good
Now is the Time
There is a restoration happening everywhere. Pierre invites you to action for your highest aspirations for a better world. In the affairs of humanity there is a tide of possibility, seen in places like the Global Marshall Plan, the Millennium Promise, and Green Design.
May you act now for the purpose of a new common ground with all people, goodwill towards all life, and the better world we have always dreamed of.
Global Oil Supply Crunch: Peak Oil and Why the Oil Wells are Running Dry
Oil is a finite resource. Now, even conservative analysts at Lloyds of London insurers and Chatham House consultancy are predicting oil prices rises to $200/bbl in a new report.
Read the original report from Lloyds of London and Chatham House here.
In our short film featuring Pierre Terre, with Bill Burke of the Post Carbon Institute, we find out about "Peak Oil" and why so many oil/gas wells are running dry. We see California oil wells and their ugly, toxic tar residues.
Across the world, oil production is highest just as we reach the end of the lifetime of many oil and gas wells. The year 2010 was predicted as the peak production year.
This is the "Peak Oil" problem.
