Tuesday, May 4, 2010

Peak Oil And The United States-A Great Lesson

The prospects of peak oil are potentially problematic, and most realize that there is a finite amount of that stuff, and we do use a lot of it in human civilizations. Still, the question has been floated in the 1970's that Peak Oil could be the downfall of the United States and human societies around the world. If you do not think that such resources are important then you need to consider past wars, their causes and how such resources played pivotal roles in how, why, and when we ended up at war.

Are We Really Going to Run Out of Oil in My Lifetime, you ask. No, probably not, depends on how long you live (30-40 years more, probably not run out), but it will get very expensive to get the hard to get stuff, no more of this surface oil (crude) that costs merely $3 to $5 per barrel to extract from Middle East - estimates in Alaska are upwards of $11-15 per barrel. Deep gulf oil, maybe cheaper, but not much, still very expensive and even those resources will eventually run out too.
Russian oil, hard to say, as there is a pay to play component, and companies cannot trust them (just look at their efforts to start a cartel for natural gas like the OPEC, NGEC - Natural Gas Exporting nations?). What about South America? Yes, issues there too, Geo Politics and conflict know no bounds when it comes to black-gold. In Bolivia, Ecuador, Argentina, Venezuela, etc. due to nationalizing games during every potential regime change, this is a huge issue, and we need to be careful with China too.
Many are not looking there, we could be at war with China one day, or the Russians and Chinese could go to war some day over resources. You see, price points, new materials, economies of scale, hydrogen cells, better battery technology, alternative energy research all will play a part in this as well, so our future history is in no way written in stone, but there will be a long transition period, so things will come to a head and we are making the problems worse, by not having a legitimate politic-free energy policy.
We are our own worst enemy, we are blowing several great chances to secure and control our energy future, from oil to non-transportation energy - we need a plan, we need it now. A real plan, not some pie in the sky wishful thinking based on junk science. Please consider all this and plan.

No comments:

Post a Comment