According to the extremely conservative International Energy Agency (IEA), we’ve passed the world peak for conventional oil (in 2006, they say). In a stunning nod to reality, even the New York Times agrees. In a bizarre case of committee-style cognitive dissonance, the IEA follows up on the admission that peak oil has come and gone …
The property of rich folks has always been more important than the lives of the poor, a fact that will continue to create misery for the “other” 99% of us until the entire industrial economy fails. Personally, I can hardly wait.
The industrial economy is slipping through our fingers like mercury from a broken thermometer. Facing a rapid terminal decline in crude oil — the lifeblood of western civilization — there is nothing you, me, or President Obama can do to save the industrial economy. But as we near the end of the industrial economy, complete with the collapse of our fuel-, food- and water-delivery systems, individuals can make arrangements to thrive in the post-carbon era.
I’m not happy. The latest projections on climate change from the Hadley Center indicate we’ll not voluntarily power down quickly enough to save our species. Seems even if we reduce emissions to 47% below 1990 levels by 2010 (yeah, right) we’ll still warm the planet sufficiently to destroy all planetary ice by century’s end, and therefore ensure the extinction of our species. No surprise there, of course. When the Nobel committee gives away the Peace prize to the gutless (but “pure”) scientists at the Intergovernmental Panel on Climate Change (IPCC), you know we’re screwed at our own hand.