[Peakoil] Zinio Reader: Burn and crash

[Keith]

On a matter of scale I heard last week on the BBC (I'm presently living in the UK) that liquid petroleum consumption is the equivalent in volume of an an average house per second.

If you visualize that in terms of a river - like, say, the Irrawaddy, which I have seen flowing at about 100 times that rate - it doesn't sound too bad. But when you remember that this is a one way flow from rock into the atmosphere, and is not part of a circular flow, it looks more serious.
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Keith Thomas
myrmecia at gmail.com
+44 74 2929 4146
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On 1 Dec 2013, at 10:30 am, Antony Barry <antonybbarry at me.com> wrote:

Fourth, we court disaster with assumptions about oil depletion. Most of us believe the industry mantra that there will be adequate flows of just-about-affordable oil for decades to come. I am in a minority who don't. Crude oil production peaked in 2005, and oil fields are depleting at more than 6 per cent per year, according to the International Energy Agency. The much-hyped 2 million barrels a day of new US production capacity from shale needs to be put in context: we live in a world that consumes 90 million barrels a day.

The mantra is that there will be adequate flows of just-about-affordable oil for decades to come

It is because of the sheer prevalence of risk blindness, overlain with the pervasiveness of oil dependency in modern economies, that I conclude system collapse is probably inevitable within a few years.