ZodiacKiller
June 28th, 2010, 12:43 PM
I was looking for a thread on this but couldn't find one. For this reason, I am sure that you all don't know what peak oil is.
It is the idea that at some point we will max out on oil production because:
(A) Oil is a finite resource;
(B) Finite resources are... finite;
thus,
(C) At some point we will run out;
More importantly, at some point it will cost more to produce oil that it does to sell it. Furthermore, it will be increasingly harder to extract.
Please note: Population and energy use per capita is continuously growing.
Also, Please note: This applies to not only oil, but coal, natural gas, and all other nonrenewables.
Furthurmore, most estimations at the point where we peak (we have to slow down production- and it gets more expensive) predict it shall occur in the next 10-20 years.
Some good sites about this are "http://www.lifeaftertheoilcrash.net/", "http://www.postpeakliving.com/", and "http://www.theoildrum.com/"
It is the idea that at some point we will max out on oil production because:
(A) Oil is a finite resource;
(B) Finite resources are... finite;
thus,
(C) At some point we will run out;
More importantly, at some point it will cost more to produce oil that it does to sell it. Furthermore, it will be increasingly harder to extract.
Please note: Population and energy use per capita is continuously growing.
Also, Please note: This applies to not only oil, but coal, natural gas, and all other nonrenewables.
Furthurmore, most estimations at the point where we peak (we have to slow down production- and it gets more expensive) predict it shall occur in the next 10-20 years.
Some good sites about this are "http://www.lifeaftertheoilcrash.net/", "http://www.postpeakliving.com/", and "http://www.theoildrum.com/"