As oil prices rise and crude oil supplies and refined products strain to keep up with demand, as Hurricane Katrina wreaks havoc on the production infrastructure as well as on a devastated population, the isse of Peak Oil is finally becoming acknowledged in the mainstream news.
However, the complete story is still suppressed, misunderstandings abound even among students of peak oil and the public remains in the dark about the vast array of consequences of this looming crisis. Dishonest reporting by OPEC countries and major oil companies have contributed to the illusion that there is sufficient time before we “run out of oil” to transition to a “solution”, whether it be cold fusion, hydrogen, renewables or some combination of the above.
In fact, some dozen significant oil producing countries are past their peak in extraction and it is possible that world Peak has already arrived (this cannot be conclusively determined until after the fact). The sudden effects of shortage are likely to hit the global economy within the next three years, possibly even as early as this winter.
Petrocollapse: Social Isolation or Solidarity?
You are invited to attend!
The Community Church of New York Unitarian Universalist
40 E. 35th Street, New York, NY 10016
October 5, 2005 9 a.m. – 5 p.m.
Sponsored by Culture Change, and co sponsored by
Continuing Education & Public Programs, The Graduate Center, CUNY (City University of New York)
Link: http://www.petrocollapse.org