Peak Oil has been a much talked about event for quite a few years now, but this from The Guardian reports on the findings of Germany's Energy Watch Group, suggests that far from having many years to go before we get there, peak oil actually occurred in 2006. (Oh, and note the eye-catching and scaremongering headline, which talks of 'war and unrest', neither of which are mentioned again in the article.)
"The report, which predicts that production will now fall by 7% a year, comes after oil prices set new records almost every day last week, on Friday hitting more than $90 (£44) a barrel."
And I've noticed today that some futures for oil are trading around the $100+ mark.
"But the government prefers to sleep on without even doing a contingency study. For those of us who know that premature peak oil is a clear and present danger, it is impossible to understand such complacency."
There's nowt like burying your head in the sand; and this in the very week that our very own government is going to backtrack on its much vaunted renewables targets! (See Not Ready. Miss. Re-Aim below). So when big oil's pumps run dry, as they inevitably will, at least here in the UK we'll be able to fill up with alternative renewable fuels like bio-deisel and ethanol ....... NOT!!
Addendum:
More scary headlines ........ 'Peak Oil could trigger meltdown of society' is the headline that Renew, Reuse, Recycle comes up with for its interpretation of this same report.
ADDENDUM (from Junkk Male)
Guardian - It's rip-off Britain, even when it comes to climate change - I so envy such as Directors of orgnaisations who get paid well to say lots of things. Post by 'askingquestions' is well worth a read.
Gaurdian - Give ministers some credit for green measures
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