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Dr. Hirsch Discusses Peak Oil on CNBC

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Dr. Hirsch Discusses Peak Oil on CNBC

Channel: News & Politics
Uploaded: May 20, 2008 at 6:04 pm
Author: JoulesBurn

Length: 03:50
Rating: 4.83
Views: 29532

Tags: Oil  Peak  

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baysar (August 14, 2008 at 3:12 am)
Yes, you may be right, but drilling companies get paid to drill.... even if they dont get any oil out... As an investor, that would be huge news and would mean massive profits for oil drillers... So if this happens.... take advantage of it and invest your money in Oil drillers
Bredac (August 13, 2008 at 7:38 pm)
temporary solution for long term problems...it takes 6-8 years to get the oil from the proposed off shore drilling and ANWR...think about how much energy goes into obtaining this limited oil...definitely not worth it.
danbuck333 (August 3, 2008 at 10:19 am)
thats the way use all of it up so future generations have nothing to use
neoconcrackaddict (August 1, 2008 at 3:16 pm)
We can make oil from algae. It's cheaper than sucking it out of the ground, doesn't pollute, and it's renewable so it will not run out. The only reason you're not seeing it at the pump is because it hasn't scaled up to production yet, and probably won't for the next few months.
baysar (July 31, 2008 at 3:19 am)
DRILL MORE!! invest in DO and RIG ppl and get rich
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JoulesBurn (July 13, 2008 at 2:03 am)
and also: 1) Oil shale has the same energy content as a baked potato. Just like with potatoes, one needs to bake oil shale to make it useful 2) oil shale has never been profitable, and probably never will be 3) similar to the oil sands of Alberta, it's not the total amount of fossil fuel underground -- it's the rate at which it can be extracted. And that is rather small compared to Saudi wells which gush 10,000 barrels per day per well in their best (but dying) fields. 4) water
mrgatorland (July 13, 2008 at 1:36 am)
One word of advice, people buy more fuel economy friendly vehicles. Don't drives your SUV's and Trucks to work. Get a small car, a scooter, or bike. Conserve all you can. It is sad to see people driving a suburban with only one person in the vehicle. We must become energy independtly. We are too wasteful and uncaring as a whole. We need to cut back and be thankful for what we have. It digusts me to see people complain about gas when the vehicles they drive get 12 mpg.
mrgatorland (July 13, 2008 at 1:32 am)
If the whole world would rely on nuclear power, it would only supply us for 15 years total. The amount of nuclear waste would be excessive. We cannot drill in certain areas because of environmentalist. But we can all blame them when gas hits 5-6 dollars a gallon in the coming months. Just think the next few years. Of course we will run out of oil, but until we implement new fuel sources, we need to tap into the places that still have oil waiting to be drilled.
mrgatorland (July 13, 2008 at 1:27 am)
Also, let me say, that what I am about to say never happend, lol. Going against what everyone has been saying about no new oil dicoveries, under colorado, wyoming, and nebraska there is a supply of oil shale 3 contains 3 times the amount of oil the Saudis have. At current US oil demand, yes all the millions of barrels we oil greedy Americans consume, it would provide enough oil from 200 years. The only problem is that every barrel of oil would leave about a 2000 pounds of rocks.

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