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World Crisis scenarios for the 21st Century – Peak Oil.

Posted by Adrian on July 16, 2007

We are now entering a new age of extreme worldwide change, amidst the fact we are living in an age of unprecedented growth and economic prosperity. The engines of China and Asia fueled an insatiable appetite for raw materials. Massive real estate booms in Europe, Asia, Australia and America ( although their housing boom is now in recession) and asset markets peak to the point of inflated bubbles. New threats appear on the horizon, lets look at some of these new threats to humanity, the first world crisis scenario Morbius Glass blog will look at is Peak Oil.

World Crisis scenarios for the 21st Century – PEAK OIL

graph1.gif

(graph from: lifeaftertheoilcrash.net)

The Peak Oil crisis scenario is probably one of the most worrying aspects of the future of mankind, since oil drove us literally into the mechanical age, everything now runs on it. It is the lifeblood of an industrialized society. The idea or concept of the Peak Oil scenario is that the world is now at Peak Production, which means we are at the top of the bell curve graph. According to Peak Oil theorists, we will inevitably be falling from the ‘Peak’ Production, in summary this means as the world grows in population and industrialized growth our desire for oil will grow, yet the supply will dwindle and the expense to supply will be phenomenal. Demand will outstrip supply for oil, and oil will become a scarce commodity. Since our society is solely connected to oil for everyday use, the ramifications for the Peak Oil scenario are devastating – as the cost to run oil based countries will be far too expensive. So apparently their will be extreme economic crashes in countries that produce oil, according to Peak Oil: Life after the crash website,

Civilization as we know it is coming to an end soon. This is not the wacky proclamation of a doomsday cult, apocalypse bible prophecy sect, or conspiracy theory society. Rather, it is the scientific conclusion of the best paid, most widely-respected geologists, physicists, bankers, and investors in the world. These are rational, professional, conservative individuals who are absolutely terrified by a phenomenon known as global “Peak Oil.”

 

However the degree of extremity by the Peak Oil theory could be balanced by the bridging of alternative fuels, bio, electricity and hydrogen fuel cells to the world demand. Can this meet the increasing demand on oil production? Or will there be an inevitable oil crisis, worst than anything the world has even seem? At this point in time there is a mad rush to produce as much ethanol or bio-fuel as quickly as possible. In America this has effected the commodity corn, last year it was reported that corn production for feedlots, dairy and other live stock became more expensive. As ethanol production began to increase, from the Californian Farm Beau Federation website,

 

“The booming ethanol industry may help ease U.S. dependence on foreign oil, but many California livestock producers fear the growing demand for corn used in ethanol production will drive up costs to feed their cows and chickens.”

 

In some ways this is a good example of our merchandised industries fine tuned dilemma, which is their and our total dependence on oil. So when another industry like ethanol attempts to be a buffer between the potential shortage and demand for fossil based oil, it can and does unbalance other industries. This can be seen in the livestock aspects of the food industry, by pushing corn prices up. So according to Peak Oil theorists an invertible crisis is looming, which ever way we look at the Peak Oil theory – the World is dependent on Oil and if production struggles, we are going to be in trouble.

 

How severe? Extreme, according to the author Matt Savinar of the website, Peak Oil: Life After the Oil Crash. A compete and utter meltdown of society. Matt Savinar is also featured in the new documentary movie ‘ A Crude Awakening’. Savinar’s website offers links, forums and book references to tell you how one can survive the coming Oil Crash.

 

If Peak Oil Theorists are correct, there is certain doom coming our way. Hopefully their calculations mean we face an extreme oil crisis later in the future than sooner, at least the world can prepare. But according to Peak Oil evidence, the ‘sooner’ scenario of Peak Oil crisis seems more of a reality.

 

Links and Reference:

 

Life After The Oil Crash website

 

California Farm Bureau Federation – on ethanol production

 

Clip from the documentary movie ‘A Crude Awakening’

 

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13 Responses to “World Crisis scenarios for the 21st Century – Peak Oil.”

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