The Peak Oil crisis

I'm starting to see more "mainstream" news about the global oil supply and demand issues, for example, this article that just came out. With oil over $97/barrel at the beginning of winter, when prices are traditionally starting to come down, that doesn't bode well, nor does the dropping value of the dollar.

A very interesting and scary graph of world oil production:


It's a recent graph from the Energy Watch Group's Peak Oil report - it's the very best report on Peak Oil I've seen - thorough, intensely analytical and very, very honest. You can get the Executive Summary here and the full report here. Both are PDFs.

With so much of this stuff, it's hard to know how much is hype and fear-mongering stuff, but I think at this point it's not debatable that things are going to have to change in the next 20 years or so, and that conservation and reusable energy sources are going to have to come into play, and soon. Aside from that, oil runs not just our vehicles, but petroleum is the basis for so much of what we do - plastics.

Additionally, with the Euro now buying $1.47, it's going to be debatable about whether we can even save enough money to make this move happen. Pay for the move in $$ on credit cards and then pay it off once we're earning Euros? Is that cheating? Is it even realistic to think that could work? Oy.