Friday, March 12, 2010
Peak Oil Is Closer Than You Think
Kuwaiti Scientists Say Peak Oil Will Arrive in 2014
Coming sooner than even the most pessimistic (optimistic?) proponents, a new non-linear analysis of world oil reserves demonstrates Peak Oil arrival by 2014.
This doesn't mean we'll all be walking in 4 years, as good an idea as that is, but we can expect gasoline prices to rocket skyward very soon. This will, of course, reduce demand, again, and ease the situation, for a while.
There's no turning back now. With China demanding oil at an ever increasing rate, Peak Oil is coming at us down a well greased slope.
Time to start building the barn out back!