Oil, Economy and Preparing for the Change Ahead


(This post first appeared in the Transition TC google group. It is reposted here by permission of the author.)

Discussions about peak oil have become very quiet with falling oil prices. However, it is falling oil prices that will cause the peak in global oil production. This is a really good time to use the current surplus to prepare for a future of greater oil scarcity.

Peak Oil is often thought to mean running out of oil: images of gas station lines where no one can get gasoline; stories about gasoline shortages, etc. The documentary "The End of Suburbia" used these images and the image of an empty gas tank gauge. We all know what happens to a car with an empty gas tank: it stops moving!