by Plantagenet » Tue 13 May 2008, 00:30:15
$this->bbcode_second_pass_quote('eastbay', '')$this->bbcode_second_pass_quote('Revi', ' ')I have decided to shut up now.
That comment was funny.
I talked about PO with a small local group of people today. The topic was: Why are gas prices so high?
I drew a few bell curves on a piece of paper. Many of you have done this too, I'm sure. At the peak of one I wrote 1970. At the peak of another I wrote 1930. I noted that the USA went from 10 mbpd to 5 mbpd in the past 38 years.
Then I quickly drew two more noting 1965 at the top of one and 2005 at the top of the other. I noted that demand is generally strong and the only way for supply to meet production is for prices to increase high enough so enough people around the world cease buying oil, which is, of course happening.
I also mentioned we're getting so desperate that many countries around the world are starting to burn food in cars thereby reducing available food resulting in much higher food prices.
Amazingly, NOT ONE person out of 15 offered a rebuttal, in fact, all agreed that supply is getting shorter just about everywhere. It was an amazing 10 minute talk. It was the first time I've had no ridiculous fantasy remarks, such as 'hydrogen economy' or 'wind turbines'. People are starting to get it, finally.

I had the same reaction when I put together and gave a powerpoint lecture on Peak Oil here in a class at the University of Alaska a few weeks ago. I expected a lot of disagreement and argument, and I prefaced my lecture with disclaimers and apologies for my forthcoming "rant" ---- but after my 45 minute talk most people were pretty much nodding their heads in agreement. There was some skepticism, but I just went through the global production data from the U.S. government's EIA agency again. The data is very compelling----production HAS peaked and is basically on a plateau since 2005.
I agree......people are starting to get it. $4.00 per gallon of gas is getting through to people that something isn't right, and they can see the future isn't going to be the "march of progress" they expected.