SITE OF THE DAY: PEAK OIL

LIFE AFTER THE OIL CRASH

Civilization as we know it is coming to an end soon. This is not the wacky conclusion of a religious cult, but rather the result of diligent analysis sourced by hard data and the scientists who study global “Peak Oil” and related geo-political events.

So who are these nay-sayers who claim the sky is falling? Conspiracy fanatics? Apocalypse Bible prophesy readers? To the contrary, they are some of the most respected, highest paid geologists and experts in the world. And this is what's so scary.

The situation is so dire that even George W. Bush's Energy Adviser, Matthew Simmons, has acknowledged that "The situation is desperate. This is the world's biggest serious question."

According to Secretary of Energy Spencer Abraham, "America faces a major energy supply crisis over the next two decades. The failure to meet this challenge will threaten our nation's economic prosperity, compromise our national security, and literally alter the way we lead our lives."

Below you find a brief explanation of Peak Oil, the ramifications, and what we can do about it. For the sake of simplicity, I have designed the following explanation for somebody unfamiliar with Peak Oil. If you would like more in depth explanations with graphs, charts, and the like, please consult the extensive interviews, articles and sites I have linked to throughout this site

Ultimately, the question is not "When will we run out of oil?" but rather, "When will we run out of cheap oil?"