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Peak oil - are we sleepwalking into disaster?

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GliderGuider Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 11:01 AM
Original message
Peak oil - are we sleepwalking into disaster?
Edited on Sat Jul-23-11 11:01 AM by GliderGuider
Here's part of a very good short article from PublicService Europe, an online publication specializing in "European politics, public administration, management issues and key developments in the business world". It's a sober, direct look at the issue of Peak Oil, giving a European flavour to a global problem.

Peak oil - are we sleepwalking into disaster?

(...) Unlike climate change, politicians seem unwilling to encourage public debate about the ramifications of peak oil. There has been no shortage of government-commissioned reports into the problem, but most have been kept from public view – Britain and the US, for example, have maintained the cloak of secrecy by not publishing many findings. This could be because politicians are concerned that doom-laden messages - like the prediction that ordinary families will only be able to use their cars for emergencies within 10 years because of spiralling fuel prices – will cause panic and civil disobedience on the streets. Or, a more cynical view, might suggest that governments and oil companies are so deeply entwined – in some cases like Saudi Arabia and Iran they are, indeed, the very same thing and we all know about the intimate connections between BP and the political world here in the UK – that educating citizens on the need to move towards conservation and away from consumption would damage business and tax revenues and possibly, even, the foundations of capitalism itself.

Acknowledging the current confusion and lack of interest in the topic - Keele University Professor Bulent Gokay urges politicians, educators and citizens to grasp the nettle before it is too late. "Every aspect of modern industrial life requires oil, we live in a petroleum landscape because it is still the most dense energy form we have ever found," he explains. "But discoveries are declining and the oil is running out. It is a finite resource because it takes millions of years to renew. Only the Middle East and Caspian Sea region now have spare capacity, everywhere else has reached peak – including the United Kingdom, Norway, China, Mexico, Venezuela, Indonesia, Russia, Syria, Libya, Nigeria and Qatar. The cheap oil is already gone – when you have to drill deeper and deeper and in regions like the Arctic, it is much more expensive and the quality is not as good and not so easy to refine – due to the high sulphur content."

In addition, the world's largest oil companies exist in nations where democracy and human rights are not top of the government's priority list, to say the least. Names such as the Saudi Arabian Oil Company, the National Iranian Oil Company, the Qatar General Petroleum Corporation and the Iraq National Oil Company are not well known to citizens in the west – but their geopolitical power is enormous, easily dwarfing the likes of Exxon-Mobil, BP and Royal Dutch/Shell. We know that 17 per cent of our energy is used for producing food – through oil for fertilizers, pesticides, packaging and distribution. And more than 90 per cent of energy consumed is from fossil fuels. They drive transport, sewage management and the defence industry as well as the production of plastics, water, pharmaceuticals and electricity. Even former Shell chairman Lord Oxburgh once admitted: "It may be too late to do anything about it (peak oil) by the time we are fully aware?"

So what will this mean for future generations in practical terms? "Oil prices will have to rise further to justify deep-water drilling," says Gokay. "You cannot stop this or control it; it's simply a fact of economic life and physics rather than the fault of greedy oil companies or speculators. There is no long-term solution except to reduce our energy consumption. It's not just about using bicycles, but radically reorganising society and there is no reason to think that will happen. Oil ruled the 20th century and shortage of oil will rule the 21st century. This is the secret ticking time bomb under the global capitalist system; we are nearing a real emergency scenario. In less than 10 years, many ordinary people will not be able to afford to use their cars."

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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 11:05 AM
Response to Original message
1. Yes we are
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tavalon Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 11:18 AM
Response to Original message
2. Yes
When I get frustrated by the shenanigans of the beltway idiots, I step back a bit and realize that nothing being debated is life or death.
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The Big Vetolski Donating Member (436 posts) Send PM | Profile | Ignore Sat Jul-23-11 12:13 PM
Response to Original message
3. K&R. If old Hubbard was right, we have hit peak oil. He predicted
rapidly fluctuating oil prices after global peak oil production was reached--the price goes up, demand drops, the price drops some, then goes back up as demand increases, then drops some as demand goes down--rinse, cycle, repeat. BUT most of the time the price goes to a higher level than before, and the longterm TREND keeps going up.

This has been happening for several years now. Remember .99/gallon gas in the nineties? Those days are gone, and will never return. Don't remember that? Remember 2.50/gallon gas just a couple of years ago? Those days are also gone, never to return.

The cost of transportation keeps going up, so the cost of everything being transported keeps going up. Eventually, it will actually be cheaper to make things in the United States and pay people more than it is to use Chinese wage slave labor, all due to rising transportation costs.

Of course, if you reduce Americans to wage slaves before that happens and if the sheeple get used to that and accept it, then you have a population of grateful serfs just waiting for the MOTU to hand out a few crumbs.
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FogerRox Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 12:38 PM
Response to Original message
4. Near political gridlock in the US, for over 30 yrs.
When it comes to energy policy.
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Terry in Austin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 02:29 PM
Response to Original message
5. It's the elephant in the room
In fact, the quickest way to empty a room is to utter the phrase "peak oil."

You'll be alone in about thirty seconds.

:shrug:

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txlibdem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-24-11 05:07 PM
Response to Original message
6. Recommended!
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Terry in Austin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 04:56 PM
Response to Original message
7. (**crickets**)
I think we emptied the room, GG!

:shrug:

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GliderGuider Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 08:14 PM
Response to Reply #7
8. "Peak Oil???"
:boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring:
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Nihil Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-26-11 05:13 AM
Response to Reply #8
9. No-one here but us tumbleweeds ...
:hi:
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