Peak Oil and Transition Economics

by Derrin Kent

In this view I explore issues related to the Peak Oil Scenario and the consequent need for transiton economics

It is no longer economically (nor ecologically) sustainable to physically travel out to train and assess employees on a one-to-one basis in the workplace with frequency

How will you ride the slide?

Geologists are telling us that the oil is running out. We started to massively hike up our use of oil in the early 1900s.... and we are now going to need to massively scale down our use of oil at a similar rate.

See the graph and the (funny) video clip below.  The dottted line (on the graph) labeled WEO 2006 refers to figures contained in this World Energy Outlook (click to view).

The need for our society to reduce our oil consumption is imperative in the context of Global Warming and Climate Change.... AND there is also a driving, practical need for us to reduce our oil consumption. It looks as if oil has reached its peak and the stuff is running out - meaning that the price of it is going to continue to rise very rapidly.

Compare our addiction to oil to a person's an addiction to cigarettes:

1. Like cigarettes, you might have enjoyed it, but it has certainly been very bad for you (global warming), it is also getting more and more expensive all the time... yet...

2. Unlike tobacco... we can't re-grow oil quickly... the stuff is running out... It will not run out completely... but the same quanitities of it simply won't continue to be around in order for us to keep on using it - certainly not to the extent we have grown used to using it.

peakoil.mp4
Flash animation

Should we really blame ourselves for having fun with oil in the way we did?  One can perfectly understand why Asterix and Oblelix went to Getafix for the potion which empowered them to beat their Roman enemies in combat situations.  Fair enough!   If it's there, use it ...and the oil was fun while it lasted... but we have reached the peak of its consumption...  and now we have to start to assume that we can no longer use it.

There IS also, of course, the environmantal factor.  While we weren't to know that our oil use would damage our own earth....   now that we do know the damage it does, we can't really self-justify our carrying on using it as much as we do, can we?  We no longer have the excuse of ignorance.

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