Peak Oil
By michaelkaer
@michaelkaer (254)
Canada
January 16, 2007 9:06pm CST
Who here knows about peak oil?
In short peak oil means the half-way point when you have used half the available oil. The problem is that the other half is dirtier and harder to get out of the ground, which makes it more expensive to process and make the prices go higher at the pumps. As a side issue, wars have been known to be started over the remaining oil.
Besides my main question, if you do know something about peak oil, what are you personally doing to prepare ( or Not) for it?
1 response
@efreddy (250)
• Belgium
19 Jul 07
Peak oil means that it's quite impossible to produce more oil despite the high demand and because we can't consume it before we have produced it (money could be borrowed but oil must be explored first)prices should go up to discouraged the high demand (and make some production with high cost possible too).
We will not stopped by using oil because there isn't oil anymore but because the prices should risen to a such high level that there should be (or search to be)an alternative.
Peak oil is already a fact in country as the USA,Norway,Mexico and the UK and oil prices are rising and rising.
An inconvenient truth about oil.
