Our global economic system is dependent on a growing energy, and most importantly, oil supply.
Without growth in energy, the money supply can not grow (for long), which leads to a situation where the money supply stops growing, leading to economic recession.
When the USA hit its peak oil production in 1970, there were a series of economic impacts, including recession, abandoning the gold standand, high unemployment, and high inflation.
Global peak oil extraction appears to have happened in the 2005-2008 time frame, and had a large contributing effect on stressing the global economic system to the verge of collapse. The run up in gas gasoline prices during that same era impacted the economic system severely.
The US Government and many others have examined the global peak oil issue and have come to the sobering conclusion that severe economic impacts are inevitable, and we are unprepared.
Future oil prices may be driven up by the stagnant or declining supply, and then collapsing down as economic dislocation occurs.
This is the second part of a 30 minute talk by Aaron Wissner about our Local Future.
Duration : 0:10:5
[youtube 57Ezusjzi54]
November 13th, 2009 at 7:25 pm
I agree with …
I agree with Jeffc1320 – it’s refereshing to see the topic of peak oil discussed without the drama. Thank you for this pragmatic and informative presentation – the speaker is easy to listen to. Unfortunately I firmly believe we’re seeing the beginnings of the decline. I firmly believe the spike in oil prices last year was what ultimately tipped over a very wobbly financial sector. Now, oil prices spike higher along with any positive economic news. How can people still not get it.
November 13th, 2009 at 7:25 pm
Nonsense. It’s a …
Nonsense. It’s a much more compelling argument when you stick to facts and avoid hyperbole. You did quite well. Emotion is what the pro-free market nay-sayers will point to as some form of “agenda.” It’s what they do. These are the same kinds of people who still blame the entire global financial meltdown on nothing more than relaxed liberal lending practices. They’re that dumb.
November 13th, 2009 at 7:25 pm
Oil is the master …
Oil is the master resource in specific, at least in the US economy and most of the industrial world.
More generally, energy is the master resource, whichever form or source of energy is critical for the stability of the economy in question for that community/culture.
November 13th, 2009 at 7:25 pm
what is the master …
what is the master resource?
November 13th, 2009 at 7:25 pm
We were never …
We were never supposed to be on oil to begin with – cars were designed to run on hemp.
November 13th, 2009 at 7:25 pm
Yes, you are …
Yes, you are undoubtedly right about that. My presentation style tends to be rather flat unless I’m focusing on it specifically. I’ll try to keep that in mind for the next go.
November 13th, 2009 at 7:25 pm
As long as we look …
As long as we look to petro for energy needs we are doomed. We can grow enough hemp on unused federal land to supply our energy needs. HEMP FOR VICTORY: A GLOBAL WARMING SOLUTION The problem is the solution is illegal.
Great research but please take off your blinders concerning hemp biofuel, magnetic (Bruce DePalma’s N-Machine) and hydro energies.
November 13th, 2009 at 7:25 pm
Good video although …
Good video although the presentation would benefit from more emotional range in the delivery. Just some advice on how to present your great work even more powerfully. Good job.
November 13th, 2009 at 7:25 pm
Thanks!
Thanks!
November 13th, 2009 at 7:25 pm
Yes, I uploaded the …
Yes, I uploaded the money talk first… I labeled it…
Money Creation & Destruction, Gas Prices, Peak Oil & the Economic Crisis
November 13th, 2009 at 7:25 pm
Did you talk “about …
Did you talk “about money”( since 10:02) in another vid?
November 13th, 2009 at 7:25 pm
I’m looking forward …
I’m looking forward to the economic collapse. Imagine all of the sexual favors one could procure with simple food items!
November 13th, 2009 at 7:25 pm
Great video, one of …
Great video, one of the best