[May 8th, 2008, U.S. House of Representatives] Congressman Roscoe Bartlett and Peak Oil, back together for the x[th] time.
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Congressman Bartlett and Peak Oil Revisited [Part 1]
http://www.youtube.com/watch?v=Gtkq5DdcgYA
Congressman Bartlett and Peak Oil Revisited [Part 2]
http://www.youtube.com/watch?v=N2M-_5oQCik
Congressman Bartlett and Peak Oil Revisited [Part 3]
http://www.youtube.com/watch?v=q6hzZ1w-1As
Congressman Bartlett and Peak Oil Revisited [Part 4]
http://www.youtube.com/watch?v=hbReYdVOigs
Congressman Bartlett and Peak Oil Revisited [Part 5]
http://www.youtube.com/watch?v=Mbm7Fd3E0b4
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(Transcript)
After that, the last half which reasonably would be more difficult to get, was more difficult to get and production was slower. And so he rationalized that if he could add up all of the little oil fields in the
United States and make a good prediction as to how many more we would find, he could have one big bell curve which is basically the shape of that curve, and he could then predict when the United States would reach its maximum oil production. He was right on target.
Using that same technique, he predicted that the world would be peaking in oil production about now. Now I say that we have known this for 28 years. I say that because by 1980 it was very obvious that M. King Hubbert was right about the United States. We were already well over the peak and sliding down the other side of what is called Hubbert’s peak. What did we do? We have done as a world, as a country, absolutely nothing to prepare for the inevitability that M. King Hubbert would probably be
right about the world because he was right about the United States.
Now as the next chart shows, the two entities which track oil production and consumption, and it is essentially the same thing, very little oil is stored in the world compared to the amount that we use, that is the EIA, the Energy Information Administration, a part of our Department of Defense, and the IEA, the International Energy Association, both of those track very well the production of oil. And you can see they have the production of oil about flat for the last 3 years.
Now when I first came here, and I think that was 43 times ago, I think this is the 44th time I have been to the floor, when I was here in 2005, oil was about $50 a barrel, a little over $50 a barrel. Using the predictions of M. King Hubbert, I with some confidence have been saying now for these 43 times, 44 times including tonight, that we were going to get here, that the world was going to reach maximum oil production.
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[ http://www.c-spanarchives.org/congress/?q=node/77531&id=8565724 ]
Duration : 0:9:58