PEAK OIL

BBC: When the last oil well runs dry
Just as certain as death and taxes is the knowledge that we shall one day be forced to learn to live without oil.
Exactly when that day will dawn nobody knows, but people in middle age today can probably expect to be here for it.

From The Wilderness Publications reported him as saying: "Any serious analysis now shows solid evidence that the non-FSU [former Soviet Union], non-Opec [Organisation of Petroleum Exporting Countries] oil has certainly petered out and has probably peaked...


No cheap oil, no cheap food
"I think basically that peaking of oil will never be accurately predicted until after the fact. But the event will occur, and my analysis is... that peaking is at hand, not years away.

"If I'm right, the unforeseen consequences are devastating... If the world's oil supply does peak, the world's issues start to look very different.

"There really aren't any good energy solutions for bridges, to buy some time, from oil and gas to the alternatives. The only alternative right now is to shrink our economies."