When refined, crude oil yields many products.

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,

But the growing dominance of the market economy, where the products of our intellectual labors are bought and sold, produced an unfortunate side effect.

The factory produces cotton goods.

There's an oil refinery and a scrap yard.

The company produces soy sauce and other food products.

However, in 1970,

Our vision is local manufacturing,

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

That country's wealth comes from its oil.

When I talk about capacity in this video, I'm speaking in very general terms.

The well delivers a great deal of oil.

You have the crude oil.

When you have a patent, you can exclude anyone else from making, from producing or making

The original idea of ACTA is to internationally protect intellectual property.

Global Research Innovation Technology and then we also teamed up with a big manufacturer in India, Pinnacle Industries, that's tooled up now to make 500 chairs a month and will make the first batch of 200 next month, which will be delivered in India.

No. Oil and real estate.

But what interests my company the most is the fact that you can create individual unique products en masse.

I do a lot of pairings to try and get the sense of scale in these places.

We need to fly to Luts station.

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

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

How are you going to feed Britain? How are you going to feed London?

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.

The new sawmill.

It's produced in the fertilizer industry it's produced in the chemical manufacturing industry.

And I really understood what patient capital meant emotionally in the last month or so.

This factory uses an integrated manufacturing system standardized from parts on through to finished products.

The new sawmill.

Often, the oil we find now is heavy or sour crude, and is expensive to refine.

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

I thought that it wrote Texaco! I wanted to stop for petrol!

Uh, Acorn Falls.

This is a meth lab, you idiot!

What is this even useful for?

Unlike an aircraft carrier or an atomic bomb, you don't need a massive manufacturing system to build robotics.

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

We're four percent of the world's population we use 25 percent of the world's oil production.

Simon Kuznets, in the 1930s, said that, A nation's welfare can scarcely be inferred from their national income.

To produce those 3 million widgets for 1, it cost me maybe 0.30 a widget, or 0.33 a widget.

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

It's just a sign of things to come.

Somebody solvent?

Paul Ryan and I have 5 steps.