Oil Shockwave: An Executive Oil Crisis Simulation Part I

On June 23rd, 2005, a group of high-ranking former officials gathered in Washington, DC to explore the potential security and economic consequences of an oil crisis. They found that removing only small portions of the world's oil supply- as little as 4 percent- could have major implications for consuming countries.

Category:

News & Politics

Tags:

• SAFE
• Energy
• Oil
• Simulation
• Shockwave
• Cabinet

[proadmin1]

We haven't really. Hydrogen , Ethanol and other biofuel solutions can offer some trivial percentage of solution AND are low density.

Wind is intermittent and the infrastructure is high maintenance. Solar (our best bet), is still very expensive and we lack the power-distribution systems to create it in sufficient quantities, so over time we may solve this issue but it will take a very long time indeed..

[mrmultidextrous]

It's not just oil, it coal and gas as well, the terrorists are a mere nuisance, this current level of fossil fuel use will be forced into decline because the production level cannot be maintained.

[CandianBear]

I can't believe this is on tv and youtube- it makes the invasion of Iraq really easy to understand- Iraq after Saudi have the 2nd largest oil fields on the planet- they are relatively untapped and are high grade sweet crude oil easy to refine. If peak oil arrives before 2020 the US will tap all the reserves of oil in Iraq to secure a functioning and continued military capability in the region. The whole scenario levels very little room to maneuver- very dangerous times ahead people....

[TIKIMAN198]

@ProfRaphaello you know nothing. asshole.

[1776independent]

Its clear that the government is now well-aware of Peak Oil as well as the fragile and vulnerable nature of global oil supply chains at every level. Our SPRO, while important, offers no real comfort.

Long-term energy policy is currently being implemented by the Obama administration. They're clearly funding R&D for domestic renewable liquid fuels with returns on energy investment like cellulosic ethanol as well as conservation and conversion of fleets to CNG and LNG. All should support.

[ymirfrostgiant]

'Back off on democratic reforms and Al-qeada connections?'

Oh come on, has the US ever had any problems with the Saudi's ties with terrorists in the past? And I thought the US backing off on their domestic political affairs was always the cornerstone of their diplomatic relations. Silly.

Sad thing is I bet in a real scenario SA wouldn't be able to increase production even if you asked nicely.

[ProfRaphaello]

Re-place oil with other energy source. I think that our scientists have already found a number of workable solutions. What are we waiting for?

[mrmultidextrous]

Well it did anyway.

[mrmultidextrous]

Why the heck is a think tank coming to the same conclusions that Hubbert already figured out 50 yrs ago? How do people get paid to rehash this stuff that we already knew?