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!