Apr 8, 2009 – recorded 11:30 BST
Swiss slide into deflation signals the next chapter of this global crisis:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5110578/Swiss-slide-into-deflation-signals-the-next-chapter-of-this-global-crisis.html
UK production shrinks to lowest in over 40 years:
http://www.telegraph.co.uk/finance/newsbysector/industry/5120884/UK-production-shrinks-to-lowest-in-over-40-years.html
Alcoa’s loss underlines collapse in global demand:
http://www.telegraph.co.uk/finance/newsbysector/industry/5123174/Alcoas-loss-underlines-collapse-in-global-demand.html
Tankers anchor off Devon waiting for oil prices to rise:
http://www.telegraph.co.uk/finance/financetopics/oilprices/5122317/Tankers-anchor-off-Devon-waiting-for-oil-prices-to-rise.html
Ireland unveils emergency budget:
http://www.ft.com/cms/s/0/8fb519b8-23a9-11de-996a-00144feabdc0.html
Ireland imposes emergency cuts:
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5121728/Ireland-imposes-emergency-cuts.html
US Tax Day “Tea Party” protests:
http://taxdayteaparty.com/
Peace
Duration : 0:10:7
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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 to each other and foretell the challenges of tomorrow?
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.
Come to “The International Conference on Peak Oil and Climate Change: Paths to Sustainability”. 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.
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.
Space is limited. Register now for this unique and timely conference on the economy, energy and our environment.
For more information and to register, please visit:
http://www.SustainabilityConference.org
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:
http://www.PeakOilConference.org
Duration : 0:4:44
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Chapter 17b – Energy Budgeting (1 of 2): Petroleum has supplied the surplus energy that has allowed for social complexity, industrialization, and the modern conveniences that we enjoy. In this chapter, Dr. Chris Martenson explains that in the future our supply of surplus energy will decline due to the fact that increasing amounts of energy will be required to produce new energy. When poor net energy (ERoEI) returns are paired with peak oil production, it points to a return to a less complex society.
http://www.chrismartenson.com
Duration : 0:6:48
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SYNOPSIS: The fine print of The Outlook for Energy: A 2030 View report downplays the potential of oil shale, a misnomer, and Canadian tar sands.
Without any press conferences, grand announcements, or hyperbolic advertising campaigns, the Exxon Mobil Corporation, one of the world’s largest publicly owned petroleum companies, has quietly joined the ranks of those who are predicting an impending plateau in non-OPEC oil production. Their report, The Outlook for Energy: A 2030 View, forecasts a peak in just five years.
However, as with all advertisements, it’s best to read the fine print. ExxonMobil’s world oil production forecast shows no contribution from “oil shale” even by 2030. Only about 4 million barrels of oil per day from Canadian “oil sands” are projected by 2030, accounting for a mere 3.3 percent of the predicted total world demand of 120 million barrels per day. What explains this striking disconnection between the magnitude of the frontier resources and the minimal amount of projected oil production from them? Canadian “oil sands” are actually deposits of bitumen (tar), which are the result of conventional oil degradation by water and air. Tar sands are of a completely different character than conventional oil deposits; making tar sands usable is a capital-intensive venture that requires special procedures such as heating to separate the tar from the sand, mixing the tar with a diluting agent for pipeline transport, and constructing specially equipped refineries for processing.
What all this means is that the petroleum industry is approaching a turning point. Conventional petroleum production will soon–perhaps in five years, ten at best–no longer be able to satisfy demand. For their part, American consumers would do well to take a cue from their Western European counterparts, who enjoy a comfortable lifestyle despite a per capita use of petroleum that is half of that in the United States. The sooner the United States begins this transition away from oil, the easier it will be. That’s a far more attractive option than trying to squeeze oil from stone.
The most serious constraint, though, is natural gas supplies. Production of oil from tar sands requires between 400 and 1,000 cubic feet of natural gas per barrel of oil produced, depending on the extraction method used. Natural gas production, despite a near doubling of drilling activity, is flat or decreasing both in Canada and in the United States–which has prompted prices to triple over the past few years. Given these high gas prices, it almost makes more sense just to sell the natural gas directly rather than use it to produce oil from tar sands.
http://www.google.ca/search?hl=en&source=hp&q=what+is+the+world%27s+largest+oil+company&btnG=Google+Search&meta=&aq=1msx&oq=worlds+largest+oil+company
http://peakoil.blogspot.com/2005/05/exxonmobil-sounds-silent-peak-oil.html
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corn, oil, wheat, lead, copper, manufacturing
gold, silver, lead, zinc, car production.
Duration : 0:9:25
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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.
Duration : 0:10:0
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What is peak oil? How will it impact the future? How can we prepare for this challenge?
In this uncut video clip, Aaron Wissner of the Local Future Network interviews Megan Quinn Bachman of Community Service, Inc. about peak oil and the future.
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.
This was published earlier but with a spelling error. The incorrect version had 459 page views.
Duration : 0:5:28
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manoftruth predicts future oil prices http://manoftruth.org/
Duration : 0:5:0
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What is peak oil? How will it impact the future? How can we prepare for this challenge?
In this uncut video clip, Aaron Wissner of the Local Future Network interviews Megan Quinn Bachman of Community Service, Inc. about peak oil and the future.
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.
This was published earlier but with a spelling error. The incorrect version had 459 page views.
Duration : 0:6:41
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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’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.
Duration : 0:1:16
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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
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