by AirlinePilot » Wed 24 Sep 2008, 10:35:54
$this->bbcode_second_pass_quote('ki11ercane', 'S')o since this post is in "Current Events,"it has nothing to do with the issue of Peak Oil. Ok perfect.
So it is what it is, a gasoline shortage. Not related to Peak Oil at all. Awesome.
It has EVERYTHING to do with Peak Oil.
We have been at very low inventory levels for quite some time due to refining margins becoming lopsided, poor refinery rates, which can somewhat be attributed to lack of the "good stuff" (IE decline in light swet imports). This is a good indicator also that demand has not been "destroyed", at least not yet. The price volatility, lack of any significant demand destruction, and a minor natural disaster have caused a large region and major metro area to be brought almost to it's knees.
When did you ever see anything like that before where it was not artificially contrived? Only one time, the Arab embargo. This is all about Peak Oil, but it wont get the press since everyone is in denial.
JIT inventory control wont work when supplies become depleted and any minor or small disruption becomes a huge issue within days. The solution to this isn't easy nor will it be quick in coming. It's another opportunity being wasted by the press and the government to use to educate the masses on where we are going.
Denial is a harsh mistress. Do not fall into the trap that this is not caused by Peaking world Oil production. This has been going on in third world countries for many years. It wont be a one time occurrence here. We've just had enough for all this time and been able to afford it. At some point there just wont be enough around at any price.
This is just an Hors de Ouvre to the main course!