The Path Beyond Petroleum: Twelve Theses

1. Oil production in the year 2025 will be half that of the year 2000. If we combine those figures with those of world population, we find a ratio of 5 barrels of oil per person per year in 2000, but only 2 barrels of oil per person per year in 2025.

2. Alternative sources of energy have been a failure because of an extremely insufficient energy return on energy invested (EROEI).

3. Because the entire world economy is tied to petroleum for manufacture, transportation, and communication, there will be an increasing problem of high prices and low wages. Such economic struggles could in turn result in a lack of investor confidence, and a sudden collapse of the currency market and stock market.

4. The shortage of oil will continue to result in warfare, which will be increasingly global in nature.

CounterCurrents.org