Crash Course: Chapter 17a - Peak Oil (1 of 2) by Chris Martenson

Chapter 17a - Peak Oil (1 of 2): Energy is the lifeblood of any economy and a steady supply of energy is necessary to maintain the status quo, while an ever-increasing supply is needed to grow an economy. In this chapter, Dr. Chris Martenson explains that Peak Oil is not a theory, rather it is a description of how oil production increases over time, reaches a peak, then declines. Evidence points to a global production peak in the near future, which is troubling since the U.S. imports two-thirds of its oil and relies on it to much of its transportation and food production needs.

http://www.chrismartenson.com

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[0urGaia]

Its strange that america wages a war on terrorism during the same time as oil output peaks, no.

[tanibooboo]

I'm calling bullshit on your bullshit:

After 20 years we still cannot effectively remove oil from shale

The oil in Alberta is in sand which requires 2 units of energy to net one unit

5 billion barrels won't last us a year if demand does NOT increase-- highly unlikely without conservation

Sorry about that

[MikeKay1978]

@lucasleivia

The planet will not die. The earth has gone through this scenario or worse before. Life on earth will adapt the one thing you can hope for is that you adapt to the earth.

[TWSceptic]

@dirtbikingcanada No you are an ignoramus.

[ingeborgsjon]

@freedomfighterone Yes we can but it's not happening and it will require enormous changes to society, it will mean the end of the car as a personal vechicle.

[ingeborgsjon]

@paris466 No, it happened in 2005-2006 all the way up to the recession.

[ingeborgsjon]

@dirtbikingcanada Lindsey Williams is a christian lunatic, he doesn't have a clue. World Energy Outlook conclueds that we reached peak crude oil in 2006.

[Valkyriepure]

@dirtbikingcanada Yeah right !, oil is everywhere so we are drilling in the Arctic and in 20,000 feet of water. I think there are so many fat arses in the west the thought of no more drive thru meals is worse than death.

[dirtbikingcanada]

This guy is a lying globalist. Peak oil is a lie to support high oil prices. Peak oil is a scam to help the new world order. Look up lindsey williams "the energy non crisis.

[paris466]

@Standuble - That is what I read a few weeks ago. I honestly don't remember the source or I would gladly give it to you. I think it may have been at businessinsider(dot)com (they've done a few articles on Peak Oil), but again, I'm not sure. Could put an interesting spin on why the SPR was tapped this year, though.

[Standuble]

@paris466 You serious? If you are then thats bad news.

If I'm not mistaken the only way for oil companies to increase production from existing fields is to research better extraction methods and technologies to extract it (lowering the cost of producing it in turn.) However to do that research (like all research) you have to have money to do that with, therefore the oil companies need to have a sizeable profit. No profit = no research = no improvement. After the peak the slide can't be slowed

[paris466]

Just so happens... 2010 was the first year EVER that demand outpaced supply. We had to cut into above ground reserves to keep pace.