We Have Reached Peak Oil. Now What?
I’m writing this post today to wish everyone good luck.
Over at the Oil Drum, the world’s energy geeks are chiming in that Saudi Arabia has started a steep decline in oil production. There are all sorts of nifty graphs showing that to make up for the decline in oil production, the Saudis have propped up tons of new oil rigs to pretend they are still able to pump, pump, pump. But in 2006, their oil production abilities declined by 8%. Oopsy!
This should be front page news for every media outlet in the world, because it means that by the summer we will be seeing huge price increases for just about everything. Time to learn how to start living differently… and as always, I encourage you to start meeting your neighbors and to use this nifty website to easily carpool.
I’m glad I have a lot of vegetable seeds, and you should see how wormy the compost pile is in the back yard! Look for lots of urban farming “How to” videos to start popping up on YouTube soon.