Normally, peaks are good things. Not so when it comes to oil.
"Peak Oil" refers to that magic moment when the maximum amount of petroleum extraction has occurred. After that, it's a steep drop. There is a goodly amount of disagreement and controversy over the notion of "peak oil." Certain parties believe we have already passed the point of no return. Other precincts maintain that there is no such thing as "peak oil" and it's the concoction of the liberal agenda (sound familiar?) I have a family member who works in the oil industry and I candidly asked him last summer how close we are to peak oil. "Not for a long, long time," he responded.
One publication does not paint so rosy a picture. Business Insider argues that we hit peak oil in 2005. In fact, they cite World Energy Outlook 2010 as having a more realistic model than the majority of the oil industry: "According to its latest study, the IEA (International Energy Agency) now expects global total liquids production to increase to just 96 million barrels per day by 2035! Bearing in mind the fact that the world currently produces 88 million barrels of total liquids per day, the IEA is now essentially implying that output will only increase by 9% over the next 25 years!"
We should be so lucky. An end to affordable oil means basically an end to civilization as we know it. Matt Savinar runs a site called Life After the Oil Crash. While I'm not so quick to support his views on the veracity of peak oil, he does do a very good job of making people aware of just how dependent we are on oil and not just for transportation.
-Take a look at all the plastic objects in your immediate vicinity right now. They all take oil to produce.
-The pesticides and fertilizers we use to grow food are made with oil. The tractors and other farm implements needed to produce and harvest food all run on oil. Yeah, we kinda need food, don't we?
-Computers and the internet itself require oil to operate. A computer needs ten times its weight in oil to be manufactured. The vast server installations that keep the Net up and running are powered with electricity, electricity that is often generated at...you guessed it...power plants fueled by oil. Even if the power plant is runs on coal, it still takes oil to mine and transport the coal.
So it's kind of a big deal, yes. And as of right now, the world has no contingency plan of what to do after the crash, a crash that I am beginning to be convinced is on its way.Enough of my postulating. What do you think? Are we near peak oil? Does such a thing even exist? If so, what are you planning to do after the crash?
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