John Miles of Arup's introduction to the Peak Oil issues
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10:57
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Matt Simmons Discusses Peak Oilby JoulesBurn7,557 views
HUUUUGE flaw in his chart at the 3m mark - the ratio of oil and gold is identical now as it was 70 years ago. So how then has oil become so 'expensive' lately? Simple: Central Banks have flooded our world with more dollars, effecitvely causing massive inflation. Since the privately owned Federal Reserve unconstitutionally grasped hold of the US's money supply, they have inflated roughly 98% of the value out of the dollar. Who is John Miles? Can't find oil credentials online.
calumcoburn 1 year ago
To prepare for peak oil I converted my home to a net-zero solar powered home that uses no oil or gas..I made a video about it called, "Preparing for Peak Oil"....
MrEnergyCzar 1 year ago
Yes, I agree, the world will be a "happier" place to live, eventually... Its the transition that worries me, not on a personel level ( I live in small close nit farming community) but for half the worlds population that are completely dependant upon food imports etc. A global banking/currency meltdown will be devastating... And yes, absolutely agree about hemp and hope your right about the banks, debt and war ;-)...
johnTconover 2 years ago
@johnTconover Harder times John? I don't think so. No one will have to live in debt to banks anymore. No more war overseas. We can replace crude oil with hemp based methanol and efficiency. Lobby your local politician for promotion of industrial hemp as a cash crop and lets move to a much happier world.
Peace
LiquidRio 2 years ago
With the now daily deterioration of the global economic debt ponzi, I'm having serious doubts that we will ever hit the oil supply wall again. Either way, the media attention this taskforce has given peak oil is very welcome and long overdue. Unfortunately, hitting peak oil or peak demand will mean the same thing, the infinite growth, debt money epoch is over and hard(er) times are ahead. But even so, a greater quality, less quantity life will emerge and we should all look forward to it ;-)
johnTconover 2 years ago