Every last drop "Gulp"

The next global economic depression could be just only a few years away. Economies of scale depend solely on importation of Oil and this commodity is traded in dollars. With Oil production nearing peak oil it production in about five years. Oil as a cheap energy source is coming to an end this is a certainty. Wise labs are patenting technologies to try to safely electrified road ways with initiatives like reflector unites to power new transport network. It is going to take about five years for oil inventories to clear, as energy demand is set to exceed oil supplies causing prices to soar. This is the analyses coming from the who’s who of British business. Lead by Sir Richard Branson with an aptly named report “The oil crunch” this echoes much of commentary both towards the speculation and trading practices of oil and stocks of oil to keep energy at a sustainable rate. It all points to an economic blind spot facing global times. Humanity is facing the big global question since the source of energy was discovered 150 years ago.

Branson group predictions world oil capacity will average 92 million barrels of oil per day and this is a lot of barrels this is allowing for new discoveries. Adjusting for accelerated depletion in major fields with investment in new technologies still the planet remains comfortable towards the remaining largely depleted oil reserves. In reality energy demand will probably shoot higher. All energy consumption systems are geared to the consumption of oil, making companies decide to consume oil instead of using alternative untested energy sources. So as the squeak of the price of oil crawls towards the $200 a barrel in six years the truth remains will industry change behaviour towards energy consumption the answer to this question remains no. With the current economic doctrine higher prices will lead to more supply low inflation drives a buoyant economic system. Global leaders fail to grasp the basic geology that all things have a life cycle that there is a limit to amount of oil reserves left isn’t enough affordable oil left to maintain an affordable oil driven system! Peak oil is waving a flag at our planet?
The International energy agency “IEA” report is quite simple there is steady growth in per capata energy demand from none OECD world that has 80% of the world’s population. Growth in alternatives energies and technologies will not prevent this prolonged disruption to idle machinery and oil energy supplies. The question remains why humanity ant preparing for this energy crisis by introducing change Book club cannot answer as Cophagan energy summit broke without any clear vision towards transport. The limit of natural resources will lead to higher pricing. Triggering a bust cycle as industries collapses markets panic countless peoples left idle. In comity markets run into depletion type pricing. Low inflation history is about to be challenged according to “Industry task force on peak oil and energy security” report this is set to begin within the next five years depending on strength of global market recovery. Debit, currencies and investment sectors will all be hit hard by high oil cost. So should nation’s behaviour change towards Oil dependency, why isn’t the change from Oil not doing so well! The answer is oil grip has population control, splurging currencies towards almost redundant waste consumables of a precious resources Oil. Even though electrical motors can twice fast and natural gas more economical I could list a thousand reasons to change but I would seen as time wasting as oil is cheap, reliable promotable and reward able on tap yea very reward-able.