Oil - The Party Is Over - Richard Heinberg - ECU#582

The demand isn't high enough for us to see it so dramatically.

Oil is in decline every day. But it is the high demand that will obviously push it more.

I'm sorry controlpopulation but you're completely wrong. I'm a realist not a dreamer. Oil scarcity is a myth. I go to all oil vids to speak the truth but I guess no one bothers to hear it because they're too ignorant to understand about artificial crisis and manipulation. You have no evidence or anything yet you continue to say oil is disappearing, oil is cheaper than water right now, how is something that's so finite but is cheaper than dirt?

Don't sell yourself short moniequa, you are a dreamer. Peak Oil is not a myth and having worked in the industry and know scientists that have worked in it for over 35+ years, trust me, we have peaked. Matter of fact, we peaked in the late 90's yet a few groups out there in the world continue to lie to the public for profit motive. They could care less about the worlds future, only their own pockets.

But don't worry, reality is setting in and the harsh truth is not too far away.

It is a myth, you have to be very dense to not know that. This video was made when oil "was scarce" well guess what, no oil shortage videos after oil price went down to basically nothing. There are billions of barrels around the world, southeast asia, Asian Islands, Green Field Colorado. You're help these oil companies by spewing your nonsense.

Unfortunately moniequa, billions are not enough. We use 85 million a day and it doesn't take a rocket scientist to realize that we blow through 31+ billion every year. And most of the oil your talking about is not economical to get out of the ground, even at $100 a barrel or even $200 per barrel. Sorry but there is a shortage and that's why long term oil prices will continue to rise and the only reason why its not at $200 per barrel now is because the world is in a severe recession.

If oil is peaking, oil price should increase consistently and only slow down when the demand is low but not decreasing because oil is finite and irreplaceable. Did you know that a few months ago oil was as cheap as in 1975? How could that be possible when oil level now is a lot less than in 1975? Please tell me. Don't use supply and demand theory because it is not relevant.

Moniequa, when you have the largest economy in the world, by far, in a deep recession, oil will obviously drop due to lack of demand. But, that won't last forever because as the US declines India, China and many other countries continue to grow making up for the US drop in consumption. Oil will continue to fluctuate in price but over the long term it will consistently go UP!

Wait and see what happens when Mexico is no longer able to ship us their oil which has peaked faster than expected.

Once again, supply and demand theory doesn't apply here because if oil is finite than oil price should increase continuously and only slow down when the demand decreases and pick back up again the demand increases, it should never drop at all. Oil price will go back up again not because of demand or peak production but because people like you are asking for it. I think gas should be $20 a gallon and you should be the first one to pay for it.

Moniequa is scared of the truth. Denial is in many people. A lot of people don't want to know this, don't want to see it. Some people out there would believe that the war in Afghanistan is all about terrorists.

The western countries have behaved like terrorists.

It is a covert energy war. Nineteen bases were established outside of Afghanistan, this is from the book.

Its remained to be seen. Yes we're running out of oil that is why it fell from 250/barrel to less than $80.