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OIL CRISIS VIDEO-Peak Oil Introduction

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One of the most worrying things about peak oil is that you very rarely hear any suggesting conservation as part of a solution to peak oil. Does anyone else feel that Americans using more oil per person then people from any other nation slightly disturbing? Is our way of life more fulfilling then say the average European, who uses half the oil that we do?

The explanation of our higher energy prices simple comes down to supply and demand. Supply has been level for about two years now, and it doesn't look like any new capacity is coming on line. Solutions such as oil shale, CTL, and biomass are years away. Demand however is steadily increasing, mostly from nations such as India and China. Higher prices will have the effect of reducing demand to some degree, however, demand for energy is highly inelastic. While you could reduce your demand for gasoline some, I'll willing to bet that most of the trips made by car in this country will happen no matter if fuel is $3, $4, or $5 per a gallon.

The solution to our energy problems will come from some sort of combination of nuclear, solar, wind, CTL, GTL, biomass, oil shale, tar sands, and maybe something else I haven't left out. However, the way we live is going to have to change also. Our SUVs, 3500sq ft homes, and unsustainable communities are going to go away or change as energy becomes costly and limited in availability.

Unfortunately, our current government, including both Democrats and Republicans have been completely ineffective in education the American public on the possibility the oil will be scarce in the near future. In fact, it is almost repulsive how politicians from both sides of the Ilse pander to the public by trying to blame oil companies for high prices, instead of suggesting that the problem might be more related to the inelastic demand for oil and the supply problems caused by fueling H2s. However, the American public is to blame also, surveys show that for every one American that believes higher gas prices are related to supply and demand issues, three believe that price increases are caused by unethical behavior.

So here is my suggestion, no matter if you believe in the near term peaking of oil or not, conservation is both the ethical and economically sensible action to take in the near term. Simple things such as replacing light-bulbs with CFLs, turn the air conditioning up a few degrees, and combining errands into one trip will save you money and help make a easier transition for everyone when energy prices really do start to rise. In the long term we need to develop more sustainable communities, public transit, high-speed rail links, and some way of transporting freight other then our interstate highway system.
 
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Wiggums said:
One of the most worrying things about peak oil is that you very rarely hear any suggesting conservation as part of a solution to peak oil. Does anyone else feel that Americans using more oil per Capetian then people from any other nation slightly disturbing? Is our way of life more fulfilling then say the average European, who uses half the oil that we do?

Yeah man, 26% of the worlds oil is a lot of consumption. I agree, it is disturbing.

The solution to our energy problems will come from some sort of combination of nuclear, solar, wind, CTL, GTL, biomass, oil shale, tar sands, and maybe something else I haven't left out. However, the way we live is going to have to change also. Our SUVs, 3500sq ft homes, and unsustainable communities are going to go away or change as energy becomes costly and limited in availability.

Agreed. My sister drives a mile to the grocery store, people throw plastic bottles and aluminium cans and paper products inthe trash. All these housing tracts should be built as super efficient solar homes, not ineffcient stick and frame crap piles.

Unfortunately, our current government, including both Democrats and Republicans have been completely ineffective in education the American public on the possibility the oil will be scarce in the near future. In fact, it is almost repulsive how politicians from both sides of the Ilse pander to the public by trying to blame oil companies for high prices, instead of suggesting that the problem might be more related to the inelastic demand for oil and the supply problems caused by fueling H2s. However, the American public is to blame also, surveys show that for every one American that believes higher gas prices are related to supply and demand issues, three believe that price increases are caused by unethical behavior.

Nothing matters when energy is cheap.

So here is my suggestion, no matter if you believe in the near term peaking of oil or not, conservation is both the ethical and economically sensible action to take in the near term. Simple things such as replacing light-bulbs with CFLs, turn the air conditioning up a few degrees, and combining errands into one trip will save you money and help make a easier transition for everyone when energy prices really do start to rise. In the long term we need to develop more sustainable communities, public transit, high-speed rail links, and some way of transporting freight other then our interstate highway system.

I really don't think people see that changes need to be made until it's too late. Like another poster said, building high speed rail and restructuring our current fuel infrastructure will take time, and the time to start was years ago.
 
I don't know how accurate this is, but it was interesting

www.commutefaster.com/Energy.html

In the "political actions" column it mentions something about a leaked BP memo saying that their Alaska reserves could supply the US for 150 years. Like I said, I don't know how serious to take it, but it was interesting

I also saw an article a few weeks ago (don't have a link, sorry) saying that a new technique using nanotechnology has been developed that could double or triple the amount of oil recoverable from a field (right now only about 35% of an oil in any field is recoverable). Personally though, I'm all for a crash program to develop switchgrass based butanol. We could use switchgrass to make 100 billion gallons a year of biofuels without touching the food supply, and butanol doesn't have the big fuel efficiency drop off that ethanol has. I've also read that several auto companies are fairly close to marketing plug-in hybrids.
 
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jetflyer said:
A great 27 minute audio interview, taped July 8th, with the author of a new peak oil book can be found here:
http://www.financialsense.com/Experts/2006/Leggett.html

The author is named Jeremy Leggett
His new book is: "The Empty Tank: Oil, Gas, Hot Air, and the Coming Global Financial Catastrophe"

His bio says he is "an internationally renowned geologist and energy entrepreneur who spent the 1980s working for Big Oil, that sounds the alarm about an unprecedented crisis."

He says, "A new Manhattan Project for energy can save us if we can wake up and confront the problem directly." I hope people do wake up and this happens.

It is a good interview. Please take the time to listen,
Jet

I listened to it, and wow. You know I don't get people though. You can tell them all kinds of things to prepare for, or suggest that conservation is key to sustainability, but no one will give a damn. Why not conserve more now? Why not start building high speed efficient rail? WHY NOT SHOW HOUSING DEVELOPERS HOW BENEFICIAL PASSIVE SOLAR HEATING IS.

The cool thing many of us will start to see is high MPG diesel vehicles coming out. The gov't is to give tax breaks for these vehicles as they will be very efficient, and using cleaner burning diesel. While we're not getting off the fossil train yet, we're making progress, but slowly.
 
SPilot said:
Whooah! My energy stocks are gonna soar.
Actually I heard earlier that today's rise in oil prices didn't carry energy stocks along with it. But who knows, it could all change tomorrow.
 
I decided to watch the ABC video from Australia again and realized I'm pretty dumb :) One of the experts in the video is Jeremy Leggett who is the author in the 27 minute interview with Jim Puplava!!

His book seems pretty good. I've skimmed it in a bookstore in an airport and thought it was ok. It's just that if you've read a couple you start to feel like you've read them all. I've read about 7 peak oil books and skimmed many of them out of the 50+ out there. They all take different approaches to the topic, some are doomers, some are optimists, some think we'll see wars, some hope for peace and cooperation, some theorize the economic consequences, and all try to give solutions.

Here are the links again:
Australia ABC video that is 13 minutes long.
Here is the link:
http://www.informationclearinghouse....ticle13112.htm

A great 27 minute audio interview, taped July 8th, with the author of a new peak oil book can be found here:
http://www.financialsense.com/Experts/2006/Leggett.html
The author is named Jeremy Leggett
His new book is: "The Empty Tank: Oil, Gas, Hot Air, and the Coming Global Financial Catastrophe"
One of the most interesting and amazing parts of the ABC video is what Eric Streitberg, Managing Director of Arc Energy, says he asked at the Australian Petroleum Production and Exploration Conference.
Eric, when he had the podium, asked at the conference for those that thought we had reached peak oil to raise their hands and 50% of the practicing petroleum industry professionals in the audience thought we were at peak oil!!


Ladies and Gentlemen that is scary! If this is true then the DOE study comes into play on what it could mean to our economy. I honestly think we'll see a bad economy and serious resource wars before this is over. Keep watching Russia, their natural gas company Gazprom, the Middle East, Venezuela, Nigeria, Colombia, China, and other players with oil or like ourselves hungry for oil. Oil is the main driver or a major part of almost everything going on. Keep watching the world. The geopolitics are going mad.

I also think the renewed interest in Global warming is a nice way to say "GET OFF OIL" without panicing people that peak oil is here.

Let's hope those 50% of petroleum professionals that think we're at peak oil are wrong or the future is going to be interesting.

Jet
 
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jetflyer, which books have you read? I'm not much of a reader but serious stuff i'll read. I was looking to pick up "The Long Emergency," "Limits to Growth: The 30 Year Update," Professor Deffeyes book, and the End of Suburbia DVD. I'm waiting to complete my CFI so I can have some money to buy this stuff though.
 
I'm going to add Amazon.com links to the books I'm recommending for those of you interested in looking into them. Plus the reviews at amazon.com from other readers will surely be better and more in depth than mine. I also own "The End of Suburbia" and two other Peak Oil documentaries.

The Long Emergency is a good book. I've read it. It lays out many of the problems mankind is facing in the coming years especially peak oil and how it's going to be a slow worsening of our way of life.

Twilight in the Desert : The Coming Saudi Oil Shock and the World Economy Great book written by Cheney and Bush advisor Matthew Simmons. He is one of the most outspoken people on this topic and has appeared on CNBC many times, Fox News, CNN, and MSNBC. This book is very educational on oil production methods. For this alone it is a good read. It also mainly deals with Saudi Arabia and how they're probably at peak now.

The End of Oil : On the Edge of a Perilous New World This was the first book I ever read. Very optimistic book. Paul Roberts when he wrote this was under the impression that we had 10 years till peak oil. He's said lately that we're within less than 3 years. He has become much more doomer after he wrote this.

The Coming Economic Collapse : How You Can Thrive When Oil Costs $200 a Barrel This book lays out the problem very well and is actually a sequel to a more optimistic book written a couple years back that I read where he thought we had time. He now thinks it's too late and that we're going to collapse economically. He lays out a very convincing case.

A Thousand Barrels a Second : The Coming Oil Break Point and the Challenges Facing an Energy Dependent World Very great book showing from history that oil constraints cause economic hard times. He examines in depth the oil embargoes of the 1970's and gives his take on what peak oil will do to the economy in the future.

Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil ULTIMATE Conspiracy theory book. He thinks 9/11 intelligence had been received as many as 6 months beforehand and 9/11 was ALLOWED to happen by the neocons so that we could have a new PEARL Harbor to give us a reason to go into the middle east and gain control of where the last remaining oil reserves of the world are. Very convincing case and the evidence is amazing. This is definitely a possibility. If he is correct we're going into Iran and it's unstoppable. Also we may according to him be fighting China in the future to maintain the status as the lone superpower of the world.

Search Peak Oil at Amazon.com and read the reviews is the best advice I could give.
That new book by Jeremy Leggett also looks good: The Empty Tank: Oil, Gas, Hot Air, and the Coming Global Financial Catastrophe

Knowledge is power,
Jet
 
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caliginousface said:
jetflyer, which books have you read? I'm not much of a reader but serious stuff i'll read. I was looking to pick up "The Long Emergency," "Limits to Growth: The 30 Year Update," Professor Deffeyes book, and the End of Suburbia DVD. I'm waiting to complete my CFI so I can have some money to buy this stuff though.

James Knustler, the author of "The Long Emergency" is a little too radical for my taste. He also predicted the end of the world due to Y2k, which as know isn't what happened. I would try to stay away from the Knustler/Saviner crowd that say our world as we know it is going to end.

An interesting read is this blog:
http://peakoildebunked.blogspot.com/

Unlike most counter peak oil sites that come up with crazy ideas such as abotic oil and hydrogen economy, this site has some common sense solutions.
 
Wiggums,
The author of that site is a longtime optimist that goes by "John Denver" at Peakoil.com and I think he said he was going to quit posting on that blog. I'll check into it. He said he was quitting because peak oil seemed like it was going to be a non-event and he was getting bored. Something to that extent.

EDITED TO ADD: I checked his site. I guess he decided to start blogging again. He's there.

I personally think he's wrong, and that it will be a very significant event in mankind's history. We haven't even began a decline in oil production yet.

You are right though and it is very good and important to see what the optimists say.
Of the books I posted the largest optimist would have to be Peter Tertzakian the author of the "1,000 Barrels a Second" book. It would be a great first read for anyone. He still thinks we'll see very hard economic times but that we'll work through them.

Jet
 
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I guess my point is that the future lies somewhere between John Denver and Matt Saviner.

Much is going to depend on how easily the American people adapt. Honestly, we could live on half the food and half the fuel that we use today. Sure, you'd drive a Civic instead of a Tahoe, and be eating beans instead of steak, but life would go one. However, if people have to led kicking and screaming into a new, energy poor future, then this is where we could see large civil unrest.
 

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