Monday, March 12, 2012

Peak

It is interesting that it seems that oil discovery peaked around 1970. Gas discovery peaked a little later. The global depletion of oil and gas reserves is happening at a staggering rate. It seems that we will keep up with oil and gas production for a while still, but not for much longer. Increasing energy prices, increasing profits for oil and gas companies and severe economic crises will likely be the result. These are interesting times indeed. The transition to a new period should be prepared in order for it to occur as non-violently as possible. Coal will become the first alternative (despite dangerously high levels of CO2 emission), then nuclear energy, then water, sun and wind. Let's consider our options more carefully than by mere shortsighted economic bottom line calculations.