Oil crisis looms
To the editor:
Global oil production will hit its peak in a few decades, at which point oil prices will skyrocket and consumers like the United States and China will quickly drain every last barrel they can afford to buy. As supplies dwindle, an economic disaster dwarfing Katrina will unfold.
The U.S. GAO concluded there’s an urgent need to assess and develop alternative energy technologies to avert “severe economic damage.” The DOE warned of “extremely damaging” impacts if measures aren’t put in place at least 10 years ahead of time.
Peak oil impacts range from dire to catastrophic. At best, we face a crippling recession and widespread inflation. At worst, we face severe global food shortages threatening wide-scale starvation and an overall breakdown of social and economic institutions. And if history’s any guide, we should expect a series of military invasions into every remaining oil field on the planet.
Ask yourself: When oil becomes scarce, how will I get food? How will my water district purify water without petrochemicals? Which of my medications are made out of petrochemicals? How will I get to work? Will I even have a job anymore?
Some point at alternative energy technologies as a silver bullet. But most energy analysts say it’ll be decades before such alternatives are available for wide-scale implementation.
We’ve kept our head in the sand for too long, and rather than address this issue, we continue to focus our attention on more important matters like roundabouts and football fields. I think it’s time to change the subject.