A crash course in changing the world.
Dear Evoke Agents,
Let’s look at more Research and relevant Theory!
Let’s now have a look now at Peak Oil or Houston we have a problem!
Since the first major discoveries of oil fields more than a century ago, most of the world has been able to enjoy a level of economic growth like never in the past. Oil is a very efficient source of energy; produces a lot of energy per cost, easy to transport, and was easy to find, until recently. We now realize that the easy discoveries are behind us, that the barrels that were cheap to produce are gone. There is still a lot of oil in the ground. Many discoveries are still possible. The problem is that we are now burning oil discovered decades ago, that most new discoveries will be in areas less easily available, and that the marginal cost to produce the next billion of barrels can only go up.
This situation is not new, Dr. Marion King Hubbert, a Shell geologist, accurately predicted in 1956 that the domestic US production would peak in 1970. He also predicted that the global production of oil would peak around the year 2000. Because of his research, peak oil is also called Hubbert’s Peak.
Three pictures are worth 3000 words:
http://xtof.ouvaton.org/wakka.php?wiki=PeakOil
http://climateprogress.org/2009/05/30/obama-detroit-gm-fuel-efficie...
http://drmills.wiki-site.com/index.php/Peak_Oil_Preparation
Also have a look at You Tube:
http://www.youtube.com/watch?v=Ulxe1ie-vEY
http://www.youtube.com/watch?v=gHKp5vF_VoE
So here we are, in need of a sustainable solution!
I will be back later with some ideas to help reducing the negative impacts of peak oil.
For now, let’s look at more Research and relevant Theory! We are still in the learning process!
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