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Entering the Era of Peak Oil

Now that oil has broken the $115 mark, is hovering around $120, and shows no sign of slowing down in advance of the summer "driving season;" I firmly believe that as of roughly March 2008 we have officially entered the Era of Peak Oil.

http://www.nytimes.com/2008/03/04/business/worldbusiness/04oil.html
http://www.bloomberg.com/markets/commodities/energyprices.html

The only question now is where do we go from here?

There are two options. Work our asses off as a global nation to become a green and sustainable society ASAP and vote Democrats into office -- including and especially Obama or Clinton into the White House. OR, we continue on more of the same, we elect John McCain as President and we do basically nothing until it is too late (it is already too late).

The first option is called the "Soft Landing," where we do our best to mitigate the catastrophe that will be oil/gas that is simply too expensive to maintain a functioning modern society. We transition off of this cost-prohibitive resource and move towards cheaper, cleaner forms of energy and a green economy immediately.

The second option, called the "Hard Landing" basically entails our standing bye and watching as our modern Western Society literally grinds to a halt causing untold pain, war, and death.

We have entered the Era of Peak Oil.

We need to make drastic changes and we need to do it IMMEDIATELY. I hope more people like me will devote their lives and efforts to greening Western Society to help preserve whatever freedom and Democracy we have left after George W. Bush.

If you are interested in discussing this topic, please comment below or say hello: ethan [at] greenbrooklyn [dot] com.
I will be posting more on this topic here, so stay tuned.

Thanks. And thank you to TPM for allowing me to blog here.


Comments (1)

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What we need to do first is remove Oil, Natural Gas, LNG, etc etc. from commodity markets. Or at least put the same market levers into the market for those products that we have for Corn/Wheat/Oranges....etc. Without doing that no rational thought is going to enter the pricing of oil. Oil is not worth 120$ a barrel by any estimation. But with the Capital flowing to the market driving up the price its artificially there. If we remove that ability for it to rise at that fast rate in the Commodities market we will see a lower price for oil. All other green activities can flow from there. But, its a needed first step.

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