Peak Oil is You

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Page added on September 28, 2007

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Peak Oil Passnotes: Neo-Peak Oil

If we think of peak oil as a subject in itself, rather than a subset of general discourse about oil and energy, then we can see it has been around for something approaching 100 years. After World War One there was sustained and popular debate about the prospect of the U.S.

The basics of peak oil are in fact quite simple. Under the present, failing, economic system scarcity breeds profits. Thus peak oil presents opportunities for those who control resources and powerful people, powerful nations and institutions rarely give away their golden goose. That the consequences may be painful for weaker people like you and me matters not.

Secondly there is the scale of the problem. That is if the world is consuming around 85 million barrels per day of oil – and demand is set at the very least to remain constant – one has to bring on stream around 3.4 million barrels per day of oil, each year and every year, just to stand still. That is a big task in the present day environment and is exacerbated by the first problem, the fact that scarcity breeds profits.

Unfortunately for the world, it appears to be

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