Apocalyptic scenarios, without evidence, proliferate too much media. Perhaps these draw attention from actual concerns that are proven and affect
every facet of modern civilization. But many experts do report the dire nature of oil consumption versus reserve capacity. For example, the article,
"Demographic Demand and Peak Oil," by Andrew McKillop of Petroleumworld.com (linked below), is an industry insider's account of the facts. Given
the worldwide supply and demand requires the discovery of reserves equivalent to "a new Saudi Arabia every 2 years."
Hydrocarbons are poised to become the most valuable commodity ever known. Though rarely reported, the peak of petroleum production was in 2000.
Alternatively, liberal estimates place the peak in 2008. While demand grows unabated, the quantity of oil that CAN be extracted is now decreasing
more rapidly than ever. And there is no surprise actually, total reserves started dropping in 1859 when the first well was completed. Finally in
1965, new discoveries of potential reserves peaked. Since then due to crises, conservation efforts barely slowed exponential demand increases. Now
that supply is ever-decreasing, those who control it are poised to make many billions, perhaps trillions. Because wars are waged for resources
(whatever the ulterior motive), national interests require forces to be deployed in critical territories. Is there any way that the US would let
itself be left out of the game of the millenium?
This not a re-run of the oil crises of the 1970s. They were like the tremors before an earthquake, but serious enough to tip the world into
recession. Now comes the tremblor itself. However, the present shock is very different. It is driven by resource constraints, not politics, but of
course political factors are considerable. Moreover, it is not a temporary interruption but the onset of a permanent new condition. The warning
flags have been flying for a long time. They have been plain to see, but the world turned a blind eye, and message remained unread.
Petroleum is absolutely not renewable unless you count a pitifully tiny fraction of biodiesel. However, huge resources could be obtained if oil sands
and shales could be exploited. But in that form, it takes more energy to extract the oil than can be generated from it. Even if a more efficient
means of extraction is developed, it simply could never be as cost effective as pumping liquid from wells. Hence, expensive petroleum would result,
and would not allay the current conumdrum. Similarly, ethanol also consumes more energy per gallon to produce than it can generate. The only reason
that it is a fuel additive at present is due to huge, Republican farm subsidies. Timely warnings went unheeded, now we pay for the myopia.
Little of the popular media is interested, perhaps it is far too unpopular to report. But a cursory search of "peak oil" produces manifold
confirmation of the foregoing assertions from credible sources. Here's a few: