Originally published @ 11:35 pm, Sat 6th Feb 2010
Oil and gas are wonderful materials that we can not only burn for heat and energy, but process for plastics and a wide range of materials.
The concern is that we may already be able to foresee the end of its wide availability. And that for the sake of our futures, we need to be able to value more than the market allows.
A number of analysts are projection that the peak in our ability to produce oil will be reached this decade.
A point made in a presentation from Transition Derby. (http://www.transitionderby.co.uk/)
As it happens, a report last Wednesday was published saying cost of energy is going to keep going up.
It's possible that this report presents too simple a case. In the last 2 years we've seen oil reach process of $150 dollars a barrell, and then fall to $50 dollars a barrell.
As it happens, reducing our dependency on oil neds similar policies as reduce the emisson of greenhouse gases. If we can do more to be energy efficient, to tap the energy of the sun and the weather systems, the warmth of the earth only 30 foot down, and the tides caused by the moon, we can mitigate climate change and make ourselves less dependent on other countries for our energy, as well as conserve oil and gas for much longer.
TO BE SPELL CHECKED and UPDATED WITH REFERENCE TO THE REPORT
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