International Energy Authority chief economist, Fatih Birol talks the talk about peak oil
(January 2008)
International Energy Authority chief economist reveals startling prediction for peak oil date – (December 18, 2008, Guardian)
Simmons & Company Chairman Matthew Simmons says the low price of crude is not reflective of a drastic demand decrease.
(Dec. 19, 2008, Fortune/CNN)
Peak Oil: the truth & the lies
Peak Oil – Time To Face Reality
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The above is just a peek into the world of peak oil that I had been researching for some time now, my attempts innovate for energy generators hit major road blocks and probably the world won’t survive into the next 50 years.
There might be still hope but it takes great will and strength of all humans left in this world after the fact of great disaster comes upon us to pull this through.
Money, wealth & power should be the least of your concern as when the world dissolve itself into anarchy and lawlessness…what’s the use of holding on to paper money printed illegally by your central banks or be the president of a company that makes “money” that devalues every single day…a.k.a. Zimbabwe money effects.
We should focus more on sustainability development on a global scale or at least within individual communities.
To convert urban car park into hydroponic vegetable gardens, chicken farm, solar panels & wind mills should be promoted with government incentives and tax breaks.
The world should not base on profit anymore but on sustainability or ability to sustain life without oil…
The effects of ultra cheap oil price now may be the result of some over ambitious plan by high politician or someone of big power to lower the previously record oil prices.
Their plan to lower the oil prices is very simple.
- Ask for more oil from Saudi Arabia
- Fail…then break the bubble of the property market using subprime
- Fail…then break the financial bubble
- Fail…then shut down a bank or….2
- Fail…refuse to help the auto industry?
Apparently their actions may had triggered a domino effects on the financial markets which is exactly what President Bush mentioned to the Saudi if they don’t release more oil to the market to reduce supply tightness….
The result is Demand Destruction by economic bubble to be burst by high oil prices.
Then comes the latest total shocking oil supply cut by the OPEC countries in a way that the world have NO SAY to this at all and soon we shall be forced out of our addiction of oil by virtually NO OIL to use.
The cheap oil era may last only this long until the oil industry either goes bankrupt or CUT OIL SUPPLY TOTALLY…or simply uses protectionist policy by supplying only local markets instead of exporting to international markets.
What should you do to save yourself? Think!
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