Comments on: 60 Minutes Confirms Ed Wallace’s Rants

By: Joe

Joe — Thu, 15 Jan 2009 01:16:08 +0000

Ah, the world according to Ed Wallace! He’s still a car salesman who claims to be a journalist. Not!!!! His website is supported by people who are his friends (meaning they pay for his friendship) and he has got to be scared to death that his friends are in the dinosaur category.

If he was so smart, why didn’t he warn his “friends” that they were all going to be in the tank soon?

By: Rob

Rob — Wed, 14 Jan 2009 01:11:53 +0000

The best way to store electricity is to use it to increase potential energy. Pump storage facilities do this in areas that have natural elevations to use for creation of a lake high above a generation station. Not too many areas in west texas that I know of that will work for this. No extra water to put into a lake to evaporate either.
Best use of this is in Northeast where excess Nuke energy is used overnite to pump water up, then harvested during peak energy use hours (all within a 24 hr period)

PS transformers do store energy, in the magnetic field during part of the 1/60 sec cycle.

By: Clifford J. Wirth, Ph.D.

Clifford J. Wirth, Ph.D. — Tue, 13 Jan 2009 23:22:16 +0000

HI ED,

Yes, I am a walking conflict of interest. But I knew about Peak Oil at age 10, and then taught about it for years, and then was terrified when I realized it was really here.

I was terrified before I put my website together, and I don’t make any money from Peak Oil Associates, rather I loose a lot.

Total income = a series of speaking engagements in Albany, NY last June, paid transport/per diem and got paid some $500. I spent hundreds of hours because they really did not want to hear what I had to say, and the group wanted me to say what they wanted. Good grief. No one wants to hear about Peak Oil, and people will spend a fortune to get their fortune read, or $50,000 on a new car, but not a dime to learn how to survive this catastrophe.

By: Larry

Larry — Tue, 13 Jan 2009 21:53:51 +0000

Just follow the money:

Al Gore makes tons of money selling the bogus idea of global warming.

Tons of folks make money selling the idea of peak oil (like Wirth).

I respect Ed Wallace because he makes his money peddling information he believes to be true irrespective of whose ox is gored (Pun).
And he backs up his information with quality research and critical thinking.

That said, I don’t buy peak oil for the hear future. I DO buy peak CHEAP oil. At some point, we will have to mine shale oil and increase tar sand production and that will cost serious money.

Our economy is based on cheap energy. Count on a lower standard of living as energy gets ever more expensive. Make sure your kids get a quality education and learn the meaning of hard work; handouts will dry up as the tax base shrinks.

Tons of folks will be growing victory gardens instead of grass.

By: lee lee

lee lee — Tue, 13 Jan 2009 20:16:37 +0000

Mark:

Ed may be a legend, but it’s not in his own mind it’s in the facts. Jealousy is not a pretty trait.

By: jmp

jmp — Tue, 13 Jan 2009 17:57:54 +0000

The scam is that Boone wants all of us to pay for an energy sourc (Wind) that is not the most reliable. If he wants to do it fine let him spend his own money. Last time I look the water seemed to flow more than the wind blows

By: Ed (Not Wallace)

Ed (Not Wallace) — Tue, 13 Jan 2009 17:57:49 +0000

Dr. Wirth-

I find it highly suspicious that you are promoting the idea that we are in “peak oil” when you make your living talking and consulting about peak oil.

I also find it comical that Mr. Wallace was able to prove your work wrong in under an hour. Your evidence is from people that are trying to profit from peak oil. Try using reputable information.

-Ed

By: wcm

wcm — Tue, 13 Jan 2009 17:44:56 +0000

Ok, sue me I was wrong about transformers.

My point is that if you can make a turbine spin via water or wind, you can generate electricity. I din’t see where a scam was involved.

billusa99 – since hydroelectric turbines ALWAYS spin, what makes them spin if there is a severe drought and the lake dries up?

By: Mark

Mark — Tue, 13 Jan 2009 16:51:04 +0000

Ed Wallace, a legend in his own mind.

By: Mike

Mike — Tue, 13 Jan 2009 15:20:02 +0000

Limited oil supply (gold, oil, you pick it), the price goes up. Got it. But as price escalates, demand slows down. At the same time, alternatives to oil (zirconium, electric, you pick it) gain in supply. In a relatively brief period of time, we put a man on the moon, and decades ago. We send hardware to Mars. Got a hunch, we’ll see the evolution of the fossil fueled car, not only to hybrid, all electric, hydrogen, but nuke. Probably not for twenty years, but so what. It will give my engineering minded daughter something to invent or help create. Hope to God the sky is not falling, but if it is, see you in heaven.