"Civilization as we know it is coming to an end soon"
http://www.lifeaftertheoilcrash.net/
The writer includes a lot of technical and financial information, slow reading is required.
I need re-read his arguments dismissing alternative energy sources, I may have to agree that many products can only be manufactured using oil.
BUT transportation uses 2/3 of the oil, so signifcantly reducing such demand, oil may last much longer.
Hydrogen can be used to reduce such demand for oil,
BUT again, energy is required to produce hydrogen, where it may come from? (that's the challenge), nuclear power plants (if there is no problem getting uranium), wave energy, wind energy etc.
The problem is well known for at least 4 decades. I can't beleive coutries such as USA, France etc are so stupid not having a plan B,
during the mean time letting oil companies reap the benefits.
Did you know that most electric energy produced in those countries mentioned, come from NUCLEAR power plants.?
BTW imho, part of the usa plan B is/was making the moon a usa territory, where it is said there are tremendous sources of concentrated energy in the form of helium3...,
Can you think of any other reason for going up there at such a cost?
man, hydrogen is too easy to produce, hold its practical applications. (how much do you want for your invention and shut up?) .
The key to supremacy is controlling the source of energy.(did I say go to Irak first?)
Anyway, the bad news is spreading. Oil stock prices increased dramatically during 2005,
On the other hand, 'when uncertain, the uncetain buys gold', gold price is at a 25 year high, $547 an ounce.
More on the subject,
TIME maganize
http://www.time.com/time/archive/preview/0,10987,1122019,00.html
Oct. 31, 2005
"It's the End of Oil World oil production is about to reach a peak and go into its final decline.For years, a handful of petroleum geologists, including me, have been predicting peak oil before 2007, but in an era of cheap oil, few people listened.
Lately, several major oil companies seem to have got the message. One of Chevron's ads says the world is currently burning 2 bbl. of oil for every barrel of new oil discovered. ExxonMobil says 1987 was the last year that we found more oil worldwide than we burned."