{"id":40883,"date":"2018-11-24T11:25:14","date_gmt":"2018-11-24T16:25:14","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40883"},"modified":"2018-11-24T11:25:14","modified_gmt":"2018-11-24T16:25:14","slug":"what-is-peak-oil-and-how-can-it-lead-to-global-economic-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40883","title":{"rendered":"What Is \u201cPeak Oil\u201d and How Can It Lead to Global Economic Collapse?"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"http:\/\/survivalupdate.com\/what-is-peak-oil-and-how-can-it-lead-to-global-economic-collapse\/\">What Is \u201cPeak Oil\u201d and How Can It Lead to Global Economic Collapse?<\/a><\/h3>\n<footer class=\"post-info\">\n<hr \/>\n<\/footer>\n<\/header>\n<div class=\"post-entry entry-content\">\n<p>Despite a steadily improving economy in the US, the same cannot be said for much of the rest of the world. And while there are strong and growing economies in places like China that can literally give the US a run for its money, there is one undeniable fact that many believe can and will eventually bring the world economies to a devastating state \u2013 we are using far more energy than the world\u2019s oil reserves.<\/p>\n<p>Dr. Stephen Leeb, who holds degrees in economics, mathematics, and physics, writes in his book, The Coming Economic Collapse, \u201cThe crisis is energy-related and will be brought about by the conflict between rising global demand for energy and our growing inability to increase energy production.\u201d The supply and demand dynamics of oil are so out of balance that Leeb predicts it will not be long before we see crude oil at $200 per barrel!<\/p>\n<p>In Dr. Leeb\u2019s first book, The Oil Factor, which was written several years ago, he predicted the price of a barrel of oil would go to $100. It did reach a high of 113.00 in 2011. And while prices have dropped since then \u2014 largely due to stepping up in US production \u2014 they are trending back upward and are currently around 75.00 a barrel.<\/p>\n<p>Professor Leeb\u2019s concepts are still valid \u2014 oil is still a limited resource. He just may be off by a few years, just like Orwell. 2018 is right now looking a hell of a lot like his \u201c1984.\u201d<\/p>\n<p>Most of us are woefully in denial about how much oil there really is remaining in the world\u2019s oil reserves. We have been lulled into this ridiculous notion that the supply of oil is limitless.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What Is \u201cPeak Oil\u201d and How Can It Lead to Global Economic Collapse? Despite a steadily improving economy in the US, the same cannot be said for much of the rest of the world. And while there are strong and growing economies in places like China that can literally give the US a run for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[150,23195,236,617,728,23194,23196],"class_list":["post-40883","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-collapse","tag-dr-stephen-leeb","tag-economic-collapse","tag-peak-oil","tag-shtf","tag-survival-update","tag-the-oil-factor"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40883"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40883\/revisions"}],"predecessor-version":[{"id":40884,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40883\/revisions\/40884"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}