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News item: World Unaware as Oil Dries Up: Experts

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0 comments   Add a comment   Contributor:  TheTeam (Jan-17-2009)    Play a Video
Optimism: 1 Categories: Economic/Financial, Peak Oil/Gas & Energy Demand

Abandoned oil wellMost petroleum sources are on the downward slide

For more than a century it has been cheaper than coffee and as constant as ocean waves.

Getting it is simple. You select the grade, insert the nozzle, squeeze the handle and gasoline comes out. There seems no end to it. Until now.

On top of the other problems plaguing the world, such as global warming and the current financial meltdown, there's a third pressing issue that threatens to bring the good life to an end: The world is fast running out of oil.

Given that crude oil makes up 36.4% of the world's energy consumption, the seriousness of shortages cannot be underplayed. Our reliance on oil is almost total. It fuels 100% of air and sea transport and most of our land transport.

Without oil there is no petrochemical industry. Agriculture, manufacturing, building materials, the clothes we wear, the food we eat and the medicines we take depend on oil.

Running out of oil is a question of when – not if.... Read the rest of this story

See original news item: Vancouver Sun, Jan-12-2009  
Related PlanetThoughts.org reading:
  The Peak Oil Crisis: When? (Aug-29-2014)
  Peak Oil - The Clear And Present Danger (Jul-3-2011)
  Fake Firemen - Why Are We Cheating Ourselves On ... (Jul-10-2010)
  "By 2012, surplus oil production capacity could e..." (May-17-2010)
  World Oil Production Forecast (May-4-2010)
  In Transition 1.0: Film About The Move To Local ... (Jan-4-2010)
  Is Peak Oil Real? A List of Countries Past Their... (Jul-27-2009)
  The Next Five Years: Peak Lite and the Current O... (Mar-29-2009)
  Broadening the Peak Oil Conversation: Robert Hir... (Dec-24-2008)
  Shocks, Shortages, and Scenarios - Planning for ... (Dec-13-2008)

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About contributor Member: TheTeam (PlanetThoughts Team) TheTeam (PlanetThoughts Team)

Member: TheTeam (PlanetThoughts Team) The volunteers of PlanetThoughts.org are happy to give you their best selection of news, opinion, reviews, stories, quotes, tips, and more. We hope you enjoy the reading... and thinking. Thanks!

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