Crash Course: Chapter 17a - Peak Oil by Chris Martenson

Chapter 17a - Peak Oil: 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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[MrEnergyCzar]

I suggest everyone try to see Chris speak in person.....

[MrEnergyCzar]

Our society runs on cheap easy to get at transport fuels. They are no longer cheaper or easy to get at. The alternatives aren't cheap transport fuels. Alternatives lose the net energy battle as well.

[willbirful]

really informative and interesting

[grisgrisy]

love the video man

[staranjela]

some really good stuff here

[poltoja]

Firstly, let me say that in no way do I deny peak oil. I think it is an imminent and undeniable danger if not acted upon. But what is misleading about this video and others like it is that civilization will collapse once the oil supply dwindles. In my opinion a solution to avoid a great deal of the pain is to aggressively switch away from petrol-based transportation, primarily the automobile. Switching to mass transit and rail while also changing our lifestyle (ending sprawl) could help.

[Standuble]

The only thing that could possibly replace oil in some shape or form would be fusion. That wouldn't replace the versatility of its uses in agriculture or manufacturing but it would be useful. If we're feeling really bold we could try solar panels in space which I hear is far more effective than ground side solar panels. But could NASA pull that off?

[dssupra]

@hitssquad oil prices arent only effected by inflation, prices also reflect supply and demand and taxes. You arent realizing that people holding US reserves are getting hit much harder than the US right now. I never said you prevent inflation from printing money, its the opposite. Printing money causes inflation, but allows the US to continue importing the same amount of oil as it did 2 years ago. Like I said, supply and demand.

[hitssquad]

@dssupra "It keeps it low for us for now"

That doesn't make sense. You prevent inflation by printing money? How does that work?

[dssupra]

@hitssquad It keeps it low for us for now, but it makes it more expensive for everyone else. In the US, Oil prices are not really based on dollar value as much as supply and demand. Because of this fact, the US has the ability to print money to allow the economy to continue to allow for US companies to continue to supply the US demand (bailouts and stimulus, aka printing money).. In other countries, with US dollar reserves, the value of those drastically reduce in value, driving oil cost up

[bvssvni]

5.3 billion people depend on 900 million cars needing replacement in 35 years. That's 5 people poor every second, 130 times faster than people dying in holocaust, 2.7 faster than people die. Skeptical to peak oil? How much better do you think it is? Twice, ten? It's still the largest catastrophe potential in history.