Peak Oil Emergency is NOW?!

As always, this video is only my opinion, based in this case upon many hundreds of hours of research into all aspects of peak oil. You will find that the views represent a growing consensus among engineers and geologists in the petroleum industry. However, again as always, I urge you to study the issue and come to your own conclusion.
Few people realize that we appear to be at Peak Oil NOW and this is the main factor behind the world economic downturn. In the future if less oil continues to come onto the world market, as has been happening for the last three years, we will likely see much greater damage and partial collapse of economies worldwide. Even if the current downturn has not hit you yet, now is the best time to begin preparing by learning to live more sustainably. The media will never help people face this issue since it would cause panic and "hoarding". Instead the media will continue to focus on the politically correct cover issue of global warming to prepare people for the coming shortages and austerity.



keywords: peak oil emergency now economic collapse worldwide hyperinflation dollar gold hoarding default debt bankrupt war us

Category:

Education

Tags:

• peak
• oil

[aiyic]

The point of this clip is not so much the price of oil, but how much is left.

[InnocentByproduct]

We've known about the Bakken Shale Formation since the 1950's. But the oil trapped in those rocks requires we employ a method of extraction with an impossibly dismal ERoEI. Only a fool with no grasp of energy reality would go after that oil. Of the meager percentage (less than 7%) of the Bakken that IS recoverable, that portion requires massive inputs of both energy and FRESH WATER (in a region where water is scarce) to extract it. With current technology, working the Bakken is energy suicide.

[ramirezhilde]

Thanks for the information

[Vulcan750L]

@AlternateArtisan

Oil companies see the current high prices as a temporary thing and they will just ride it out and enjoy the windfall profits. The prices will drop back down when the crises is over.

Like I said repeatedly, the shale and tar sands are off limits due to environmental regulations and protesters. These resources alone can provide us with 200 years worth of oil. Oil companies are also not allowed to drill in most places, like in Anwar and along the coast of CA, FL.

[Vulcan750L]

@AlternateArtisan

The price is determined by supply and demand. Undercutting? Sure they could do that, but why? Why not sell at the higher prices? Everyone wants to sell at maximum capacity at maximum prices, and that is what they are doing. What is the point of undercutting? To sell more oil? They are already at capacity.

I'm not saying that there is any conspiracy going on. The oil companies just don't have an incentive to start flooding the market with oil.

[AlternateArtisan]

@Vulcan750L the shortage is definately not helping the current financial situation though. The profits raked in by these companies are mostly in american dollars which if you noticed lately, is going down the toiltet fast partly thanks to excessive cost fuel.

[AlternateArtisan]

@Vulcan750L if this artificial scarcity really is a corperate setup, then what stops foreign corperations from undercutting the conspirators? If free market capitalism still exists, all it takes is one of the big companies to drop out of the loop and start selling oil at 'reasonable prices' and wipe out all the conspiring companies. To assume the entire world's oil reserves are being controlled by a single unified entity is to assume 100% cooperation between all the major oil producers.

[Vulcan750L]

@AlternateArtisan

Other countries don't have the massive quantities of conventional and unconventional oils that we have. So for most of these countries, the peak is real. For the US, it is artificially induced. Although the remaining oil in our "dry" wells are being added, they are in no rush to pull it out. It is still cheaper to import the stuff. And the "shortage" isn't a bad thing for the oil companies.  Their profit margins are going through the roof.

[Vulcan750L]

@AlternateArtisan

Didn't we spend days going over that one already?

The reason for the peaking is artificial. It is not because we are running out of oil. We have a long ways to go before that happens.

The reason for the peaking you are referring to is because we are refusing to develop the vast quantities of Shale, Tar Sands, and Heavy Oil. Most of the oil in the US is untouched. Also, our "dry" wells are 3/4 full of oil.

Go to my channel and watch my playlist on Peak Oil Myth.

[AlternateArtisan]

@Vulcan750L if peak oil is that far away. how do you explain the peaking of oil production in almost all countires across the world then?

[Vulcan750L]

@AlternateArtisan

Peak oil isn't the only reason green technologies are being developed. Solar panels and wind generators electric cars, bio fuels, nuclear fusion and fission were developed or being developed long ago before any talk of peak oil. The original cars were meant to run on bio fuels, not petroleum or gasoline.

My argument is Peak Oil is a popular myth.

[Vulcan750L]

@AlternateArtisan

Peak Oil will never happen because by the time peak oil REALLY happens over a hundred years from now, we will have long moved on to electric cars and alternatives, just as we have moved on from horses and steam locomotives.