back to the nights conversations with great minds with richard heinberg his most recent book snake oil fracking as false promise of plenty imperils our future he's also senior fellow in residence at the post carbon institute richard you were talking about in the last segment how oriel is so essential to transportation and agriculture and yet it is a finite resource we are approaching peak oil or have you know i've already hit it arguably the united states and what do we do about that. well you know ultimately we're going to have to learn how to use less there's no question about that. course the the industry would like us to think that there is no problem that that oil supplies are sufficient and even if there is some kind of difficulty with with oil production then we can always fall back on powering the transport sector with natural gas. but when we have post carbon institute see that as actually just as big a problem. the. transformation of the natural gas industry over the past few years to toward much greater reliance on unconventional gas mostly in the form of shale gas has been

mexico's decision to grant foreign companies access to their oil and gas fields i sat down with a richard heinberg earlier today heinberg is a senior fellow at the post carbon institute and an expert on energy and oil i wanted to get his take on this big news from mexico and what it could mean for that country and the rest of the world take a look at what he had to say. well you know certainly there are more oil fields that are yet to be exploited. to we're just going to reach will take place but you have to remember in the u.s. through the gulf of mexico. energy information administration of the u.s. department of energy for is forecasting production from that area to decline over the next several years so if if the us sector is not doing that well i don't see any reason to suppose that the mexican center is going to suddenly blossom now it's clear that natural resources are becoming a big issue as china and some other emerging markets they increase their oil consumption and in fact argentina for example have back to that if they expropriated their oil resources so how do you see the resource nat

growth was no longer possible that and more in tonight's conversations with great minds with richard heinberg. you need to know this as usual conservatives have been proven wrong on tuesday the government released its. annual report on the strength and outlook of the medicare and social security programs and months much to conservatives disappointment both programs are showing signs of improvement according to a two thousand and fourteen social security trust report trustees report social security's retirement program is fully funded through two thousand and thirty four and while social security's disability insurance fund is expected to run out in two thousand and sixteen it's also experiencing its lowest growth rate in twenty five years that's a good thing and as richard points out over the having imposed that two thousand and sixteen shortfall is easily fixed with a transfer of money from the retirement fund a fix which congress has already done a lot of in times in the past as for medicare the trustees report has a brighter outlook for that program compared to years past past predictions

that was richard heinberg senior fellow at the post carbon institute. time now for a very quick break but stick around because when we return dan beer is on the show now dan was the keynote speaker at this year's black hat cyber security conference in las vegas and he's giving us his take on the structural security of our financial markets along with his thoughts on privacy and the n.s.a. to really get together and in today's big deal edward harris and i are discussing the latest and greatest tech stories from this past week plus remember you can see all segments featured in today's show on you tube at youtube dot com plus the best r t and on hulu at hulu dot com slash. now before we go here a look at some your closing numbers of the bell come on the. lead. to try to. be pulling out of. your life or if you're reaching everybody. they. know well. a lot like that. little thing. sometimes for nothing the lead this season and. it's not just he still could still be john if you see. he stayed to speak to keep tabs but speech was. absurd lengths to get right t

growth was no longer possible that and more in tonight's conversations with great minds with richard heinberg. you need to know this as usual conservatives have been proven wrong on tuesday the government released its annual.

company come up so we look into it coming right out and senior fellow at the carbon institute richard heinberg sets out with me earlier today to talk about the latest news coming out of mexico and what it means for oil production and edward harrison is back he is back with the wonderful mr harris that is sitting down with these big deal to talk that you won't want to miss a moment of it all starts right now. our lead story today mexican oil wednesday mexican president and recreate pennetta yet signed a historic reform bill that will allow foreign companies to access or oil and gas fields in the country the reform is meant to make mexico's oil industry more competitive and drive economic growth in the world's fifteenth largest economy this is stored bill was approved back in december of twenty thirteen but wasn't signed until this week the reform ends a seventy five year monopoly that barred foreign participation in the market since nine hundred thirty eight pemex mexico's state owned oil giant has held a monopoly over oil and gas this reform aims to make pemex more efficient through cooperatio

coming up so we look into it coming right up and senior fellow at the post carbon institute richard heinberg sat down with me earlier today to talk about the latest news coming out of mexico and what it means for oil production and edward harrison is back he is back with the wonderful.

company coming up so we look into it coming right up and senior fellow at the carbon institute richard heinberg sets out with me earlier today to talk about the latest news coming out of mexico and what it means for oil production and edward harrison is back he is back with the wonderful mr harris that is sitting down with this big deal to talk that you won't want to miss a moment and it all starts right now.