Everything we do and experience in this generation is brand new. A little over 100 years ago my grandfather went to school on a horse. No cars, no planes. There was nothing of what we now take as reality. Its all we've known but there's no historic precedent to say its sustainable and going to last. None of it could have happened without oil. One day production will peak (if it hasn't already) and nature will likely force everything back into balance...
I found this article when I was reading links about Peak Oil at oilfear.com. There seems to be a lot of discussion in the media now about what might end up being the catalyst for a shoking change to life as we currently experience it.
Oily
@
Feb 24, 2008 08:07:34 AM
HIGH OIL PRICES
I'M A SINGLE MOTHER WHO HAS ONE INCOME TO SUPPORT BOTH
MY SON AND I.SO WHEN OLD MAN WINTER COMES, I HATE IT.NOTHING
LIKE DECIDING TO PAY MORTGAGE OR OIL.AND THATS EARNING A
DECENT PAY CHECK EVERY WEEK,WITHOUT CHILD SUPPORT I MIGHT
ADD.
I THANK GOD I CAN WORK AND BLESS MY WEEKLY CHECKS,BUT THE
ONES LIVING ON SOCIAL SECURITY OR LIVING ON MINIMUM WAGE,
SHOULD GET HIGHER INCOMES,PERIOD.IT LITERALLY TAKES 2 INCOMES
NOW TO LIVE COMFORTABLY,AND KEEP THAT CREDIT SCORE UP THERE.
of VT
@
Feb 21, 2008 14:19:13 PM
$100 Oil
What is not generally mentioned in discussion of high oil prices is the term "Peak Oil". The crude oil output in the U.S. lower 48 peaked in 1970 and has been in terminal decine since. So have many other non-Opec countries, especially Mexico. Since so many oil fields are experiencing declines it is becoming more challenging to make up for these declines with remaining production. The scnario appears to be getting worse, fast. Tar Sands in Canada are helping but at great environmental cost. The remaining oil in the world, though still extensive, is becoming more difficult to get to. All the easy oil has already been extracted. Over time, the Peak Oil syndrome is going to keep driving prices higher. Alternative energy is still in early stages of development. Industry and agriculture depend heavily on oil and gas and will take a big hit in the future as well. Looks like tough times ahead. Unless of course, someone pulls a big oil field out of a hat...
Aboutzkiow of MN @ Apr 16, 2008 14:33:41 PM
Aboutrewfw of MT @ Apr 16, 2008 14:31:41 PM
Oily @ Feb 24, 2008 08:07:34 AM
of VT @ Feb 21, 2008 14:19:13 PM
Daniel Draffen of AL @ Feb 21, 2008 08:34:23 AM
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