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Bigger Stick: Peak Oil1. Economic Growth = Energy Growth time Efficiency Growth. Energy stopped growing in May 2005 and the economy started losing momentum. Shortly there after, gas prices started climbing. More and more people were forced to choose between paying for their commute and the home. This DOE graph (not updated since 2004) is a great illustration of interaction between oil and paychecks. The dark blue line is steadily increasing Disposable Income. The red line is oil prices. The gap in the 1990's allowed people to risk their life's savings to buy a house. Since oil supplies stopped growing in May 2005, prices shot up to squeeze more and more people into foreclosure.
It is viatal to convert the base of our transportation economy from oil to ingenuity. Before the economy slows to far, it is critical to understand that Demand Destruction equates to Economic Destruction | ||||||||||||||||||||||
2. Available Exports, Worse than 1973 Oil Embargo
Most of the world's major economies are importers. World Oil Exports measure energy available to drive economies:
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3. Comparing the Economy to the Titanic
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5. Introduction to Peak Oil. This is a very well presented documentary on Peak Oil. Note governments' complete denial of the need to prepare. Yet, Peak Oil was May of 2005. Oil the lifeblood of our economy stopped growing. |
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6. Current Peak Production:
7. Paradigm Shift: Sadad Al-Husseini, former Saudi Aramco Exploration Minster warned of this shift: "There has been a paradigm shift in the energy world whereby oil producers are no longer inclined to rapidly exhaust their resource for the sake of accelerating the misuse of a precious and finite commodity. This sentiment prevails inside and outside of OPEC countries but has yet to be appreciated among the major energy consuming countries of the world." This paradigm shift exhibited in Sept 2007 when the normally yearly cyclical pricing of gas and oil ruptured from normal and inventories plunged in an effort to compensate. The drop in stock will make the system more suspetable to price shocks. Gas prices lag oil but will likely catch-up at spring planting.
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| 8. Time to react
It has taken 37 years to build the Internet to current level of access. It will take at least as long to re-tool transportation away from oil. By the most optimistic estimate we have 26 years. Peak Oil presentation. We are not going to run out of oil. We did not run out of oil in the last 6 years, but it did tripled in price. We are running out of oil that can make gas for less than $6 per gallon. Pollution indicates poor use of a resource. Economic and environmental stress are synonyms
Existence depends on nature and the grace from which life struggles.
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9. Background GAO report from March 2007 confirms we are in the midst of Peak Oil or will be before we can completely re-tool transportation. For current information on energy review Energy Information Agency, the Association for the Study of Peak Oil and The Oil Drum. Cost for planning and building the disaster. The October edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.48 MB, 21 pp).
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11. Food Distribution System is at Risk With Peak Oil we are facing the catostrophic failure of the food distribution system.
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| 12. Peak Oil Poster | ||||||||||||||||||||||
| 13. Electrical Grid Risks | ||||||||||||||||||||||
| 14. Policies of self-reliance and community economic lifeboats: |
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| 15. Peak Oil in 4 minutes |
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16. OilyCassandra added "sex sells" to get out the Peak Oil message.
She is wrong that there is nothing we can do. Build an economic lifeboat for your economic community. The solution to climate change and Peak Oil is self-reliance. Self-reliance may not save the world but but it might save the parts of humanity that exercise foresight. Same message, but much prettier than Matt Simmons or T. Boon Pickens. | ||||||||||||||||||||||