Geo Destinies in the Coming Age of Geo Scarcity - part 3

Tom Whipple of the Association for the Study of Peak Oil and Gas (ASPO) explains Peak Oil as the all-time maximum rate at which the world's oil is being produced. He discusses global oil production and peak oil.

Various types and sources of petroleum are discussed, along with their uses. Whipple discusses petroleum resources, reserves, and flows. While we are depleting petroleum resources, demand is growing, especially in China.

The energy requirements (in terms of EROEI) to produce a barrel of oil are increasing, as are the costs of oil production. The hype of self-sufficiency is discussed, and fracking is shown to be inadequate in the long term.

Presented at the Social Contract held its 36 Writers' Workshop conference in Washington, DC, September 30, 2012.

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