A Call to Action on Peak Oil

We are being lulled to sleep by temporarily low oil prices caused by the global financial crisis. In fact, low prices may lead to an increased level of consumption and accelerated exhaustion of oil reserves.

As soon as the global economy recovers, we can expect oil and other fossil fuel prices to shoot right back to where they were last summer, and probably far higher. The International Energy Agency, or IEA, formed in the 1970s to act as an energy watchdog for Western nations, stated in its 2008 World Energy Outlook:

Current global trends in energy supply and consumption are patently unsustainable … The future of human prosperity depends on how successfully we tackle the two central energy challenges facing us today: securing the supply of reliable and affordable energy; and effecting a rapid transformation to a low-carbon, efficient and environmentally benign system of energy supply.

This is a call to action of the most urgent kind and we dare not ignore it.

Noozhawk