Thursday, 22 October 2009

Peak Oil Studies Galore

While the rest of the world worries about the strength of this recovery (of gluttonous over-consumption), the researchers have been busy. Looking at something that might kill the recovery for several years, if not decades to come.

"An increasing number of experts and commentators warn that the era of cheap oil
is over and that an oil crunch is likely within the next decade. An oil crunch would fundamentally threaten the way our city operates with challenges to transport, healthcare, food distribution, social cohesion, public services and other sectors."
"The priority recommendation is the need for international recognition of the underlying fundamental problems that equate to an imminent oil supply crunch. It is hard to see how efective solutions can be developed until there is widespread recognition of the problem."

"we suggest that a peak of conventional oil production before 2030 appears likely and there is a significant risk of a peak before 2020. Given the lead times required to both develop substitute fuels and improve energy efficiency, this risk needs to be given serious consideration."

Translation: get off yer arse and start working towards solutions!