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<channel>
	<title>Oil Production &#187; gasoline</title>
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	<link>http://www.e-peakoil.com</link>
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		<title>Peak Oil &amp; Climate Change Conference: Path to Sustainability</title>
		<link>http://www.e-peakoil.com/global-oil-production/peak-oil-climate-change-conference-path-to-sustainability-2</link>
		<comments>http://www.e-peakoil.com/global-oil-production/peak-oil-climate-change-conference-path-to-sustainability-2#comments</comments>
		<pubDate>Thu, 15 Apr 2010 00:51:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[global oil production]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[depletion]]></category>
		<category><![CDATA[diesel]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[future]]></category>
		<category><![CDATA[gas]]></category>
		<category><![CDATA[gasoline]]></category>
		<category><![CDATA[hubbert]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[local]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[petrol]]></category>
		<category><![CDATA[petroleum]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[prices]]></category>
		<category><![CDATA[stagflation]]></category>

		<guid isPermaLink="false">http://www.e-peakoil.com/global-oil-production/peak-oil-climate-change-conference-path-to-sustainability-2</guid>
		<description><![CDATA[Gasoline prices are rising. Food prices are rising. Mortgage payments are rising.
Things are getting tight all around.
Global oil exports have peaked, and the world is now entering an unprecedented energy transition that taking the world economy by surprise.
How will declining oil exports impact individuals, businesses, communities and entire nations?
How do economy, energy, and environment relate [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/q37-4Ud6gRs/2.jpg" align="left">Gasoline prices are rising. Food prices are rising. Mortgage payments are rising.</p>
<p>Things are getting tight all around.</p>
<p>Global oil exports have peaked, and the world is now entering an unprecedented energy transition that taking the world economy by surprise.</p>
<p>How will declining oil exports impact individuals, businesses, communities and entire nations?</p>
<p>How do economy, energy, and environment relate to each other and foretell the challenges of tomorrow?</p>
<p>Join with a broad array of professionals, community leaders, politicians, and concerned citizens to explore the causes of these economic changes. Learn how the economy responds to climate change, biodiversity loss, population growth and other factors of global importance. Find out what can be done to prepare and build resilience for this uncertain future.</p>
<p>Come to &#8220;The International Conference on Peak Oil and Climate Change: Paths to Sustainability&#8221;. Featuring over 40 speakers, including high-powered, international presenters Richard Heinberg, Dr. David Goodstein, Megan Quinn Bachman, Julian Darley, Stephanie Mills and Pat Murphy, the uncertainties of economy, energy, and climate will be illuminated in this important and timely gathering.</p>
<p>The event begins on Friday evening, May 30 and continues through Sunday, June 1, 2008. The venue is the Fine Arts Center of Calvin College in Grand Rapids, Michigan. Registration is now open and includes full access to the conference, as well as lunch on both Saturday and Sunday.</p>
<p>Space is limited.  Register now for this unique and timely conference on the economy, energy and our environment.</p>
<p>For more information and to register, please visit:</p>
<p>http://www.SustainabilityConference.org</p>
<p>The conference will explore a vast array of issues including: gasoline prices, oil depletion, peak oil, hubbert peak, world oil production, diesel prices, petrol prices, oil exports, petroleum, climate change, global warming, overpopulation, population growth, overshoot, carrying capacity, biodiversity loss, mass extinction, unsustainability, foreclosures, mortgage rates, financial markets, stock market crash, depression, recession, inflation, deflation, stagflation, economic collapse, sustainability, local food systems, the future, renewable energy, permaculture, localization, localism, globalization, relocalization, and much, much more.  See the web site for more information.  Also available at:</p>
<p>http://www.PeakOilConference.org</p>
<p>Duration : <b>0:4:44</b></p>
<p><span id="more-836"></span><br />[youtube q37-4Ud6gRs]</p>
]]></content:encoded>
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		<slash:comments>18</slash:comments>
		</item>
		<item>
		<title>Salazar Says Alaska Oil Exploration May Begin by Summer: Video</title>
		<link>http://www.e-peakoil.com/crude-oil-production/salazar-says-alaska-oil-exploration-may-begin-by-summer-video</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/salazar-says-alaska-oil-exploration-may-begin-by-summer-video#comments</comments>
		<pubDate>Fri, 02 Apr 2010 23:22:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>
		<category><![CDATA[alaska]]></category>
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		<guid isPermaLink="false">http://www.e-peakoil.com/crude-oil-production/salazar-says-alaska-oil-exploration-may-begin-by-summer-video</guid>
		<description><![CDATA[March 31 (Bloomberg) &#8212; U.S. Interior Secretary Ken Salazar talks with Bloomberg&#8217;s Betty Liu about President Barack Obama&#8217;s plans to expand offshore oil and natural-gas drilling along U.S. coastlines.¶
     The President is expected to announce his proposal later today. Salazar speaks from the White House in Washington. (Source: Bloomberg)
Duration : 0:3:27
[youtube [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/6U67yf-FRb8/2.jpg" align="left">March 31 (Bloomberg) &#8212; U.S. Interior Secretary Ken Salazar talks with Bloomberg&#8217;s Betty Liu about President Barack Obama&#8217;s plans to expand offshore oil and natural-gas drilling along U.S. coastlines.¶<br />
     The President is expected to announce his proposal later today. Salazar speaks from the White House in Washington. (Source: Bloomberg)</p>
<p>Duration : <b>0:3:27</b></p>
<p><span id="more-799"></span><br />[youtube 6U67yf-FRb8]</p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Assemblymember Nava Speaks Out Against Offshore Oil Drilling</title>
		<link>http://www.e-peakoil.com/offshore-oil-production/assemblymember-nava-speaks-out-against-offshore-oil-drilling</link>
		<comments>http://www.e-peakoil.com/offshore-oil-production/assemblymember-nava-speaks-out-against-offshore-oil-drilling#comments</comments>
		<pubDate>Fri, 12 Mar 2010 21:17:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[offshore oil production]]></category>
		<category><![CDATA[access]]></category>
		<category><![CDATA[assembly]]></category>
		<category><![CDATA[barbara]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[ca]]></category>
		<category><![CDATA[california]]></category>
		<category><![CDATA[democrat]]></category>
		<category><![CDATA[drilling]]></category>
		<category><![CDATA[gallon]]></category>
		<category><![CDATA[gasoline]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[nava]]></category>
		<category><![CDATA[offshore]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[pedro]]></category>
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		<guid isPermaLink="false">http://www.e-peakoil.com/offshore-oil-production/assemblymember-nava-speaks-out-against-offshore-oil-drilling</guid>
		<description><![CDATA[(Sacramento)  Assemblymember Pedro Nava (D-Santa Barbara) joined many of his colleagues in the State Legislature to oppose a proposal to allow new oil drilling off the coast of California. During the floor debate on legislation (AB23xxxx) to allow the PXP/Tranquillion Ridge project to go forward Assemblymember Nava said, This bill is all about manipulating [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/f1PfjtNjiRE/2.jpg" align="left">(Sacramento)  Assemblymember Pedro Nava (D-Santa Barbara) joined many of his colleagues in the State Legislature to oppose a proposal to allow new oil drilling off the coast of California. During the floor debate on legislation (AB23xxxx) to allow the PXP/Tranquillion Ridge project to go forward Assemblymember Nava said, This bill is all about manipulating the budget crisis to create a windfall for one oil company and called it an historic reversal of decades of environmental policy. Heres more from Assemblymember Nava in this Assembly Access video.</p>
<p>Duration : <b>0:4:16</b></p>
<p><span id="more-724"></span><br />[youtube f1PfjtNjiRE]</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Peak Oil in 5 Slides (plus Gas Prices) by Aaron Wissner</title>
		<link>http://www.e-peakoil.com/world-oil-production/peak-oil-in-5-slides-plus-gas-prices-by-aaron-wissner</link>
		<comments>http://www.e-peakoil.com/world-oil-production/peak-oil-in-5-slides-plus-gas-prices-by-aaron-wissner#comments</comments>
		<pubDate>Sat, 06 Mar 2010 22:00:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[world oil production]]></category>
		<category><![CDATA[cost]]></category>
		<category><![CDATA[costs]]></category>
		<category><![CDATA[depletion]]></category>
		<category><![CDATA[diesel]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[fuel]]></category>
		<category><![CDATA[future]]></category>
		<category><![CDATA[gas]]></category>
		<category><![CDATA[gasoline]]></category>
		<category><![CDATA[hubbert]]></category>
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		<category><![CDATA[Peak]]></category>
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		<category><![CDATA[rising]]></category>
		<category><![CDATA[wissner]]></category>

		<guid isPermaLink="false">http://www.e-peakoil.com/world-oil-production/peak-oil-in-5-slides-plus-gas-prices-by-aaron-wissner</guid>
		<description><![CDATA[Gas prices are rising, at this rate, the average price of gasoline in the USA will rise from $4 per gallon to $10 per gallon in less than seven years.
Oil prices are also rising, and if they continue going up at this rate, will be $1,000 per barrel within 10 years.
What is causing gasoline, diesel, [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/n4QcFzbgXF8/2.jpg" align="left">Gas prices are rising, at this rate, the average price of gasoline in the USA will rise from $4 per gallon to $10 per gallon in less than seven years.</p>
<p>Oil prices are also rising, and if they continue going up at this rate, will be $1,000 per barrel within 10 years.</p>
<p>What is causing gasoline, diesel, propane, fuel oil, petroleum and oil prices to rise so quickly?</p>
<p>The answer is that demand is increasing all over the world, everywhere, but at the same time, world oil supply is NOT increasing.  In fact, world oil supply was &#8220;stuck&#8221; at under 85 million barrels per day for over three years.</p>
<p>We may be at peak oil.  The economic impacts we have seen may just be the beginning.</p>
<p>Using his renown &#8220;Peak Oil in Five Slides&#8221;, Aaron Wissner explains what is going on, and how rising prices are related to stagnant oil supply.</p>
<p>For more videos, visit:</p>
<p>http://localfuture.org</p>
<p>This video comes from &#8220;The International Conference on Peak Oil and Climate Change: Paths to Sustainability&#8221;.</p>
<p>http://sustainabilityconference.org</p>
<p>Feel free to copy and share with others.</p>
<p>Duration : <b>0:2:48</b></p>
<p><span id="more-689"></span><br />[youtube n4QcFzbgXF8]</p>
]]></content:encoded>
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		</item>
		<item>
		<title>A New Analogy for Peak Oil and Gas Prices</title>
		<link>http://www.e-peakoil.com/oil-production-peak/a-new-analogy-for-peak-oil-and-gas-prices</link>
		<comments>http://www.e-peakoil.com/oil-production-peak/a-new-analogy-for-peak-oil-and-gas-prices#comments</comments>
		<pubDate>Sun, 31 Jan 2010 22:14:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[oil production peak]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[gas]]></category>
		<category><![CDATA[gasoline]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[Peak]]></category>
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		<category><![CDATA[renewable]]></category>
		<category><![CDATA[Sands]]></category>
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		<guid isPermaLink="false">http://www.e-peakoil.com/oil-production-peak/a-new-analogy-for-peak-oil-and-gas-prices</guid>
		<description><![CDATA[Peak Oil is the point of maximum production rates&#8230; it is not about &#8220;Running out of oil&#8221;
When peak oil production is reached, and demand for oil continues to soar. Then the price of oil will continue to go up.
Links in the Video:
Bakken Formation (wiki): http://en.wikipedia.org/wiki/Bakken_Formation
Video on Energy-Return-Over-Invested: http://www.youtube.com/watch?v=ztgz-QOOrs8
Duration : 0:5:26
[youtube azynuzZju9Q]
]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/azynuzZju9Q/2.jpg" align="left">Peak Oil is the point of maximum production rates&#8230; it is not about &#8220;Running out of oil&#8221;</p>
<p>When peak oil production is reached, and demand for oil continues to soar. Then the price of oil will continue to go up.</p>
<p>Links in the Video:</p>
<p>Bakken Formation (wiki): http://en.wikipedia.org/wiki/Bakken_Formation</p>
<p>Video on Energy-Return-Over-Invested: http://www.youtube.com/watch?v=ztgz-QOOrs8</p>
<p>Duration : <b>0:5:26</b></p>
<p><span id="more-561"></span><br />[youtube azynuzZju9Q]</p>
]]></content:encoded>
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		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Molchanov Says Chevrons Strategy Is on The Right Track: Video</title>
		<link>http://www.e-peakoil.com/crude-oil-production/molchanov-says-chevrons-strategy-is-on-the-right-track-video</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/molchanov-says-chevrons-strategy-is-on-the-right-track-video#comments</comments>
		<pubDate>Sun, 31 Jan 2010 22:14:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>
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		<guid isPermaLink="false">http://www.e-peakoil.com/crude-oil-production/molchanov-says-chevrons-strategy-is-on-the-right-track-video</guid>
		<description><![CDATA[Jan. 29 (Bloomberg) &#8212; Pavel Molchanov, an analyst at Raymond James &#38; Associates, talks with Bloombergs Julie Hyman and Mark Crumpton about the outlook for Chevron Corp. after it said fourth-quarter net income dropped 37 percent as slumping demand for diesel and gasoline outweighed gains from oil production and prices.
      [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/X90Zv6uhudQ/2.jpg" align="left">Jan. 29 (Bloomberg) &#8212; Pavel Molchanov, an analyst at Raymond James &amp; Associates, talks with Bloombergs Julie Hyman and Mark Crumpton about the outlook for Chevron Corp. after it said fourth-quarter net income dropped 37 percent as slumping demand for diesel and gasoline outweighed gains from oil production and prices.<br />
      Molchanov also discusses prospects for the company&#8217;s refineries and the outlook for Exxon Mobil Corp.&#8217;s earnings. (Source: Bloomberg)</p>
<p>Duration : <b>0:4:42</b></p>
<p><span id="more-558"></span><br />[youtube X90Zv6uhudQ]</p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Peak Oil: Gas Prices, Supply Depletion &amp; Energy Crisis: 5of5</title>
		<link>http://www.e-peakoil.com/peak-oil-production/peak-oil-gas-prices-supply-depletion-energy-crisis-5of5</link>
		<comments>http://www.e-peakoil.com/peak-oil-production/peak-oil-gas-prices-supply-depletion-energy-crisis-5of5#comments</comments>
		<pubDate>Tue, 22 Dec 2009 19:53:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[peak oil production]]></category>
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		<guid isPermaLink="false">http://www.e-peakoil.com/peak-oil-production/peak-oil-gas-prices-supply-depletion-energy-crisis-5of5</guid>
		<description><![CDATA[We are entering the Peak Oil era.  The growth of oil production is slowing, forcing up oil and gasoline prices, firing inflation, driving unemployment, straining our global economy, and threatening to collapse our entire system.  Teacher Aaron Wissner, highlights the impacts, underlying problem, and solutions.  This is part 5 of 5 in [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/a1-BNC7vXP4/2.jpg" align="left">We are entering the Peak Oil era.  The growth of oil production is slowing, forcing up oil and gasoline prices, firing inflation, driving unemployment, straining our global economy, and threatening to collapse our entire system.  Teacher Aaron Wissner, highlights the impacts, underlying problem, and solutions.  This is part 5 of 5 in a one-hour presentation.  See the full one-hour video at LocalFuture.org.  Also, at YouTube, see the summary with great resources, web sites, video clips, and detailed background on Peak Oil and its impacts.</p>
<p>Duration : <b>0:10:0</b></p>
<p><span id="more-469"></span><br />[youtube a1-BNC7vXP4]</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Peak Oil &amp; Climate Change Conference: Path to Sustainability</title>
		<link>http://www.e-peakoil.com/global-oil-production/peak-oil-climate-change-conference-path-to-sustainability</link>
		<comments>http://www.e-peakoil.com/global-oil-production/peak-oil-climate-change-conference-path-to-sustainability#comments</comments>
		<pubDate>Tue, 15 Dec 2009 05:20:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[global oil production]]></category>
		<category><![CDATA[change]]></category>
		<category><![CDATA[climate]]></category>
		<category><![CDATA[Conference]]></category>
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		<category><![CDATA[Peak]]></category>
		<category><![CDATA[petrol]]></category>
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		<guid isPermaLink="false">http://www.e-peakoil.com/global-oil-production/peak-oil-climate-change-conference-path-to-sustainability</guid>
		<description><![CDATA[Gas prices are rising, demand for oil is rising, and yet oil production stopped rising over three years ago.  Peak oil may be here, and it&#8217;s taking us unprepared.
How long can this oil production level be maintained?  When will the decline in oil supply begin?  How will that impact already rising gasoline [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/Y_QJJTpCcT0/2.jpg" align="left">Gas prices are rising, demand for oil is rising, and yet oil production stopped rising over three years ago.  Peak oil may be here, and it&#8217;s taking us unprepared.</p>
<p>How long can this oil production level be maintained?  When will the decline in oil supply begin?  How will that impact already rising gasoline prices, oil prices, food prices and the struggling state of the world economy?</p>
<p>The International Conference on Peak Oil and Climate Change: Paths to Sustainability explores the root cause of rising gas prices, global warming, biodiversity loss and other indicators of global unsustainability.</p>
<p>With high powered, international speakers and authors including Richard Heinberg, Dr. David Goodstein, Megan Quinn Bachman, Julian Darley, Stephanie Mills and Pat Murphy, the uncertainties of energy and climate will be illuminated in this first-of-its-kind international conference.</p>
<p>The event begins with an in-depth scientifically-rigorous overview of the global issues of peak oil, climate change, environmental degradation, biodiversity loss, and population growth and how these are impacting individuals, businesses, nations, the environment and the world.</p>
<p>Participants then focus on the concepts of sustainability and the associated value systems and cultural visions.  A spectrum of breakout seminar presentations led by professionals and experts help individuals, businesses, governments and communities move towards a vision of local cultures of sustainability.</p>
<p>Join with a broad array of professionals, politicians, business leaders, and concerned citizens for this unique high-level international conference that explores the causes of global problems and proposes solutions to move humanity toward lasting paths of sustainability.</p>
<p>Duration : <b>0:0:25</b></p>
<p><span id="more-430"></span><br />[youtube Y_QJJTpCcT0]</p>
]]></content:encoded>
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		<slash:comments>8</slash:comments>
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		<item>
		<title>Gas Prices, Gas Gouging, Peak Oil, Elasticity, Supply Demand</title>
		<link>http://www.e-peakoil.com/peak-oil-production/gas-prices-gas-gouging-peak-oil-elasticity-supply-demand</link>
		<comments>http://www.e-peakoil.com/peak-oil-production/gas-prices-gas-gouging-peak-oil-elasticity-supply-demand#comments</comments>
		<pubDate>Sat, 14 Nov 2009 00:25:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[peak oil production]]></category>
		<category><![CDATA[demand]]></category>
		<category><![CDATA[elasticity]]></category>
		<category><![CDATA[gas]]></category>
		<category><![CDATA[gasgouging]]></category>
		<category><![CDATA[gasoline]]></category>
		<category><![CDATA[gasprices]]></category>
		<category><![CDATA[gouging]]></category>
		<category><![CDATA[inelasticity]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[Peak]]></category>
		<category><![CDATA[peakoil]]></category>
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		<category><![CDATA[supply]]></category>

		<guid isPermaLink="false">http://www.e-peakoil.com/peak-oil-production/gas-prices-gas-gouging-peak-oil-elasticity-supply-demand</guid>
		<description><![CDATA[Gasoline gas prices are based on oil prices.  Oil prices are determined by the oil supply and oil demand.  Right now, both oil supply and oil demand are almost inelastic.  As gasoline gas and oil prices go up, the demand stays almost the same.  As the oil supply reaches peak oil [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/T7vGDwGLU7s/2.jpg" align="left">Gasoline gas prices are based on oil prices.  Oil prices are determined by the oil supply and oil demand.  Right now, both oil supply and oil demand are almost inelastic.  As gasoline gas and oil prices go up, the demand stays almost the same.  As the oil supply reaches peak oil or maximum production or extraction, the demand curve becomes vertical, or inelastic.  The inelasticity of the oil supply and oil demand set things up for price volatility of both oil and gasoline.  The seasonal changes in gas and oil prices we&#8217;ve seen in the last three years is probably due to reaching peak oil.  This short screencast shows an inelastic oil supply curve, as well as an inelastic oil demand curve, and what happens to prices as the oil supply or oil demand change.</p>
<p>Duration : <b>0:1:16</b></p>
<p><span id="more-273"></span><br />[youtube T7vGDwGLU7s]</p>
]]></content:encoded>
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		<slash:comments>25</slash:comments>
		</item>
		<item>
		<title>Economic Collapse: Our Unsustainable System vs. the Peak Oil &amp; The Decline of the Master Resource</title>
		<link>http://www.e-peakoil.com/global-oil-production/economic-collapse-our-unsustainable-system-vs-the-peak-oil-the-decline-of-the-master-resource</link>
		<comments>http://www.e-peakoil.com/global-oil-production/economic-collapse-our-unsustainable-system-vs-the-peak-oil-the-decline-of-the-master-resource#comments</comments>
		<pubDate>Sat, 14 Nov 2009 00:25:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[global oil production]]></category>
		<category><![CDATA[collapse]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[deflation]]></category>
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		<category><![CDATA[economic]]></category>
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		<category><![CDATA[inflation]]></category>
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		<category><![CDATA[local]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[Peak]]></category>
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		<category><![CDATA[price]]></category>
		<category><![CDATA[prices]]></category>
		<category><![CDATA[recession]]></category>
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		<guid isPermaLink="false">http://www.e-peakoil.com/global-oil-production/economic-collapse-our-unsustainable-system-vs-the-peak-oil-the-decline-of-the-master-resource</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/57Ezusjzi54/2.jpg" align="left">Our global economic system is dependent on a growing energy, and most importantly, oil supply. </p>
<p>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.</p>
<p>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.</p>
<p>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.</p>
<p>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.</p>
<p>Future oil prices may be driven up by the stagnant or declining supply, and then collapsing down as economic dislocation occurs.</p>
<p>This is the second part of a 30 minute talk by Aaron Wissner about our Local Future.</p>
<p>Duration : <b>0:10:5</b></p>
<p><span id="more-270"></span><br />[youtube 57Ezusjzi54]</p>
]]></content:encoded>
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		<slash:comments>13</slash:comments>
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