Peak Oil Now!
Posted by Oilism.com on September 5th, 2010 at 06:38pm
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Shortages, depleated reserves, production cuts, and peaking oil fields are not reflected in todays crude oil price.
Video Rating: 4 / 5
Under Oil price
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Posted by Oilism.com on September 5th, 2010 at 06:38pm
->
Shortages, depleated reserves, production cuts, and peaking oil fields are not reflected in todays crude oil price.
Video Rating: 4 / 5
Under Oil price
25 Comments for Peak Oil Now!
1. GiraffeCat | September 5th, 2010 at 7:22 pm
@capitalismforever, you were 3 weeks early, he died a few days ago. RIP.
2. joe128pack | September 5th, 2010 at 7:33 pm
Zapata George passed away this past weekend. RIP. You will be missed.
3. capitalismforever | September 5th, 2010 at 7:54 pm
He must have died. He hasn’t put a video up in over a year.
4. OnePresidentOfPeace | September 5th, 2010 at 8:48 pm
George, Is it possible to replace petroleum, diesel, gas, oil etc. with another substance or plant?
im sure it is possible.
5. coastnative | September 5th, 2010 at 8:59 pm
George,
So it’s now the end of 2009, things didn’t turn out exactly as you predicted, it’s ok. Few others know either. Especially the possibly unlimited volumes beneath the shelves of so many continents, yet to experience a drill bit. It would be great to have a drink with you one day to talk some more about this and other Unknowns of the universe…Take care.
6. DanFrederiksen | September 5th, 2010 at 9:46 pm
the crisis was a wildcard and in principle it could have been orchestrated and I think if the drilling get agressive enough there is probably a lot of small wells enough to keep the pace going for a decade or two still (but that’s if they are prepared). but Michio Kaku (who’s no oracle) gave a poingnant observation about the oil situation, he said we would have to dicover a new saudi arabia every 10 years to keep going and that’s just not gonna happen. so the hard wall is coming sooner or later
7. dojufitz | September 5th, 2010 at 10:27 pm
Has your eye come good?
What happened to the patch?
8. florgat91 | September 5th, 2010 at 10:45 pm
ahahahahah – peak myth !
9. investortownhall | September 5th, 2010 at 10:52 pm
L.O.L. Love you George but this was the wrong call at the wrong time! The market tumbled right after you produced this video and Oil inventories are at 20 year highs!!!! The only reason Oil climbed back up to $65 from $32 was due to the falling dollar.
10. Catchetat | September 5th, 2010 at 10:55 pm
The world runs on supply and demand
11. carlandsimon | September 5th, 2010 at 11:34 pm
Oil prices will continue to soar…what a fucking idiot. Don’t preach something as gospel unless your name is Jesus.
What are you going to do for your next trick…walk on water???
12. caltrop69 | September 5th, 2010 at 11:45 pm
That was you “screaming”?
When you aren’t screaming…Do people mistakenly assume you’re in a coma?
Seriously, though…I don’t think it takes a rocket scientist to understand that oil is a scarce commodity that will run out. Most of use have known…At least in the backs of our heads…that this will happen.
I look forward to less stressful days of riding the horse to market. I hate my cubicle.
13. whitevanman1234 | September 6th, 2010 at 12:11 am
Oh dear!!!!!
Any idea how low the oil price will get? I’m betting on $30
14. love2dsign4u | September 6th, 2010 at 12:49 am
Oil prices have to be analyzed with caution, speculation and strategy games of the OPEC countries influence the price as well as the Dollar:
Oil is priced in dollars so movements in that currency will also impact upon the price of oil. The weaker the dollar, the higher the dollar price of oil because it takes more dollars to buy a barrel.
Scarcity of oil might be disguised in the short run.
15. SGDeGalvez | September 6th, 2010 at 1:31 am
Zapata, I like you man, but you are using traditional fundamental analysis instead of real world fundamentals. We see now the oil prices have reached $37 bbl from $150/bbl. A drop of 76%. In the real world, the powers at be will kill the demand before the supply is dead, hence the organized ‘financial crisis’. Bubbles rarely re-inflate, you will see oil between 55-65 dollars per barrel and that will be where they are maintained. If george followed his advice here, he has been wiped out.
16. Sepero1 | September 6th, 2010 at 2:03 am
Hey we all make mistakes. Sometimes you are just ahead of your time George
)
Personally, I think it is easy to see that the dollar is currently turning. I believe that peak oil is…. now.
17. theinvestor | September 6th, 2010 at 2:08 am
good call with the oil prices soaring forever!
you are right on with your calls! $57 a barrel now just to remind you.
18. johntaka | September 6th, 2010 at 2:14 am
He is disappered….
19. Sepero1 | September 6th, 2010 at 3:05 am
Thank you for allowing me to listen to you scream!
20. yogiudo | September 6th, 2010 at 3:38 am
ZAPATA OIL
JFK!
21. jagclarke | September 6th, 2010 at 4:16 am
congratulations with your eye!
22. jhnbtr | September 6th, 2010 at 4:28 am
102.73
23. JiveDadson | September 6th, 2010 at 5:27 am
Now 100.51
24. Uroshnor | September 6th, 2010 at 6:21 am
90 now
25. Mikannika | September 6th, 2010 at 7:04 am
Meanwhile oil is at 92 dollars…
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