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

No. Oil and real estate.

The well delivers a great deal of oil.

There, on my small piece of land,

However, in 1970,

He risked his whole fortune to discover new oil fields.

The company produces soy sauce and other food products.

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

It's just a sign of things to come.

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

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

When refined, crude oil yields many products.

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.

That country's wealth comes from its oil.

I don't believe we should.

He is said to have made a fortune in oil.

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

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

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

So I decided to track down one of the world's most respected authorities on the subject.

This is the greatest challenge that our country will face during our lifetime.

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

The difference between

And one of the worst of these is what it does to our standing in the world if other countries think that everything we do is about oil, if we have to treat countries that have oil differently than countries that don't have oil.

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

Oil Paint...

Oil Paint

Oilpaint

Alright. What else?

Then Hurricane Dennis came along and it did a Iot of damage, including to the oil industry.

We ll be free in our dependency on foreign oil in 17 years. Im Colin.

Hm? What is it?

I need to hurry up and finish so I can practice.

But he's come so far! Very, very charming!

We added in more sugar.

Right.

He's a fuel merchant.

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

The plant also gets smaller.

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.

Security is the greatest enemy.

Paint

Oilpaint Filter

Oilpaint filter

You can't just drill a hole and pump it out.