Peak Oil Short

A short about Peak Oil. From the Coalition Against Oil Dependency.

Category:

News & Politics

Tags:

• Peak
• Oil
• Energy
• Gas
• Prices
• Fuel
• War
• Alternatives
• population
• growth
• media
• epidemic

[shmundy10]

you can never run out, its economics, prices will get so high, we will explore in deaper water, in the artic, in the oil sands, you just need to let markets work, if people think it will run out then prices rise, and potententially 1000+ but to such a high price that it limmits demand, we cant run out if markets work, which they will

[crazycoyle96]

i agree high prices will curb demand. However a market cannot exist without growth. Growth cannot exist without an increase in supply of energy every year. It is not about running out. It is about reaching our maximum extraction rate, which many believe will be 1,000 barrels per second. After that, global oil production will be in terminal decline. China will double there demand for oil in 10 years, then double it again in 7. In less then 2 decades they will need 200% more oil.

[gordonchecknita]

Canada has at least 100 yrs of (known) reserves to supply the World.

[crazycoyle96]

Lets assume thats true. However you must factor in projected demand growth. We use approx 972/barrels per second currently. Demand is expected to grow to a staggering 1,800 barrels/second by 2030. It should be remembered that some analysts fail to consider probable extraction rates in their calculations, relying only upon known recoverable reserves. Furthermore, global oil discoveries peaked 4 decades ago. We are now discovering 1 barrel for every 5 barrels consumed.

[sangolt88]

I guess thats why Carter was so unpopular, he spoke the truth. Told us we cant drive SUVs forever. Nobody wants to hear that, we can only learn the hard way.

[MrEnergyCzar]

Most countries have past their peak oil production and its only a matter of time when the global oil peak is reached...

[secretkgbuy]

yes, you are right, but the problem is in america, which is the biggest consumer, compare Russia consumption against USA. Also there are other implications, for example Russian say that the weel do not deplete, simple the oil pipe "get dirty" and it seems to be depleted but if the pipe is cleaned then you can start pump again. This happen in new mexico oil field, where after depleted the reserve start pump again. This thing goes to Abiotic oil theory.

[secretkgbuy]

Russian Premier Vladimir Putin says research shows that Russia has enough oil and gas for itself and for Europe for the next 100 years.

[edsanville]

Well, giffe, we'll see what happens in time. I believe you're being far, far too optimistic about this particular problem.

[PerfektBlue]

Brilliant plan :D ! However try to explain this to the neo-cons (libertarians , republicans) :( .

The "freedom" of the free market will be our end.

[PerfektBlue]

You don't comprehend that your traditional oil will run out and the alternative energy that you hate like the alternative sexuality is the only thing that is going to save you from the stone age ? Another prove that religion makes you retarded.

[PerfektBlue]

gwano13: Well if you don't mind stopping existing if oil peaks then yes don't give a shit about your life.

[PerfektBlue]

Shmundy: Economics and markets can never break the rules of reality.

Oil will end and before this oil peaks end of story.