Crash Course: Chapter 17a - Peak Oil (2 of 2) by Chris Martenson

Chapter 17a - Peak Oil (2 of 2): 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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[paris466]

Just so happens... 2010 was the first year EVER that demand outpaced supply. We had to cut into our above ground reserves to keep pace.

[leofrankfurter]

Damm I needs to get me hundreds of slaves.

[ookiemand]

Like Chris points out deception by government institutions, he fails to point out within corporations. In such a deceptive world the laws of human emotion only partly direct the economy. I have no problem accepting finite resources, but I'm very weary of elites creating crises to direct their human resources. Keep learning.

[MrPentatonicScale]

chinese lunch special was 350 5 years ago, now its 590... what the fuck are we gunna do?

[bayleybomber]

gas hungry americans be like fidel castro man can do just fine with on horse. or having no fuel at all. does'nt helium 3 or moon rock have60 times the energy as coal?

[bayleybomber]

i have not owned a car in 2 years but i have owned about 6 cars and i am only 21. ha ha lol

[AngeliqueEU]

# 10 True ... never thought of that before ... everybody (well almost) is a King or Queen in the Western world. having enough food, able to shop for it ... get it the easy way, having a car ... and can go on holliday to other places even countries.

[AngeliqueEU]

@AngeliqueEU ...

The 'next' 20 years allready have begun!!!

[AngeliqueEU]

GAS (un1203) a liter today € 1.67 Netherlands

Do the math ... Gallon / $

And it is still rising ... also Light/electra/warmth ... and FOOD

[taxigringo]

The stats are faulty. The idea he is presenting is worthwhile, but the stats are significantly off.

[mdg583]

1 gallon of gas = $7500. Gas is WAY underpriced, and we ought to put taxes on it, etc. so that we use it accordingly.

[Standuble]

@Drieick They do consume the export in the vast majority of cases, they just export the surplus. They have their own needs to attend to, if production goes low enough they stop exporting which has deeper trade consequences.