by dolanbaker » Thu 30 Aug 2012, 16:27:59
$this->bbcode_second_pass_quote('davep', '')$this->bbcode_second_pass_quote('', 'I')t isn't the poor countries of the world which will solve peak oil, it is the Americas and Europes and Japans, all trying out different modes of transport and whatnot, building better batteries, building windfarms onshore and off, turning the natural gas cliff into the natural gas surplus, continuing to find new oil in old oil fields, new oil in new oil fields, each company and country looking for the best business model or plan.
That sounds a lot like trying to eke out the current paradigm using the hard to get stuff. At some point it will dramatically affect our economic system irreversibly.
The problem isn't just peak oil, it's the economy that's built on cheap energy and requires ever more to grow (as well as other myriad resource constraints). The effects will be felt more and more as banks don't fulfil their role as the accelerator for growth because the engine for growth is getting worn out.
Sorry for the laboured metaphor
Edited in a forlorn attempt to improve the metaphor.
I prefer to think about an aeroplane that reached its "ceiling" and thepilot is trying to get more altitude out of it, but it keeps stalling as the atmosphere is too thin to support the wings or to supply air to the engines. Fuel (money) isn't a problem (you can print it) but you can't make extra air (oil).
The decline could be visualised as the fuel becoming poorer & poorer in quality, thus the aeroplane will not even be able to maintain the previous heights it used to fly at!