Friends and colleagues will know that I try to avoid direct discussion of Peak Oil, but every so often an article comes up that is worth dissemination. Such an article is The Peak Oil Crisis: The Midterm elections and it can be found at http://www.fcnp.com/commentary/national/7671-the-peak-oil-crisis-the-midterms.html .
“It seems almost certain now that we are actually going to drive ourselves over a great economic cliff with banners of “growth,” “jobs,” “return to the good old days,” and “no taxes” streaming in the wind. It is going to be one hell of a train wreck – unlike anything the American people have ever known.”
This is also directly applicable to the UK as a society; unless we recognise that we must direct, on a balance of probabilities, all our education and research effort to accord with the ‘First Law of Sustainability’ – that ‘in a resource constrained world, goods and services can only grow at the rate that their ‘Resource Intensity’ reduction exceeds that needed to balance the One Planet Equation
Where is the information below in the UK news?
Alaska’s untapped oil reserves estimate lowered by about 90 percent http://www.cnn.com/2010/US/10/27/alaska.oil.reserves/index.html
(CNN, 27 Oct 2010) — The U.S. Geological Survey says a revised estimate for the amount of conventional, undiscovered oil in the National Petroleum Reserve in Alaska is a fraction of a previous estimate. The group estimates about 896 million barrels of such oil are in the reserve, about 90 percent less than a 2002 estimate of 10.6 billion barrels. (this represents around 10 days current global consumption, if it can all be brought to market at a useful Energy Return On Energy Invested, EROEI http://www.youtube.com/watch?v=WeBtdwPpTQM&feature=player_embedded – my comment)