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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.
 
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
 
Wiggums said:
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.
 
jetflyer said:
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.
 
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.
 
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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
 
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jetflyer said:
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.
 
jetflyer said:
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
 
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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?
 
SPilot said:
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.
 
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
 
con-pilot said:
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
 
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.
 

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