New World Record in Oil Prices at USD$81 per Barrel for Nymex

Posted on by

The world just wake up to a much higher oil prices then ever before, there are many speculation from stronger demand and “tight” supply to possible storm ahead coincide with spike in demand during winter. There are others who talk softly about possible war with IRAN by the France.

There are many possible reasons to this sudden spike in oil prices but other then the “peak oil” theory that made headlines world wide that the world is about to reach or already passed the peak of oil production and soon goes into inevitable declines in oil supplies creating higher oil prices and political tension between countries that need the last patch of oil somewhere in the middle east (No Hint and no prize guessing where)

It’s almost inevitable that human might fight each other to the last breath for the “normal” way of life of the world “technology” dependent human race. The very technology that made possible with cheap fossil fuels, without cheap fossil fuels (expensive) man can find themselves back in pre-industrial age.

The only possible solution now is conservation, green revolution and population reduction. But all these solutions are very unpopular and anti-growth that the world is so used to by now. The capitalism effect that view growth is the main positive outcome of every country, the politician will view that it’s good only when there is growth in the GDP or taxes for the country.

So when will man kind learn their lessons since world war 1 & 2 are fought basically for fossil fuels and eventually it will be another bad ending.

Learn how to conserve fuel, electricity and recycle now and immediately!

Thanks Lowem for the latest updates at his blog!!!

Popularity: 1% [?]

Be Sociable, Share!

Post to Twitter Tweet This Post

  • Sleepless

    “Former US Energy Secretary Dr James Schlesinger today claimed that the intellectual arguments over peak oil had been won, and that in effect ‘we are all peakists now’. In the keynote speech at the first day of an oil depletion conference hosted by the Association for the Study of Peak Oil in Cork, Schlesinger said that oil industry executives now privately concede that the world faces an imminent oil production peak, and argued that a recent report by the US oil industry grouping the National Petroleum Council constituted “a backdoor admission that in the next decade or two we face a moment of truth”. In a wide-ranging interview with Lastoilshock.com, Dr Schlesinger – who was also Defence Secretary and CIA Director – explains why he thinks “the battle is over, the peakists have won”, and discusses the delusions of US energy policy, Iraq, Iran and $100 oil.”

    http://www.davidstrahan.com/blog/?p=42