10 Jun '13, 1pm
Drumbeat: June 10, 2013
Posted by Leanan on June 10, 2013 - 10:32am Peak oil: preparing for the extinction of 'petroleum man' (interview with Kjell Aleklett) At the turn of the century, certain sections of the scientific community noticed a small but ominous speck on the horizon. Over the years, this speck has advanced, revealing itself as a hulking great obstacle that casts a shadow of uncertainty over our collective energy future. The speck has been replaced by something nearer and altogether more tangible. We now have an elephant in the room, and its name is peak oil. So, what is peak oil? In short, peak oil will occur when the extraction rate of this resource ceases to rise. Typically, this point is reached when half or less of a natural commodity has been removed. It is the peak of the bell curve; the point at which the tail is longer than the rise to the top.