A thought provoking article about the consequences of peak oil. The Long Emergency What's going to happen as we start running out of cheap gas to guzzle? By JAMES HOWARD KUNSTLER A few weeks ago, the price of oil ratcheted above fifty-five dollars a barrel, which is about twenty dollars a barrel more than a year ago. The next day, the oil story was buried on page six of the New York Times business section. Apparently, the price of oil is not considered significant news, even when it goes up five bucks a barrel in the span of ten days. That same day, the stock market shot up more than a hundred points because, CNN said, government data showed no signs of inflation. Note to clueless nation: Call planet Earth. Carl Jung, one of the fathers of psychology, famously remarked that "people cannot stand too much reality." What you're about to read may challenge your assumptions about the kind of world we live in, and especially the kind of world into which events are propelling us. We are in for a rough ride through uncharted territory. It has been very hard for Americans -- lost in dark raptures of nonstop infotainment, recreational shopping and compulsive motoring -- to make sense of the gathering forces that will fundamentally alter the terms of everyday life in our technological society. Even after the terrorist attacks of 9/11, America is still sleepwalking into the future. I call this coming time the Long Emergency. Most immediately we face the end of the cheap-fossil-fuel era. It is no exaggeration to state that reliable supplies of cheap oil and natural gas underlie everything we identify as the necessities of modern life -- not to mention all of its comforts and luxuries: central heating, air conditioning, cars, airplanes, electric lights, inexpensive clothing, recorded music, movies, hip-replacement surgery, national defense -- you name it. The few Americans who are even aware that there is a gathering global-energy predicament usually misunderstand the core of the argument. That argument states that we don't have to run out of oil to start having severe problems with industrial civilization and its dependent systems. We only have to slip over the all-time production peak and begin a slide down the arc of steady depletion. The term "global oil-production peak" means that a turning point will come when the world produces the most oil it will ever produce in a given year and, after that, yearly production will inexorably decline. It is usually represented graphically in a bell curve. The peak is the top of the curve, the halfway point of the world's all-time total endowment, meaning half the world's oil will be left. That seems like a lot of oil, and it is, but there's a big catch: It's the half that is much more difficult to extract, far more costly to get, of much poorer quality and located mostly in places where the people hate us. A substantial amount of it will never be extracted. The United States passed its own oil peak -- about 11 million barrels a day -- in 1970, and since then production has dropped steadily. In 2004 it ran just above 5 million barrels a day (we get a tad more from natural-gas condensates). Yet we consume roughly 20 million barrels a day now. That means we have to import about two-thirds of our oil, and the ratio will continue to worsen. The U.S. peak in 1970 brought on a portentous change in geoeconomic power. Within a few years, foreign producers, chiefly OPEC, were setting the price of oil, and this in turn led to the oil crises of the 1970s. In response, frantic development of non-OPEC oil, especially the North Sea fields of England and Norway, essentially saved the West's ass for about two decades. Since 1999, these fields have entered depletion. Meanwhile, worldwide discovery of new oil has steadily declined to insignificant levels in 2003 and 2004. Some "cornucopians" claim that the Earth has something like a creamy nougat center of "abiotic" oil that will naturally replenish the great oil fields of the world. The facts speak differently. There has been no replacement whatsoever of oil already extracted from the fields of America or any other place. Now we are faced with the global oil-production peak. The best estimates of when this will actually happen have been somewhere between now and 2010. In 2004, however, after demand from burgeoning China and India shot up, and revelations that Shell Oil wildly misstated its reserves, and Saudi Arabia proved incapable of goosing up its production despite promises to do so, the most knowledgeable experts revised their predictions and now concur that 2005 is apt to be the year of all-time global peak production. It will change everything about how we live. To aggravate matters, American natural-gas production is also declining, at five percent a year, despite frenetic new drilling, and with the potential of much steeper declines ahead. Because of the oil crises of the 1970s, the nuclear-plant disasters at Three Mile Island and Chernobyl and the acid-rain problem, the U.S. chose to make gas its first choice for electric-power generation. The result was that just about every power plant built after 1980 has to run on gas. Half the homes in America are heated with gas. To further complicate matters, gas isn't easy to import. Here in North America, it is distributed through a vast pipeline network. Gas imported from overseas would have to be compressed at minus-260 degrees Fahrenheit in pressurized tanker ships and unloaded (re-gasified) at special terminals, of which few exist in America. Moreover, the first attempts to site new terminals have met furious opposition because they are such ripe targets for terrorism. Some other things about the global energy predicament are poorly understood by the public and even our leaders. This is going to be a permanent energy crisis, and these energy problems will synergize with the disruptions of climate change, epidemic disease and population overshoot to produce higher orders of trouble. We will have to accommodate ourselves to fundamentally changed conditions. No combination of alternative fuels will allow us to run American life the way we have been used to running it, or even a substantial fraction of it. The wonders of steady technological progress achieved through the reign of cheap oil have lulled us into a kind of Jiminy Cricket syndrome, leading many Americans to believe that anything we wish for hard enough will come true. These days, even people who ought to know better are wishing ardently for a seamless transition from fossil fuels to their putative replacements. The widely touted "hydrogen economy" is a particularly cruel hoax. We are not going to replace the U.S. automobile and truck fleet with vehicles run on fuel cells. For one thing, the current generation of fuel cells is largely designed to run on hydrogen obtained from natural gas. The other way to get hydrogen in the quantities wished for would be electrolysis of water using power from hundreds of nuclear plants. Apart from the dim prospect of our building that many nuclear plants soon enough, there are also numerous severe problems with hydrogen's nature as an element that present forbidding obstacles to its use as a replacement for oil and gas, especially in storage and transport. Wishful notions about rescuing our way of life with "renewables" are also unrealistic. Solar-electric systems and wind turbines face not only the enormous problem of scale but the fact that the components require substantial amounts of energy to manufacture and the probability that they can't be manufactured at all without the underlying support platform of a fossil-fuel economy. We will surely use solar and wind technology to generate some electricity for a period ahead but probably at a very local and small scale. Virtually all "biomass" schemes for using plants to create liquid fuels cannot be scaled up to even a fraction of the level at which things are currently run. What's more, these schemes are predicated on using oil and gas "inputs" (fertilizers, weed-killers) to grow the biomass crops that would be converted into ethanol or bio-diesel fuels. This is a net energy loser -- you might as well just burn the inputs and not bother with the biomass products. Proposals to distill trash and waste into oil by means of thermal depolymerization depend on the huge waste stream produced by a cheap oil and gas economy in the first place. Coal is far less versatile than oil and gas, extant in less abundant supplies than many people assume and fraught with huge ecological drawbacks -- as a contributor to greenhouse "global warming" gases and many health and toxicity issues ranging from widespread mercury poisoning to acid rain. You can make synthetic oil from coal, but the only time this was tried on a large scale was by the Nazis under wartime conditions, using impressive amounts of slave labor. If we wish to keep the lights on in America after 2020, we may indeed have to resort to nuclear power, with all its practical problems and eco-conundrums. Under optimal conditions, it could take ten years to get a new generation of nuclear power plants into operation, and the price may be beyond our means. Uranium is also a resource in finite supply. We are no closer to the more difficult project of atomic fusion, by the way, than we were in the 1970s. The upshot of all this is that we are entering a historical period of potentially great instability, turbulence and hardship. Obviously, geopolitical maneuvering around the world's richest energy regions has already led to war and promises more international military conflict. Since the Middle East contains two-thirds of the world's remaining oil supplies, the U.S. has attempted desperately to stabilize the region by, in effect, opening a big police station in Iraq. The intent was not just to secure Iraq's oil but to modify and influence the behavior of neighboring states around the Persian Gulf, especially Iran and Saudi Arabia. The results have been far from entirely positive, and our future prospects in that part of the world are not something we can feel altogether confident about. And then there is the issue of China, which, in 2004, became the world's second-greatest consumer of oil, surpassing Japan. China's surging industrial growth has made it increasingly dependent on the imports we are counting on. If China wanted to, it could easily walk into some of these places -- the Middle East, former Soviet republics in central Asia -- and extend its hegemony by force. Is America prepared to contest for this oil in an Asian land war with the Chinese army? I doubt it. Nor can the U.S. military occupy regions of the Eastern Hemisphere indefinitely, or hope to secure either the terrain or the oil infrastructure of one distant, unfriendly country after another. A likely scenario is that the U.S. could exhaust and bankrupt itself trying to do this, and be forced to withdraw back into our own hemisphere, having lost access to most of the world's remaining oil in the process. We know that our national leaders are hardly uninformed about this predicament. President George W. Bush has been briefed on the dangers of the oil-peak situation as long ago as before the 2000 election and repeatedly since then. In March, the Department of Energy released a report that officially acknowledges for the first time that peak oil is for real and states plainly that "the world has never faced a problem like this. Without massive mitigation more than a decade before the fact, the problem will be pervasive and will not be temporary." Most of all, the Long Emergency will require us to make other arrangements for the way we live in the United States. America is in a special predicament due to a set of unfortunate choices we made as a society in the twentieth century. Perhaps the worst was to let our towns and cities rot away and to replace them with suburbia, which had the additional side effect of trashing a lot of the best farmland in America. Suburbia will come to be regarded as the greatest misallocation of resources in the history of the world. It has a tragic destiny. The psychology of previous investment suggests that we will defend our drive-in utopia long after it has become a terrible liability. Before long, the suburbs will fail us in practical terms. We made the ongoing development of housing subdivisions, highway strips, fried-food shacks and shopping malls the basis of our economy, and when we have to stop making more of those things, the bottom will fall out. The circumstances of the Long Emergency will require us to downscale and re-scale virtually everything we do and how we do it, from the kind of communities we physically inhabit to the way we grow our food to the way we work and trade the products of our work. Our lives will become profoundly and intensely local. Daily life will be far less about mobility and much more about staying where you are. Anything organized on the large scale, whether it is government or a corporate business enterprise such as Wal-Mart, will wither as the cheap energy props that support bigness fall away. The turbulence of the Long Emergency will produce a lot of economic losers, and many of these will be members of an angry and aggrieved former middle class. Food production is going to be an enormous problem in the Long Emergency. As industrial agriculture fails due to a scarcity of oil- and gas-based inputs, we will certainly have to grow more of our food closer to where we live, and do it on a smaller scale. The American economy of the mid-twenty-first century may actually center on agriculture, not information, not high tech, not "services" like real estate sales or hawking cheeseburgers to tourists. Farming. This is no doubt a startling, radical idea, and it raises extremely difficult questions about the reallocation of land and the nature of work. The relentless subdividing of land in the late twentieth century has destroyed the contiguity and integrity of the rural landscape in most places. The process of readjustment is apt to be disorderly and improvisational. Food production will necessarily be much more labor-intensive than it has been for decades. We can anticipate the re-formation of a native-born American farm-laboring class. It will be composed largely of the aforementioned economic losers who had to relinquish their grip on the American dream. These masses of disentitled people may enter into quasi-feudal social relations with those who own land in exchange for food and physical security. But their sense of grievance will remain fresh, and if mistreated they may simply seize that land. The way that commerce is currently organized in America will not survive far into the Long Emergency. Wal-Mart's "warehouse on wheels" won't be such a bargain in a non-cheap-oil economy. The national chain stores' 12,000-mile manufacturing supply lines could easily be interrupted by military contests over oil and by internal conflict in the nations that have been supplying us with ultra-cheap manufactured goods, because they, too, will be struggling with similar issues of energy famine and all the disorders that go with it. As these things occur, America will have to make other arrangements for the manufacture, distribution and sale of ordinary goods. They will probably be made on a "cottage industry" basis rather than the factory system we once had, since the scale of available energy will be much lower -- and we are not going to replay the twentieth century. Tens of thousands of the common products we enjoy today, from paints to pharmaceuticals, are made out of oil. They will become increasingly scarce or unavailable. The selling of things will have to be reorganized at the local scale. It will have to be based on moving merchandise shorter distances. It is almost certain to result in higher costs for the things we buy and far fewer choices. The automobile will be a diminished presence in our lives, to say the least. With gasoline in short supply, not to mention tax revenue, our roads will surely suffer. The interstate highway system is more delicate than the public realizes. If the "level of service" (as traffic engineers call it) is not maintained to the highest degree, problems multiply and escalate quickly. The system does not tolerate partial failure. The interstates are either in excellent condition, or they quickly fall apart. America today has a railroad system that the Bulgarians would be ashamed of. Neither of the two major presidential candidates in 2004 mentioned railroads, but if we don't refurbish our rail system, then there may be no long-range travel or transport of goods at all a few decades from now. The commercial aviation industry, already on its knees financially, is likely to vanish. The sheer cost of maintaining gigantic airports may not justify the operation of a much-reduced air-travel fleet. Railroads are far more energy efficient than cars, trucks or airplanes, and they can be run on anything from wood to electricity. The rail-bed infrastructure is also far more economical to maintain than our highway network. The successful regions in the twenty-first century will be the ones surrounded by viable farming hinterlands that can reconstitute locally sustainable economies on an armature of civic cohesion. Small towns and smaller cities have better prospects than the big cities, which will probably have to contract substantially. The process will be painful and tumultuous. In many American cities, such as Cleveland, Detroit and St. Louis, that process is already well advanced. Others have further to fall. New York and Chicago face extraordinary difficulties, being oversupplied with gigantic buildings out of scale with the reality of declining energy supplies. Their former agricultural hinterlands have long been paved over. They will be encysted in a surrounding fabric of necrotic suburbia that will only amplify and reinforce the cities' problems. Still, our cities occupy important sites. Some kind of urban entities will exist where they are in the future, but probably not the colossi of twentieth-century industrialism. Some regions of the country will do better than others in the Long Emergency. The Southwest will suffer in proportion to the degree that it prospered during the cheap-oil blowout of the late twentieth century. I predict that Sunbelt states like Arizona and Nevada will become significantly depopulated, since the region will be short of water as well as gasoline and natural gas. Imagine Phoenix without cheap air conditioning. I'm not optimistic about the Southeast, either, for different reasons. I think it will be subject to substantial levels of violence as the grievances of the formerly middle class boil over and collide with the delusions of Pentecostal Christian extremism. The latent encoded behavior of Southern culture includes an outsized notion of individualism and the belief that firearms ought to be used in the defense of it. This is a poor recipe for civic cohesion. The Mountain States and Great Plains will face an array of problems, from poor farming potential to water shortages to population loss. The Pacific Northwest, New England and the Upper Midwest have somewhat better prospects. I regard them as less likely to fall into lawlessness, anarchy or despotism and more likely to salvage the bits and pieces of our best social traditions and keep them in operation at some level. These are daunting and even dreadful prospects. The Long Emergency is going to be a tremendous trauma for the human race. We will not believe that this is happening to us, that 200 years of modernity can be brought to its knees by a world-wide power shortage. The survivors will have to cultivate a religion of hope -- that is, a deep and comprehensive belief that humanity is worth carrying on. If there is any positive side to stark changes coming our way, it may be in the benefits of close communal relations, of having to really work intimately (and physically) with our neighbors, to be part of an enterprise that really matters and to be fully engaged in meaningful social enactments instead of being merely entertained to avoid boredom. Years from now, when we hear singing at all, we will hear ourselves, and we will sing with our whole hearts. Adapted from The Long Emergency, 2005, by James Howard Kunstler, and reprinted with permission of the publisher, Grove/Atlantic, Inc. http://www.rollingstone.com/news/st...1689845570&has-player=true&version=6.0.12.104
Peak oil needs to be studied and understood by every American. The coming 20 yrs. will unfold basically hinged on this situation. This is why we are in Iraq. And there is a big dynamic between the U.S., Europe, China/Asia and Russia concerning flow and control of oil. China is gobbling oil like no one could imagine. Europe is hugely dependent and we are in a strangle hold (at least our standards of living are) So expect us or the UN to have a lot of intervention going on in Africa, Iran, Saudi Arabia and smaller suppliers like Venzuala. If you are not sure it's about oil this summer, you will be more ready to believe by next summer.
I think as we start running out of oil and gas, we will see the emergence of aussie gangs clad in spiked leather, with makeshift weapons, and modified firearms fighting for control of the resources. These various gangs will be barbaric and battle one another for control.
Rolling Stone can't even be taken seriously as a music publication anymore, so naturally we should read it for worldwide socio-economic news...
Peaking of World Oil Production: Impacts, Mitigation, & Risk Management, by Robert L. Hirsch, SAIC, Roger Bezdek, MISI, Robert Wendling, MISI for the National Energy Technology Laboratory of the US Department of Energy [2005 February] "The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking." Expert says Saudi oil may have peaked, by Adam Porter [2005 February 22] "As oil prices remain above $45 a barrel, a major market mover has cast a worrying future prediction. Energy investment banker Matthew Simmons, of Simmons & Co International, has been outspoken in his warnings about peak oil before. His new statement is his strongest yet, 'we may have already passed peak oil'." Nuclear Energy and the Fossil Fuels by M. King Hubbert, Chief Consultant (General Geology), Exploration and Production Research Division, Shell Development Company, Publication Number 95, Houston, Texas, June 1956, Presented before the Spring Meeting of the Southern District, American Petroleum Institute, Plaza Hotel, San Antonio, Texas, March 7-8-9, 1956. Chinese demand set to push Opec to limit, by Javier Blas and Kevin Morrison in London [2005 February 16] "The Organisation of Petroleum Exporting Countries signalled a significant tightening of oil markets towards the end of this year, warning on Wednesday it would have to pump close to its maximum capacity next winter to meet rising demand from China against the backdrop of slowing Russian production." U.S. Energy Policy: A Declaration of Interdependence, by David J. O'Reilly Chairman and CEO, ChevronTexaco Corporation [2005 February 15] "Simply put, the era of easy access to energy is over. In part, this is because we are experiencing the convergence of geological difficulty with geopolitical instability... [W]e are seeing the beginnings of a bidding war for Mideast supplies between East and West." [Note: By reading this carefully, one can discover that the head of a major oil company is aware of the impending oil crisis. Editor.] Oil Production and Consumption for Certain Countries "These graphs show the relative oil availability and oil demand amongst certain countries whose strategic interests may be in conflict." New Oil Projects Cannot Meet World Needs This Decade, by Oil Depletion Analysis Centre [2004 November 16] "World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC). "The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs." To list a few other sources from a very long list.
LOL...I need to stockpile my collection of football shoulder pads and Lacrosse helmets--both black and white for each side... Seriously though, if this doesn't even REMOTELY concern you or you think this is a "chicken little" senario then it's time to remove your noggin from yo bottom. I for one will ALSO be stockpiling ammunition, refined oils and gasoline if possible, MRE's and long shelf life food, water, batteries....what else do I need, any ideas?hehehhe--not REALLY, but doomsday senarios get me thinking sometimes
Actually, I see it as gangs fighting for control of vast fields of hemp grown for the seed oil that can be easily refined to run existing diesel engines.
For myself in sincerity, I enjoy reading up on such subjects but don't see them as doomsday scenarios, far out fanaticism or absolute future shocks. How true it is? God knows. I don't store up, buy survivalist books or even change anything about the way I live. Nor do I scoff at the mounting information available that points to dire times ahead. Instead I like to understand what drives decisions that move our nation because I love our nation. I have five children who will live in a different world than I grew up in. When I went to public school we said the Lord's Prayer everymorning and the pledge of alliegence, we had the Ten Commandments in textbooks and every Christmas we had a play about the birth of Jesus. My how times have changed. I remember gas at 15cents/gal. and the rationing of gas in the '70's. Peak oil may be nothing, but everyone is acting like it is something. Really I find it interesting. I don't spend my time worrying or preparing. I spend my time helping my wife as much as possible around the house and doing things with my children. I consider those things far more important to them and their future than trying to predict the price of gasoline in 5 yrs. Having said that, I don't think it is prudent to let someone else tell you what is happening in the world today. I believe every American needs to read, research and study. If you want to have teh best shot at an HONEST opinion on current events and geo political events.
Hmmm. sounds like I need to invest in oil and gas mutual funds. That way, when I pay too much at the pump, it goes right back to my brokerage account.
makes me want to buy a sailboat and a fishing pole I don't doubt this is true I just doubt the timeline.
Peak oil is the short name for the Hubbert peak. This article is with the author's own emotional baggage. I've seen several people who tout things like this and it's clear to me that what he's really doing is fantasizing about a future that can be made to fit within the boundaries of possible reality, such that all of his negative views about the average person are vindicated by this emergency. Secretly, he yearns for this crisis to happen, and he will be disappointed if it fails to materialize. The Long Emergency is an incredibly ominous sounding name, and in fact when I clicked on the title I was expecting the article to be about some new Bush initiative to take away civil liberties in the eternal war on terror. It's a scare piece, designed to get you when you're most concerned. Wait a couple of weeks for the short term fluctuations in gas prices to inch back down. You will notice that peak oil will disappear from view, but at the next price spike, the prophets will be back, to claim the end of the world. It was the same thing with the OPEC deak in the mid-seventies. Everybody and his mother was talking about the energy crisis and alternative energy, but 6 years later, by the early 80's gasoline had bottomed out and you didn't hear mention of the subject. Keep in mind also that the dollar had been devaluated by GWB to stimulate exports, so pricing parity across the world naturally drives up the price of oil in dollar terms, because suddenly Europeans get their twice as many dollar for their Euros, and so gas prices are essentially cut in half for them. They buy more, so the price rises, until the cost-demand balance reaches a new equilibrium. If you wish to read a more thoughtful examination of the subject, I suggest you start with the following at Wikipedia: The Hubbert Peak Nonconventional Oil Seabed methane clathrates The 1973 Energy Crisis The 1979 Energy Crisis The 2004 Energy Crisis My personal feeling on the subject from what I've been reading is that there will be some series of remedies that involve the non-conventional oil category and some extreme deepwater drilling will keep the prices right around where they've been for the last year for the foreseeable future, and that global warming will kill us all before we run out of gas, but I can at least admit that I don't know for sure.
Thanks for the Counterpoint Ottomaton..... It's good to get a different view since I lean more towards conservation and the environment...I'm a LIBERAL right?? In either case, yes, the article is slanted, no argument here. But we MUST take this possibility seriously with a sense of urgency. Lets be optomistic and say the peak is another 20 years away. I'll be in the prime years of my earning potential, securing a future for my children as they get into or graduate from College and looking at seriously retiring in the next 10-15 years. If the economy is still oil based and we are forced into world-wide depression when the bottom falls out of the major stock exchanges, where does that leave ME?? My savings, 401K, IRA's and options...etc, could be wiped out and I could be left with nothing. Where does that leave our country?? Will it be like the Depression-era 30's? Maybe...I don't know either. The selfish side of me wants the "blessings" of the American dream: a good retirement, security, healthcare, leisure and ALL the creature comforts. Facing a future without those things is a bleak proposition but one we should face now. Lets not be surprised in the future if there is a chance those "blessings" could disapear due to our reliance on oil and refusal to conserve. what is it worth to you?
One of the reasons I reacted strongly when I first saw the subject is that there are shysters who hang around till prices go up and sell people large amounts of oil futures or oil stocks while the price is high in a "pump n' dump" maneuver to capitalize on the unseasoned investor's fears. One of the worst things we could do in general would be to act out of irrational fear. The clearest related case I can think of is, back during the original oil crisis, there was a big push to bring nuclear reactors online. My fellow Eaglebrook Alumnus, Michael Douglas, produced and starred in one of his first big hits, a scare flick that was designed to make people afraid of nuclear energy called The China Syndrome. From top to bottom, it distorted facts, played loose with reality, capitalized on people’s fears and killed the nuclear power industry in the US. If you ever watch it, look for all the subtle things he does, like make all of the nuclear power proponents fat, bald, and dumpy. It's really designed not to inform but to scare. In fact, the entire concept of the "China Syndrome" is little more than a science fiction construct. (The idea is that the reactor core would melt out of it's containment, boil the water so that it's launched a mile into the air, and then fall back down and melt it's way "all the way to China". In order to get the velocity to go through the other side of the earth you'd need to launch the core with enough velocity to make the uphill climb from the center of the earth, (excluding any normal and realistic effects caused by the viscous melted rock) you'd have to launch it from the planet with such a velocity that the core would exceed orbit). The film was released 12 days before the Three Mile Island incident (nobody was exposed to any radiation there, btw) and it scared people into an irrational fear. As a result, the nuclear power industry died in the US & we kept on with the fossil fuels and greenhouse gasses and currently about 15% of our power comes from nuclear energy. Currently France, that bastion of all that conservatives hate in the world, derive 75% of their electricity from nuclear power and haven't had an accident. Specifically, the SO2 we release from burning coal creates sulfuric acid (acid rain) and CO2, the behemoth of greenhouse gasses. Thanks Michael, really saved us there... Whenever I listen to these proponents, I ask my self the following question; "If there was a magic technological bullet that would solve the problem without effort, and we could keep on as is, would this guy be happy or upset?" I don't understand this actually. Are you saying that conservation extends to oil in the ground for oil's sake? Otherwise running out of gas would actually be good for the environment. No more carbon monoxide emissions. I believe in saving ecosystems, but I know there are some people against the idea of terraforming Mars even if it's totally lifeless, and this I can't understand. Do you want to know why there are so many people on the face of the Earth instead of coelacanth or trilobites? It's because there were mass extinctions, created by global warming-type conditions, and our ancestors adapted, and theirs didn't. You owe your very existence to mass extenction and climate change, so it has to be good in that respect, right? If you want a happy science fiction read of the future check out Distraction by Bruce Sterling. It paints a pretty realistic dystopian view of what you fear and more, but if it happens nothing can stop it. The problem is, when your on top of the world and change comes, there aren't too many directions to go. Of course, we could loose 1/2 the poplulation of the world to a new super-resistent influena strain (the spanish flu of 1917 killed more people than world war one and half of the worlds population caught it), like the epidemologists say is ineviatable, or the supervolcano under Yellowstone could erupt and kill 95% of the US population and then you wouldn't have to worry about your fears of running out of oil comming true.
The thing about humans is that they need a crisis to adapt, otherwise it is business as usual. When the time comes, the strong will survive and life will go on in one form or another.
From the economist: The 80s actually had higher prices when accounting inflation. Some analysts from Goldman Sachs want the price to reach 90 dollars a barrel to reduce consumption. We still have ways to go. I wouldn't bank on the nuclear option too much. If the world's energy production was focused on available uranium and plutonium as the primary source, we'd run out in 2 years. But I do agree that nuclear reactors are a viable intermediary. China's investing in pebble bed reactors, which eliminates the potential dangers such as radioactive waste and 3 Mile Island meltdowns through very practical techniques. Plus they're modular so it can meet the needs of a small town or a large city without the entrenched architecture of nuclear core reactors. Google has many references for the interested. Many environmental professors I talked to aren't overly concerned about peak oil. They usually list alternate technologies that are currently in development as intermediates and long term solutions. The politics that are driven by peak oil is a different matter....