Four decades later, the world consumes between three and six barrels of oil for every one that it finds.

There, on my small piece of land,

The company produces soy sauce and other food products.

However, in 1970,

Evidence is now mounting that world oil production is peaking, or is close to it.

That country's wealth comes from its oil.

Uh huh.

The well delivers a great deal of oil.

Boyfriends?

No. Oil and real estate.

Perm

Palm Springs International Airport

Once an oil well starts producing oil, it's only a matter of time before it enters a decline.

Palm Springs,California 2 Weeks Later

As most power is generated from fossil fuels, this is not a solution.

In due course, Britain started using oil and gas from the North Sea, and in the year 2000, oil and gas production from the North Sea also peaked, and they're now on the decline.

Now I had people in Washington last week told me, he said, The Saudis can produce the oil for five dollars a barrel.

This oil field used to produce an order of magnitude more oil as it does now.

They all depend on cheap oil, but oil is peaking.

It's just a sign of things to come.

Paul Ryan and I have 5 steps.

He risked his whole fortune to discover new oil fields.

And the thing about John D. is that he went into this chaotic wild east of oil industry, and he rationalized it into a vertically integrated company, a multinational.

When refined, crude oil yields many products.

I learnt many things here.

Mass production?

We made this game in 2007.

They've funded research that shows that we can double global palm oil production without cutting a single tree in the next 20 years, and do it all in Borneo alone by planting on land that's already degraded.

Shell geophysicist M. King Hubbert predicted that America's oil production would peak in 1970, 40 years after the peak of U.S. oil discovery.

When Japan and Italy go in on the side of Germany, the U.S. embargoed oil to Japan.

The Palm Pilot's design process provides us with a wonderful example of prototyping.

OK.

Lady, this isn't the Palm.

But that's not how much income we made, because there was a

We've got to reveal the dangers in the product.

And as an economist, we can also look at that side of the story. These are people who are productive agents in the economy.

2006 was a great year.

Now let's say I can take this 20 thread and I'll stay with white I can take this 20 thread and I could throw in some more labor

Oil has played an important part in the progress of Japanese industry.

Gross National Product is not the same as Net National Product.

Over 40 years later, the decline in the discovery of new fields seems unstoppable.

Life was very small for most people.

And to understand it, let's think about how jeans might be produced.

Or, another way to think about it is the cost of production.

National message. Targeted individuals.