And this is just the beginning.
Posted: 12 Sep 2005, 10:54
So it has been a long year and a bit for me since I got fully drawn into the world of peak oil and what a difference it has made to my life. However, the thing I find interesting that everything that people said would happen with peak oil and beyond is happening...
Rising inflation : Check! We are seeing the first signs and warnings of it.
Demand exceeding supply : Check! Although not necessarily a result of peak, but post peak will make it worse.
Conflict: U.S still beats the war drum near Iran, Japan and China may clash over East China sea oil...
Profits and investments reduced: If the story today is anything to go by, check!
Social unrest: We have the fuel protests
Food production down: Some farmers in U.S are using less pesticides etc. They can't afford the oil to grow so much
Concerns over electricity generation: Big concerns for this winter!
And there are more.
Okay these are just general musings and observations but we are at the thin end of the wedge, or at the top of the sliding slope, if you prefer.
Rising inflation : Check! We are seeing the first signs and warnings of it.
Demand exceeding supply : Check! Although not necessarily a result of peak, but post peak will make it worse.
Conflict: U.S still beats the war drum near Iran, Japan and China may clash over East China sea oil...
Profits and investments reduced: If the story today is anything to go by, check!
Social unrest: We have the fuel protests
Food production down: Some farmers in U.S are using less pesticides etc. They can't afford the oil to grow so much
Concerns over electricity generation: Big concerns for this winter!
And there are more.
Okay these are just general musings and observations but we are at the thin end of the wedge, or at the top of the sliding slope, if you prefer.