Friday, April 30, 2010

Peak Oil and the Environment

I have recently read quite a few alarming oil analyses. I urge readers to check them out.
http://www.marketoracle.co.uk/Article18948.html

http://www.theoildrum.com/files/Tipping%20Point.pdf

The only reason inordinately expensive off-shore drilling is pursued is because alternative sources of oil are becoming scarce. Oil will become more expensive--that is a certainty. Yet our economy--including our food supplies--depend upon cheap oil.

Recently the U.S. military warned of oil shortages as early as 2015
http://www.guardian.co.uk/business/2010/apr/11/peak-oil-production-supply?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+creditwritedownsnews+%28Credit+Writedowns%27+News+Feed%29

Peak oil is here or past. Our lives will be changed by rising oil prices. Public dialogue and preparation needs to occur or we will have calamities in our near future...

The question is will we destroy our environment in a last binge of oil extraction or can we honestly and openly discuss the current situation and different trajectories moving forward...

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