27 Feb '13, 2pm
Drumbeat: February 27, 2013
When peak oil first came to widespread public attention some 10 or 15 years ago, there was some debate about whether peak oil was the solution to climate change caused by carbon emissions. After all, if we are forced by geology and economics to burn decreasing amounts of oil, won’t carbon emissions and global warming take care of themselves? In the last 10 years, however, much has happened. Bad economic times have reduced consumption of oil in most of the OECD countries. This demand has been replaced by increased demand from China, India and other developing or oil-rich countries, which are rapidly turning themselves into “motorized societies” where nearly everybody owns a car or some form of oil-powered transport. The other side of the peak oil/global warming issue is what has happened to our climate in recent years. Lower Manhattan under water; New England under feet of ...