I have always liked the way that the curve showed the depletion of a non-renewable resource. Simple and elegant, It would appear to me to be pretty close to the truth. So the world has now seemed to have passed the peak, where the maximum amount of oil pumped is in the past and now it will be getting harder and harder to access oil. It isn't going away, it will just be harder to get.
So, all the peak oil blogosphere is going apeshit, talking about the end of the world as we know it. Fine, in an absolute sense, that will occur. But it will just be the end of a phase, not the end of mankind.
|US energy consumption, by source, 1850-2000. Vertical axis is in quadrillion BTU|
So what all this means to you and I is simple. We go back to one car per family. We wear sweaters and hats to help stay warm. Kids go to school by walking or on the bus, Dad gets to works on a streetcar or in a carpool. Mom stays home and cooks and steers clear of processed foods. Not everyone goes off for fulfilling years of college to end up running a spreadsheet. Everybody squeezes a little harder on their nickels.
It really won't be the end of the world folks. We will do what every family has to learn in hard times, that pinching pennies is the normal scheme of things, that old cars can work a long time. That vacations in the south of France are once in a lifetime things.
We will just stop being spoiled. Time to get over the tantrums.