From GAIL TVERBERG
The Oil Drum
I decided to write another rather basic level article because there are so many people I meet who have heard a bit about the oil situation, and it is hard to point to one single article to give an overview of some of the current issues. Regular readers will find many repeats of graphs. There are some new ones, as well, from the Denver ASPO-USA conference. Because there is so much to tell, the story gets a little long.
We live in a finite world. It is clear that at some point, we will eventually start hitting limits—we won’t be able to extract as much oil, or we won’t be able to mine as much silver or platinum, or fresh-water aquifers that have built up over millions of years will run dry.
We are reaching limits in several areas, but the one I would like to talk about here is oil production. Oil is essential, because nearly all transportation depends on oil, and because a huge number of goods use oil in their manufacture (including textiles, pharmaceuticals, pesticides, asphalt, plastics, lubricating oils, and computers). Oil is also essential for our current agricultural system–growing food and transporting it to market.
Why people are concerned about a decline in oil production
Keep reading at The Oil Drum→
See also Abiotic Oil→