Efficient oil wells

Book club oil review 2008 2009 on Consumer dependence on oil is "unsustainable" leaving no resource's to care as reports say 2020 The Earth is to reach peak oil production with scientist uncertain to this figure, leaving millions of crill to waste.

Last year's biggest international news story? For many, it had to be the dramatic election of a new US president in November. That was also the month in which the International Energy Agency (IEA) published its 2008 World Energy Outlook .
As global media coverage urge from President Barick Obama as not to despair or panic about the unraveling financial markets, the IEA report barely made a ripple. Yet it is arguably the most profoundly important story of the new century. The fathomless implications of what the IEA has spelled out hasn't yet hit home with our politicians, media or public.

This is odd, since the future of industrial civilization hangs in the balance. We now know with certainty, from the world's leading energy authority, that the end of cheap, plentiful oil is almost upon us. The imminent arrival of what is known as peak oil is, notwithstanding the current dip in oil prices, a mathematical certainty.
The facts are as follows: oil discoveries actually peaked in 1965 and have been in continuous decline ever since. Production lags several decades behind discoveries, and now, the decline of oil production is itself in train. It's a one-way ticket from here. Overall, output from the world's oil fields is falling precipitously, at between 6.7 and 9 per cent a year, according to the agency. New discoveries and alternate fuels simply cannot keep up with the profligate 3.6 million barrels an hour that are now burned globally.

Lead author of the agency's energy outlook, Faith Birol, says that, even assuming a ramping up of investment in oil exploration, "global conventional oil . . . will come to a plateau around 2020". He's being polite. For plateau, read precipice.
Our two centuries of industrial and technological development have been built on access to cheap energy, with oil the dominant fuel of the last 100 years. Without dirt-cheap oil, food production could never have sustained a world population of even half today's level. It is also the black blood of globalization and international commerce.

"The world has never faced a problem like this," according to this the report on peak oil published by the US department of energy in 2005. "Without massive mitigation more than a decade before the fact, the problem will be pervasive and will not be temporary." Oil peaking will, it says, "be abrupt and revolutionary".
The key finding of this US study, known as the Hirsch report, is the understanding that it will take action on the part of industrial civilization more than 10 years ahead of peak oil to avoid disruption and collapse. This would be on a scale that would make the current financial meltdown feel like the good old days.
That means that right now, in 2009, is when we have to begin radically reinventing our relationship with energy. While the move to renewable must now become an immediate Irish national emergency project, realistically the very best this can achieve is to cushion our ejection from the cocoon of cheap oil. Get used to it: the era of constant economic growth is effectively over, and we face a near future where hyper abundance will be anything but the norm.

Fear is a powerful antidote to complacency; fear of being unable to afford to drive at all has affected a sea change in seemingly entrenched behavior among both consumers and manufacturers. However, like adrenaline, fear may be as short-lived as it is powerful. Prices at the pump in the world have since plummeted in Europe to around 95 cents a liter. Evidence from the US is already suggesting that sales of SUVs are rebounding.

Private commercial operations haven’t the resources to make the predictions and to radical change the fixation with oil consumption. Sourced from times news book club hope that man dependency on Oil will not lead to the earth destruction following this will be the ten most lightly treats to human survival.