Norm Erickson's blog
Peak Oil and Natural Gas
We are rapidly approaching the time when the availability of cheap, abundant fossil fuel energy from crude oil and natural gas will begin to decline and prices rise rapidly. We are already into the early stage of this process. Search the www using 'Peak Oil' as a Google.com search term and you will get a glimpse of the enormity of the problem (you will get about 35 million hits).
It is past time to begin to plan for the future that follows as a consequence of impending energy shortages and price increases. If you consider that light-sweet crude oil currently sells for about $65 a 42 gallon barrel, and it contains the energy equivalent of 8 people laboring for a year, then you might imagine the dire consequences of declining energy availability in an economy based upon growth and consumption.
