Earlier this week the science-news program Catalyst on the ABC (Australian Broadcasting Corporation) presented a very interesting story on Peak Oil. This was a term that I had never heard before, but apparently there is a debate raging on at the moment as to when our oil supplies are likely to run out. This is how their web site described the story...
What would happen if the world were to start running out of oil? Conventional wisdom says we’ve got 30 years, but there’s a growing fear amongst petroleum experts it’s happening much sooner than we thought – that we are hitting the beginning of the end of oil now.
So how soon will the oil run out, and can we stop our economy collapsing when it does? How prepared are we for the real oil crisis?
The Catalyst program has credibility so I stood up and listened. Mind you, it does not say that we are definitely running out. The biggest point it did make though is that there appears to be much secrecy regarding the published figures in the major oil producing nations and of their existing oil fields, and that those figures don't seem to match real oil production.
My advice is to hang on to those GT40s. Light fiberglass cars might just be the only cars we are driving in ten years time.
Some more information here...
What would happen if the world were to start running out of oil? Conventional wisdom says we’ve got 30 years, but there’s a growing fear amongst petroleum experts it’s happening much sooner than we thought – that we are hitting the beginning of the end of oil now.
So how soon will the oil run out, and can we stop our economy collapsing when it does? How prepared are we for the real oil crisis?
The Catalyst program has credibility so I stood up and listened. Mind you, it does not say that we are definitely running out. The biggest point it did make though is that there appears to be much secrecy regarding the published figures in the major oil producing nations and of their existing oil fields, and that those figures don't seem to match real oil production.
My advice is to hang on to those GT40s. Light fiberglass cars might just be the only cars we are driving in ten years time.
Some more information here...