Bitcoin Forum

An interesting video about the effects of peak oil in the economy by the post carbon institute.

http://www.youtube.com/watch?v=-rn7A-Ih8nE

The exponential growth of debt must and will end.

Cheap renewable energy can replace\is replacing cheap fossil fuels.

But we do need to rethink things.

The Modern Republican Party, and SOME undercover Democrats.

But not at the rate that would be necessary to replace them if we want to keep on with our exponential energy demand.

So the problem doesn't exist?

Check out chrismartenson.com if you haven't already.  Similar theory.

Yeah, our planet is finite. But we're going to space. Economic growth will continue.

Thank you, I've already read much of his web and saw the "crash course" videos.

http://en.wikipedia.org/wiki/Abiogenic_petroleum_origin

Here is a penny for your thoughts. This theory makes alot of sense if you consider some facts about oil wells.
Some of the never dry out and get replenished on a regular basis.

This does not mean we are not using too much of this stuff (whatever it actually is), but the supply of oil wouldn't go to zero. The issue is not that we are using up all the oil but rather that we are using more oil than the earth can produce. People have been fear-mongering about peak-oil & global warming for a long time (since the 40s!  :o) and each time the time-line was revised. It will be no different this time, except the banking collapse will drive production down.

I am not completely convinced of the correctness of this theory but I do not believe the current "consesnus" either.

peace  8)

Even if the earth produces the oil, it has been doing it for millions of years and we are consuming half of it in a century. The problem is not running out of oil. The problem is just "not producing this year more oil than the last one".

We're addicted to a growth in energy consumption and fossil fuels cannot provide that forever. It's not how much oil there is or how fast is produced by the earth (it that theory is true). The question is that if we consume more and more, we will eventually consume more than the earth produces (probably that point happened long ago) and then we eventually end up the reserves. But before ending the reserves, we will reach a peak in production. After that peak we will produce less and less each year. We will have to get used to a shrinking energy consumption and many things have to change in our society, starting with money.

Well defiantly not until we strip our entire planet of resources and devastate it , drilling for resources is cheaper than fight against power of gravity.

Not with that attitude. Damn you liberals you are the reason why I am not yet living on venus  :)

I wouldn't call Murwa a liberal.

Well obviously some wouldn't get get it  :P