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Sunday, June 17, 2007

God bless you Al Gore, but PEAK OIL IS THE REAL ISSUE OF OUR TIME.

This is more pressing than global warming: In the 1970s Chris Skrebowski was a long-term planner for BP. Today he edits the Petroleum Review and is one of a growing number of industry insiders converting to peak theory. "I was extremely sceptical to start with," he now admits. "We have enough capacity coming online for the next two-and-a-half years. After that the situation deteriorates."

Oh and...A reduction of as little as 10 to 15 per cent could cripple oil-dependent industrial economies. In the 1970s, a reduction of just 5 per cent caused a price increase of more than 400 per cent.

As much as I want Hillary Clinton to win in 2008 - I would not wish the presidency in years 2008-2012 on anyone. WE ARE IN THE LAST MOMENTS OF THE OIL ECONOMY NOW. AND NO ONE KNOWS OR HAS A PLAN FOR WHAT IT NEXT.

 

 
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