Guest Commentary
It's time for me to leave my current life and start living in a post-peak-oil world
by Guy McPhersonArticle Tools
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Dr. McPherson sounds JUST LIKE my father - in 1959! I've heard it over and over again: gloom and doom! We've had a 0.5% decline in oil production in the last four years, and beginning this year we will experience a 9.1% decline - per year.
What he doesn't take into account is that there is a tremendous reserve of oil that is only marginal to produce at current prices. A slight price rise will bring those fields online. Yes, a price rise, but it doesn't need to be that big. THAT is what produced the glut last year, with $4 per gallon gas.
We heard (or, those that were alive at the time heard) the same thing as the world ran out of whales, the predecessor to fossil oil. As the last of the whales disappeared, and the price of whale oil rose, the gloom-and-doom men were predicting imminent collapse of society. But, just around the corner was petroleum.
What's around the next corner? I don't rightly know, but Dr. McPherson assumes NOTHING. There are several sources of energy that are only somewhat more expensive than oil. This is why oil companies can't just raise their prices at will. Yes, it will be more expensive, but no, we won't all die.
Dr. McPherson said on his blog to read the comments for entertainment, lol! Yes, W Corvi, many ppl have cried "wolf" and "the sky is falling" before but there's really no alternative to oil. Hydrogen is waaay off, wind can't make up for oil, coal will cause further global warming, any rise in the price of oil will further damage the economy.
William Engdahl (German economist who wrote many books on the economy) on Ten Years of Economic Hell for America! Prepare for the worst economic disaster to hit America, even worse than the Great Depression!
http://www.youtube.com/watch?v=eqs9ihD3vdI…
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