The ApocaDocs Logo: the Deaths-head Jester

[The Project]
[The ApocaDocs]
[Equal Share]
The Six Scenarios:
[Species Collapse]
[Infectious Disease]
[Climate Chaos]
[Resource Depletion]
[Biology Breach]


It's weekly, funny, and free!


More than 6,000 stories!

A great gift
for crisis deniers!

The ApocaDocs have a Book!
Humoring the Horror of the
Converging Emergencies
94 color pages
$24.99 now $15!
Or read FREE online!


Ping this story
in social media:

Posted Mon Nov 7 2011: from Scitizen:
Time to Worry: World Oil Production Finishes Six Years of No Growth
We are entering what may be the longest stretch of no growth in world oil production since the early 1980s. But the reasons for that lack of growth differ in ways that ought to make us all uncomfortable. Starting in 1980, production slumped because for the first time in history people needed less oil. After the huge oil price increases in the 1970s, cars suddenly got smaller. People became more careful about combining trips to save gas.... Six years from the ostensible topping out of conventional petroleum production, prices remain considerably higher. Oil prices finished 2005 around $50 a barrel. As of this writing, they are around $90 for Nymex crude and around $110 for Brent crude. This, of course, is exactly the opposite of the trend which occurred in the six years following the 1980 peak.... When I ask audiences how long a billion barrels of oil will last the world at current rates of consumption, I often get replies that range anywhere from three months to 5 years. The correct answer is 12 days. Just multiply these multi-billion-barrel discoveries by 12, and you'll realize right away that they are not going to overcome the constraints we are experiencing in oil supplies.
[Read more stories about: peak oil, economic myopia]

No reader quips yet -- be the first!

Got a PaniQuip?

Your Quip (limit 140 characters, no links, just wit):

First name:

The text shown in the Web image to the right:

We reserve the right to reuse, remove, or refuse any entry.

'Doc Michael says:
When you peek at Peak, all is Oil.

More stories:
  • Corporate funding of Marcellus Shale studies at universities raises alarms
  • Many Americans left behind in the quest for cleaner air
  • (Time to Worry: World Oil Production Finishes Six Years of No Growth)
  • Mining water in the Mojave
  • Biggest-ever jump seen in global warming gases

  • Want to explore more?
    Try the PaniCloud!
    Copyright 2010 The