Peak Oil

A short animation about the pros and cons of Peak Oil.

Category:

Education

Tags:

• corporation
• sustainability
• the
• and

[MrEnergyCzar]

No cheap oil = No cheap food. No cheap food = less people.

[hitssquad]

@devonkeim "You 40 trillion tonnes is WAY off the mark, is that counting like all the uranium in the world that has a negative EROEI ? 5,404,000 tonnes from world-nuclear (dot) org which is less than 1/7 000 000 of what you said"

As we can see on the table at the link I posted, to mine all of the most-concentrated 5.4 million tonnes of uranium in the crust, we would be forced to dig up all of the vein deposits (10,000+ ppm), all of the Pegmatites and unconformity deposits (2,000-10,000 ppm),

[123gwf]

@sangolt88 Can we come live with you?

[sangolt88]

I'm glad I live in Norway. 98% of all electricity comes from hydroelectricity. If it rains, we get electricity. And more than enough of it as well. We are the worlds second largest natural gas exporter, while we don't use any gas ourselves. We export around 2 mbbl/d and only use 0.2mbbl/d. Even though, petrol prices is at $11/gallon. I do think that even though we have all this good stuff, we export too much of it and we will also be affected by the economic effects of high pries.

[HermandLo]

@HermandLo either way...your kids are @#$#ed

[HermandLo]

@shreder89 im betting the ranch to say since the feds have been pumpng cheap money into system to reinflate every credit crash, they will keep the printing press. that means the world will have to make that choice for US to go away..the question is either slowly thru a managed devalue or a run on the fed, and a massive default of hte system.

[HermandLo]

@shreder89 big problem is the world is stuck with this cancer USDs because it the global currency lifeblood...so does US stop printing to stop world inflation, or keep printing so start up the domestic economy...all based on the value of USD to crude.

[HermandLo]

@shreder89 so because of last decade of credit bubbles, US will have to create more and more USDs via credit to reinflate the system..thus trying to increase demand of crude will also lead to shortages and hyperinflation. this is the dilemma of a credit system based on debt. if US can not grow, and debt is basically means take from tomorrow to use it today, then US will never be able to pay off its debts with no energy.

[HermandLo]

@shreder89 instead they would want to price in their currency, or even gold if the USD is losing value. now because US is so dependant on foreign oil and goods, if US can not buy oil with USD on the open market then USDs are worthless because there is no need for china russia japan to hold US debt...thus US will default. then you will see americans try to massively hoard oil and goods with devalue dollars...thus hyperinflation

[HermandLo]

@shreder89 its not peak oil for the world, just peak oil and higher prices for americans at the end. This is the real problem, because crude is only priced on USD via OPEC and the USD can only be printed from US. and US economic system is based on credit creation for growth via crude oil. if US can not grow because of heavy debt and export dependant. At some point, countries like china, russia will question why should they work to make goods for US for USDs to buy oil from OPEC? continue...

[mirandansa]

Resource-Based Economy FTW

[Cienstin]

Where the synthesis of your argument?