by Fredrik » Thu 02 Sep 2010, 08:13:48
Good find. As stated, the article doesn't contain much new information but its publication at probably the most popular German news site is ominous.
$this->bbcode_second_pass_quote('Oakley', 'I')f we are at peak, then production will decline at some rate. A rate of decline of 5%, for example, would cut production in half in 14 years, just the opposite from a rate of growth of 5% that would double production in 14 years. (Remember Prof. Albert Bartlett and his lecture on rates of growth.)
It is hard for me to imagine the destruction that a halving of the amount of oil available would bring. Half of the tractors running, half of the trucks delivering, half of the equipment strip mining coal, half of the trains delivering bulk cargo, half of the ships at sea, half of the plastics, half of the oil related drugs, half of the gasoline for personal and employment travel.
If we first cut out the "loose fat" - replaced private automobiles with carpooling/buses/trains/bikes, stopped manufacturing and transporting non-essential items etc., I believe there would be enough oil for growing and transporting food, producing drugs etc. for quite a few years.
Of course this requires that national governments take over, at least temporarily, to handle the transition (as stated in the article).