Energy Shock: How Peak Oil Will Change Your Life
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This video is a response to If Silver Goes Down All Hell Will Break Loose In The Physical Market: Silver Investment Update
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Sangolt88, Control of price is not achieved by closing refineries because reduced sales but higher price is as profitable for Big Oil as higher sales at lower price. Further, Big Oil gasoline transport costs increase by centralizing. Closing the refineries isn't to control price, it is to control consumption. Global demand overtook oil production. Saudi Arabia's giant oil fields are in serious decline, so too Russia's largest oil fields and together they produce about 20.5 million bpd.
LightReuse 5 days ago
@LightReuse yeah they closed two refineries in California as well. By centralizing refineries, they can control the oil/gas price
sangolt88 6 days ago
For US East Coast residents real hardships ahead as big oil rations without calling it rationing by closing 3 PA refineries by July 2012 cutting over 50% of east coast refining capacity. Plus a 495k bpd in St Croix being closed, a major supplier to EC. Military on top of peak oil & no doubt calling the shots with big oil to manage oil supplies.
LightReuse 1 week ago
Gives me chills every time I watch it.
markgjvhydro1 1 week ago
2:50... It shows a bunch of Chinese people walking, only 3 small vehicles, are they sure they need oil?
jaymorpheus11 1 week ago in playlist Peak playlist
We need bulls and horses, water is going to be problem and we are going to see the most bloodiest timeline in human history. Life is Christ and death is gain.
miksulder 2 weeks ago
buy buy buy!
sapiensproeliator 2 weeks ago
Food collapse is the big one. Read the article Eating Fossil Fuels by Dale Pfeiffer on the FTW website. Trouble is people still will belligerently refuse the truth as they eat their dogs and dead neighbors.
JahrunChilamBalam 3 weeks ago
Monopoly power and technology suppression-
That is the real story.
We are still using a 19th century technology
to keep up the current power structure. We don't need it.
There are many other options that are far more efficient and less pollutive.
Geo thermal steam cannons with a Halo entry will provide World-wide logistical support for intercontinental freight. The list of uses are unending- but no one talks about it. Why? because they will be oppressed. - That is the History. LEARN!
LP101A 3 weeks ago
@1981busch Nah still loads of coal and a fair amount of natural gas. We'll be burning those for energy once the oil is too expensive and storing it as electricity in batteries for transportations (not as convenient as oil but manageable). We'll almost certainly pass tipping point before we stop using fossil fuels and then run away global warming will take care of itself without additional human inputs.
candistyx 3 weeks ago