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Oil production worldwide is close to peaking. That is, we are close to the point where the all time maximum amount of oil can be pumped from the ground. After this point it is expected that oil production will decline at a rate between 3% and 7% per annum (suggested by the empirical evidence provided from existing oil fields that are already in decline). The evidence for “peak oil” as it is called is indisputable. Oil production in a variety of regions and states that are now in decline can be predictably graphed as a bell shaped curve. The first significant example was when the United States peaked in 1971. More recently the North Sea, with Norway close at its heels have peaked and are in permanent decline. Collectively the world will follow soon.
A prominent mirage realist to emerge in recent weeks is Larry Baldock, transport spokesperson for the United Future NZ party. Mr Baldock proudly announced his plans to lay asphalt in the form of a big wide double laned freeway from Kaitaia to Invercargill. Either Larry Baldock is ignorant to the issue of peak oil, an issue that the prestigious Deutsche Bank argued last December ought to be of primary concern to forward looking politicians and company chiefs, or he is wishing it will simply go away. His ignorance does not excuse his culpability but to the mirage realist bullshit is bitumen – sadly under the spectre of peak oil a single cent spent on such a project is an investment in an infrastructure that has no future. We suggest a name change for Baldock’s party. United No Future.
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The futuristic scenario from mirage realist Bryan Sinclair will never occur because the energy equation for both hydrogen and photovoltaic solar cells results in marginal if not negative net energy returns. It takes more oil equivalent energy to make a solar cell than the cell ever returns in its lifetime. Hydrogen requires large amounts of natural gas, which we are currently running out of. The demand for roads is directly connected to oil and the internal combustion engine. Less oil will result in less demand for roads. As oil becomes expensive and scarce and as we experience shortages, much to the National Party’s dismay cars will disappear from roads.
The godfather of mirage realism has to be the International Energy Agency (IEA) whom in the face of recent prices near US$60 a barrel oil, claims by OPEC that they are pumping at capacity, evidence that the mighty Saudi Arabian fields are peaking still hope and wish that oil will peak in 2037. However just in case, the IEA are preparing a special report due to be released in a week or two that aims to prepare member nations (which includes NZ) about the need for urgent and extreme energy conservation measures if the worlds oil supply is disrupted or reduced by one to two million barrels per day (we currently consume 84 million barrels per day). Such bizarre measures suggested by the IEA include bans on privately owned motor vehicles, reduction of the working week and imposition of lower speed limits. New Zealand’s energy minister, the Hon Trevor Mallard, currently frantically keen to comply with the IEA’s strategic 90 reserve day requirement by building dozens more oil storage silos will want to seriously consider the IEA’s latest report since he will be the one breaking the news to New Zealanders that “Carless Days” is not a Mexican folk singer. "
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http://www.evworld.com/view.cfm?section=communique&newsid=8199