Peak Oil, the point at which world oil production peaks, is maybe 20 years away. Maybe 2050 we hit it, plenty of time to enjoy my Hummer. All the major oil producing nation’s productions have been in decline since 2002.

Don’t buy it? Read this:

No new large oil fields have been discovered since about 1970.

Peak oil is here.

Marion King Hubbert, a 1950s era geophysicist, predicted that global oil production would peak around turn of the century. The 1970s oil embargo and a recession puts his prediction to right about now. The second half of the oil era is not going to be pretty. Most take for granted how cheap and energetic fossil fuels are. Until recently gasoline was pretty much the cheapest fluid you can buy in the U.S. A barrel of oil, which will cost you about $93 as of Nov. 2007, is equivalent to about 15,000-25,000 hours of human manual labor! Oil’s amazing energy/cost ratio has fueled global economic growth for over a century. Could we switch to nuclear power? We would burn through the worlds Uranium in 1-2 decades. A Bridge at best. Wind won’t match oil. Solar? The Earth is constantly bathed in 20 times the Earths total oil energy. Cover 1/3 of California and the US might be there, but that is an enormous technical challenge.

Kicking the oil habit as easy as car pooling and putting solar panels on your roof. During your daily routine, you obviously use electricity, maybe drive to work or ride a bus. You probably use a plastic tooth brush, shower with soap, and if your a woman (or a strange man) you wear makeup. You probably eat cereal made from grain harvested with a tractor. Your 400 Calorie breakfast required up to 2,800 Calories of fossil fuels to produce and transport. Your computer required 10 times its weight in fossil fuels to manufacture. (More, pardon the partisanship) Imagine transportation, and all the other items made cheap and abundant by oil were suddenly scarce and expensive. Imagine air travel unaffordable to 99.99% of the population.

Some economists say that a world without fossil fuels could support maybe 1.5-2 billion people, no where near what global population is predictions to be in the next few decades.

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