Peak Oil This Year, Leaked German Military Report Says
“Peak oil” is a term that has hardly reached into the mainstream media. Yet, a new leaked report by a German military think tank says world-changing peak oil may be this year.
To start off, for those of you unfamiliar with the term, here is a concise explanation of peak oil from Investopedia:
Because oil is a non-replenishing resource, there is a limit to how much the world can extract and refine. Peak oil is the day that oil production reaches a maximum and will subsequently begin to decline until full depletion is ultimately reached.
Why is Peak Oil a Big Deal?
The reason peak oil is such a big deal, of course, is that society as it is built today relies on oil for many of its basic needs, as well as a great number of its non-essentials. Even though 71% of oil use is for transportation in the US, oil is also used in the production of fertilizers, shoes, some medicines, carpets and rugs, paint, detergent, canned food, makeup, nail polish, candles, lipstick, plastic, and more.
Oil is actually used, either directly or indirectly, in 95% of our industrial goods.
Governments generally avoid bringing this term up, probably because of the great threats we face from peak oil and the potential public backlash to curtailing our use of oil. This makes the simple existence of this German military think tank’s new report a bit shocking, even before you read the dramatic potential future the report paints.
Continue reading about the German military’s report on peak oil on the next page…
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In the author’s notes at the end of my book: The Invention: The Ultimate Green Machine,I repeated a news bulletin in 2004, and quote it here: An international group of petroleum specialists meeting at Sweden’s Uppsala University in May, 2002, warned that the world’s crude oil supply will decline after the year 2010, prices will skyrocket, and that worldwide economic chaos will follow. A 1999 Oil & Gas Journal placed the oil run-out year at 2050.
I hope they are wrong about worldwide chaos. Time for politicians to listen up!
I have always thought we had hundreds of years of oil left, now I fid out Saudai Arabia will be the end of Democracy and everyone will be allotted a few gallons of oil an year.
As with most human reaction. It happens after the fact. The same will happen with drinkable water. Renewable isn’t a fad it is inevitable but nobody cares because it doesn’t affect them… yet.
so true. it is sad, but how humans (at least these days) seem to be
Drinkable water IS renewable through rain.
if rivers dry up , there is the oceans. yes it may be costly to setup but it is still an option
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