Wednesday, October 24, 2007
Oil and food prices, the bigger picture.
Peak oil represents a grave threat to our food supply. Few are aware of how important the petroleum industry is to the agricultural revolution in which we live. (Graphs in report show how use of fertilisers and oil/acre plummet with higher oil prices).Peak oil will do several bad things to the world's energy supply. It will force us to use coal, and the US turns its 200 year supply of coal into a 44 year supply. This implies that by the end of this century, we will NO LONGER have fossil fuels FOR ANYTHING. Going back to an animal-energy based economy means that approximately 5/6ths of us must die. The post fossil fuel world, lacking some new energy source, will consist of not many more than 750 million souls. What an ugly century this will be.