Some Economic Implications of Peak Oil

World oil production probably peaked in 2008. Liquid fuel production, including oil, is indicated by the OPEC data to have reached a peak in July 2008 at about 86 million barrels per day, with its price peaking at about the same time. ASPO International agrees, as indicated on the chart page of their recent newsletters.

A Struggle of Paradigms

The failures of understanding that so often stymie communication in discussions of the future of industrial society unfold from the most basic models we use to make sense of our experience. Maybe it’s time to address those models and their implications directly, instead of assuming — incorrectly — that those who talk about the future are all talking about the same thing.