Originally posted by poet1b
Good time to dust it off, and give credit to the Op for being so accurate in the prediction.
Really? Accurate predictions?
Peak oil occurred in late 2005, and the oil prices we are seeing are the result.
There is no conclusive ( i would say non but interpretation does vary depending on how well informed one is) proof that peak oil occurred in late 2005
and there most certainly isn't any more proof for it now despite the fact that so many countries oil production capacities remains devastated or
undeveloped.
Those who argue that peal oil has not occurred are drinking the oil companies cool aid.
Those that argue that peak oil has occurred are drinking far more intoxicating stuff than cool aid. The oil companies are not pushing the peak oil
issue despite the fact that it would make much sense for them to do so while continuing their actions to prevent true alternatives from gaining market
share.
Sure, we are not going to completely run out of oil, But, the oil sources of the future are going to be FAR, FAR, more expensive to
tap.
Which must be why oil prices slumped to 8 USD in 1998 leading to a decade of underdevelopment and reduced exploration to prevent more oil gluts and
price slumps? Isn't it barely ten years later and we are again heading for a massive glut on the oil market? How can it be said that oil is
'peaking' when it's price can collapse so spectacularly without the demand being much reduced?
Alternative energy sources are already starting to be developed, and lets face it, we could make huge gains in our efficiency standards.
And that has been the case for more than 100 years yet here we are using oil.
I take a train to work, and it is far more relaxing and enjoyable than driving, the big problem is that public transportation is so limited,
it takes such a long time to get anywhere, and that is a problem that could be easily solved.
It does take more time but in many ways you have that time for some form of personal enrichment. If everyone read a few books in that time we would
ALL be better off.
What I think is best about the inevitable rise of oil costs due to the decline of the availability of easy to access oil is that this could be
the beginning of the end of big oil, and that would be a great thing for humanity.
Big oil wont so easily slip into oblivion and while they will milk oil revenue's to the last day i am confident they will ensure their place in the
new energy economy by hook and or by crook.
I dream of wind mill and solar mill farms, and bio-diesel farms which will not be controlled by huge international corporations.
I dream of vacuum energy extraction( a reality since oil become 'popular' but i must admit that the wind mills are far more beautiful and awe
inspiring.
The bad news is that food and all other costs are going to soar, and the third world nations are going to suffer the most.
Well they don't have to but the same forces as before will do their best to keep these third world citizens poor and unable to defend their resources
with the legal, social and martial prowess that results from better education and living standards.
There will be extreme pressure to migrate to the first world nations, and things will get worse before they get better.
If the pressure on the third world is kept up that would be the case but it doesn't have to be that way if we all did our part to spread the word
about why and how the third world is kept in it's artificial impoverished state by mostly western powers.
The young populations of the third world are going to become a very big problem.
Or the solution if we can help them to shut the door on those who would exploit their resources to further the wealth and power they will then employ
to slowly destroy western living standards in similar fashion.
Stellar