Main Stream Media in denial shock over 2008 Global IEA Peak Oil report.

A Taskforce on Peak Oil and Energy Security warns that supplies of cheap, easily accessible oil will start to diminish by 2013.

The Taskforce group, which includes Virgin, Yahoo, Solarcentury and transport operator Stagecoach, wants the Government to dramatically increase investment in clean energy and renewables to avoid an energy crisis.

The IEA figures to 2030 are based on the assumption, that governments invest in clean energy and renewables while using coal for liquid fuels, transferring additional transportation fuels to natural gas and fully develop African oil production before a 2015 deadline. The efficiency of used energy must also be drastically improved during the ongoing decline.

Furthermore:
In most cases, basic Victorian engineering skills, adapted in modern industries could improve efficiency by 60-80% as scientist have pointed out in the past. The illusion of unlimited and cheap energy has caused modern engineering to lose these basic skills while planning new projects and industry complexes.

Most industrial energy is wasted on pumping liquids & gases by brute force rather than good engineering.
(I will cut a short video together on that subject)

http://www.iea.org
http://www.worldenergyoutlook.org/

Key Graphs:
http://www.worldenergyoutlook.org/key_graphs_08/WEO_2008_Key_Graphs.pdf

Fact sheets:
http://www.worldenergyoutlook.org/docs/weo2008/fact_sheets_08.pdf

Category:

Nonprofits & Activism

Tags:

• Peak
• Oil
• decline
• 7%
• 8%
• IEA
• International
• Energy
• Association
• renewables
• solar
• liquid
• fuels
• fossil
• fuel
• MSM

[Bernd1964]

We want to lead the Glamorous Life,

we don't need peak oil,

We want to lead the Glamorous Life,

Without OIL

It ain't much,

It ain't much...

[LastReplaySC]

well said, thx

[bustermk2]

This reminds me of the period leading up to the current financial crisis. People who did the math were saying for years that this financial crunch was coming. They were ignored ... but in the end they were vindicated.

Sadly I see the same thing happening with oil.

When demand for oil picks up again costs will go through the roof.

[OperationCrossroad]

His name is Jim Rogers.

He keeps warning people that the stuff is about to hit the fan (very much like what Gerald Celente is forecasting). Rogers has an impressive track record when it comes to making economic projection; but of course nobody in power listens to him.

Or maybe it's just that TPTB are aware that they can't save us, so their only goal is now to save themselves.

[Jacob22030]

@bustermk2 They won't be vindicated cause it's going to be like mad max and most of the human population is probably going to starve to death.

[bobbygnosis]

Grow your own food locally.

I won't solve all problems, but when trucks stop carting food to your local grocery store it won't be as bad if you have a garden patch. Also I think we'll have learn to make moon-shine and grow hemp. The Ford Model-A used hemp for fuel. Diesel automobiles will be okay in that scenario. They won't run well, but they'll limp along to transport goods.

I think this can be pulled from the fire. Locally grown foods are a huge first step. Peace and love.

[TheFormalizer]

so true! I don't know we're irrational but, one of the problems is that we have so many stupid people in so many important positions. And I'm not talking about just politicians, look at around you: highschool teachers who watch the cheesiest crap on TV, dumb people who have masters in education who don't even know who Tolstoy is! The list goes on forever...So everyone gets to consume no matter how limited they are...

[LastReplaySC]

even if humans would have to grow food indoors breath filtered air and would only be able to go outside for 30 minutes a day due to environmental changes and acid rain..... they would still burn hydrocarbons and reduce the humans & all other species in the process, because we are Irrational Beings!

[LastReplaySC]

now that we have peaked, this slowdown in growth the markets are having are a good thing looking at it in a perverted way.

Our civilisation only functions on food water & energy terms by burning hydrocarbons in whatever form.

we have started the transition time and looking at the transition trends, it's not looking good at all. no light at the end of the tunnel this will kill our civilisation by the look of things, and long term reduce the population with all kind of bad things we all hate

[frisaregood]

bush lifted offshore drilling as a treat to the oil companies in the middle east that were charging us around $200 a barrel so bush was just like k....well get our own and it droped exponentially even though bush is a fuck tard and offshore drilling is terrible because i believe its for every gallon of gasoline it pollutes roughly 700 gallons of water

so you choose whats more important size of your wallet or the health of the planet....

[keithholden]

Predictions,we hit peak production july 08 high prices caused food and energy to rise causing inflation, interest rates rose, people went broke, finanical crisis as people stopped spending and bad loans showed. When the world comes out of recession high prices will return causing another recession, causing demand to drop and prices to lower, in and out of recessons. Rioting in USA by xmas 09 as people lost homes jobs and retirement 401k ira lose it. You will learn what its like to be alive.