[TonyPrep]

$this->bbcode_second_pass_quote('Schadenfreude', 'T')hey didn't mention that latest news in Wired Magazine about Cellulosic Ethanol made cheaply at $1/gallon.

According to Wikipedia on the subject, processing waste material alone could provide about 30% of present US liquid fuel requirements. That's before switchgrass or other ethanol-yeilding crops are even brought in to the equation.

The three guests on Puplava's show seem to re-iterate that it is because time is so short that Peak will be a huge, civilization-changing problem. But we've now seen news that Nanosolar and Cellulosic are a present reality that can scale rapidly. How can they keep on shouting doom?

[mattduke]

$this->bbcode_second_pass_quote('Schadenfreude', 'T')hey didn't mention that latest news in Wired Magazine about Cellulosic Ethanol made cheaply at $1/gallon.

[Schadenfreude]

$this->bbcode_second_pass_quote('mattduke', '')$this->bbcode_second_pass_quote('Schadenfreude', 'T')hey didn't mention that latest news in Wired Magazine about Cellulosic Ethanol made cheaply at $1/gallon.

[Schadenfreude]

$this->bbcode_second_pass_quote('pstarr', 's')o you're spinning these scams all over the net. investor?

[Twilight]

If they didn't say there was a problem, no-one would try to solve it. There's the value in what they are doing.

[mattduke]

$this->bbcode_second_pass_quote('Schadenfreude', 'M')attDuke, like a two-year old, demands that the process be instantly mature for him. Snarky, snarky.

[bratticus]

Robert Hirsch foretells of $500 oil and discusses various alternatives (link)

[Cashmere]

Nice cite. Thanks.

EDIT:

Just watched the video.

1. WOW. Anchors seemed genuinely curious and not dismissive. Very very sobering. 500 in 3-5 years is the same thing as saying, EOTWAWKI in 3-5 years.

I wonder how many in the TV audience understood the magnitude of that number?

Like when the professor in Back to the Future hears the video tape of himself saying, "1.21 gigiwatts", and he freaks out.

2. Who the f-ck was the chick in the beginning with the dark hair?

PhD guy from Ivy League school, an expect on the subject, commissioned to research the issue and present it to Congress says, prices going up - only so much oil.

Young, ditsy, credentialless chick says, "could go up, might go down, who knows??"

WTF is that?

[ColossalContrarian]

"CNBC's economist says oil could go back to $50" hahaha

Hirsch is a straight shooter.

[ColossalContrarian]

“People will do anything to alleviate the problem which is going to be extremely severe”



it's really no suprise for the people at PO.com

[Daniel_Plainview]

"Economists don't understand that we're limited by geology"

You tell 'em, Robert.

[mos6507]

$this->bbcode_second_pass_quote('DoomWarrior', '[')i]"Economists don't understand that we're limited by geology"

You tell 'em, Robert.

[SILENTTODD]

only 3 to 5 years? hmmm................................................

Like they say in the Captal One commericials; "What's in your Wallet!?

What will you do with less than 3 to 5 years to prepare (and the price of gas is already through the roof!!}

[ColossalContrarian]

$this->bbcode_second_pass_quote('Cashmere', 'N')ice cite. Thanks.

EDIT:

Just watched the video.

1. WOW. Anchors seemed genuinely curious and not dismissive. Very very sobering. 500 in 3-5 years is the same thing as saying, EOTWAWKI in 3-5 years.

I wonder how many in the TV audience understood the magnitude of that number?

[Schadenfreude]

You know what this country needs?

A good uber-Doomerish Simpsons episode devoted to Peak Oil.

ASPO, Hirsch, Heinberg... now even CNBC... all these folks are trying to get the word out. But I think it's going to take Homer J. to nail the argument down for most of 'Merca.

Prices need to go up to an ideal point where economic change is optimum over a period of at least 15 years. I don't think the market's invisible hand is going to achieve this.

I think the market is going to let us know en masse that we need to do something when it's really far, far, far too late (it's already too late to avoid tough times).

It is completely ridiculous to try to foist the Doomer idea on the population at large that every effort to overcome our energy challenge is utterly futile. How are you going to sell this idea? What would be the reaction of the population at large if Wolf Blitzer got up there and publicly drank the Doom Kool-Aid every day on CNN?

I'm convinced that the world needs to convene a global energy summit which espouses conservation primarily and also coordinates further development (especially in China and India) and organizes a worldwide "kitchen sink" approach to energy research - that is, throw everything at the problem in a systematic, coordinated way.

Some broad Middle Eastern agreement will have to be settled between the Asians, Europeans and Americans. Iraq's oil looks like the last best hope for buying time. Such a broad agreement would entail as a first step a completely open inventory of oil reserves everywhere and especially in the ME (as Matthew Simmons has been yelling for).

Of course, I'm one who strongly suspects that this peak oil knowledge and its repercussions has been knocking around in heads such as Dick Cheney's since the 90's. And the whole Iraq venture was to impose the US in the region ahead of any such global summit.

How could the US not be aware of oil peaking when this country was the first large producer to experience decline and its geopolitical ramifications? The NSA and CIA and White House and Congress have had 40 years to ponder this question.

[Peleg]

http://www.cnbc.com/id/15840232?video=774744570&play=1

Check that one out!

Now we have him and Roscoe talking about opening up drilling. I still don't think it matters much, but I do get the sense that they are trying to blunt an expected liquid fuels shortage. Hirsch says here possibly $550 per barrel in five years. That would translate using a very poor linear approximation to something like $20-$25 per gallon for gas.

Is anyone else paying attention to this, or are we all just trying to short sell oil ahead of the Saudi announcement of another 1.6 mbpd next year? I mean really, we need an extra 3 mbpd every year just to keep up with depletion as it is. Are we asleep in the soft glow of our whale oil lamps? What's up folks!

[Jack]

That's quite a catch! Thank you for posting it.

[DomusAlbion]

Well that was a cheery little video.

News Bimbo: "How soon might we see this hypothetical $500 per barrel oil?"

Hirsch: "I think 3 to 5 years is a reasonable timeframe."

That will be the end of it.

[zberry]

Yes. That's the video of the year.
It appears that the price has been going up an average of 6% per month since 2004. Continue that and we get the $300-$500 in 3-5 years
Becky, Carl, and Joe were literally dumbfounded when Hirsch dropped that little bombshell in a calm, matter of fact voice.