Most of the members here that been around awhile know me to be a person that doesn’t ever say prepare this or that as if I know it’s bound to happen. For most part I believe in preparing for any and all possibilities (with reasonable extent) and that is also what I try to encourage. It’s of very little concern to me currently but Peak Oil is a disaster that I believe will eventually happen. I try my best to keep an open mind to all possibilities but I’m not completely convinced on any of the following things that have some people worried such as:
And that’s really just to name a few. Some of those things I put more grains of salt into some than others and some of those things I believe might actually be more of a symptom of other things I believe to be more of a reality. So what is it that I feel so strongly will eventually be disastrous? Peak Oil! Most importantly the consequences and effects of reaching peak oil.
What is peak oil?
Peak oil is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline. Global production of oil fell from a high point in 2005 at 74 mb/d, but has since rebounded, and 2011 figures show slightly higher levels of production than in 2005. There is active debate as to how to measure peak oil, and which types of liquid fuels to include. Most of the remaining oil is from unconventional sources. Rough estimates indicate that out of an available 2 trillion barrels of oil, about half has been consumed.
Some people believe that we’ll have time to find alternative energy. Wait a second haven’t we already discovered alternative energies? Of course we have but those alternative energies only address a few things that require oil. Did you know that there are over 6000 by products made from crude oil. The components of oil are used to generate nearly all chemicals. That’s right you can’t have plastics without the chemicals from oil that enable plastics to be produced. I don’t know how much oil is used in the creation of a solar panel or a wind turbine but I do believe they say it takes about 6 gallons of oil to create an average car tire and about 60 gallons of oil to create a living room sofa.
Nobody can deny the role oil has played in the world’s population growth and if you take away all the oil the population will drastically decline.
So how long do we have until “Peak Oil” is reached? Who knows, and some say it might have already happened. Some say that the move to offshore drilling is a sure sign that we’ve reached peak oil because offshore drilling is so much more expensive.
I don’t know how long we have and I don’t have enough knowledge to guess or even speculate. But I have no doubt that when this happens it will be extremely disastrous for mankind and I know it’ll happen eventually unless some other drastic event takes place before hand.
What are you thoughts about peak oil?