Every time I listen to you I understand things a bit more. This show is great! I have not understood Peak Oil so well before. Yesterday’s show was very good also.

I appreciate what you are doing, but listening to your take on Peak Oil was painful. Peak oil is a ruse designed for control. Although you can turn garbage into oil, nature can not. Even if you spill oil on the ground it will be broken down biologically and the potential building blocks (organic) are more readily broken down. There is biotic coal, if you understand that it should scare the hell out of you. Oil is abiotic, created about 15 miles beneath the earths surface. The source of oil was first exposed in a Russian research study in 1898. Peak oil was invented by corporate insiders to control the prices. The oil reservoirs are along subsurface channels and find their way into reachable reserves over long periods. Many abandoned oil wells have already begun to refill and are being tapped again (in the Gulf). With the new deep drilling rigs we are able to tap oil closer to it’s source. This also carries the hazard of releasing it while it is still forming and includes some very hazardous gases (as in the spill). We have 3 major reserve fields in America that have been tapped and capped. These contain enough to keep us at present consumption rates for 2,000 tears and never import another gallon. The problem is that it would drive oil to about $16 per barrel. There are no available refineries in America to handle this and it is doubtful that there will be as long as “Special Interest Groups” rule our nation. Energy is the fountain of economy. If you loose it there would be a boom in freedom as well as entrepreneurship. We also have enough natural gas reserves to run the nation (renewable) and a new form of nuclear power that is 15 times more efficient (productive) than the present form and the resulting nuclear waste can be stored above ground and depleted in 50 years (at Lawrence Livermor). The Feds defunded the research and buried the documents because of it’s detriment to the trillions of dollars and draconian governments that are now in power. Just so you know.

I was laughing so hard I choked on my cupcake at my desk; “Do their cars run on bee power?” Hahaha. Nice one mate. I’m trying to work out what kinds of emotional and mental preparedness would come in handy and having my sense of humour survive a disaster would be high on my list. It is too easy to ‘catastrophize’ (I think I made that word up) if we are not prepped and even when we are ‘ready’. Other emotional/psychological items to prep: mental resilience, uplifting philosophies(NOT The Secret and its ilk), music, poetry and of course Love.

Loved what I have heard so far-I came here on Chris Martenson’s coat tails via a link on his site. As you said, listening to people who have a good idea of risk and preparedness(such as you and Chris) validates our feelings and ideas of what could be on the horizon. I thought I was going crazy for a while with how I have been bringing these issues up time and time again with friends and family. Thanks for being ‘crazy’ too.
Be well.

@timfromohio, on that secret group shhhh. I’m not only an independent oil producer but I also have a black helicopter hidden in my back yard :p

A sobering listen Jack. What worries me, is like you mentioned. Nations shutting off exports to meet local demand. Iran is close to that as well. The Saudis are not telling us the ratio of water to oil when they pump the stuff out. And all we need is not peak oil, but a blockage of the Strait of Hormuz to get things started, jeepers, even a ship sinking in that narrow passage would cause havoc.

Jack,
Good show on Peak Oil. I appreciate how much you emphasized that the supply/demand issue is really what it is all about. You alluded to it, but as another part of this, I think it would also be useful to mention to your listeners that the cost of extraction from a corporate financial investment POV is also critical. Oil companies have been happy as clams t pour huge resources into new drilling and extraction because their ROI was so massive. But as the oil becomes harder to extract, that ROI will (or, I assume, HAS) begun diminishing. It will not make financial sense for companies, or for investors, to continue exploration if they know that the cost of extraction will only garner a modest profit. And of course at some point, the actual cost of extraction, even from an oil consumption POV, will be a net loss. Nobody will burn 2 gallons of oil to extract 1.

BTW, have you read James Howard Kunstler, or listened to his podcast. A good companion to your show. Keep up the good work.

Steven

I’m an independent oil and gas producer and a peak oiler just to let you know where I’m coming from.

Most people don’t understand the oil business, its dependency upon rock matrix physics and how those reserves est to production capacity affect available supplies.

If you really want to read a good book on how oil is produced, that peak oil is here and how it’s going to affect you I highly recommend this month’s released book by Dr. Robert Hirsch titled
The Impending World Energy Mess; What it is and What It means To You!

The authors have done an excellent job of taking these complicated subjects making them easy to read and understand. At 240 pages it can read within a couple of days.

Since the oil price crises is here and going to get much worse, it’s my opinion that every city council, every school board, and every government rep should have to read it. I think every should read it.

The Joint Forces Command is at least paying attention
http://oildepletiondebate.blogspot.com/2010/04/united-states-joint-forces-command-us.html

Nobody is going to get out of this mess.