International
Conference
on Peak Oil and
Climate Change:
Paths to Sustainability
Aaron Wissner
Aaron Wissner - Peak Oil (and Gas
Prices) in Five Slides
Gas prices are rising, at this rate,
the average price of gasoline in the USA will rise from $4 per gallon to $10 per
gallon in less than seven years. Oil prices are also rising, and if they
continue going up at this rate, will be $1,000 per barrel within 10 years.
What is causing gasoline, diesel, propane, fuel oil, petroleum and oil prices to
rise so quickly?
The answer is that demand is increasing all over the world, everywhere, but at
the same time, world oil supply is NOT increasing. In fact, world oil supply was
"stuck" at under 85 million barrels per day for over three years. We may
be at peak oil, and the economic impacts we have seen may just be the beginning.
Using his renown "Peak Oil in Five Slides", Aaron Wissner explains what is going
on, and how rising prices are related to stagnant oil supply.
VIDEO
Aaron Wissner - Peak Oil (and Gas Prices) in Five
Slides
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