OIL CRISIS VIDEO-Peak Oil Introduction

[jetflyer]

I think peak oil is just one problem facing mankind in the U.S. and world.

Social security and medicare and the out of control financial deficits and trade imbalance are just as large of problems which couldn't be coming at a worse time.

There is a housing bubble that couldn't be coming along at a worse time.

Jim Puplava, at financialsense.com says that with peak oil and the many other economic problems coming at the same time that we're going to face a perfect finacial superstorm that will probably lead America into the next Great Depression. I think this is very likely and that the U.S. dollar is going to be devalued a lot in the near future because of the global imbalances that even the World Bank, the G8 countries, and the International Monetary Fund say are out of control and need to be fixed. The IMF even said that they had a goal to devalue the U.S. dollar by 33-50% to fix the global financial imbalances.

The U.S.'s dominance as the sole economic superpower is probably going to come to an end. The rest of the world is going to catch up very quickly in my opinion.

Jet

 

[caliginousface]

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.

I don't know if you can debunk something all energy analysts study.

I'll keep that in mind though when/if I read "The Long Emergency." The "Limits to Growth" book is supposed to be a pretty good book.

 

[caliginousface]

I think peak oil is just one problem facing mankind in the U.S. and world.

For sure. I want actually want to leave the country eventually and live "the simple life."

The U.S.'s dominance as the sole economic superpower is probably going to come to an end. The rest of the world is going to catch up very quickly in my opinion.

Jet

I think the US's days as a superpower period is coming to an end.

 

[jetflyer]

The thing is the peakoildebunked blogger thinks peak oil is coming. He doesn't dispute that. He even thinks we're close to peak oil now.

He is just an optimist about it and thinks it will be a non-event like Y2K. He is debunking basically the theories that we're going to be back in the stone age after this is over.

I happen to think it won't be cannibalism and doomsday either, but much worse than him.

 

[jetflyer]

I forgot to mention the tapped out U.S. consumer with a negative savings rate now. Our savings rate has only been lower in the great depression!

Raise the interest rates and readjust people's ARM Home loans upwards just 1% on a $500,000 home and that takes $5,000 more out of people's pockets every year! Raise the ARM loans 3-4 percentage points and these people are crippled financially and probably will be filing bankruptcy.

Oh but the bankruptcy laws were just changed. Did the credit card companies that lobbied for this know something!?

Also consumers were using their homes as ATMs for a long time. That is ending and is going to take a lot of money out of everyone's hands.

The economy couldn't be in worse shape to face the peak oil problem.

God help us and let all this be like the peakoildebunked guy says a non-event!,
Jet

 

[caliginousface]

God help us and let all this be like the peakoildebunked guy says a non-event!,
Jet

I hope he's right too. If this is all a non-event, I don't think it should take an energy crisis to get people to conserve and demand energies that are better for the environment.

However, the only the way I think this can be a non-event is if quite a bit of progress is made within in the next 5 years for alternate fuels and energy sources. I don't think this is going to happen and because of this I don't think it will be a very smooth life for anyone anywhere, as if it already is.

Well, this can be said for every other period of time, but it will be quite interesting couple of decades we have coming up.

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.

Wouldn't be a DAMN bit suprised.

 

[shooter]

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.


Jet

But our President told us on TV that there is no scientific evidence of global warming. So peak oil must not be here, or even close.

What a tool

 

[caliginousface]

But our President told us on TV that there is no scientific evidence of global warming. So peak oil must not be here, or even close.

What a tool!

All hail the leader, no questions asked.

 

[SPilot]

I also think the renewed interest in Global warming ...

What renewed interest in global warming? Since 1998 until now, the median temperature hasnt increased at all. The only interest I've seen in global warming lately, is scientists trying to cover up the mess left behind by the previous generation of scientists, and down-grade the horror claims about sudden death temperature increases. New studies have shown a far greater correlation between sun radiation and temperature increases, than between industrial polution and temperature increases. Really sad to see that previous scientists have been biased in their research, and also a scary example of how these premature scientific statements have led to "polution tax" and "emission fees" in some european countries. It seems the global warming hype is just another excuse to build beuracracy and find new ways to justify taking people's money with government sanctioned force.

That aside, I'd be happy to breath fresher air. Walking or driving behind a large V8 SUV stinks, regardless of polution hazard.

I've seen several american politicians propose the solution to the high oil price is to add a 15% tax on the oil company profits. Do they seriously think oil and gasoline will be cheaper then? Or do they just want to steal a piece of the profits arising from the present situation?

 

[caliginousface]

I've seen several american politicians propose the solution to the high oil price is to add a 15% tax on the oil company profits. Do they seriously think oil and gasoline will be cheaper then? Or do they just want to steal a piece of the profits arising from the present situation?

You might be onto something because instead of a tax they should just stop subsidies.

 

[jetflyer]

I found another great PEAK OIL Introductory Documentary from Australia:
http://abc.net.au/4corners/special_eds/20060710/

This documentary looks great. It has DOE expert Robert Hirsch, the godfather of the modern peak oil movement Colin Campbell, and many other experts.

This looks like a must watch. It looks very professionaly done and I'm going to watch it tomorrow when I get time. I have to sleep now. If you guys watch it before me, please feel free to give your reviews.

Adios,
Jet

 

[Tex]

Here's two interesting links. Draw your own conclusions.

http://http://www.youtube.com/watch?v=qScZj7Mz0k0

http://http://www.youtube.com/watch?v=LbUikm5q7p4

 

[Wiggums]

Fixing the links from Tex:

Tbe Oil Factor Part 3
http://www.youtube.com/watch?v=qScZj7Mz0k0

The Oil Factor
http://www.youtube.com/watch?v=LbUikm5q7p4

 

[Wiggums]

If unrestricted exploration and production of oil and natural gas were to be allowed on the Continental Shelf of the United States the price of a barrel of oil would drop by $20.00 just on the announcement.

The House actually passed a act allowing exploration of the OCS last month. Hopefully the Senate will pass it also. There is potential of 19 billion barrels of oil in the OCS (current US reserves are about 21 billion barrels). However, it takes years to map and drill test wells, and then many more years to bring a find into production.

Washington Times Editorial: Oil exploration and the Senate
http://www.washtimes.com/op-ed/20060710-082053-1657r.htm

 

[caliginousface]

I've watched all parts of those vids you linked Tex, definitely stuff to think about.

I don't like the "lets hold off on promoting alternatives right now and see if we can find more fields" thinking. Oh well, hopefully there are no spills.