Features Richard Heinberg, Matthew Simmons, Roscoe Bartlett & David Goodstein
Oil is the primary fuel of the global economy. 98% of cars and trucks, 100% of farm equipment, 99% of trains, and 100% of airplanes run on oil. Oil provides 50% of all energy in the USA. It is used for plastics, cosmetics, packaging, etc.
Shell oil geologist M. King Hubbert predicted that U.S. oil production would peak around 1970, which it did.
Now, the USA consumes more than twice as much as it produces.
The GAO states that world oil production is expected to peak any time now but the federal government doesn’t have a plan.
Oil will continue to become more and more expensive as peak oil is passed and prices rise.
Duration : 0:4:24
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Peak oil is coming, but how can you be sure that it is actually going to happen? It only takes one fact to prove it: petroleum (oil) is a non-renewable limited resource.
Peak oil is the point in time when global oil production reaches its all time maximum, after which it never again attains that same level, and continues decrease forever.
Teacher Aaron Wissner explains how we know that peak oil will happen based on the simple fact that oil is a non-renewable, limited resource.
For the past three years, oil production seems to have gotten “stuck” at 84.5 million barrels per day. This is probably the cause of rising oil prices, gas prices, food prices, the decline in the value of homes, the dollar, and the domestic auto industry.
We may very well be now living in the era of peak oil.
Duration : 0:3:20
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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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Clips featuring Colin Campbell, Richard Heinberg, Julian Darley, etc.
Oil is used for everything. When we reach maximum production, that is a very significant point.
Global oil production will peak, and everything will change.
Less and less oil fields are being discovered. New oil is found in smaller pockets.
4/5 of oil being consumed was found before 1970.
Norway, Britain UK, and Norway have all passed their nation’s peak.
The world consumes three times as much oil as we are finding.
53 countries are producing less oil now than in the past.
We expend about 10 Calories of fossil fuel energy for every Calorie of food energy produced. This is unsustainable.
Global hunger and famine could be a result of peak oil.
Economic contraction will most likely result from peak oil.
A perception of a contraction economy will itself cause a contraction.
This could cause the second great depression.
Duration : 0:7:5
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