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, propane, fuel oil, petroleum and oil prices to rise so quickly?
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 “stuck” at under 85 million barrels per day for over three years.
We may be at peak oil. The economic impacts we have seen may just be the beginning.
Using his renown “Peak Oil in Five Slides”, Aaron Wissner explains what is going on, and how rising prices are related to stagnant oil supply.
For more videos, visit:
http://localfuture.org
This video comes from “The International Conference on Peak Oil and Climate Change: Paths to Sustainability”.
http://sustainabilityconference.org
Feel free to copy and share with others.
Duration : 0:2:48
Read the rest of this entry »
World Bank Group President Robert Zoellick is calling on leaders of the world’s richest countries and major oil producers to act now on surging food and oil prices.
Zoellick says the world is entering “a danger zone,” and about 10 billion US dollars are needed to meet the short term needs of the places and people hit hardest.
Liberia is one of those…rising food prices have pushed 200 thousand people into poverty there.
Duration : 0:2:5
Read the rest of this entry »
Peak Oil is the point of maximum production rates… it is not about “Running out of oil”
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
Read the rest of this entry »
Has Oil Production has peaked?
Hubbert Peak Web Site
http://www.hubbertpeak.com/
Duration : 0:9:17
Read the rest of this entry »
OPEC ministers are meeting in Cairo to discuss the recent fall in oil price as Saudi Arabia identifies a price target per barrel of oil for the first time in years.
The Organization of Petroleum Exporting Countries (OPEC), which accounts for 40% of global oil production, cut output by 1.5 million barrels a day last month, but the move failed to stop prices from declining.
http://sharewave.org
Duration : 0:1:57
Read the rest of this entry »
Matthew Simmons, chairman of Simmons & Co. International in Houston, talked yesterday with Bloomberg’s Rhonda Schaffler about the need to address energy use, his view that global supply has peaked and the likelihood oil prices could reach as much as $300 a barrel. (Source: Bloomberg)
Duration : 0:5:40
Read the rest of this entry »
Saudi Arabia has agreed to increase oil production by more than 200,000 barrels a day, but will it lower U.S. energy prices? Priya David reports.
Duration : 0:2:50
Read the rest of this entry »
analyzing crude oil prices. elcapitalista007@blogspot.com
Duration : 0:0:29
Read the rest of this entry »
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
Read the rest of this entry »
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’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 prices, oil prices, food prices and the struggling state of the world economy?
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.
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.
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.
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.
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.
Duration : 0:0:25
Read the rest of this entry »