Take Peak Oil seriously – it’ll be here much sooner than you think

No longer the purview of anti-social types, experts warn we must embrace a massive lifestyle change

While panic is not the prescription, experts are warning that the time to begin taking Peak Oil seriously is past.

“It’s not about believing. It’s about facts,” said Gord Miller, Ontario’s environmental commissioner. Miller has been warning about Peak Oil for years. He thinks we hit peak around early 2007.


“If we’re not there, we’re awful close,” said Dave Hughes, a geoscientist who once ran Canada’s national coal inventory.

Peak Oil doesn’t mean we have run out of the stuff. It means that we have crested the top of a bell curve of supply. Then it’s a roller-coaster ride down. Depending on who you ask, that ride will either be slow and uncomfortable or teeth-rattling and destructive.

“Depletion is taking somewhere between 5 and 6 per cent of (existing) world oil production per year,” said Hughes. “The reason that oil price is where it is today is that the economy has reduced demand.”

No one has found a major new oil field since the 1960s. It’s getting harder and more expensive to bring up the oil we know is there. All these signs point toward the peak.

Toronto Star