Urgent action is needed to avert the looming oil wars

While the world’s attention is focused on the aftermath of the Israel-Hizbollah war, more far-reaching and dangerous threats to global security are growing dramatically. In July, Samuel Bodman, US energy secretary, said that for the foreseeable future “we’re going to see oil demand exceeding supply”.

The peak oil crisis: Labor Day 2006

By 2008 there is a very good chance the reality of peak oil will be widely recognized and will be causing such economic hardships that politicians can neither ignore nor pretend a cure with yet another meaningless “energy bill.” If this is indeed the case, by 2008 ways to mitigate the effects of declining oil supplies could become the central issue of elections in America and around the world for many decades to come.

Peak oil and Bakhtiari’s 4 phases of transition

“The four Transition periods (T1, T2, T3, and T4) will roughly span the 2006-2020 era. …The major palpable difference between the four Ts is their respective gradient of oil output decline — very small for T1, perceptible for T2, remarkable in T3, and rather steep for T4. In fact, this gradation in decline is a genuine blessing for those having to cope and adapt.”
– Dr. A.M.S. Bakhtiari, Iranian oil expert