An Introduction to Peak Oil

[c9]

Peak Oil is the idea that the world is running out of oil. Obviously, as a non-renewable resource, we've always been running out. But the area of concern is the amount remaining.

Currently crude oil is responsible for powering over 99.99% of the powered vehicles on the planet. Cars, trucks, airplanes, trains, boats. It brings us basically everything that's plastic. Those two areas alone (which only represent a small portion of what crude oil is responsible for) would utterly destroy modern capitalism were they to disappear. Many researchers believe (with evidence) that we will hit peak oil in the next few years -- or we may have already.

1965 was an incredibly significant year for modern civilisation. Because, although this fact went largely unremarked for three decades, it was the year in which our rate of crude oil discovery stopped rising and began to fall. It was the year of peak discovery, and since 1965 we have been steadily finding less.

Fascinating Introduction to Peak Oil

Comments

[simplisticton.livejournal.com]

But surely God put the oil there for us to use, right? He must have something up His sleeve for when it runs out!

[c9.livejournal.com]

I'll bet He does. Ask Noah.

[primary-suspect.livejournal.com]

But how will Noah power and steer his boat without any fuel??? ;-)

[bonoboboy.livejournal.com]

Yup yup ... this was one of tha major themes in my geology class from last semester. I even had a post about it here.

[c9.livejournal.com]

I remember that post -- really got me thinkin'!

[rebelprince26.livejournal.com]

hmmm, and nothing seems to be on the horizon to suitable replace it.

go humanity! woo hoo!