Peak Oil is You
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Page added on April 11, 2015
Heinberg: Feed Yourself
Five percent of the world’s oil tanker capacity is waiting to load up near Basra Iraq, where production is way up. The United States has only one month of oil storage capacity left. After that, what comes in must go straight to market, likely for as little as $20 a barrel.
Is peak oil dead? And why isn’t the economy responding to cheaper oil? We’ll ask the guru, Richard Heinberg. He’s one of the people who popularized the oil squeeze, with his book “The Party’s Over”. Heinberg has a new book out Afterburn: Society Beyond Fossil Fuels.
After that, during this Spring in the Northern Hemisphere, a couple of us hope to persuade you to grow some of your own food. Marjory Wildcraft, from growyourowngroceries joins us. There’s a lot of reasons we need to pay attention to the food supply.
16 Comments on "Heinberg: Feed Yourself"
Plantagenet on Sat, 11th Apr 2015 3:10 pm
Obviously the world is in a serous oil glut. However, that doesn’t mean that peak oil is dead. It just means that previously estimates for the timing of the global oil production peak were seriously flawed because they didn’t include the surprisingly prolific oil production from tight shale.
So when will peak oil occur, including the new production from fracking tight shale? Hard to say—it depends on how successfully this technology is transferred from the US to other countries with tight shale oil deposits.
Nony on Sat, 11th Apr 2015 4:01 pm
The US is in an oil glut. The world not so much so. And even for the US, it’s not such a big deal. Just means the price is depressed 2-5 dollars for the next couple years. And it is already getting worked out. Price is rising, rigs are being stacked. Production is turning or close to it.
Nony on Sat, 11th Apr 2015 4:05 pm
I feel like things go in cycles too. I remember peak oil and solar and all that being all sexy in the 70s. And now we’re back to that again. Even all the emphasis on organic food and gardening and the like. I remember that being a big deal in the 70s too.
Nony on Sat, 11th Apr 2015 4:06 pm
BTW, Heinberg is an ignoramus to think that supply and demand crossing at a particular point doesn’t happen. He is ignorant of econ 101.
GregT on Sat, 11th Apr 2015 4:14 pm
Heinberg is ignorant of Econ-101, because Econ-101 is ignorant of physics, biology, and basic mathematics. Econ-101 is a failed ideology that doesn’t factor in basic scientific laws and principles. It is a nothing more than a cult.
Nony on Sat, 11th Apr 2015 4:19 pm
I listened to about 13 minutes of the podcast and then switched off. The guy is a lightweight. The whole movement is full of lightweights. Staniford is about the smartest one I’ve read. Hamilton is also a lightweight (I’ve taken classes from much sharper microeconomists; he misses a lot of basic insights that a good analyst would find). Rapier is a joke who pats himself on the back all the time, but at least is not as crazy as Gail or the like.
I’m basically down to Staniford as the one possible one worth saving, but it’s still very interesting how he has not fully examined all his own past failed predictions and how they may have arisen from bias.
GregT on Sat, 11th Apr 2015 4:28 pm
A very good interview. Heinberg is spot on. To all of the Nony’s out there, ignore at your own peril.
Nony on Sat, 11th Apr 2015 4:47 pm
I think crazy Mike Ruppert or hot tubbing Matt Simmons would (have been) be more fun the really party with. Heinberg seems like a nice guy though. Not foaming at the mouth. But the foamers seem like they would be more fun to drink with. Make sense?
GregT on Sat, 11th Apr 2015 5:13 pm
“Make sense?”
About as much sense as can be expected from you Nony.
Apneaman on Sat, 11th Apr 2015 5:29 pm
I think many Americans will be foaming at the mouth soon. Hillary or Ted Cruz? I truly sympathize with y’all. Should make for pure absurdity since it does not really matter anymore.
Davy on Sat, 11th Apr 2015 9:45 pm
Greg, I am telling you the NOo gets all talkative after happy hour. I think he forgot to take his asshole meds last week and now he is boy wonder know-it-all.
Nony on Sat, 11th Apr 2015 10:08 pm
I have that post-coital tristesse, now. 🙁
Apneaman on Sat, 11th Apr 2015 10:17 pm
Here is my favorite Texas Hippy Doomer- Hambone. He can be quite entertaining in small doses.
Exxon CEO Rex Tillerson Explains Planet Eating 101: Economic Meltdown Roundup For April 6, 2015
https://www.youtube.com/watch?v=BhE-lx4YZvw
Nony on Sat, 11th Apr 2015 10:21 pm
He’s personable, but I think he needs a haircut.
http://f.tqn.com/y/menshair/1/S/v/J/-/-/high-and-tight-classic.jpg
GregT on Sun, 12th Apr 2015 1:36 am
Tillerson would look good in dreadlocks.
tk on Sun, 12th Apr 2015 4:21 am
Glut, glut, glut, glut, glut!
Which haircut should it be?
https://www.flickr.com/photos/expd/16238456709/
Glut, glut, glut, glut, glut!
So, the algos in these “black boxes” have scanned this article, analyzed it for “oil glut” and the oil price is now falling again.
Everybody here on board understood it?
That’s what these trading algorithms are doing on a daily basis.
They read google searches, twitter feeds, facebook entries… you name it, and trade upon those texts.
(Remember that fake white house explosion report some years ago, you should’ve watched the “markets” after this)
.
And nobody will believe me, because they don’t take their time to seriously think about my comments from the other “oil price articles” here.
What a sad day!