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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (11608)	12/23/2010 11:26:21 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 24218

What is a Feasible Living Situation for Future Humans? Part 1 Posted on December 22, 2010 by gailtheactuary This is a guest post by George Mobus. It was previously published on his blog, Question Everything. George published this post, plus what I plan to publish as part 2 in a day or two, as a single post. Since it is quite long, I thought I would try dividing it into two shorter posts, posted a couple of days apart. How Do We Establish Feasible Sustainable Living? The peaking of oil extraction and refining appears to be upon humanity. The evidence is quite strong (if you want to follow this story I recommend you regularly read The Oil Drum for news and updates as well as technical reports). Because the cost of oil reflects to a large degree the imbalance between supply and demand, and has been pushing higher for the last several years, this has had a dampening effect on demand and a depressing effect on the economy. Thus, instead of an actual peak due to geophysical issues alone (the basis of the original peak oil theories) and subsequent decline, we are witnessing a bumpy plateau. Demand destruction leads to lower production in response and that means some oil is not being pumped out of the ground that would have been otherwise. But the overall trend is basically the same. Oil production will go down leading to upward pressure on the price we pay for each unit that is pumped. The feedback between the economy and oil production will mean that the process of decline will be stretched out a bit longer. ourfiniteworld.com