Nutshell for those who just tuned in:
PEAK OIL=the theory that states at some point Planet Earth will reach it's highest output of oil possible, based on it's finite supply of the stuff. Once that point is reached, it will have peaked. After that, it's all downhill folks!
There's a lot to read about Peak Oil, so check out the Peak Oil entry at Wikipedia.org by going here: http://en.wikipedia.org/wiki/Peak_oil
In the meantime, here's some disturbing (but probably overdramatic) news about Peak Oil being very much on the horizon (say, within the next 5 years) that comes to us from [http://news.independent.co.uk/business/news/article2750517.ece|a July 12, 2007] article at http://News.Independent.co.uk :
The world faces an oil supply crunch with prices poised to soar to new all-time highs over the next five years, a report from the International Energy Agency warned yesterday.
In its Medium-Term Oil Market report the Paris-based organisation predicted that demand would rise by 2.2 per cent a year between 2007 and 2012 - up from a previous forecast of 2 per cent - as the world's economy expands at about 4.5 per cent a year.
That means demand is set to grow by 1.9m barrels a day to 95.8m barrels a day by 2012.
The demand will be driven by the fast-growing economies of Asia and the Middle East, where the thirst for black gold will grow more than three times faster than the 30 industrialised members of the Organisation for Economic Co-operation and Development. That is because several countries in those regions are set to break the $3,000 per capita income level, when consumers can afford to buy energy-consuming products such as cars and white goods.
Weeee!!
OK, governments of the world! Time to start oppressing your people and taking away freedoms! If people think they can go on buying DVDs and gadgets and cars, and homes for cheap that means there won't be enough cheap oil to go around! WE CAN'T LET THAT HAPPEN!
I MUST HAVE MY DVDs!!
Seriously, China. Ya gotta start killing more people. Too many of you guys are going to drag the rest of our lifestyles down!
Man, those nukes are looking pretty good right about now! I'm glad we lied about getting rid of them!
I AM SO KIDDING, PEOPLE.
But seriously, there will be many more wars about oil.
Orignal From: REMEMBER PEAK OIL? YEAH, IT REMEMBERS YOU, TOO
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