I read an article last Sunday in the Sydney Sun-Herald (which I can't find online) about Peak Oil.
Scary. Peak Oil is when the world hits maximum oil production before the oil reserves start to dwindle.
That point has either passed or is due to pass over the next 5 years.
Some predict this will lead us into 40 years of recession.
We can't bury our heads in the sand on this one. It will happen, it's just a case of when.
Funny, but a few weeks ago, before I read the article, I was thinking "What if....."
What if I gave up the cars, the mobile phones, the second phone, the cable tv, the school fees, the location (to get lower rent), and led a more frugal life, shopping on foot round the corner, kids at school round the corner. Not a back to the land life, but a big big cut down. Low paid job, time with the kids. And then I read the article which suggest that's where we're all heading that way anyway, a la Cuba, who had to move to a non-oil economy after the Soviet Union's collapse in '91. It became a small scale local community economy.
I don't know enough about energy economics, but the first thing that occurred to me, is that as oil prices go up, doesn't it make it viable to drill other reserves of energy, including oil? And of course the big one is where does that leave nuclear energy, especially as Australia sits on 40% of the world's known uranium supplies. Ha! I knew I moved here for a reason! We'll become the new Middle East within a decade!! Unless nuclear fusion (and not nuclear fission) saves the day.
The one thing I just can't give up is broadband!! That would be my one luxury.
My car has been off the road for over two months, and but for one crisis last week when Annie's car broke down, I've not missed my car at all. As long as we had cover for our one car breaking down, I'd happily move to having just one car. I'm starting to detest the cost of keeping a second car on the road, and I like public transport and cycling, and yes, I really am beginning to think about the economy and environment.