The Ghost of Colonel Drake

The life and times of Col. Edwin Drake, who drilled the world’s first commercial oil well near Titusville, PA in 1859. It is not overstating the case to say that the seed of the modern world, so dependent as it is upon energy and materials derived from petroleum, was planted by Col. Drake.

Has oil production peaked?

The post-peak oil world will look a lot like the bleak 1970s. But much worse.

A recession will grip the globe because the price of oil, and everything tied to it, will skyrocket.

Starvation will abound because oil-based fertilizers we’ve grown to depend on will be in short supply. Energy wars could erupt to control the remaining oil fields.

Where Is the Hirsch Report?

Here, then, is a significant report produced by an independent research company for the US Department of Energy, warning of a global problem of “unprecedented” proportions with economic, social, and political impacts that are likely to be extremely severe. The authors forecast “protracted economic hardship” for the United States and the rest of the world. It is a problem that deserves “immediate, serious attention.” Yet, half a year after release, discussion of the Hirsch report is conspicuously absent from the press and the halls of Congress. [updated version late 7/31]