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Page added on June 4, 2018

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Peak Oil DEBUNKED! (OPEC & IMF are EVIL)

I did my research, and worked to make this video as helpful to people as possible. Trying to understand the way the oil industry works is near impossible without considering the IMF, OPEC, and the true motivations of people in power. World events are no coincidence.



55 Comments on "Peak Oil DEBUNKED! (OPEC & IMF are EVIL)"

  1. dave thompson on Mon, 4th Jun 2018 8:21 am 

    This guy is kidding himself.

  2. MASTERMIND on Mon, 4th Jun 2018 8:38 am 

    This guy sounds more deluded than that neckbearded Michael Lynch…lol

  3. MASTERMIND on Mon, 4th Jun 2018 8:41 am 

    As M. King Hubbert (1956) shows, peak oil is about discovering less oil, and eventually producing less oil due to lack of discovery.

    Oil discoveries in 2017 hit all-time low –Houston Chronicle
    https://www.chron.com/business/energy/article/Oil-discoveries-in-2017-hit-all-time-low-12447212.php

    IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
    https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000

    Peak oil validated..

  4. deadly on Mon, 4th Jun 2018 9:13 am 

    We’re gonna find out if it is a myth or not.

    Won’t be any argument then.

    Might take another fifty years maybe more, but in some way, the day will come, one to probably rue.

    Especially for those who deny peak oil.

    They are in for one big surprise.

  5. Debbie Andrews on Mon, 4th Jun 2018 10:47 am 

    Can anyone point me to how much oil we are consuming today versus the past and how much we are discovering ? I follow Gail the Actuary a lot and I have a hard time swallowing her whole argument on deflation. I think she would be write if you had a transparent economic situation but we don’t. There is so much manipulation in the system that I don’t see how it can’t be run away inflation and super high prices….

  6. MASTERMIND on Mon, 4th Jun 2018 12:15 pm 

    Debbit

    Last year we consumed around 35 billion barrels of oil..And discovered around seven billion new barrels..

    https://imgur.com/a/rBtIrfg

    So we are burning through are assets at ten times our replacements..

  7. MASTERMIND on Mon, 4th Jun 2018 12:17 pm 

    deadly

    I predict the people who deny peak oil when it arrives will just kill themselves..And they make some conspiracy to blame it on..

  8. Massbytes on Mon, 4th Jun 2018 12:29 pm 

    I couldn’t watch past about 30 seconds where he pronounced that CO2 and its role in warming had no evidence to back that up. Drives me nuts at the ignorance.

  9. onlooker on Mon, 4th Jun 2018 1:08 pm 

    It seems MM, whole countries are in denial of PO
    China’s Global Infrastructure Initiative Could Bring Environmental Catastrophe
    https://nexusmedianews.com/chinas-global-infrastructure-initiative-could-be-an-environmental-catastrophe-25a40e2d1000

  10. MASTERMIND on Mon, 4th Jun 2018 1:30 pm 

    Onlooker

    Hey when you are ignoring peak oil and the possibly of an energy crisis..You might as well go all in..

  11. MASTERMIND on Mon, 4th Jun 2018 1:45 pm 

    A Second Civil War? Robert Reich Explains What Happens When a President Claims our System is No Longer Trustworthy

    https://www.alternet.org/second-civil-war-robert-reich-explains-what-happens-when-president-claims-our-system-no-longer?src=newsletter1092898

  12. rockman on Mon, 4th Jun 2018 2:06 pm 

    Debbbie – “Can anyone point me to how much oil we are consuming today versus the past and how much we are discovering ?” I consider the EIA to be the most complete and useful sites for such statistics. In fact, the data base is so extensive it can be a tad intimidating to wade through. But it’s worth the effort.

    But developing an appreciation of such economic factors as deflation requires more the what you’ll find at the EIA. In reality the pros and cons of deflation et al are often based on OPINIONS and not simple statistics. Good luck.

  13. DerHundistlos on Mon, 4th Jun 2018 2:20 pm 

    MM-

    The scary part is the article describes scenarios for a second civil war that are quite realistic.

  14. Cloggie on Mon, 4th Jun 2018 2:46 pm 

    “A Second Civil War? Robert Reich Explains What Happens When a President Claims our System is No Longer Trustworthy”

    (((Reich))) himself is deep state. “Civil war”… Buchanan, Kunstler, PCR… SHTF, all of a sudden everybody talks about CW2, “1776”, etc.

    It is inevitable. The attempt is by the deep state to ram European America into minority position, but the signs are the Euro’s are finally gearing up to some serious resistance. And they are well armed:

    https://youtu.be/Va6MAwexpnE

    The trick for Trump now is to position a substantial part of the army outside the country, locked in a war, like with Iran and leave the house “unprotected” to the revolutionaries.

    The beauty is that compared to 1917, this time, the great powers are not occupied with combatting each other (at the time Germany attacked by the rest of the world) so this time ample opportunity exist to interfere, by the EU, Russia and China. Not necessarily to the advantage of Washington.

    ZOG is down for count. Let’s ensure Dracula dies.

  15. Davy on Mon, 4th Jun 2018 3:28 pm 

    You are a box of fruit loops neder

  16. Cloggie on Mon, 4th Jun 2018 3:34 pm 

    “You are a box of fruit loops neder”

    Oh the depth of Ozark intellectualism! Absolutely nothing to say.

  17. MASTERMIND on Mon, 4th Jun 2018 4:10 pm 

    Everyday I pray for another civil war..And we can send the status quo to the gallows..Its coming..

  18. onlooker on Mon, 4th Jun 2018 4:19 pm 

    Yep, I say bring it on to this inevitable shit storm. Pardon the french

  19. Cloggie on Mon, 4th Jun 2018 4:22 pm 

    Finally something to agree on, millimind. Goal: breakup. Let’s give the millimind’s of this world a safespace of their own. These people deserve it, they are simply too good for this world.

  20. MASTERMIND on Mon, 4th Jun 2018 4:30 pm 

    When the oil starts to run out..that is game over the for elites..And there is nothing they can do to stop conventional oil depletion..They are trapped like rats..Soon the stampede will begin and we will see bankers and CEO’s hanging from trees!

  21. MASTERMIND on Mon, 4th Jun 2018 4:32 pm 

    Clogg

    Europe is running out of fuel and is on the brink of collapse..If I were you I wouldn’t be to considered about America..Europe isn’t going to prosper from our collapse…

  22. MASTERMIND on Mon, 4th Jun 2018 4:51 pm 

    The Millionaires Are Fleeing. Maybe You Should, Too.

    https://www.nytimes.com/2018/06/02/opinion/sunday/millionaires-fleeing-migration.html

    You can run but you can’t hide..We will find you no matter where you go..We will find you just like that dude in the movie “Taken” ..

  23. Davy on Mon, 4th Jun 2018 5:21 pm 

    Mm, you are invested in collapse mentally and financially. Not a good thing. You want it to happen because you are running out of money and self-respect. This is typical of extremist doomers.

  24. MASTERMIND on Mon, 4th Jun 2018 6:47 pm 

    “The fundamental principle underlying the future of oil prices is that worldwide we are not finding as much oil as is being demanded at current prices and reserves are depleting faster than ever before. A supply crunch is coming. The only issue is when not if.”

    -Thomas Whipple

  25. MASTERMIND on Mon, 4th Jun 2018 6:51 pm 

    Davy

    I am not running out of money..And why would I want it to happen, when I still have more than half of my life left? I believe its coming based on six peer reviewed scholarly studies. (Meadows, 1972) (Motesharrei, 2014) (Turchin, 2010) (Ehrlich, 2013)
    (Turner, 2014) (Korowicz, 2012)

    https://www.scientificamerican.com/article/apocalypse-soon-has-civilization-passed-the-environmental-point-of-no-return/
    https://www.nature.com/articles/463608a
    http://www.sciencedirect.com/science/article/pii/S0921800914000615
    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3574335/
    https://www.scribd.com/document/379418787/Is-Global-Collapse-Imminent-An-Updated-Comparison-of-The-Limits-to-Growth-with-Historical-Data-Turner-2014
    http://www.feasta.org/wp-content/uploads/2012/06/Trade-Off1.pdf

  26. onlooker on Mon, 4th Jun 2018 7:08 pm 

    I would say that the other fundamental principle is that the EROEI keeps falling as we continue to extract from less accessible and more challenging reserves. I don’t think that is under dispute. And technology cannot keep up with depletion and reserves ever more costly and challenging to extract

  27. twocats on Mon, 4th Jun 2018 7:17 pm 

    or the iea – and just google the graph every now and again “oil supply demand graph 2018” or whatever

    http://www.abc.net.au/news/2016-06-15/iea-oil-market-graph/7512030

    every month or so peakoilbarrel does a summary.

    really the show there has been kind of boring. as long as money supply is unlimited there will be enough oil – until there isn’t. but permian could probably spit out another 2 mbpd (with pipelines) in less than 2 years. and that’s probably going to happen. only the economy stands in the way. that pesky zombie. sure the capitalists have killed it – but you never know when its going to pop back onto the screen for a jump scare.

    other than that – its nothing but natural disasters to pass the time. mostly human caused (like Harvey and Maria). Is Hawaii being blamed on geothermal fracking? Not sure. Guatemala just sucks though – good people. I actually climbed Fuego back in the 90s. It was just spitting out rocks back then, but still very cool for a high schooler.

  28. Boat on Mon, 4th Jun 2018 7:22 pm 

    Onlooker

    Show me updated eroei data. By year, by field, by plant by country by project. We will need the inputs that decide cost. Are they the same? Love to see that kind of data. Without it you are talking to the wilderness.

  29. Davy on Mon, 4th Jun 2018 7:28 pm 

    “I believe its coming based on six peer reviewed scholarly studies.”

    Do you have dates for me and details? I am all ears.

  30. onlooker on Mon, 4th Jun 2018 7:43 pm 

    Okay Boat, this is a very scholarly link to findings especially by Charles Hall.
    Note the references and how well cited it is. I will leave you with a pertinent excerpt
    https://www.sciencedirect.com/science/article/pii/S0301421513003856……..
    “EROI values for our most important fuels, liquid and gaseous petroleum, tend to be relatively high. World oil and gas has a mean EROI of about 20:1 (n of 36 from 4 publications) (Fig. 2) (see Lambert et al., 2012 and Dale, 2010 for references). The EROI for the production of oil and gas globally by publicly traded companies has declined from 30:1 in 1995 to about 18:1 in 2006 (Gagnon et al., 2009). The EROI for discovering oil and gas in the US has decreased from more than 1000:1 in 1919 to 5:1 in the 2010s, and for production from about 25:1 in the 1970s to approximately 10:1 in 2007 (Guilford et al., 2011). Alternatives to traditional fossil fuels such as tar sands and oil shale (Lambert et al., 2012) deliver a lower EROI, having a mean EROI of 4:1 (n of 4 from 4 publications) and 7:1 (n of 15 from 15 publication) (Fig. 2). It is difficult to establish EROI values for natural gas alone as data on natural gas are usually aggregated in oil and gas statistics (Gupta and Hall, 2011; Murphy and Hall, 2010).”

  31. MASTERMIND on Mon, 4th Jun 2018 8:01 pm 

    Onlooker

    Just ignore boat, you are wasting your time..

  32. Boat on Mon, 4th Jun 2018 8:10 pm 

    Onlooker

    Any mainstream measuring system would have current numbers. Just like the eia you would have explanations of methodology. When comparing the eroei of various sources from year to year how the inputs are selected and then consistently used is a minimum.

  33. Boat on Mon, 4th Jun 2018 8:18 pm 

    Mm

    Isn’t an agreement on measuring stuff kinda scientific? In a peer review process what and how you measure is how the claim is verified or rejected. Talk to me chess boy.

  34. Boat on Mon, 4th Jun 2018 8:20 pm 

    2cat

    Google the May demand chart. June will be out soon. Keep up.

  35. onlooker on Mon, 4th Jun 2018 8:31 pm 

    Boat things have gotten worse since. You know the low hanging fruit is always picked first

  36. fmr-paultard on Mon, 4th Jun 2018 8:42 pm 

    thank you to our supertards such as elon musk who made ultimate sacrifies of leeting go amher heard in order to give us ellectric car. some day our electric cars will be betre and efficient.

  37. Boat on Mon, 4th Jun 2018 8:58 pm 

    Onlooker

    Many countries that have a lot of oil haven’t been able to produce anything close to what a developed, tech advanced, peaceful country could have with the same resources.
    Venz, Iraq, Iran, Nigeria, Brazil, Mexico, Argentina, Russia etc. Would all have a different production history if they had a US type system. Fracking certainly wouldn’t have even happened yet. Lots of oil out there. For good or bad human history has been very inefficient when it comes to energy.
    Or very efficient if head count is the metric.lol

  38. MASTERMIND on Mon, 4th Jun 2018 9:04 pm 

    Boat

    Oil discoveries in 2017 hit all-time low –Houston Chronicle
    https://www.chron.com/business/energy/article/Oil-discoveries-in-2017-hit-all-time-low-12447212.php

    Three is so much oil but we can’t seem to find enough to cover our demand for 34 years straight..

  39. onlooker on Mon, 4th Jun 2018 9:09 pm 

    Boat, the planet was scanned already for the easy to get oil. And it is almost gone now. Technology runs on energy. It is all downhill from here as attested to by the ever smaller discoveries, more inaccesible locations chosen and the greater reliance on shale/fracking
    But MM with his many links could not sway you, so I doubt I can

  40. GregT on Mon, 4th Jun 2018 9:22 pm 

    “Venz, Iraq, Iran, Nigeria, Brazil, Mexico, Argentina, Russia etc. Would all have a different production history if they had a US type system.”

    The U.S. lower 49 peaked in 1973 Boat. If not for all of those other country’s oil, the U.S. economy would have collapsed a very long time ago.

  41. MASTERMIND on Mon, 4th Jun 2018 9:33 pm 

    Tax cut boost may fade for US, recession risks rise: survey

    http://www.france24.com/en/20180604-tax-cut-boost-may-fade-us-recession-risks-rise-survey?ref=tw_i

  42. Boat on Mon, 4th Jun 2018 9:58 pm 

    Greggiet

    Lol well let’s use it up making wind turbines. Even if we collaspe I expect ice in my drinks and ac keeping my TV cool. You can send me fishing reports by carrier pigeon.

  43. Boat on Mon, 4th Jun 2018 10:08 pm 

    Onlooker

    There are vast areas that may or may not have oil. The Permian area is still finding new oil after around 100 years of drilling. Who knows what tech will be available in 20 years. Look at what tech has done in the last twenty. The latest finds in the gulf came from advanced computing. Computers 5 years from now will have 50 times that power. You ain’t seen nothing yet.

  44. MASTERMIND on Mon, 4th Jun 2018 10:16 pm 

    Boat

    Just give if up dude..You are going to be zombie food in a few years..Like it or not..And don’t worry when that big tv of yours turns off..There will be plenty of entertainment going on right outside your window..

    LMFAO!

  45. GregT on Mon, 4th Jun 2018 11:16 pm 

    “Even if we collaspe I expect ice in my drinks and ac keeping my TV cool. You can send me fishing reports by carrier pigeon.”

    I won’t be sending you any fishing reports Boat, and expectations are never a good plan.

  46. Cloggie on Tue, 5th Jun 2018 1:08 am 

    Europe is running out of fuel and is on the brink of collapse..If I were you I wouldn’t be to considered about America..Europe isn’t going to prosper from our collapse…

    Who talks about prosperity? My idea of a good life: an empty room without “stuff”, a violin and 10,000 hours to attain mastery. Consumerism is so overrated.

    Oil discoveries in 2017 hit all-time low –Houston Chronicle

    *** BREAKING *** Huge discovery of wind resources in the North Sea!!!

    https://deepresource.wordpress.com/2017/05/16/the-enormous-energy-potential-of-the-north-sea/

    https://deepresource.wordpress.com/2017/01/07/gold-mine-north-sea/

  47. MASTERMIND on Tue, 5th Jun 2018 4:39 am 

    Clogg

    Wind can’t replace oil..Oil is used for transportation..Wind is used for electricity..

  48. Sissyfuss on Tue, 5th Jun 2018 9:25 am 

    The salient stat I perceive from OLs 7:43 pm observation is that EROEI for discovery was 1000 to 1 in 1919 and 5 to 1 in the 2010s. Someone please explain to me how this is not a heavy anchor around the neck of IND CIV.

  49. Cloggie on Tue, 5th Jun 2018 1:00 pm 

    The salient stat I perceive from OLs 7:43 pm observation is that EROEI for discovery was 1000 to 1 in 1919 and 5 to 1 in the 2010s. Someone please explain to me how this is not a heavy anchor around the neck of IND CIV.

    Your worries are over, rejoice!

    https://www.youtube.com/watch?v=rySvIDZ38Uk
    (Haendel, Rejoice)

    https://deepresource.wordpress.com/2017/07/26/eroi-of-offshore-wind/

    https://deepresource.wordpress.com/2017/09/05/eroi-of-offshore-wind-power-continued/

  50. Cloggie on Tue, 5th Jun 2018 1:19 pm 

    Clogg

    Wind can’t replace oil..Oil is used for transportation..Wind is used for electricity..

    You’re a college dropout? That’s OK, I’ll explain it to you again, this time slowly, with pictures and lots of film:

    https://www.youtube.com/watch?v=t8kZ7XX0-ms

    DAF’s latest e-truck from the glorious town of Eindhoven.

    https://www.youtube.com/watch?v=d_QAWVUoZFg

    Lightyear One, fully autonomous solar car. Net energy positive year-to-year, for average Dutch commuting, from my alma mater in Eindhoven.

    https://www.youtube.com/watch?v=xCTYGqEb–k

    Locally produced e-buses, again in Eindhoven. The only disadvantage of these f* is that they are so quiet that before you know it you’ll be admiring them from the below, on your back.

    Where would we be without Eindhoven, I’m asking you?

    Crossing the Alps in an e-plane:

    https://www.youtube.com/watch?v=Vr3dX2EClDg

    Formula-E racing, you can leave your earplugs at home:

    https://www.youtube.com/watch?v=ohTF0fWPzZQ

    No need for heavy batteries with this concept from Sweden: equipe all highways (20,000 km) with a monorail, used to recharge batteries while driving and use the, say, 50 kg battery for the “last 30 miles”:

    https://deepresource.wordpress.com/2018/05/08/e-road-e-vehicles-breakthrough-in-sweden/

    Morale: you only need oil to smear your door hinges.

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