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Peak oil is the villain governments need http://apocadocs.com/s.pl?1281534473
Could peak oil lever politicians out from between the rock of the electorate and the hard place that is climate change mitigation?... Climate change is a stealthy foe, hard to feel, see or identify. Unlike peak oil. So here's another question: did western administrations know that the International Energy Agency (IEA) had been consistently concealing the imminence of peak oil? One might hope our leaders would know about something as serious as this. But if they did, why is it that renewable energy replacements haven't been far higher on the agenda, for much longer and addressed with rather more conviction?... One statement by professor Paul Stevens in particular caught my eye: "A supply crunch appears likely around 2013 ... given recent price experience, a spike in excess of $200 per barrel is not infeasible".
What effect would a barrel price of $200 have on industrial economies, should that spike be sustained for any length of time? We would witness endemic global market disruption, reductions in agricultural yield, increased transport costs for both finished goods and raw materials (true pessimists would add an oil war or two for good measure). The shockwaves would be felt everywhere, although as ever, the poor will take the brunt of it.
And yet when the price of oil shoots up, we use less - meaning we output less CO2. So let me rephrase my question: what effect would a barrel price of $200 have on the CO2 output of nations?
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[Read more stories about:
peak oil, carbon emissions]
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Your Quips:
Byron says: "GPWayne: He's on our side. Just got his hopes on the wrong horse. Peak oil is no saviour but the fifth rider of the apocalypse."
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The Alberta Tar Sands contingent would love this.
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