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Have we reached peak oil and can we survive it?

4276 Views 41 Replies 23 Participants Last post by  LeafStew
Some experts in the oil industry believe world oil production peaked in 2005 or 2007, even the most optimistic predictions go to only 2020. I have really been thinking about peak oil and sustainability lately, and I think the US is in for some VERY hard times in 5 to 10 years. I see NO efforts for oil conservation and it might be too little too late by the time people even begin to use alternatives in any significant way.

My hope for the future comes from nanosolar and nuclear energy but we still need an oil based economy to make that transition, it would take at least a minimal of 20 to 40 years to make a transition on that scale and we only have 5 to 10 years from peak oil AT MOST. Our whole economy is based on unending growth and that is unrealistic with the finite resources we have, this includes water, coal, and other non-renewables too. At worst, our entire civilization could collapse and this has happen before to the Romans and the Mayans.

We might have to go to a more localized lifestyle in the future and that's if we make a peaceful transition. I have been trying to factor peak oil into my career choice and future expectations. Maybe emerging technologies can get us out of this mess like nanotechnology, solar, nuclear, bio, geothermal, wind, and natural gas.

What do you think will be the implications of diminishing energy resources on gobalization, US economy, and your personal future?
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remember peak oil doesn't mean no more oil, it means that production can no longer grow to meet demand. But then will demand keep growing? The reason we are so dependant on oil is because it is the most cost-effective energy source. It's also not used for just fuel, but is also used in plastics and lots of other things.

The price of oil will increase, making other energy sources more cost effective in comparison. That will cause the people who can switch to do so. So that means demand for oil won't continue to increase at the linear rate

And there have been big efforts and conserving, A lot more interest in using alternatives like coal or solar in homes. Hybrid cars, renewed interest in electric cars. Wind farms becoming more common. More reliance on rail for transport.

Probably we'll see less reliance on plastics in packaging, things like that.

So most likely peak oil will force us to move to energry diversification. Something that every says needs to be done, but changes usually don't happen until they make economic sense. Peak Oil would provide the economic sense.
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I think in some ways the industrial revolution was our downfall. Not that it was a bad thing, but I do not think we did our due diligence during that time to cover the cons like we did the pros. There was no forethought into the preservation of the resources.
We've never been a particularly forward-looking species. Nor have our predictions of the future ever born out very well. I remember one of the early predictions was that pertroleum would be depleted by 1936 or something like that.
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