Oil Depletion Debate

Because petroleum has been so instrumental in the development of modern societies and because it is also a finite resource that will some day go into decline, supply needs will fall short of demand at some point. The main focus of this blog is on the arguments put forth by the pessimists. I believe geopolitics will play an equal part in causing a supply shortage before an absolute geological peak, governments will limit their oil production levels

"A Very Unpleasant Truth... Peak Oil Production and its Global Consequences"

"A Very Unpleasant Truth... Peak Oil Production and its Global Consequences"
http://www.financialsense.com/Experts/2008/Lyle.html
audios
http://www.netcastdaily.com/broadcast/fsn2008-0830-2a.ram
http://www.netcastdaily.com/broadcast/fsn2008-0830-2a.asx
Editorial Reviews
Product DescriptionA basic assumption underlying our economic system and our way of life is that cheap and plentiful amounts of oil will be available for the foreseeable future. In this book two retired oil company scientists present the case that this assumption regarding future oil supplies is dangerously flawed. They believe that a peak in worldwide oil production is imminent and that the ensuing decline in oil production will have devastating social consequences unless steps are taken immediately to lessen the impact of this event. Easy solutions to the problem of peak oil production such as replacing conventional oil with ethanol or relying on the Canadian and Venezuelan oil sands to solve the problem will prove to be only unrealistic partial solutions. Conservation of energy must be an essential feature of how we respond to the impending energy crisis. Development of a national mass transit system along with a massive increase in electrical power generation using nuclear power, wind power, and solar power will be required to avert disaster.
http://www.amazon.com/exec/obidos/ASIN/1419687611/financialsenseon