over the barrel of peak oil

Wednesday, February 28, 2007

Even simpler and less convenient

From this British site:
Everyday in the news, we hear of the threat of climate change. There are international conferences, television documentaries, books galore.
(and an Academy Award and a possible Nobel Peace Prize)
But there is a danger whose consequences will be far more destructive and which will hit us much sooner. It is a danger that will effect everybody, rich or poor, wherever they live in the world. It will require enormous financial and scientific strides to defeat, strides which the world’s governments show few signs of taking. It is a danger which, quite feasibly, could lead to the end of our industrial civilisation. It is the danger of peak oil.
From another British site, here's an overview of the subject.

Friday, February 09, 2007

Verboten

In this Newsweek column, George Will contends with Mr. Bush's global warming comment in his SOTU speech . All well and good, except for these paragraphs:
It could cost tens of trillions (in expenditures and foregone economic growth, here and in less-favored parts of the planet) to try to fine-tune the planet's temperature. We cannot know if these trillions would purchase benefits commensurate with the benefits that would have come from social wealth that was not produced.
and
Another reason (for his fascination with new fuels), he says, is U.S. imports of oil from unstable nations.
One of our greatest pundits, Mr. Will, by focusing on the 'foreign' aspect, doesn't recognize the essential role oil itself plays in our economy. He fails to ask the question: what happens when demand exceeds the supply? Can the economy (and social well-being) be sustained, nevermind expand?

Mr. Will correctly questions the assumptions regarding ethanol. He's generous when he says:
Ethanol produces just slightly more energy than it takes to manufacture it
Back to the SOTU, Mr. Bush suggests:
Let us build on the work we've done and reduce gasoline usage in the United States by 20 percent in the next 10 years.
Is there the option not to, willy-nilly.
Peak Oil Cassandra I

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