[Peakoil] When oil dries up - SMH

[Antony Barry]

When oil dries up
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Oil is close to running out, and chaos will follow, according to a US  
expert. NICK GALVIN reports.

Richard Heinberg is an unlikely latter-day Jeremiah. The contrast  
between this quietly spoken Californian college professor and  
accomplished classical violinist and his explosive message couldn't  
be more marked.

Heinberg, who is embarking on an Australia-wide speaking tour, is a  
leading proponent of the "peak oil" theory.

Peak oil is shorthand for the premise that the amount of oil left for  
us to use has "peaked" (or is just about to peak). Once worldwide  
production begins to fall and with no corresponding decrease in  
demand, oil prices will skyrocket, leading to widespread chaos.



Lots more at http://www.smh.com.au/news/a-closer-look/when-oil-dries- 
up/2006/08/29/1156816882366.html

How bad will it be? If Heinberg is to be believed, the impending  
dislocation caused by the end of the oil era will be about as bad as  
it gets.

Tony
phone : 02 6241 7659 | mailto:me at Tony-Barry.emu.id.au
mobile: 04 1242 0397 | mailto:tony.barry at alianet.alia.org.au
http://tony-barry.emu.id.au