The Impending World Energy Crisis

The world will be using 88 million barrels of oil everyday in 2008,and the number is rising! PEAK-OIL YEARS. Update: Now the price of a barrel of oil is crashing, too low or too high, either way oil has to go away, if the price goes too low they will start shutting down production. 10/30/2008

Category:

News & Politics

Tags:

• Peak-Oil
• Petroleum
• U.S.
• 2012
• Endtimes-Signs

[sasktank]

FACT-the shortage is refinery capacity -it is at a peak unless they build more refinerys ---FACT--- there is no shortage of underground oil in this world

[jimbonumber9]

No more refineries are being built in the U.S. and as long as the price of a barrel of oil stays low there will not be anymore refineries built, if the price of a barrel gets too low they will start shutting down production. Besides the burning of fossil-fuels is hurting the Earth and there is not an unlimited supply, that is easy to get to oil!

[sasktank]

jimbonumber9--there is at least 2 trillion barrels in the alberta oil sands area about 10 times more than all the oil in saudiarabia and that is just 1 oilfield of canada

[jimbonumber9]

Do you understand that with the price of oil being low now that those tar sands are too expensive to be processed in order to make a profit. The oil sands require energy to process and will not help reduce global-warming/climate-change, which is caused by burning fossil-fuels!

[Noahgoy]

Peak Oil is a fact, not a theory. It can be debated where we are at on the bell curve, but common sense should tell any individual that prouduction shall reach a peak.

Oil giants like T Boone Pickens claims the world reached peak oil in 2006.

It is very alarming to think about what could happen when and if demand starts to far exceed production rates.

It is a fair assumption that natural resource wars are on the horizon.

China and India are just getting started in oil consumption.

[jimbonumber9]

Yes, you are completely right. May God be with you always.

[grenda5]

this man is right on,well done,thank you for posting this.

[livefreeinuk1]

@sasktank u av no idea what ur talking about.

[sierracuban]

@RussianBarbarian HA, HA, HA.......Russian BARBARO YOU ARE FUNNY.......It may not come to that extreme, BUT ! WE MAY ALL BECOME MORE HUMAN AND HUMANE, as a result of a less mechanized life...

Thanks to our lives inside of our cars we have become uncivilized........HERE IN MIAMI people run you over with their cars, and they just keep going like WILD BEASTS......And then they claim police brutality.....

WE MAY have a few rough years ahead, but hopefully WE WILL PULL THROUGH....Sierra Cuban

[Neoli2300]

@sasktank peak oil has been reached. what u said about no shortage underground is either what u assume and have put together, someone or something has given u wrong info or its just total bullshit. the major oil reservoirs are in decline. there are 90 billion barrels in the arctic but that is out of our technological grasp because we cant drill it, the ice moves. watch the video here on youtube called

Collapse - Documental PARTE 2/8

by infoguerras

[nextlifeguitarist]

@MonteCristoRecords ahaha absolutely right!

[nextlifeguitarist]

just to inform all of you that peak oil is already here...i am buying something from china, they informed me that...' we hope to send your material asap but we have to inform you that in china we are having big problems with OIL availability that are affecting transport system'.......so think about it

[RussianBarbarian]

A life without oil sounds really romantic. Finally we'll get to walk around in rags again, watch the stars and cling to each other in front of the fire to forget the feeling of hunger, surviving day to day without stressing over succeeding in life. I'm looking forward to it.

[MonteCristoRecords]

Well it sure was a fun party while it lasted. China and India are coming a little late.

James

[Indrius]

Compressed air is just an energy carrier (just like your lithium battery). It's not an energy source. To produce energy carrier you need to use energy source (like oil, coal, nuclear, hydro, etc.). The same goes with hydrogen - it has to be produced by using energy. There's no easy way out, unless some miraculous invention like cheap and efficient solar cell gets invented or nuclear fusion energy becomes feasible or something like that. But don't count on it.

[Indrius]

Not with the population of 7 billion people.