Another Cheery Peak Oil Video...

With a little conspiracy theory thrown in for good measure.

The one factor the peak oil doomsday folks don't talk about is demand destruction. We have seen evidence of this all ready at $140 dollar oil and $4.00 gasoline.

As prices move ever higher in a "peak oil" world demand will continue to drop, and as prices increase alternative energy supplies will increase.

These boys paint a very disturbing picture and I don't have the information to know if they are any where near the truth. Watch with an open mind as they could all be 100% wrong.

I don't buy the 911 connection and they certainly don't offer the other side of this story.

However I do think the world becomes a more dangerous place as the oil supply depletes.

As Oil Giants Lose Influence, Supply Drops

Jorge Silva/Reuters
Workers in an oil field in Venezuela, one of the countries that experts say hold the oil supplies of the future.

"It is harder than ever for the major Western oil companies to find new prospects, even though they are awash in profits and eager to expand." Jad Mouawad, New York Times

Click on the read more icon for the full NY Times story.


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A Crude Awakening

The world seems to think that "big oil" represents greed at it worst, or finest depending on your economics. In reality it's fear that has the price of oil north of $100.

This film is a few years old and certainly paints the worst picture, but is interesting as we see oil come down off its all time highs.