"Got oil?" "Not so much any more. You?"
M. King Hubbert started predicting the inevitable arrival of peak oil in 1950. In the ensuing 60 years, a steadily growing band of geologists, other scientists, and people who grasp the essentials of arithmetic have been warning strenously that peak oil is both inevitable and imminent. If they are right, its arrival will have consequences for the world that will rank somewhere between catastrophic and apocalyptic; yet, in the developed countries (and by developed, we mean oil-dependent) virtually no one in a position to do anything about it mentions the prospect, let alone taking it seriously. Now, powerful confirmation of peak oil has turned up in WikiLeaks. It’s where we learned, for example, that Prince Charles is not as well respected as Queen Elizabeth. So now do you believe? Continue reading
