In a World Short of Oil, Provisions Must Be Made

[ursi]

MIDDLEVILLE, Mich. -- It was around midnight one evening in November when Aaron Wissner shot up in bed, jolted awake by a fear: He wasn't fully ready for the day when the world starts running low on oil.

Yes, he had tripled the size of the garden in front of the tidy white-clapboard house he shares with his wife and infant son. He had stacked bags of rice in his new pantry, stashed gold valued at $8,000 in his safe-deposit box and doubled the size of the propane tank in his yard.

"But I felt panicky, like I needed more insurance," he says. So the 38-year-old middle-school computer teacher put on his jacket and drove to an all-night gas station, where he filled three, five-gallon jugs with gasoline.

"It was a feel-good moment," says his wife, Kimberly Sager. "But he slept better."

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http://online.wsj.com/article/SB120128939885117541.html?mod=hpp_us_pageone

[Mojorabbit]

1. I had a huge adjustment reaction when

I learned of peak oil. I hope technology will come to the rescue. If not we be in for a world of hurt.

[Extend a Hand]

2. I worry too , that during this primary season

people will delay preparing thinking that everything will be better if we can just get rid of the republicans running the show. But our democratic republic is inefficient at change by design. I don't think there is time to adequately mitigate the impacts no matter how big an effort is made at this point.



World oil production (EIA Monthly) for crude oil + NGL. The median forecast is calculated from 13 models that are predicting a peak before 2020 (Bakhtiari, Smith, Staniford, Loglets, Shock model, GBM, ASPO-<70,58,45>, Robelius Low/High, HSM). 95% of the predictions sees a production peak between 2008 and 2010 at 77.5 - 85.0 mbpd (The 95% confidence interval is computed using a bootstrap technique).

Link to article discussing the models depicted above.
http://www.theoildrum.com/node/3439#more