Topic: $89 a barrel !!!!
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Now the news says that the $89 a barrel that the NYMEX hit today is due to Turkey's soon to be aggression against the PKK and the Kurds in Iraq, but this does not seem to hold up. This is a major spike and for something that is in all probability already happening. Plus, Iraq is still not a major oil exporter, what gives? I would wager that more petroleum goes into Iraq via turkey in the form of gas smuggling then is going out via turkey. At the least it means that supply is SOOOOO tight right now globally that any sort of disruption no matter how small will have an effect. That means that we have either hit the peak or are REAL near it.
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T. Boone Pickens, Matt Simmons, Kenneth Deffeys and Colin Cambell and many other are at the point of saying we are at or near the peak today. Of course we may not be able to see this until we look in the rear view mirror. Production numbers from the EIA have been flat since late 2005, and are actually off a bit, while demand is estimated to continue to grow.
Already, there are nations unable to afford to pay for oil, and are doing with less. This is something we are all going to need to do in the very near future. I have cut my carbon footprint and energy usage by 75% in the past two years. Still, there is more I can do, and am in the process of doing it. Interestingly enough, I have not made huge lifestyle changes to make these cuts at all... just moved out of the big house I lived in by myself, and into one 50 miles closer to where I work, share the house with two others, and got a woodpile.... a much more fuel efficient vehicle, and an electric assist for my bicycle... and walk a good bit more. Of course I can afford to do these measures now, and am moving myself out of debt, so as to not be beholden to anyone when the crash comes.
Food security is my major concern. I need to get a greenhouse into production at least 6 or 7 months out of the year, and figure out ways to get to the salmon streams at the right time in the event of minimal or no fuel. Alaska is at the end of the supply chain, and while we are a resource rich state, that may not last long if it is one of the few stable places left to get oil.
I have done peak oil presentations to over 1500 Alaskans.... but I get the sense that most see this as something way off in the distant future. Any ideas of how to get the world to grasp it before it actually happens?
Scott