[Nathan]

Hi folks,
The Oil and Gas Journal is reporting that world oil production will peak in just 8 years.
If true there is not much time.
Prius: More than a Car
Nathan

"The resulting economic shocks will rival those of the 1970s, as oil prices "could double and treble within 2 or 3 years as the world changes from oil abundance to oil scarcity. The world is facing a future of major oil price increases, which will occur sooner than many people believe," that report concluded."
http://ogj.pennnet.com/articles/EdP...ICLE_ID=152444&PUBLICATION_ID=7&VERSION_NUM=1

 

[Antimatter]

Peak oil- The Party's Over

I too have been following the Peak oil crisis. An excellent book on the subject is Richard Heinburg's "The Party's over" . Americans don't seem to care. They don't mind spending an extra 20 dollars a week for gas and driving very uneconomical vehicles. We are already starting to see oil effect politics and the environment. The world is addicted to oil. If everyone drove a prius we would get what ..another 10 years of oil perhaps? Why are American Car manufactures just now starting to take notice of hybrid technology? Why does GW Bush give a tax break on 100,000 Hummers and only a 2k tax break on a Prius? God Bless America...How about God Bless the Whole World? Bush is Married to big oil. We need a new president. Lets Vote the Environment and get off our dependence on oil.

 

[ElectricTroy]

Which is why politicians like Gore/Kerry/Bush should be spending billions on fuel efficient cars, not pie-in-the-sky fuel cell cars (which like evs will likely never succeed).

When 2010-2020 comes along with $10 a gallon prices, Americans will experience a severe shock. Politicians should be outlawing <30 mpg cars/trucks NOW, rather than wait until it's too late.

 

[melgish]

It's not in the oil companys' interests to stave off reaching the peak. After the peak, they can charge what they want for oil, and the folks that need it will pay, and the folks that can't will do without.

It wouldn't surprise me to learn that oil companies are borrowing money now, against future profits. Later, they will claim debt, rather than simple greed as the reason for price increases.

And you're right, the average tv-educated, cattle-minded American just doesn't give a damn about tomorrow.

 

[ElectricTroy]

Wow. That's brilliant. Keep the sheep buying 15 mpg cars, and then when oil supplies fall off in ~2010-20, and prices increase to $10/gallon, the oil companies will be rolling in cash.