Are we ready for a world without oil? Not a chance

So, it might be worth everyone’s while to have a read of The Oil Depletion Protocol, a just-published book by Californian Richard Heinberg, who has immersed himself in the frightening phenomenon of “peak oil.”

Heinberg concludes we must start curtailing activities “enabled by this remarkable substance” that is oil. Now. In a coordinated fashion.

A massive, overarching plan must be developed by industry and government; a protocol for diminishing the amounts of oil we have so capriciously been pumping and deploying.

Under Heinberg’s suggested protocol, oil-exporting nations would begin reducing exports gradually while consuming nations would agree to reduce consumption. This would be in accordance with a formula Heinberg explains in his book working out to roughly three per cent annually.

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