Crash Course: Chapter 17a – Peak Oil by Chris Martenson
March 17th, 2011
Chapter 17a – Peak Oil: Energy is the lifeblood of any economy and a steady supply of energy is necessary to maintain the status quo, while an ever-increasing supply is needed to grow an economy. In this chapter, Dr. Chris Martenson explains that Peak Oil is not a theory, rather it is a description of how oil production increases over time, reaches a peak, then declines. Evidence points to a global production peak in the near future, which is troubling since the US imports two-thirds of its oil and relies on it to much of its transportation and food production needs. www.chrismartenson.com
www.mrjohnclarke.com “Roger, Financial Consultant” Originally aired on ABC 7 Report, 20/05/2010 World Economy Explained
@fr0ber I am not sure. I know Tesa was a threat to profit and oil is the international trading currency as well as a mechanism of control of the populous. When oil gets to 200 a barrel there will be talk of drilling in the US…
@rsaathoff Do you think countless researchers have randomly forgotten about something you just pointed out?
what about Bakken Oil Field, Rocky Mountain Oil Fields, and Alaska?
Also Tesla technologies…
9:25 explains why they are invading Libya today….
Europeans reluctantly switched to coal from wood out of desperation due to the reckless level of deforestation they had caused. Everyone hated the foul smog and the polluting nature of it. The royalty did not want people to use it but their society would have collapsed if they didn’t. When the coal issue got tricky they discovered a whole other abundant half of the planet carefully managed by responsible stewards. That probably won’t happen to us!
Are you saying:”I drank your milkshake!”, except you used a margarita?
I’m buying a telsa
World War III is coming…..
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Brilliant work.. thanks for the facts
I suggest everyone try to see Chris speak in person…..
If you look at the graphs of coal and oil production and human population you will find that we are an oil, and coal based species. Further you will find that we are a very violent and self destructive species.
I would prefer we start to dedicate many barrels of oil to create huge stockpiles of solar panels. It will take a lot of hydrocarbon energy to create a large solar base stock where actual manufacturing of solar stocks can start to become self sufficient using solar power as the energy source. Better use of taxes than what we are currently doing in my opinion.
Peak oil already will destroy 5 billion of the world’s population by simple mathematics and the law of thermodynamics. All the other talk of “the economy” is moot. The economy=energy. Not money, gold, nor products, etc. Without sufficient hydrocarbon energy our planet must go back to the amount of sunlight that humans can capture per year to support our species. What is really developed that can realistically do that at this time?
@sparkloweb Are you being serious? I honestly can’t tell with such a ridiculous statement. To make biofuels from algae a viable singular alternative to oil, or even a substantial alternative, it would be necessary to cover the majority of the ocean’s surface one way or another. If in the open sea, the algae might be weaker but could overwhelm the natural algae, or they could spontaneously mutate. Aquaculture would starve out surface plankton by blocking sunlight.
@OriginalTharios Easy to claim that ocean greenhouses or contamination would be devastating, but to my knowledge no such studies have been done. Studies HAVE shown that the high-lipid algae are weak and easily contaminated by robust wild species. So a bigger question is how to protect algae farms, not how to protect the ocean. Another option is to pipe seawater into deserts and build ponds there, possible creating arable soil from the waste (also needs research) and slightly reducing sea levels.
@sparkloweb Except we can’t use the oceans in that way. Turning algae loose in it in those quantities would be ecologically devastating. Confining them to “floating greenhouses” of some sort would be equally bad in those amounts. As always, there’s no single magic bullet to the energy problem. It will require multi-vector energy production, and radical changes in usage attitudes. It’s unavoidable.
Our society runs on cheap easy to get at transport fuels. They are no longer cheaper or easy to get at. The alternatives aren’t cheap transport fuels. Alternatives lose the net energy battle as well.
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Peak oil is a “price perception myth.” Nobody knows what the future price of oil will be because there are far too many variables. For example, at what price will Americans start car pooling? What happens if we have a bigger economic collapse? What happens if a disease kills 1/5th of humanity? There are many things which could alter the projections of AVAILABLE oil and the PRICE of that oil.
What are the Russians the #1 producer today? WHo predicted that? NOBODY!
Great presentation, Chris. Well synthesized, very informative.
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@jhopndontstop Those farms (e.g. corn for ethanol) can displace as much or more life than an algal bloom from nutrient runoff. I haven’t heard of petroleum causing algal blooms…maybe. But life in the ocean (above the dark floor, which already receives no sunlight) is far more mobile than that trapped in lakes or rivers. Also most of the harm from algal blooms is from the decaying matter – not an issue if we continuously harvest it. A valid concern might be the change in ocean currents, if any.
I’m hoping to see nuclear fusion power stations within my lifetime…
correct.
@walksthedesert

So the concept of the reply button is known to you after all. Funny you weren´t able to press it in the first place….
The majority likes our products and I´m respecting the majority.
We all do.
Even the UK is benefitting from our success.
Yesterday I´ve bought a Stanley thermosbottle.
Made in China is written on the bottom. A license product from the UK. But it looks good.
I´m sure that it´ll do it´s job.
Your country has earned money because of us, Walkthedesert.
@megatwingo Your limited grasp of things continues with your comments, How can I be avoiding your reaction if I decide to post this in public. Also the idea of being afraid of verbal comments from a mental midget such as yourself is amusing. As with WWII your little fascist pipe dreams of a one Europe controlled by Germany will be smashed by reality in the coming years, People such as yourself never understand or respect the majority usually because you think you know what’s best for everyone.
@walksthedesert
The only real interesting thing is, how you managed it to write this comment without pressing the reply button below my reply to you.
Afraid of a verbal reaction from me?
Anyway. I had a look into this thread again and found your lines. Good luck, isn´t it?
Everybody is able to benefit from a united Europe.
That includes Germany, too. Our benefit for all our bail out money and be the paymaster of the EU for decades are the better possibilities to export our goods.
@megatwingo Its very depressing to see such self delusion in your text. This conveys such a poor grasp of economics and debt issues.Interesting how you talk about investing in a United Europe then finish off with some implied glee because the German benefits, noting you don’t say the European benefits. As far as a Unified Europe is is concerned, you can take that and shove it where the sun doesn’t shine, especially a German lead one.
@walksthedesert
The tax money we are investing in the unified Europe and in the Euro is coming back. Big time.
It simply helps our exports. That´s all.
And like I´ve said before: Our economy is growing in very nice numbers.
We even bought the New York Stock Exchange.
Yes, it costs the money of the German tax payer. That you can only see this investment and the first costs is typical for a short term thinking.
It pays off for the German tax payer big time in long terms.
It starts even now.
@ger1ist
I would make little steps. Get rid of the Mercedes. There are other cheaper cars, that are reliable, too.
You are paying mainly the prestige and the name, when you buy a regular Mercedes.
Okay, a Mercedes is high class quality. But the main amount of money for buying it you are paying for the name and the prestige.
It is even possible to drive everyday with a French car. Like I´m doing it.
To sell your Mercedes isn´t a major step down in your standard of living.
@megatwingo Maybe you are right but as you know it is easier to go up in the standard of living than it is going down. So once one notices that the standard is going down even if it is only fractionaly one complains. I do know that other people in this world live in poor conditions and I do appreciate what I have.
@ger1ist
What I hear from you is a complaining on a high living-standard level.
So they repaired the streets in your area? And what exactly are you complaining about?
This is the thing, I would complain about:
Our national character. Endless complaining about everything.
Even if we are living in conditions where 90% of the world would LOVE to live into.
I think, you could easily drive a cheaper car.
Your house is luxury enough.
Your work is eating your nerves. The Mercedes isn´t worth that.
@megatwingo Well I live close to Stuttgart and they have just been patching up the potholes in the last couple of years, as for the schooling situation my children are home more than at school because there is no money to employ more teachers, which means that when a teacher is sick they don´t have a substitution. I wonder where these thousands of teachers were sent. Comparing to other cities in the world we might still be ok but how long still. Maybe I´m to negative, I hope so.
@ger1ist
You are owning a house?
A NEW Mercedes?
And then you are wondering, why you AND you husband have to work both hard?
I see nice maintained streets without potholes. I see an infrastructure, that is several classes better than in the most countries on this planet. Included the USA.
Right in these days they´ve decided to employ tousands additional teachers.
The only city I know that is bankrupt is Berlin. And even that city is doing well compared with other broke cities of this world.
@walksthedesert I know for a fact that we as German tax payers are going to have to pay!
@megatwingo Well I´m also an average German own a nice house, drive a new mercedes, but my husband and myself have to work hard every day to keep our standard of living. A few years ago my husband wanted me to stop working, well now he is glad that I am because we are dependent on this money. I just have to look around to see that most cities are broke, they haven´t even got money to employ more teachers or fix the roads properly. I don´t see anything posative in the world at the moment.
@ger1ist Germany’s desire to be in central command of a one European Country will cost the German tax payer big time. Tell you what, you go and return to your sleep and enjoy your time there and I will wake when all the nasty conspiracies have gone away.
@ger1ist
I´m an average German. I have a pretty comfortable life and so have all the people I know.
Germany is growing with (international verified) growth figures about 2 and 3 percent over the last few moths.
I´m watching and reading different German and international news.
But if it isn´t fitting into your doom/conspiracy view of the world it all seems to be not the REAL media and the world around me isn´t the real world.
Show my the light, please.
I was so blind in my dream world until now.
@sweiland75China ownes the whole world, they are secretly taking over the world financialy and nobody will notice this until it is to late. They are taking all our thechnology and will be the next super power. The western civilization is doomed. They are buying all the gold and silver, soon their currency will replace the dollar.
@megatwingo I think you are living in a dream world, we are struggling (at leat the average Germans) so either you are rich or the crisis hasn´t reached you yet. Germany is the number 4 in the world what debt is concerned. So what these guys are saying is the truth, just in a humourous way. This country is broke but most people are blind and believe what the mass media says.
A good show…with one little flaw: We (Germany) aren´t struggling.
We are growing with satisfying percentage numbers.
In fact we had enough money to buy the New York Stock exchange.
The Euro was our idea.
Let´s see, what will replace the Dollar soon.
Greetings from Europe
Start a WAR!, make more trouble and money by taking other countries money’s from them! LOL. Call in Captain America, he’ll save us all
so in brief… Europe owes China
haha genius
sell everything immediately, quickly!
@ghpatriot better than some one taking your money to buy more cars and houses.
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LMFAO! funny stuff