Peak Oil

[sevenrd]

I only became aware of peak oil May of this year. But since then have been tracking oil production and devouring all the information I can find related to this issue.



If you're unfamiliar with peak oil, here's the Wiki page: Peak oil - Wikipedia, the free encyclopedia



With oil now over $90/barrel, world production flat for about three years, and the Energy Watch Group's recent report coming out claiming we peaked in 2006, I'm getting more concerned this has already happened or will happen soon.



Hopefully they're wrong and we still have some good years left. Regardless, just about everyone involved in oil agrees we will peak, they just don't agree on the when.



Here's an article summarizing the EWG's recent report: Steep decline in oil production brings risk of war and unrest, says new study | Special reports | Guardian Unlimited



And a video discussing the recent report: YouTube - Inside Story- Oil Production- 23 Oct 07- Part 1

 

[imported_truzoom]

I have this whacky conspiracy theory that there have been some awesome energy alternatives invented, but Exxon Mobil has a squad of assassins that go out and kill anyone that is able to create something that would make fossil fuels not as valuable. I figure if they can pull in revenues of $80 Bil. +, they can afford to kill people and get away with it.



That said, if oil runs out, so be it. For the roughly $80/month I pay in gas, I can buy a new pair of shoes every month and just walk everywhere.



People got around fine before cars were so popular. It might even help the obesity epidemic.