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Peak Oil |
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| Peak Oil |
Next to water, oil is the most important liquid on the planet. It is used both for its energy as well as its chemical ingredients. Society depends on readily available oil in ever increasing amounts. Oil reserves are a finite, limited resource. Globally, they are being depleted at over 80 million barrels per day. At some point, oil extraction will reach its highest level or peak. After this, extraction will begin a permanent decline. Demand for oil increases every year. After oil extraction peaks, supply will begin to decline. In order to prevent shortages, prices will rise to decrease the demand. Gasoline is one very important product of oil. As the supply of oil decreases, so will the suppy of gasoline. In the past two years, the price of gasoline in the United States has doubled. As the price rises, people will have to change their spending habits. Some will choose to use less gasoline. Others will choose to continue using the same amount. They will have less money to spend other places. Value System on Live Journal - All of my articles, essays, and ruminations on peak oil, sustainability, value systems, and the state of the world. The Local Future Network - A brand new nonprofit educational outreach organization, launched in 2008, in order to educate the public to the issues of peak oil, climate change, and sustainability. NewCulture on YouTube - Over a dozen original videos on the topics of peak oil, climate change, and sustainability, including my extremely compact 10-minute summary on peak oil and the future. Find even more information at the links at right.
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