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Peak Oil and Its Consequences Video 2
Contributed by Max Keiser
Max Keiser
In the Peak Oil and Its Consequences 2 Video (12min 35sec) Max Keiser looks at the issue of Peak oil and its consequences. "Civilization as we know it is coming to an end. No, these aren't the proclamations of a dooms day cult, but rather the scientific conclusions of some of the world's leading geologists, bankers and investors.
"The world's oil is running out. It's peaked. We're consuming far more oil than we're producing and discovering. This are looking pretty desperate. Even for our own Max Keiser who's lost in the desert on the way to Saudi, the world's biggest oil producer..."
Robert L. Hirsch - Energy Consultant: "How this thing unfolds is extremely difficult to know. There's a number of folks who feel that the market can take care of the problem, itself. Most of those people don't understand how fast oil supply will decline, how fast we'll have shortages, and how fast the shortages will grow..."
Randy Udall - Association for the Study of Peak Oil and Gas: "What people don't understand about energy is that energy is the original currency. Energy is the source of all wealth. People say, economists say, well oil is only a sliver of our economy. It's 2%. It's 4%. 5%. Big deal if oil prices go up. Oil may be only a sliver of the economy, but you can't..., try running the rest of the economy without oil."
Video,
Articles, and Daily News are all added frequently to
taosplaza.com.
