Autos & Vehicles

Tags:

• oil peak
• must see
• peak oil
• oil crisis
• crisis
• usa
• usa crisis
• us crisis
• oil depletion
• hubbert peak
• economic crisis
• financial crisis
• energetic crisis
• petrol
• china
• fuel
• fossil fuels
• carbon
• energy

[the81kid]

Don't worry people, "market forces" will save us, we can use nuclear, the electric car will save us... nothing to see here, go back to your lives citizens, go back to your iPads...

nobody will listen until it's disaster. And then, nobody will take responsibility. We're burning through the world's resources and believing we're "the masters of our fate". Our lifestyle is a gift, a one-time gift of oil.

[DrStrangelife]

He had 10 kids.. And then he is teaching others about abusing resources and thinking about our childrens future? What a failure he must feel his life is - or how disconnected he must be from his own thinking?

[gozala00]

His voice, very hard to listen.

[TheNewRenaissance]

@the81kid I am sure "market forces" will come up with brilliant solutions like Soylent Oil . . .

[MrPentatonicScale]

@MAZDAKPRODUCTION yea but its so hard for a single person to find an oil field like it was in the 1800's when it was oozzing out of the ground, oil is not scarce but its constantly disappearing

[MAZDAKPRODUCTION]

If I owned an oil well I would love people to believe in a peak oil theory to make my product seem more scarce & expensive driving my profits up.

[jimbills]

People latch on to ideas such as abiotic oil, the tar sands and shale oil, and wild estimates of reserves in the Arctic as a means of comforting themselves that we're not about to hit the wall. They're deluding themselves. We about to run dry of the easy stuff - that leaves the hard stuff to extract, and that means steadily lowering production and increased costs. The "wall" is economic devastation because of rising energy costs - finding more hard stuff just means higher energy costs.

[jimbills]

No one knows for certain how much oil there is in the Arctic - there's no way to accurately measure it yet. Much of what you hear about estimated reserves is simply wild guesswork. The Arctic needs to melt for the oil to be efficiently exracted. This is several decades away, and even then it will be terrifically expensive. Peak oil is about max production - not reserves - and with the easy stuff rapidly dwindling in Saudi Arabia, the Arctic won't do much to offset it.

[k00gan]

@manwithbreasts There's an approximate 100 Gbbl in the Arctic. 100 billion BARRELS, *not* tonnes. The average daily world consumption is 85 million barrels. If consumption does not grow, it means that Arctic contains approximatively 1200 days of oil. Say, a little bit more than 3 years, if we DO NOT GROW our needs.

« plenty of energy to promote global growth for the rest of this century. » ?

[k00gan]

@manwithbreasts how huge ?

[QuantumStates]

@the81kid Well said. 

[peterpetersbng]

There is quite obviously a lot of manipulation of Oil. through terrorism and wars.... and there is obviously a connection between the USA and Saudia Arabia on this theme... this is not a fact its my honest opinion...but when oil really starts to rub down .. those countries who have it will be saving it for themselves .. and this is the question here. what does the USA do when it reaches this point.. are we at this point now with the Iraq. Afgan..and possible war against Iran