The day of reckoning on oil as an energy source is approaching and the world does not have a contingency plan.Â The world's output of conventional crude oil has peaked and global oil exports are past their prime. The unconventional sources (tar sands, heavy sour crude, ethanol, natural gas liquids, bio-fuels and shale) are struggling to keep up with the ongoing depletion in the world's largest oil fields. Therefore, it is probable that the world's current production of total liquids is ...
It should be reasonable to most people to understand that energy is an analog for food. If you look atÂ a chart of oil production and compare it to population, it seems obvious that food and fuel are the same thing under a different cloak. Energy is food is population. That creates a giant problem. Peak oil means peak food means peak population. The revolution in Tunisia first; now Egypt andÂ soon in Serbia are not about religion or dictators or police states. ...
Wiki Leaks has released information that Saudi Arabia's crude oil reserves have been overstated by as much as 300 billion barrels - nearly 40%. Â The US fears that the world's largest crude oil exporter may not have enough reserves to prevent oil prices from escalating. Read Full Article: guardian.co.uk
Both green enthusiasts and peak oil pundits should be starting to panic after the release of a new paper by researchers at the University of California, Davis. Â The paper states that it would take 131 years for replacement of gasoline and diesel given the current pace of research and development. Full story
'The myopic view of the world by politicians, the mainstream media and the American public in general is breathtaking to behold. Depite the facts slapping them across the face, Americans believe cheap oil is here to stay.' Full story: Market Oracle
A German army report has been leaked to the internet, which says "that peak oil will occur around the year 2010 and that the impact on security is expected to be felt 15 to 30 years later". The impact on cities and economies will be severe. Read full article: Business Insider
It is an open secret that the downtown of Detroit, Michigan is as empty as the residential districts that surround it. As heavy fossil fuel reliant industries and products become increasingly redundant due to rising fuel costs from peak oil shrinking local economies will continue to make some cities redundant.
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