Peak Oil Reality Discovery & Production Won’t Meet Future Demand, featuring Sadad al Husseini

8 Comments on "Peak Oil Reality Discovery & Production Won’t Meet Future Demand, featuring Sadad al Husseini"

Kenz300 on Sat, 3rd Dec 2011 3:11 pm 



Good Video — Depletion is eating away at capacity. Not enough new capacity is coming online. Individuals, business and politicians need to prepare for a world of higher prices and limited supplies of oil.
It is time to diversify our energy types and supplies.

The Practician on Sat, 3rd Dec 2011 8:12 pm 



I couldn’t be more pleased that industrial civilization is screwing its self over by failing to understand what happens when the decline rate starts to exceed the rate that new oil comes on line. Maybe we should just keep this to ourselves…

dsula on Sat, 3rd Dec 2011 11:31 pm 



To “The Practician”: I agree!

BillT on Sun, 4th Dec 2011 2:30 am 



Kenz, you must have investments in “alternative” energy sources. But, there is no way they will replace even 1/2 of our current energy use, ever. Oil is necessary for ALL of them at some point.

We will not use solar/wind/biofuel power to mine, crush, process, haul, refine, mold, machine, assemble, deliver, and use even the machines that are used to mine the minerals we need to make the “alternative” sources. Not to mention the highways, bridges, power lines, and food, clothing, shelter necessary to make anything happen.

Asphalt will not be recycled to keep roads paved. Coincrete will not be made by the millions of tons for construction, steel rebar will not be made by the millions of tons for reinforcement, nor will steel be available to make those windmill towers.

No one seems to want to write about the total process for any of the “alternatives/renewables because their impossibility would be obvious, without oil, at some point.

MrEnergyCzar on Sun, 4th Dec 2011 3:22 am 



Economies won’t function without growth fueled from cheap abundant oil. The no growth world has already started….

MrEnergyCzar

BillT on Sun, 4th Dec 2011 3:32 am 



Take a look at this and then we will discuss “renewables”.

http://sunweber.blogspot.com/2011/12/machines-making-machines-making.html

Steven Manders on Sun, 4th Dec 2011 7:25 pm 



The American Republicans have an interesting solution to peak oil.

Drill, drill, drill everywhere, the more you drill, the more oil you can produce, the faster you can deplet it, and the better off we will all be.

Steven Manders on Sun, 4th Dec 2011 7:33 pm 



WTI oil was $9.67 per barrel in January 1999! It averaged $20 in 2000, $40 in 2005, $80 in 2010, and $100 per barrel in 2011. Do you see a pettern here of exponential price increase as supply remains relatively flat, and the world economy tries to grow exponentially. Following this history of price increase, we will have $160 in 2015 and $320 in 2020. This assumes economic growth, and no decline in oil production. The economy cannot grow with that price of oil, but supply is expected to decline giving similar results.