Monday, Oct 22, 2007
The Bigger Picture Is, Always Was . . . Oil
The Guardian: Steep Decline In Oil Production Brings Risk of War & Unrest
The Energy Watch Group bases its findings on audited figures for oil production and consumption rates - not on projections of possible future discoveries. Hint: there haven't been very many.Once the markets start to factor in the ramifications of our transition from the oil age (and most of the things we make require oil as a basic raw material, in one form or another) to an as yet unknown future, expect the sort of turmoil that will make 1929 (when all the resources were actually still in place, ready to be used!) seem benign. Welcome to the new paradigm. Start making your plans.
Posted by lierbag @ 08:58 AM (532 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. sold 2 rent 1 said...
The massive slowdown in global growth over the next 5 years as a result of the debt super-cycle imploding should ensure oil demand comes off at least 10-20%. If we are lucky then this should buy us some extra time to develop renewable energy strategies.
2. shipbuilder said...
Renewable energy won't solve the oil problem - take a look at a list of the things we use every day that require oil other than as an energy source - truly scary. We are simply not looking at switching to wind or wave power and 'problem over, folks.' Current administrations don't have the stomach to make the big decisions required - we need changes to the way we live, what we eat, our monetary system......changes so fundamental that they are simply beyond what most people will accept - what CEO or president is going to do that during their term?