Peak Oil and the Shrinking of Transportation
69It has arrived
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It is Here
It has arrived
Well closer to maybe 3 to 5 years ago it did.
Peak Oil has arrived, few have noticed it, fewer even have an idea what it means, and in reality none of us know what exactly it will do to the current fabric of society, but it will change.
How to change enough to survive and thrive, while still retaining enough of our present world, way of life, culture, society, will be the greatest challenge of my generation (Baby-Boomers) and the following generations present on the planet, and our descendants as well.
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Hubbert's Peak: The Impending World Oil Shortage (New Edition)
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A Very Unpleasant Truth...Peak Oil Production and its Global Consequences
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What this is all about
Peak Oil: Laymans Definition is when the cost to pull oil out of the ground exceeds the benefits to do so. Basically when it costs more to pull it out and refine it exceeds the price that will be paid for it.
The costs exceed the Return on Investment essentially.
Now we all can agree that Oil is a non-Renewable commodity, it took millions of years to be created in the purely environmental methods available to The Planet Earth.
So it stands to reason, we humans would use it all up sooner or later. The time frame is what has been the sticking point for decades (I personally first heard of this concept only about 27 years ago give or take) roughly the 1950s I believe Geologists first started discussing this.
Of course the US Government (in example) has long spoke out against the idea, touting their experts and Big Oil Firms to deny and argue against the entire concept.
But the world continued to use up Oil faster and faster, and now the time has come.
Peak Oil has arrived. It might be days, weeks, months, perhaps even a few years before Gasoline prices spike up, but production is flat, no new deposits are being found, and the clock is ticking with each mile a car drives, towards the day when the Fossil Fueled Transportation Era is at an end.
So now what do we do?
I feel we have time to work around this, come up with alternatives, but the world must work together to resolve this, not just us common people worried about this, everyone must work towards the future, but one without Oil moving our society.
Here are some other sites with more information on what is happening all around us and what others think might be the outcome no means is this exhaustive. I consider Peak Oil and the issues surrounding it and the surmounting of it the single greatest challenge to our existence (as something similar to what we have now) to face our species.
We solve this issue, cleanly and efficiently, we solve all the other issues as any lasting long term renewable answer will flow into other issues such as
- Global Warming
- Deforestation
- Recyclable Products
- Long Term Cleanup of Oceans
Peak Oil and the Shrinking of Transportation in the News
- Peak Oil Coffee TableGreenMuze1 second ago
A striking coffee table becomes a monument to climate change in the hands of British designer Charlie Davidson. The “Peak Oil” table includes a glass top perched on top of a black mahogany tree stump. Read more...
- India Seeks to Ban OTC Oil Trades; May Raise Costs (Update1)Bloomberg1 second ago
Dec. 10 (Bloomberg) -- The Reserve Bank of India may ban over-the-counter oil swaps and options trading in an attempt to prevent losses that could bankrupt companies.
- As economy steadies, oil firms still cautious with capitalAnchorage Daily News19 hours ago
Wood Mackenzie predicts investment in the world's upstream oil and gas sector will grow modestly in 2011, reaching around $350 billion by 2012, down from a five-year peak of $370 billion in 2008 when oil prices topped $140 per barrel.
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