Posted by Herve | Posted in Global issues | Posted on 03-01-2011
In our previous post about peak oil I introduced the concept of finite resources which may be a limit to growth, and described how important oil has become to our civilisation. What will happen if dramatic actions are not taken in order to address the increasingly limited availability of oil and other fossil fuels? The consequences of scarcity of oil will be dire. Basic market laws of supply and demand indicates that the decrease in production will lead to higher oil prices, and therefore higher price on all of the goods and service which heavily depend on oil, as I detailed in one my precedent posts.
As cost will keep rising and consumer’s disposable income will keep decreasing, we will witness slower growth at first, followed by foreclosures, recession, depression, inverted rural flight and a potential collapse of governments and financial systems.
Posted by Herve | Posted in Global issues | Posted on 19-12-2010
A storm is coming, and some say that it will wipe our civilisation off the earth1. I am talking about the progressive disappearance of oil.
I have been thinking and investigating the issue called “peak oil” for over a year now, and it is one of the reasons which started me writing this blog. Peak oil is defined as the moment where the maximum oil is being produced and the production starts it final decline.
There are indications that peak oil is either imminent or even may have passed a few years ago. Although the consequences won’t be immediate after the peak, on the long term they will be dire. We will discuss what the possible solutions to peak oil are in a moment but first, what are we talking about? Let’s start by a few facts:
- There is only a limited amount of oil on the planet – because the planet is round.
- The world’s first commercial oil well was drilled in Poland in 1853, and global production reached 4 million barrels a year in the 1860s2 (one barrel is about 159 litres).
- Today’s production hovers just above 70 million barrels a day3.
- 2005 was an all-time high at 73.72 million barrels a day3. Production is nearly flat since.
- The Industrial Revolution brought a better understanding of how to use energy and allowed global population to increase ten times compared to what has been constant over millennia4a, 4b. It is quite clear that our population would never have reached this level without access to all the cheap energy sources we currently have.
- Our industry, food system and economy have become wholly dependent on cheap fuel.
- India and China demand for oil is set to quadruple by 20305.
- Some 64 million barrel per day of additional gross capacity – the equivalent of almost six times the daily output of Saudi Arabia today – needs to be brought on stream between now and 2030 (World Energy Outlook 20086)
So if the amount of oil we have is limited, if our demand is exponentially growing and if production has been stationary for 5 years, how much oil have we left?
Can the world be saved from hunger? To answer it I would like to introduce today the work of a true genius. His name was Masanobu Fukuoka. From advanced scientist to coming back to nature, this Japanese man did nothing else than bring to the world a real agricultural revolution, a culture shift capable of radically changing our rapport to food production.
Posted by Herve | Posted in Global issues | Posted on 21-01-2010
This may sound like an impossible dream, but it is actually feasible. Better still, it is already under way.
Posted by Herve | Posted in Global issues | Posted on 15-12-2009
I do not generally like to relay bad news of any sort, and this is certainly not the subject of this blog. However once in a while it is good to face the reality of the world in which we live, specially when it is exposed by professionals who have acquired a great deal of knowledge about this subject. The following video gives a deep insight into the corruption of this world.
Posted by Herve | Posted in Global issues | Posted on 01-12-2009
I like Hans Rosling. The following presentations are properly jaw-dropping. He takes the old myths about poverty in the world and shine a new light on them.