We are entering the Peak Oil era. The growth of oil production is slowing, driving up oil and gasoline gas prices, firing inflation, driving unemployment, straining our global economy, and threatening to collapse our entire system. We are reaching Peak Oil and we are unprepared. Teacher Aaron Wissner, in a compact 10 minutes video summary, details Peak Oil, the evidence, the impacts, and the solutions. See the full one-hour video at LocalFuture.org. Also, at YouTube, see the conclusion, of that presentation, part 5 of 5, which highlights the impacts, underlying problem, and solutions to Peak Oil.
Duration : 0:10:0
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July 28th, 2009 at 3:14 am
hey, im doing a …
hey, im doing a presentation in my economics class and i wanted to include your video. i was wondering if it was possible for me to somehow download it, or if you could maybe send it to me?
July 28th, 2009 at 3:14 am
That’s a great …
That’s a great question.
Dubai did have a huge construction boom. They had lots and lots of very skilled workers from other countries coming in to do the construction. I know they employed some more local workers, but a lot of it was fairly skilled.
Once the oil price collapsed, most of these foreign workers left for home, going so far as to abandon their cars at the airport. The projects stopped, many apparently at a standstill.
July 28th, 2009 at 3:14 am
but this is kinda …
but this is kinda strange, since more and more money goes to the arab countries, then shouldnt those countries be developing at a super high rate, creating more jobs, and thus opening the doors for imigrants….but still the arabs and other middle eastern people come to Europe and other western countries. Why is that?
July 28th, 2009 at 3:14 am
Technically, the …
Technically, the peak oil era began in the 70’s, because that is when the barrels of oil consumed, per person on Earth, began to slow its growth, and begin to decline.
Ignoring population, peak oil for regular oil that comes up the pipe on its own was probably in the 2005-2007 range.
For the amount of oil available on the export market (important for oil importers like the USA), that peaked prior to 2005.
Even including most everything, the peak was either 2007-2008, or quite soon.
July 28th, 2009 at 3:14 am
thanks man
i have …
thanks man
i have a competition and this has helped me understand and get the information i need
and i think that the oil peak era will happen soon, right? answer quickly please and thanks
July 28th, 2009 at 3:14 am
The first trillion …
The first trillion barrels of oil that has been consumed has been primarily of the ‘cheap easy’ variety.
The next trillion barrels is not so cheap and easy. Current estimates place the cost at between US$80 and US$150 per barrel to exploit.
There could be an answer to the problem as far as the physical requirements of an increasing world population is concerned – while reducing the environmental impact at the same time
The bigger problem however is this. Could mankind handle it responsibly?
July 28th, 2009 at 3:14 am
the energy density …
the energy density of oil is FAR GREATER than any of the other sources you mentioned…so no matter how you slice it, the future will be SHORT on energy…not even considering population growth!!! THAT will only make it WORSE for those living in that time…it won’t be fun.
Learn how to grow your own food…or get to know some people with enough land to grow food. Small communities are going to survive and city dwellers are screwed.
July 28th, 2009 at 3:14 am
The amount of oil …
The amount of oil being pumped out of any given well starts slow, and increases up to a maximum (steady) flow rate. But as the pressure in the well declines, the flow rate slows, and eventually it becomes necessary to inject water or something else down another well to wash out the remaining oil. Throughout this process, the amount of oil coming out declines, although very slowly.
You could think of this as similar to drinking an Icee or snow cone. It doesn’t drop off all at once.
July 28th, 2009 at 3:14 am
i dont get it,,,,,, …
i dont get it,,,,,,,
why is there a decline in production long before it runs out?
shouldn’t production continue to rise up untill the point that it runs out?
like if im drinking a bottle of water i dont have difficulty drinking the end of it, i can drink as fast when the bottle is nearly empty as when it was full
am i missing something?
July 28th, 2009 at 3:14 am
Damn, even are …
, even are computers made of petroleum. Peak Oil may drive higher employment levels as it will take man power to plow fields. We are dependent on the glboal economy, we may no longer be able to get our favorite fruits or veggies that are in season year around thanks to our highly connected world made possible by oil. LOL you can’t ask people to conserve, we are a generation of instant gratification. If children can’t wait until high school to lose virginity how can they possibly do this?
July 28th, 2009 at 3:14 am
No doubt. But…. …
No doubt. But….doesnt change the FACT that the Earth’s fossil fuel’s are EXACTLY(not really) like a nice..chilled..pint of beer…mmmmm…every delicious gulp, and yu’ve got that much less
No doubt that traders might exploit the situation…but they exploit every situation dont they?
I dont blame yu for denying the logic. Its…difficult to accept.
July 28th, 2009 at 3:14 am
The world will not …
The world will not run out of oil but the world will run out of cheap oil. that should ring the bell but I guess it doesn’t that is why had dotcom bubble, real estate bubble, commodities bubbe, oil bubble and other….
July 28th, 2009 at 3:14 am
1. Oil is …
1. Oil is nonrenewable, therefore, there must be a peak. To believe otherwise is known as “magical thinking”.
2. Running out is not the issue. If oil production follows the normal curve, then the last drop won’t be got for a hundred years or more. The issue is that the amount of LIQUID energy fuel that works in our current infrastructure will become less and less available, and that will wreck the global economy. The past few years are a case in point.
July 28th, 2009 at 3:14 am
1) peak oil is a …
1) peak oil is a fake concept, 2) if we run out of oil we’ll find an alternative energy to replace it, ie liguid gas and coal. Oil investors like to use peak oil to make accept high oil price.
July 28th, 2009 at 3:14 am
good presentation. …
good presentation. oil like any other resource is limited. while we wont see life ending, living AS WE KNOW IT right now certainly will be replaced by another way of living. anglo saxon concept of capitalism is one of the main reasons for this situation. every system attains equilibrium whether it likes it or not, humans will too.
July 28th, 2009 at 3:14 am
no body spoke of …
no body spoke of the end of oil. the theory is called peak oil because it is the idea that oil AT THE CURRENT prices is the cheapest available resource and will NOT continue to remain cheap. Per your argument, if oil producing countries cut production 2 things happen, prices go up and resources dry up and with it everything that depends on oil (which is everything) . Many opec countries depend on oil as their only source of national income. cutting production is a diccicult decision for them.
July 28th, 2009 at 3:14 am
According to you, …
According to you, it is obvious we have plenty of oil otherwise they wouldn’t have reduced the price so drastically. Once again, if oil were limited and world couldn’t move without it then all they had to do was reduce production, stored the left over, when the demand came back, which it had too because of China and India, then oil can continue to climb. But this not the case, now oil is cheaper than it was in 1974.
July 28th, 2009 at 3:14 am
Keep in mind that …
Keep in mind that there are other factors which confound the prices, some of which we know, and some which we do not. One thing that can be factored in that their is oil in storage. When demand decrease unexpectedly this summer, the amount in storage began to increase. This sent a signal to the market as to the price. Then, OPEC claimed to cut back on their exports, and yet the demand fell faster. With demand for those exports even 1% less than the export supply, the price fell.
July 28th, 2009 at 3:14 am
If oil appraoches …
If oil appraoches maximum rate of production then the elasticity concept doesn’t applies to the demand and supply equation because even if the demand decreases temporarily, the supply continues to decrease until its gone. If this is the case, then oil producers just cut rate of production and they can maintain their high prices. It doesnt make any sense to give away precious non-renewabel resource like oil just because the demand goes down alittle.
July 28th, 2009 at 3:14 am
Some people do …
Some people do believe that oil is magically created. If a person believes that, then it is logical that they dismiss the idea of a maximum rate for oil production.
Of course, we don’t live in a magical fantasy land. This is reality. Oil is limited. It is non-renewable. And once it is burned up, it is gone… a.k.a. it is non-recycleable.
For every state in the USA, oil has peaked. For most of the nations of the world, oil has peaked. Peak oil is innevitable. It is reality.
July 28th, 2009 at 3:14 am
Yes, there are lots …
Yes, there are lots of good videos out there. The Power of Community is particularly effective because if focused on realistic, down-to-earth solutions.
July 28th, 2009 at 3:14 am
And interesting way …
And interesting way to put it. Yes, this “battle” is, and yet the “war” has been going on for generations.
July 28th, 2009 at 3:14 am
This is an …
This is an interesting question, which I believe is “If the global oil supply is reaching the peak, why did the price drop so much?”
This has to do with something called “elacticity”. For oil, if there is excess production, the price drops rapidly. If the demand exceeds production, the price rises rapidly.
For oil, the elacticity is about 20. In other words, if the demand falls below production by about 1%, then the price will fall about 20%.
July 28th, 2009 at 3:14 am
If oil is magically …
If oil is magically created by the Earth then perhaps there would not be a peak.
Fortunately for us, oil is NOT created by magic, and instead it is a finite, non-renewable, exhaustible resource. The “downside”, so-to-speak, is that production WILL peak, as does the production of ANY non-renewable resource.
Peak oil has already happened to states, and to countries, and when the number of countries past peak overwhelm those that are still increasing production, peak oil will occur.
July 28th, 2009 at 3:14 am
yes, thanks to a …
yes, thanks to a hoax like that is why the oil was 150 per barrel and gas was 4/gallon. Now that the oil price inflation stopped, you don’t hear anymore peak oil. If oil is peaking then the oil price should remain high even if the demand goes down a little. In this case the oil fell 80%. This doesn’t make any sense. There is no such thing as oil peak. If it was the price would have been high