Tuesday, October 23, 2007

The Future Has Just Arrived

The Peak Oil phenomena has been predicted for a while now, and is expected to mark a major turning point in the history of our industrial society. Well, according to a new report just released by the German-based Energy Watch Group, Peak Oil has already occurred - in 2006. World oil production will begin to fall from this point on for the rest of humankind's existence on this planet. And the fall in production is expected to be a rather rapid 7% a year. This report is more pessimistic than others because it relies on actual production numbers, rather than estimates of the oil in left in the ground (which can be inflated for political and business reasons). Meanwhile, the demand for oil will attempt to keep rising as China and India grow their consumption rates. This report is certainly consist ant with the price of oil reaching a new peak of over $90 a barrel last week.

In addition to this news, the effects of climate change are hitting earlier than expected in the United States. Massive wild fires are devastating parts of southern California and severe draught conditions are causing major problems with Atlanta. Recent measurements of the Artic sea ice shows that it has been melting much faster than even the worst case predictions.

Add to that the chain of major economic instabilities now hitting the market in the technically bankrupt U.S. economy (see my post on Sept 2nd) .

People have been talking about these future problems for a while now. Well, it's official, the future is now here. Prepare for an increasingly exciting ride from now on.

Meanwhile, the Democrats in Congress seem to be unable to rally enough support and determination to make any major progress or for the most part provide any compelling vision. And the Republican presidential candidates are just arguing about who is the most conservative.

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