I had this conversation at the height of my doomer days so I was a little harsh about the future. Besides, if I'd gone soft, it would have made this seem like a non-issue. He went ahead and researched the topic and now is a fellow Peaker.
Anyway, here's the conversation:
Tyler_JC: hey
Scott: hey
Tyler_JC: sorry about that at school
Tyler_JC: I was trying to make a quick escape
Scott: sorry about what?
Tyler_JC: the OPEC thing is a long explanation
Scott: ooo, that
Scott: why would I care?
Tyler_JC: I don't know
Tyler_JC: I have this fantasy world where people are watching my every move and thus I must be covert
Tyler_JC:
Scott: lol
Tyler_JC: anyway
Tyler_JC: OPEC (Organization of Petroleum Exporting Countries)
Scott: I’m aware
Tyler_JC: ok
Tyler_JC: Saudi Arabia (the leader) has decided that they will pump out at full capacity
Tyler_JC: leaving 0 spare capacity
Scott: so selling all the oil they can?
Tyler_JC: yep
Tyler_JC: but here's the trouble, they have nothing extra to sell
Tyler_JC: they are already at max
Tyler_JC: any additional suction on their oil wells and they may destroy their oil fields all together
Tyler_JC: so Saudi Arabian oil production has peaked and will soon begin to decline
Scott: o
Scott: so?
Tyler_JC: they were supposed to be supplying us with 15 million barrels per day in 2012
Tyler_JC: that can't happen now
Tyler_JC: they were basically the only country left with any spare capacity
Scott: and now there is none
Tyler_JC: well, not enough to make much of a difference
Scott: o
Tyler_JC: www.peakoil.com
Tyler_JC: go to the thing at the top that says, "What is peak oil?"
Tyler_JC: it's not that long but will save me a lot of typing
Tyler_JC: there are dozens of other sites, but I post on this one, so I sent you this one
Scott: nice
Tyler_JC: yeah
Tyler_JC: so, don't go to school in LA
Scott: why?
Tyler_JC: Peak Oil=Peak Cheap Energy
Tyler_JC: No Cheap Energy=No Cheap A/C
Scott: lol
Tyler_JC: it's true
Scott: good point
Tyler_JC: no cheap a/c = LA is not a fun place to be
Tyler_JC: poor, hot, unemployed people are not fun to be around
Scott: very true
Tyler_JC: also, LA has a serious water problem
Scott: didn't know
Tyler_JC: they have to get their water from hundreds of miles away
Tyler_JC: and they are using it up much faster than it it replaced
Tyler_JC: same with Vegas
Tyler_JC: but more to the point
Tyler_JC: peak oil (the constant decline in global oil production) means the end of economic growth
Tyler_JC: When oil production really starts to decline (down 4%+) growth will be impossible
Scott: unless a alternative is found
Tyler_JC: such as?
Tyler_JC: There are no alternatives as cheap as oil
Scott: that's true right now
Tyler_JC: nor as energy dense
Scott: but u never know
Tyler_JC: we needed an alternative 20 years ago
Scott: very true
Tyler_JC: we don't have time to switch to a new energy source before the economy is basically destroyed
Tyler_JC: think $5 gasoline
Scott: any ideas on how to prevent this?
Tyler_JC: unfortunately, there isn't really any way to prevent a massive depression
Tyler_JC: but that doesn't mean we are all going to die
Scott: thats true
Tyler_JC: it just means we have to get used to a lower standard of living, using less energy
Tyler_JC: like the average person in, say, Costa Rica
Tyler_JC: the problem is that we have 6.5 billion people
Tyler_JC: and the world is only supposed to have like 1 billion without oil and coal
Tyler_JC: oil gave us an artificial carrying capacity
Scott: meaning?
Tyler_JC: tractors, pesticides, the Green Revolution,
Tyler_JC: all were only possible via cheap oil
Tyler_JC: billions of people will have to die between now and 2050(ish)
Tyler_JC: the global human population will die off to a sustainable level
Tyler_JC: most of those people will be in the third world (as always)
Scott: lol
Tyler_JC: but many will be our friends and neighbors who didn't feel like giving up their SUVs and Big Macs
Scott: lol
Tyler_JC: it's true
Tyler_JC: in big cities, the poor may starve if things get really bad
Tyler_JC: if farm production (which is basically using oil-based fertilizers and land to make food) drops
Tyler_JC: people will have to go with it
Tyler_JC: Japan will have it pretty bad
Scott: im sure there are alternatives
Tyler_JC: what makes you so sure?
Tyler_JC: we haven't found it yet and it takes 25-30 years to switch to a new energy source
Scott: but i bet we could deal with oil shortages
Tyler_JC: yes, we will deal. By having our standard of living drop to the level of oil production
Tyler_JC: we can't conserve our way out of this
Scott: true
Tyler_JC: we still need oil to transport all of our stuff, we need oil (not electricity) to make fertilizers and plastics
Scott: it will be quit the collapse
Tyler_JC: we have 700 million cars that need oil
Tyler_JC: not fusion
Tyler_JC: not coal
Tyler_JC: not nuclear energy, GAS
Tyler_JC: I don't have a firebox in my Audi
Tyler_JC: (but that would be pretty cool)
Scott: it wold
Scott: would*
Tyler_JC: So, in a nutshell, that's why we are in Iraq
Scott: makes sense
Tyler_JC: we must maintain our control over what remains of the world's oil
Tyler_JC: or we slide into poverty
Tyler_JC: 4% of the world's population using 1/4 of the world's energy
Tyler_JC: ouch
Tyler_JC: oh well, so much for working on Wall Street
Scott: lol
Tyler_JC: I doubt anyone will invest without a return on that investment...so no need for a stock market
Tyler_JC: no growth=no return on investment
Scott: im aware of that
Tyler_JC: ...yeah
Scott: kinda freaky thinking about this
Tyler_JC: it is
Tyler_JC: most people have no idea
Tyler_JC: and won't
Tyler_JC: they'll blame the terrorists for their problems
Scott: lol
Tyler_JC: well, just thought you should know
Scott: thank you for enlightening me
Tyler_JC: np
Tyler_JC: spread the word, lol
Scott: lol







