The Peak Oil Crisis: The Gulf Stream

..Last week, however, a new and more disturbing report was published by the Southampton Oceanography Centre in the UK concerning the stability of the Gulf Stream — a major heat source keeping Northern Europe from becoming Northern Siberia . It seems that since the last time they took measurements 12 years ago, the flow of fresh water from the melting of the north polar ice cap has interfered significantly with the Gulf Stream . Some 30 percent of the Stream’s warm water is no longer making it to the vicinity of Northern Europe , but is being diverted back towards the equator.

..In the meantime, none of this bodes well for the price of oil and gas. A colder Europe will require more and more oil and gas to keep functioning, and frequent Gulf hurricanes will lead to a marked slowdown in oil production.

Falls Church News Press