Building a world of
resilient communities.

MAIN LIST

 

Australian TV covers peak oil: "Running on empty"

You're about to hear two of the scariest words in the English language — "peak oil".

Effectively, they mean the end of the world as we know it. The point where oil production reaches its absolute peak; the point when supplies start running out. And the doomsayers are convinced we're almost there.

So, if you think paying $100 to fill your tank is painful, I hate to tell you, this is as good as it gets. It'll get worse, much worse.

Two dollars plus per litre by Christmas for a start. Naturally, the oil companies say stay calm. We'll be right for a 100 years at least. But then they would, wouldn't they?

Watch video

To read a transcript of this story, click here.

Editorial Notes: I'm not sure if the segment was planned to end this way, but no sooner had Tara Brown made her concluding remarks, then my computer screen o blanked out and the computer crashed. Presumably it's my configuration. The video seems to require Microsoft products to view; Firefox was not acceptable. -BA

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

Tags:  

The Emerging Iranian-Turkish Energy Partnership

The differences in energy outlooks between Tehran and Ankara have created a …

The Ukraine conflict, peak cheap gas and the MH17 tragedy

The number of countries with fossil fuel conflicts and wars is increasing. …

Peak oil notes - July 31

A mid-week update. Crude prices continued to fall this week as markets …

New Russia Sanctions: Washington, Delusional About US Energy Capacity, Lashes Out

The effect of the sanctions will be to speed the Russian decline, forcing up …

Shales vs. solar: An investment perspective

But perhaps the real proof of a new energy paradigm shift lies in the fact …

Peak Oil Review - July 28

A weekly review including Oil and the Global Economy, The Middle East & …

The Changing Face of World Oil Markets

My conclusion is that hundred-dollar oil is here to stay.