Doug’s Dynamic Drivel

Examining the detritus of modern society

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Peak Oil

22 October, 2007 (16:36) | Business, Economics, Environment, Quotable, Sociology

has arrived and it is all downhill from here.

graph showing oil production peaks around the world

From The Oil Report: The Supply Outlook p.12

peaked last year and is projected to fall by half in 2030, according to a new report.

German-based , a network of independent scientists and parliamentarians, released Monday the report, , which concluded that global oil production peaked at 81 million barrels a day or Mb/d in 2006, much earlier than most many experts had forecast.

The report, which comes only days after oil prices hit record highs, is also predicting that global oil production will begin to fall several per cent each year and that by 2030 it will be 39 Mb/d.

Now is when leaders who are elected must, no questions asked, put all available resources into alternate energy supplies. No one who is not serious about this should be elected. Any pshould be pressed hard on specifics, if they can’t set out exactly what they are going to do or if that plan is ineffectual then don’t give them your vote. Your future is at stake. As oil prices climb (law of supply and demand) your cost to stay alive will increase disproportionately (greed), and your quality of life will decrease immensely. If you wonder why Bush et al invaded you now have your answer. It is also the same reason they are going after , oil and liquified natural gas (LNG). Plain and simple.

Download The Oil Report: The Supply Outlook (101 page .pdf file)

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Comments

Comment from Stu
Time: 10/23/2007, 9:12 am

Now that IS depressing.
Can you imagine what that is going to do to the inflation rate, even WITHOUT Cheney deciding to nuke Iran to get their resources?

Comment from The Dynamic Driveler
Time: 10/23/2007, 10:06 am

Exactly Stu. What pisses me off is that the US gets 20% of its imported oil from Canada which means that Canada is indirectly supporting these wars while at the same time reducing our long term hydrocarbon reserves that we will need in the future. I’m 100% in favour of nationalizing our oil fields and halting exports of oil completely, and to hell with what that does to our national economy right now - it’s protection for the future.

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