The International Energy Agency has said that world production overall will peak between 2010 and 2020.
How will we be facing that?? Are governments investing enough in other alternative sources??
If the price of oil rises to more than $100 a barrel, will alternative energy sources become more popular?
I think we are not really concerned about the real problem and the way it will affect us...
"The real shock about today's oil shock is that it isn't a shock"

When has panicking about anything a good idea?


But yeah anyway, definitely something to be concerned about.

The first cars Henry Ford made, ran on ethanol and the oil barons convinced Ford to switch to refined petroleum gas.

Peaking and running out are not the same thing Mary. We will have decades to reverse our global consumption trends. I Believe environmental concerns will continue to drive a reversal of dependency on geologic oil as they are starting to. This trend can, and probably will coincide with supply side pressure increases.

We do not, and we have never needed geologic oil to power our modern world. It is definitely not worth any kind of stress about, other than your personal economics and wild-assed war starting policies. A few billion dollars will be invested in the next 2 -5 years to modernize (algae) plant oil fuel manufacturing. Algae oils are low/no pollution and as oil production costs rise they become competitive..

Guess who said the following and when:

"The use of vegetable oils for engine fuels may seem insignificant today, but such oils may become in course of time as important as petroleum and coal tar products of the present time."


answer on blog..


www.blogofacowboy.blogspot.com

Two nights ago my wife and I watched the most alarming video on the Science Channel, it was called "What if: We run out of oil". The scenarios this program revealed were quite scary. The bottom line is, when fuel begins to run out, the incredibly long lines to get gas will takes it's toll on our population. We will run out of supplies of every sort, because there won't be enough fuel to deliver any. This doesn't take a genius to figure out, oil is a finite non renewable resource, and the chaos that will follow is really disturbing. The United States alone uses more than 2 million barrels a day, and the dire straights we face are staggering.

There is no alternative energy source on the very near horizon, and that my friends can, and will mean the fall of modern civilization as we know it. We live in a world of 'just in time' inventories, that means that most inventories are very low as to save money by not having large inventories, because you can order on day 1 and have your product on day 2. So when you notice your store shelves becoming bare, I can only hope you have some sort of survival plan, because you will be needing one.

I highly recommend watching the program, the dates that were mentioned from 2010 to 2020 are exactly what the program mentions, with 2016 being the beginning of the end.

__________________
Cheney is the second executive officer to shoot someone in the face and chest. Clinton was the first.

Please, this scare is absurd.

For starters these "all time highs" of oil prices aren't adjusted for inflation! John Stossle puts it best, "You might as well say that Rush Hour 2 made more money than Gone with the Wind"

Next, to think we have a serious crisis on our hands you need to wish away the simple economics of the matter. Supply and Demand. As supply diminishes the price of oil will increase, thus lowering the demand, and wasteful use of oil. This process will make things like hybrid cars affordable down the road at a gradual, unalarming, rate.

Then consider the fact that we have around 100 years worth of oil scattered in tar across the globe. Right now oil extracted from such sources would cost more than our current means, but when the supply dwindles, this oil will be affordable to go after, thus increasing our supply.

Sure, maybe within this century we will need to make a switch to something, but for now there's nothing to be scared about.

Those scary "what if" shows the Science Channel and Discovery Channels runs are nothing more than dramatize fear mongering fictional stories. What they never show is that people, science and culture as a whole can and will evolve to continue to survive. What people also never take into consideration is simple economics like said above. Should we find alternative sources of energy, Yes! Panicking over it and going chicken little over it won't fix anything.

Yes we should panic. Or at least pay a lot more attention to the problem than we currently are. Everything that the richest 1/5 of the worlds countries has gotten used to is made possible by oil: the food, the cars, the gadgets etc. The population explosion correlates with the oil explosion, as modern food production requires massive amounts of oil.

While it is easy to dismiss this as alarmist and claim that the marketplace will magically solve the problem on its own by some ingenuity is far fetched. the ultimate source of all energy, including fossil fuels, is the sun. Currently humans use nearly half of the lands energy potential for crops etc. obviously running our cars on corn is infeasible, and sickening considering the poverty in the world. nuclear power is just as unsustainable as oil and even more destructive.

I believe that the inevitable solution is decreased consumption and wasteful lifestyles. Enjoy it while you can! we still probably have decades before it's too bad.