I noticed on this graph a few omissions. At first it looks like the end of the world as we know it, but where are Russia and Venezuela, on the graph. And then I searched for "Peak Oil" and "Russia" in Google, and it tells a different story. The USA has hit Peak Oil for itself and its imports are in decreasing order, Canada, Mexico, Saudi Arabia, Venezuela, Nigeria, Iraq, Angola, Algeria, Ecuador and Russia!! Blimey, now we can see what's going on here. America (and the UK to a lesser extent) have a major energy crisis coming their way. And who are the two main protagonists in Iraq? Makes me wonder why Australia got involved. We (note how I'm now an Aussie!) can sit here on our uranium (and coal) piles!
I think it's time for a new category on my weblog, "Peak Oil" this is a fascinating way of looking at the world, and predicting the future. Just how is the USA going to get out of this one? They must be doing a lot of calculations on whose oil has peaked and is in decline, who still has reserves and hasn't peaked yet, and where the hell are they going to get their non-oil energy from. Looks like coal!!
But it also begs the question of how China and India are going sustain their energy demands, and what is to become of Europe. Just done some more surfing and this is a big complex subject.
But is it really that complex? Just look at the oil pump prices and the cost of manufacturing and/or importing. That will sort it out quite quickly!
Part of what set me thinking along these lines, is seeing an article on Peak Oil, but then reading this article on The Tesla Roadster. 0-60mph in 4 secs, top speed of 130MPH, 6,831 Lithium-Ion Batteries, and it costs $80,000. The end of oil as we know it!!