- Sep 29, 2000
- 70,150
- 5
- 0
I read more and more about "peak oil". Basically once we as a world hit peak oil production we're in for a "treat". As everybody knows the world, year after year, increases its demand of oil. Once peak production is hit and oil demand continues to grow this demand vs. diminishing supply will be arguably catastrophic to the world's economy and prosperity. The only way around it at that point is to either jack up production (by finding new oil reserves, refining techniques, or opening up existing reserves that have been restricted, like those in Alaska), or reduce demand by relying more on alternative energy sources.
Sure we've all heard about how in the 70's people were crying for the end of the world. Well, they were wrong, but it doesn't mean that current scientists are. It's possible that peak production will be in a couple of years. Or, it's possible that it will be in 20 years. Or 50. But, probably much sooner. So, do you think about it, or just continue to fill up at the pump as if 2/3 of the world was covered in oil, and there will be plenty for you and your descendants?
In a world where politicians don't care much about the future 10 years from now, but the future to their next election, can you really afford to count on the foresight of your government to withstand the impact of the inevitable diminished oil production in a world where demand continues to rise?
Sure we've all heard about how in the 70's people were crying for the end of the world. Well, they were wrong, but it doesn't mean that current scientists are. It's possible that peak production will be in a couple of years. Or, it's possible that it will be in 20 years. Or 50. But, probably much sooner. So, do you think about it, or just continue to fill up at the pump as if 2/3 of the world was covered in oil, and there will be plenty for you and your descendants?
In a world where politicians don't care much about the future 10 years from now, but the future to their next election, can you really afford to count on the foresight of your government to withstand the impact of the inevitable diminished oil production in a world where demand continues to rise?