Princeton Professor- "By 2025 we're going to be back in the Stone Age."

[Clara T]

2 Ghawar, the supergiant Saudi oilfield, is producing increasing amounts of water along with the oil. When Simmons sent Twilight in the Desert to the printer, the water cut at Ghawar was around 30 percent. There are later reports on the Internet (home.entouch.net/dmd/ghawar.htm) of water cuts as high as 55 percent. Ghawar has been producing 4 million barrels per day; when the Ghawar field waters out, you can kiss your lifestyle goodbye.

Since we have passed the peak without initiating major corrective measures, we now have to rely primarily on methods that we have already engineered. Long-term research and development projects, no matter how noble their objectives, have to take a back seat while we deal with the short-term problems. Long-term examples in the proposed 2007 US budget (Feb. 9, 2006 New York Times page A-18) include a 65 percent increase in the programs to produce ethanol from corn, a 25.8 percent increase for developing hydrogen fuel cell cars, and a 78.5 percent increase in spending on solar energy research. The Times reports that solar energy today supplies one percent of US electricity; the hope is to double that to 2 percent by the year 2025. By 2025, we're going to be back in the Stone Age.

By 2025, we're going to be back in the Stone Age.

Ethanol, fuel cells, and solar cells are not the only shimmering dreams. Methane hydrates, oil shale, and the Yucca Mountain radioactive waste depository would be better off forgotten. There are plenty of solid opportunities. Energy conservation is by far the most important. Initiatives that are already engineered and ready to go are biodiesel from palm oil, coal gasification (for both gaseous and liquid fuels), high-efficiency diesel automobiles, and revamping our food supply. Every little bit helps, but even if wind energy continues its success it will still be a little bit.

That's it. I can now refer to the world oil peak in the past tense. My career as a prophet is over. I'm now an historian.

http://www.princeton.edu/hubbert/current-events.html

[Clara T]

1. We passed the halfway point

During the year, we passed the halfway point. The graph shows the date of the crossover: December 16, 2005.

[bpilgrim]

2. it's all just a LIBERAL conspricay

thanks for sharing :toast:

peace

[FloridaPat]

3. Scary.Thanks

[BlueStateGirl]

4. Alrighty then. None of this this shit matters. I'm gonna quit my job, sell

my house and spend the next 19 years smoking dope in Mexico.

I was looking for a reason not to go in to work tomorrow.

[linazelle]

5. LOL. When you call in will you tell them it's because of peak oil?

:rofl:

[Clara T]

7. Sounds like a good idea

even if the prediction is off. Why wait?

[Porcupine]

6. More like ox-carts and cell phones

Technology that requires high amounts of maintenance power will be history but information has always had a high value. Bicycles will rule the world.

Of course if you are a Type 1 diabetic or need dialasis you can bet it will be history.