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A Fact? Life As We Know It WILL Change

interview with author & researcher Chris Martenson. Buckle up, peak oil has arrived and Chris says it’s a fact – our lives are about to change

71 Comments on "A Fact? Life As We Know It WILL Change"

  1. Davy on Thu, 28th May 2015 6:11 am 

    Perk said “As we all know China’s economy is no longer operating at the double digit growth rate it was just a few years ago, but we are supposed to jump to the conclusion that a 2% emissions reduction is directly correlated to increases in renewables?” Perk the powers to be want their cake and eat it. They like to spin bad as good and good as good.

    The global economy has clearly declined. China is an export economy so its decline signals a decline in exports to a global economy in decline. IMA the global economy does not take decline well. This global economy with so much debt and rising population with rising consumption cannot take growth reductions.

    If this growth goes into negative for a significant length of time we will surely have the demand and supply destruction I have often mentioned. Once the descent momentum gains strength and inertia introduced to return to growth will be ineffective. What is needed now is a new economic policy of adaptation and mitigation. Bad debt is going to multiply with reduced economic activity. Reduced economic activity is going to leave people suffering. The wealth transfer will not end soon enough to offset this general public suffering. We will see the rich maintaining their wealth and the masses in great suffering. We need a new economic direction to prepare for the descent.

  2. Rodster on Thu, 28th May 2015 6:45 am 

    “Switching to biofuels could place unsustainable demands on water use”

  3. BobInget on Thu, 28th May 2015 10:08 am 

    Summary of Weekly Petroleum Data for the Week Ending May 22, 2015

    U.S. crude oil refinery inputs averaged about 16.5 million barrels per day during the
    week ending May 22, 2015, 237,000 barrels per day more than the previous week’s
    average. Refineries operated at 93.6% of their operable capacity last week. Gasoline
    production increased last week, averaging about 10.2 million barrels per day. Distillate
    fuel production increased last week, averaging 4.9 million barrels per day.

    U.S. crude oil imports averaged 6.7 million barrels per day last week, down by 503,000
    barrels per day from the previous week. Over the last four weeks, crude oil imports
    averaged over 6.8 million barrels per day, 3.4% below the same four-week period last
    year. Total motor gasoline imports (including both finished gasoline and gasoline
    blending components) last week averaged 775,000 barrels per day. Distillate fuel imports
    averaged 248,000 barrels per day last week.
    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
    Reserve) decreased by 2.8 million barrels from the previous week. At 479.4 million
    barrels, U.S. crude oil inventories are at the highest level for this time of year in at least
    the last 80 years.

    Total motor gasoline inventories decreased by 3.3 million barrels last
    week, but are near the upper limit of the average range. Finished gasoline inventories
    increased while blending components inventories decreased last week. Distillate fuel
    inventories increased by 1.1 million barrels last week but are in the lower half of the
    average range for this time of year.

    Propane/propylene inventories rose 2.2 million
    barrels last week and are well above the upper limit of the average range. Total
    commercial petroleum inventories increased by 2.2 million barrels last week.

    Total products supplied over the last four-week period averaged about 19.8 million
    barrels per day, up by 3.5% from the same period last year. Over the last four weeks,
    motor gasoline product supplied averaged over 9.2 million barrels per day, up by 1.6%
    from the same period last year. Distillate fuel product supplied averaged over 4.1 million
    barrels per day over the last four weeks, down by 0.4% from the same period last year.
    Jet fuel product supplied is up 5.0% compared to the same four-week period last year.

  4. BobInget on Thu, 28th May 2015 10:25 am 

    Crude imports, down for third week. -3.4 %
    Gasoline production higher by 10 M b/d
    Diesel/jet fuel/HO higher by 4.9 B p/d
    Crude Inventory lower by 2.8 M B
    Gasoline inventories lower 3.3 M B
    Propane (refining product) up 2.2 MB
    the good part:
    Read that ENTIRE last paragraph.
    Pushing hard on 20 M B p/d consumption.
    next week’s post Memorial Day likely shows
    20 M B p/d
    Jet Fuels continues showing single digit gains.
    while not economic bearish, that’s flat IMO.

    The big deal here is obvious increase in milage driven.
    Again,. opinion: if imports slow below 7 million B’s
    we will see higher oil prices by fall.

  5. BobInget on Thu, 28th May 2015 10:33 am 

    Roadster, Our water ‘problem’ needs more energy thrown at it. One obvious solution, solar and wind
    powered decontamination and desalination.

    We really NEED offshore wind power to desalinating and solar for pumpin water uphill.

  6. Apneaman on Thu, 28th May 2015 10:39 am 

    It’s All Gonna Be Okay

  7. joe on Thu, 28th May 2015 10:52 am 

    I think he believes that peak oil theory which always frustrates it’s adherents because the available data always tells the honest viewer that at X consumption and y limit to supply then certain things should happen, for example the supply runs out. Oil supplies have not behaved like that and there always seems to be more coming to market, therefore we can see an oversupplied market, so why would any fool be saying we are facing a disruptive change in society and a less mobile economy? The answer is clearly that it takes longer to happen as we find oil or we make it in places and from things in the ground. If a woodsman in 1280 stood on the edge of a forest in Europe was told ‘growth is going to drive you out of business ‘ he would have laughed. Peak wood happened, Europe found coal, then better than coal, people found use for a range of liquid fuel as they industrialised until chemistry made diesel and broke the crude oil into the greatest energy source in history. Of course, when peak oil comes, so will peak coal, as we don’t have the mining capacity to meet energy demands that will be placed, also without oil it will require people to do much work, and things like unions. Natural gas might do allot of the supply, but we would have a choice, to drive cars with natural gas or use it to grow the economy in real terms, but not both not without something else to step in, be it fusion power or whatever. Peak oil, should be called instead the future energy question, it should be taken as seriously as global warming but I guess that talking about something which might help the energy market is not cool. In fact future energy debates and global warming need to be thought about as a unified question because the consequence of mismanagement will cause a new low in our history.

  8. Adamc18 on Thu, 28th May 2015 1:07 pm 

    I’m still trying to work out what Apneaman means about the ‘commies’ bombed at Dresden. In my history books the allies were bombing Dresden in Nazi Germany – the ethical problem was that it was an attack on an entirely civilian population, a bit like Nagasaki and Horoshima, in fact.

  9. Northwest Resident on Thu, 28th May 2015 1:17 pm 

    Adamc18 — An attack on an entirely civilian population energetically employed almost exclusively in production of munitions and other war materials for Nazi Germany to use against the Allies — according to my history book. Except for the children, of course. But look at it this way: If I go to rob a bank and I drag my children along with me, then shooting breaks out and one or more of my kids gets hurt, whose fault is it? Just another way of looking at it…

  10. Apneaman on Thu, 28th May 2015 1:23 pm 

    Adam, I never said it was the commies, what I meant is that Dresden, like the nukes in Japan were unnecessary to finish the enemy off. They were already done. They were likely meant as a message for the Soviets and everyone else. This is what happens to those who oppose us. Far from the first time a great power ever used that type of exclamation mark. Carthage comes to mind.

  11. Apneaman on Thu, 28th May 2015 1:29 pm 

    Ya but the stock market is soaring and when I stand on one leg and only look through one eye at a few select FRED charts – everything is awesome..

    Shocker: 40% of Workers Now Have ‘Contingent’ Jobs, Says U.S. Government

  12. Northwest Resident on Thu, 28th May 2015 1:30 pm 

    Apneaman — My understanding of history is that Nazi Germany was not “already done”. They were actively fighting, killing and maiming Allied troops, using weapons, munitions and equipment produced in Dresden, among other places. All my comments now go into moderation on this site, but when/if this comment does appear, I’d be interested to know your additional thoughts on the subject.

  13. Apneaman on Thu, 28th May 2015 2:19 pm 

    Northwest Resident, well Dresden and the use of the nukes are still debated and that will never change. My position is that in all instances the level of force was disproportionate at best and terror bombing at worst. That being said, we were not there, but it’s not hard to imagine that years of war – killing, dying, hardship, etc, can lead to a psychological attrition where everyone just wants it to end and we will worry about how history judges us later. Near the end Germany was sending out kids and old men, but if I was there I would have shot them too, so I could go home. I have no problem with the possibility that the dropping of the nukes was a political message to let everyone know that this is what you get if you fuck with us. It fits the historical pattern of empires and the worst parts of human nature.

    Here is a well made Doc by PBS-AMERICAN EXPERIENCE on the bombing of Germany.

  14. Northwest Resident on Thu, 28th May 2015 2:41 pm 

    Ap — My favorite historical reference for what happened in Dresden is “Slaughterhouse Five”. Vonnegut was actually there, so he speaks from experience. And the concept Vonnegut introduced of this life being the one we end up living in bits and pieces for the rest of eternity I have often pondered.

  15. canabuck on Thu, 28th May 2015 4:20 pm 

    so, where is part 2 of the interview?

  16. Apneaman on Thu, 28th May 2015 7:53 pm 

    UPDATE 3-Hundreds seek safety from Texas floods, severe weather kills 16

  17. Apneaman on Thu, 28th May 2015 7:57 pm 

    Heat wave kills nearly 1,500: Green body warns of more agony

  18. Apneaman on Thu, 28th May 2015 8:08 pm 

    If this trend keeps up until Sept it could be a very bad thing. We could see an Arctic blue ocean event then. About a decade ago they thought this could not happen until 2060 at the earliest.

    Arctic Sea Ice Conditions Worsen, Nightmare Melt Scenario in the Works?

  19. GregT on Thu, 28th May 2015 8:33 pm 

    The nightmare scenario is coming Apnea. One year? Five? Ten? It really makes little difference, unless one plans on checking out soon. What happens in the Arctic, isn’t going to stay in the Arctic.

    We are already fucked, and we continue to fuck ourselves even worse with every passing year.

  20. Apneaman on Thu, 28th May 2015 8:51 pm 

    Record heat hits #Alaska

    The state with the Arctic Circle running through it is warmer than most of the US.

    Alaska, usually frozen until June, has recently been experiencing something of a heatwave. Long-held temperature records have been broken and the winter roads that are made entirely of ice, are melting earlier than usual.

  21. Apneaman on Fri, 29th May 2015 8:47 am 

    With 120,000 deaths, U.N. confirms ‘catastrophic collapse’ of endangered antelope species

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