Free PDF BookBritain Coming Energy Crisis Peak Oil and the End of the World as we Know it

[Read.QRES] Britain Coming Energy Crisis Peak Oil and the End of the World as we Know it

[Read.QRES] Britain Coming Energy Crisis Peak Oil and the End of the World as we Know it

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Published on: 2015-06-11
Released on: 2015-06-11
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We dare not talk about this… Politicians dare not discuss it for fear of causing mass panic… North Sea oil and gas production peaked in 1999. The oil bonanza is over - the oil income spent. Britain is once again an energy importer. Worse still, we are increasingly dependent upon imports from the world’s trouble spots and hostile regimes - Libya, Nigeria, several Gulf States and Russia.Even worse, successive governments have failed to invest in new electricity generation; let alone a switch from petroleum-powered vehicles. What they have done is closed most of the coal-fired power stations and destroyed the UK coal industry.Just at the point where we - and our EU partners - need to import growing quantities of oil, we face growing competition from fast developing countries such as China and India.Add to these problems the fact that the oil exporting countries are using a growing proportion of their dwindling oil and gas production to grow their own economies, and you have the end of cheap, fossil fuel-based energy.Nobody can predict with any certainty what the world beyond cheap oil will be like. One of the problems with many of the peak-oilers is that they tend to talk about the consequences in apocalyptic terms, as if the entire world will come crashing down around our ears within months of oil production peaking. This is, perhaps, understandable when we consider that the early peak-oilers were oil industry insiders concerned that the world was sleep-walking to a potential catastrophe.One response to this – one I personally hold to – is that if you want to see what a world without cheap oil looks like, go and look out of your window (or look at a newspaper):* A million families using food banks is what a world without cheap oil looks like* The replacement of high-paid/high-skilled employment with low-paid/low-skilled jobs is what a world without cheap oil looks like* The inability of the developed economies to stimulate economic growth is what a world without cheap oil looks like* Governments’ (including those pursuing austerity policies) failure to avoid running up massive government debts is what a world without cheap oil looks like * The dramatic slowdown in the Chinese economy (which was meant to be the engine for global growth) is what a world without cheap oil looks like* The multi-trillion pound misallocation of funds to inflate asset bubbles and property speculation (because the real economy has gone into reverse) is what a world without cheap oil looks like.This is, of course, just the beginning. As supplies of cheap fossil fuels dwindle even as humanity's insatiable demand increases exponentially, our life-support systems will begin to fall apart, causing the biggest disaster to hit the UK since the Black Death! Money: Personal finance news advice & information - Telegraph Latest news expert advice and information on money. Pensions property and more. The End of Cheap Oil by Colin J. Campbell Jean Laherrere THE END OF CHEAP OIL. by Colin J. Campbell and Jean H. Laherrre Scientific American March 1998 (This article is available in a PDF format almost identical to the ... The coming revolution in transport The Economist This sensitivity to prices and incomes is important for global oil demand. More than half the worlds oil is used for transport and of that 46% goes ... ICECAP The Impending Collapse Of The Global Warming Scare. Icecap There is no more important year than 2017 since our inception 10 years ago in 2007 during which Icecap had ... BP - Wikipedia BP P.L.C. also referred to by its former name British Petroleum is a British multinational oil and gas company headquartered in London England. Financial Markets News Data and Charts - MoneyWeek In our free daily Money Morning email MoneyWeek's executive editor John Stepek and regular guest contributors explain to you what's been going on in the markets how ... Environment: News & features - The Telegraph 26 Jan 2017 6:36pm Comment: Donald Trump has declared war on the regulatory state. Theresa May should do the same in Britain The Peak Oil President? Post Carbon Institute The oil industry and the Energy Information Administration (EIA) of the U.S. Department of Energy claim that tight oil production can expand at relatively low prices ... United Kingdom - Wikipedia The United Kingdom of Great Britain and Northern Ireland commonly known as the United Kingdom (UK) or Britain is a sovereign country in western Europe. International News Latest World News Videos & Photos ... Get the latest international news and world events from Asia Europe the Middle East and more. See world news photos and videos at ABCNews.com
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