Key findings: Peak oil will definitely happen if it hasn't already, and waiting until world oil production peaks before starting a crash program leaves the world with a major gas & diesel deficit for over 20 years. Since this report was done for the Bush admin, their policies of encouraging mass consumption & oil wars to maximize big oil profits are epically criminal.
This is just a reminder that we need to do more this November than kick out oil company stooges Bush & Cheney. We need to disconnect our government from energy industries that base their profits on creating scarcity, and therefore squeezing the economic life out of all but the very wealthiest of us.
Renewable energy is antithetical to the interests of those businesses and individuals. While switching to renewables will create jobs in the short term, once the hardware is in place, the ''fuel'' going into solar and wind is free, and the more that are built, the lower the price of the energy they produce. You only have to compare this to how our transportation economy works. Toyota, GM, and Daimler Benz are not the most profitable corporations in the history of the world, the companies that extract and process the fuel that go in their cars are. Renewable energy wipes out that most profitable sector, and replaces it with something more akin to making houses, cars,and refrigerators: profitable but not masters-of-the-universe, power-of life-and death-over-the-world profitable.
So long as oil companies and energy speculators have ANY place at the table, the rest of us will suffer.
Our government must do to big oil and energy traders what a farmer does to a bull or hog that gets too troublesome: get the sheepshears, snip off their balls, and feed them to the dogs.
KEY EXCERPTS:FULL REPORT IN HTML
The study envisions three scenarios for dealing with a peak oil reality: scenario one involves action not taken until peaking occurs, and scenarios two and three deal with action taken ten and twenty years prior thereto. The conclusions follow:
- Waiting until world oil production peaks before taking crash program action leaves the world with a significant liquid fuel deficit for more than two decades.
- Initiating a mitigation crash program 10 years before world oil peaking helps considerably but still leaves a liquid fuels shortfall roughly a decade after the time that oil would have peaked.
- Initiating a mitigation crash program 20 years before peaking appears to offer the possibility of avoiding a world liquid fuels shortfall for the forecast period.
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