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The Peak-Oil Crisis: The Storms of August

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posted on Sep, 9 2005 @ 01:25 PM
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The Falls Church News-Press wrote an excellent article about the aftermath of Hurricane Katrina. It is not about FEMA screw-ups, nor is it about global warming. It is about Hubbert's peak, or Peak Oil.
The newspaper, which serves an exclusive Washington, D.C. suburb, where many DC policy makers live, warns of "an unprecedented natural gas problem this winter with prices increasing several fold" and " there will most likely be serious shortages".
 



www.fcnp.com
It has become fashionable in peak oil circles to make the comparison between the current summer and that of 1914— just before the cataclysm of World War I. That year too, was a warm and idyllic summer in which the people went happily about their business unaware the assassination of an archduke was about to destroy the old order and plunge the world into decades of turmoil.

This time, the trouble spawned in the South Atlantic , strengthened in a global-warmed Caribbean and slammed into the heart of the US oil industry. The flooding of New Orleans and the destruction of miles of the Gulf coast will rank among the greatest natural disasters America has ever known, for a number of reasons.

For the Gulf oil industry, the approach of a Category 5 Hurricane was a signal to shutdown and run for cover. The super tankers bringing up to 900,000 barrels a day to the Louisiana Offshore Oil Port (The LOOP) headed elsewhere. The 55,000 oil workers on platforms out in the Gulf shut off the pumps, plugged their wells, and boarded ships and helicopters to safety, thus halting the production of some 1.4 million barrels of oil a day — some seven percent of US daily consumption.


Please visit the link provided for the complete story.


Very interesting article, I hope it wakes up those DC policy makers.

Whether you believe that oil production will peak around 2007, or not, one thing is certain, we will run out of oil some day. One thing Katrina made very clear is our addictive dependence on oil, its the industrialized world's' heroin.

Still, there are some who believe Peak Oil is a myth, and that oil is somehow sustainable. The truth is, oil wells are drying up, and no major oil fields have been found for years. Also, the quality of oil is getting worse, making it more expensive to refine.

Related News Links:
www.onlinejournal.com
www.forbes.com
quote.bloomberg.com
www.fromthewilderness.com

Related AboveTopSecret.com Discussion Threads:
Peak Oil 101 – Links and References
What are Gas prices now ?
$5 gas by 2006, unless....
Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse


[edit on 9-9-2005 by Zion Mainframe]

[edit on 27-9-2005 by DJDOHBOY]




 
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