Peak Oil, is it real? I think so - $175 a barrel of oil by 2016
I’m back! Did you miss me? Of course you did. I know its been a LONG time since the last time I posted, but I’ve been very busy with work. Also, I have been doing a lot of research in the area of Peak Oil and Transition Towns. In the upcoming weeks, I will be discussing more on this issue as it is a topic everyone should be aware of and action needs to be taken ASAP.
Two days ago Paul Sankey was reporting on his predictions of oil reaching $175 a barrel by 2016 as oil demand continues to rise with slumping oil production continues to fall.
I believe it will be much sooner; not because of government control in Russia and other countries, but Peak Oil (lower oil production & higher demand): Sankey forecasts $175 oil by 2016. If his prediction holds true, this is a good reason to start thinking about becoming less oil dependent and towns becoming more resilient before its too late. This will mean gas prices well over $6 a gallon. Can you afford to live like that? I know I can’t.
My co-worker, Erik Hesler, brought up a good point that I strongly agree with; “high oil is going to choke the air out of any recovery…just watch.”
This report just proves the seriousness of this situation. We need to start acting now before its too late.



