Tag Archive Peak Oil

When Will the Peak Perk?

Jeffery Brown throws out a challenge to the main stream media.

“Who among you is going to have the courage to step forward and “break” the story that the lifeblood of the world economy–net oil export capacity–is now declining?”

Mr. Brown says, “I estimate that oil exports from the top 10 net oil exporters are probably now falling at a double digit annual rate.”

He’s an independent petroleum geologist from Dallas by the way; not one of them economists that thinks you can put dollar bills in your gas tank and drive to work. I once told two smart friends of mine, an engineer and a medical student, that physics trumps economics and they said I didn’t understand how the world works. I don’t. But I do think that as oil is physically less available “laws” of economics are going to spin on their heads. Just a little prediction for you this afternoon. Here’s one more. It will be obvious that we’ve peaked in oil production by the end of 2006. It’ll take a few more years, two maybe, for the most optimistic of oil cheerleaders to admit so (read up on the history of the peak in production in the U.S. – 1971). Then, suddenly everyone will be saying, “Yeah, of course we’ve peaked. That’s what oil fields do- Duh!” But by then the scurry to find the next source of fuel for our mobile lifestyles and our transportation dependent economy will be on in full force. My favorite are the news headlines that read, “How Will We Fuel The Cars of Tomorrow?”, or, “Is Ethanol The Answer?” No ethanol isn’t the answer. It’s only suggested as a part of the solution because Iowa is the first stop on the road to the White House. It seems very few people are stopping to consider ways of living that require less driving. Supply-side solutions will not solve the problem of the declining rate of petroleum production.

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