PEAK OIL

Professor Heinberg explains what '˜peak oil' means. The theory of peak oil started with M. King Hubbert, who said that global oil production would decline. Predictions for when global oil reserves will run out vary but there is general consensus on oil depletion.

Professor Heinberg explains the effects of '˜peak oil'. The theory of peak oil says that global oil production is in decline. Because our economies rely so heavily on cheap oil, global oil depletion will affect everything from transport to housing to food supply.

Economist Richard Douthwaite discusses the impact of peak oil on the world economy. Our current economic model requires sustained growth based on cheap fossil fuels; oil depletion, rising oil prices and climate change will cause a global economic crisis.

Professor Heinberg discusses the links between peak oil and global warming. We need to reduce our use of fossil fuels to prevent climate change. This would reduce the risk of oil wars and help stabilize oil prices as the global economy transitions to renewable energy.

Jeremy Leggett sets out what will happen if we run out of oil or run out of fossil fuels. If the world oil reserves run out, it would cause a global oil crash which would severely affect business and life as we now know it. However, peak oil could lead to a revolution in green technology.

We need to find ways to deal with oil scarcity, Professor Heinberg. Peak oil is more than an economic risk. We must control reduction in global oil supply and consumption. This would reduce the likelihood of oil wars and help stabilize oil prices.

My Daily Blog is at: http://investorandtrader.blogspot.com/This is a video response to a video of Thom363. First of all, here's the link that I mentioned:http://timingcharts.com/Go to the drop box that says: Commodity, and change it to: Crude Oil, and then click: GET CHART.

We're ending our reliance on fossil fuel, says Jeremy Leggett. Oil prices are increasing, alternative energy costs decreasing. In 2009, over 60% of new electric generating capacity in Europe was from renewable energy sources, such as solar energy and wind energy. The threat of peak oil means a huge growth in investment in green technologies.

AAA reported today that the price of gas had reached a national average of $3.79 per gallon for regular grade, a $0.29 jump over the last 2 weeks, and nearly $1 higher than the same time last year.Former president of Shell Oil John Hofmeister predicted that American could be paying $5 per gallon by 2012.Drivers are already altering their habits. Data from MasterCard's Spending Pulse showed fuel consumption down 3.6% in the week ending April 1st.The average price for a gallon of gas reached a peak of $4.11 on July 17, 2008.Oil is trading down 3.42% to $106.16 per barrel.