Peak oil and the end of the world as we know it

Ahh man, I love/Hate a good doomer Peak Oil article every now and then to snap me out of the general consensus trance which it is so easy to fall into. I always wonder about posting stuff like this, because I love cars and bikes and people never like bad news, but this is pretty serious and since I have this little window to show what I am aware of, would it not be irresponsible of me if I didn’t talk about it?
This one is fairly grim. Likely? Probably, You can see the consequences of it already as witnessed by the recent riots in Haiti, Bangladesh, Egypt, Indonesia, Ivory Coast, Mauritania, Mozambique, Senegal and Cameroon as people in these poorer countries have been priced out of food and fuel over the last couple of months. Rising prices are also contributing to the global economic slowdown and housing woes. Anyway, you can read the article here.


  1. Author
    ptsp 8 years ago

    Oil rules our world and energy lies behind so many of the headlines that
    might seem to be about other matters entirely. Take the food riots now
    spreading across the planet because the prices of staples are soaring,
    while stocks of basics are falling. In the last year, wheat (think flour) has
    risen by 130 percent, rice by 74 percent, soya by 87 percent, and corn by
    31 percent, while there are now only eight to 12 weeks of cereal stocks
    left globally. Governments across the planetary map are shuddering. This is
    a fast growing horror story and, though the cry in the streets of Cairo and
    Port au Prince might be for bread, this, too, turns out to be a tale largely
    ruled by energy: Too many acres turned over to corn (and sugar cane) for
    the creation of biofuels; a historic drought in Australia and other climate
    -change-induced extremes of weather — a result of the burning of fossil
    fuels — that have affected crop yields; and new middle-class consumers, in
    China and elsewhere, coming on line, with a growing desire for meat, the
    production of which is heavily petroleum based

  2. L... 8 years ago

    Got an interesting new perspective on this in Dubai…
    Of the many things I learned, a few stood out. They are building 24 hours a day there (using cheap labour literally on revolving continuous shifts) to construct massive new cities and industries so they will have other forms of income when the oil runs out…
    According to a guy we met who has lived there all his life and knows many people in different industries: apparently a massive new oil field has recently been found off Dubai which is not being reported. We were told that there is a huge increase of this happening because of too much foreign interest in any newly discovered oil, and the government wanting to hoard it when others are running out.
    Either way the idea of running out of oil has seriously focussed the Dubai authorities into planning for the future…. and turned Dubai into a really very odd place to visit too…

  3. admin 8 years ago

    The window of opportunity to prepare for what he says is the inevitable is closing.

    “It takes three or four years to grow fruit trees, so if the shit is going to hit the fan in 2010, which it is, maybe even 2009, and you haven’t got your trees planted now, it’s too late. That window of opportunity is gone.”

    Finance institutions are collapsing. Some people have already missed the opportunity to get their money out, he says.

    “Anything you want to do will be harder next week than it is this week. It will be harder to do next month than it is the next month, much, much harder to do a year from now than it is now, because the price of oil and petrol is going up.”

  4. Author
    ptsp 8 years ago

    Front page of the economist:
    A wave of food-price inflation is moving through the world, leaving riots and shaken governments in its wake. For the first time in 30 years, food protests are erupting in many places at once. Bangladesh is in turmoil (see article); even China is worried (see article). Elsewhere, the food crisis of 2008 will test the assertion of Amartya Sen, an Indian economist, that famines do not happen in democracies.

    Famine traditionally means mass starvation. The measures of today’s crisis are misery and malnutrition. The middle classes in poor countries are giving up health care and cutting out meat so they can eat three meals a day. The middling poor, those on $2 a day, are pulling children from school and cutting back on vegetables so they can still afford rice. Those on $1 a day are cutting back on meat, vegetables and one or two meals, so they can afford one bowl. The desperate—those on 50 cents a day—face disaster.

Leave a reply

Your email address will not be published. Required fields are marked *