A New Analogy for Peak Oil and Gas Prices
Posted by Oilism.com on August 31st, 2010 at 06:41pm
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): en.wikipedia.org Video on Energy-Return-Over-Invested: www.youtube.com
Under Oil price
5 Comments for A New Analogy for Peak Oil and Gas Prices
1. Angelheart1700 | August 31st, 2010 at 7:24 pm
You know what’s ironic about this video?
Tar sands need a heck of a lot of water to get at the oil.
2. pinkflyd741 | August 31st, 2010 at 7:48 pm
good video I hope some of the skeptics out there watch it.
3. Rationalific | August 31st, 2010 at 8:04 pm
It’s really too bad that most people can’t figure this stuff out by themselves. Thanks for the simple analogies to use to explain Peak Oil.
4. slinfolo | August 31st, 2010 at 8:23 pm
Peak oil is a theory based on the calculation of extraction speed of oil wells. That some people won’t be able to buy oil (or gas) when prices to up is a natural consequence of that theory. The theory can’t be applied to individuals like your are doing. The video is otherwise right, the point when we run out is irrelevant what’s important is the time when people realize that crude oil production is in a terminal decline.
5. Bernd1964 | August 31st, 2010 at 8:52 pm
You claim in your video peak oil (PO) doesn’t mean ‘running out of oil’. I think this is a much too globally reasoned statement. If the price for oil gets too expensive for me to fill my tank, I am actually ‘running out of oil’ because of constraints due to (post-) PO. From the local perspective of a private petrol consumer, the ramifications of PO can therefore quite obviously equal to run out of oil.
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