{"id":19102,"date":"2016-03-23T13:47:51","date_gmt":"2016-03-23T18:47:51","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19102"},"modified":"2016-03-23T13:47:51","modified_gmt":"2016-03-23T18:47:51","slug":"peak-oil-choosing-chaos-or-not","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19102","title":{"rendered":"Peak Oil: Choosing Chaos \u2026 or Not"},"content":{"rendered":"
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Peak Oil: Choosing Chaos \u2026 or Not<\/a><\/h3>\n<\/div>\n
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\"LB020116B\"<\/p>\n

If\/when a petroleum shortage impacts it will concentrate minds wonderfully.\u00a0But when it comes the window of opportunity could be brief and risky.\u00a0If things deteriorate too far too fast there could easily be too much chaos for sense to prevail and for us to organize cooperative local alternative systems. [1]\u00a0<\/em><\/p><\/blockquote>\n

\u201cToo much chaos\u201d is certainly one problem-solving approach! Perhaps it should not be the first one, however.<\/p>\n

Unfortunately, the more often the more prominent voices\u2014those unwilling to share with followers the full scope of our future fossil fuel\/energy supply challenges\u2014are given forums for public consumption, the greater the odds that \u201ctoo much chaos\u201d will be the strategy available to all of us.<\/p>\n

Of course, none of this is going to happen next month or next year, or perhaps not for several more years. But that\u2019s not a reason to set it aside for now. The scope of adaptation to a diminished and ever-diminishing thereafter fossil fuel supply does not lend itself to anything close to a quick-fix.<\/p>\n

The challenge now is all the greater because we\u2019re presently in the midst of an over-supply of oil, and prices have dropped to or near historic lows. That\u2019s obviously not a problem for consumers \u2026 today.<\/p>\n

So why is oil so cheap? There are various contributing factors relating both to supply (production rate) and demand. The main supply factor is that production of U.S. shale oil has increased rapidly to 3.5 million barrels a day, along with the renewed oil production from Iraq and Libya. Saudi produce one third of OPEC\u2019s output, and this time they have refused to cut production because they want to keep (grow?) their share of the market.<\/em>
\nAt the same time, demand has fallen because the global economy (especially China) has slowed down.\u00a0<\/em><\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Peak Oil: Choosing Chaos \u2026 or Not If\/when a petroleum shortage impacts it will concentrate minds wonderfully.\u00a0But when it comes the window of opportunity could be brief and risky.\u00a0If things deteriorate too far too fast there could easily be too much chaos for sense to prevail and for us to organize cooperative local alternative systems. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[4075,328,595,596,600,617,10552,846],"class_list":["post-19102","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-chaos","tag-fossil-fuels","tag-oil-production","tag-oil-supply","tag-opec","tag-peak-oil","tag-peak-oil-matters","tag-us-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19102"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19102\/revisions"}],"predecessor-version":[{"id":19103,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19102\/revisions\/19103"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}