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DOWN WITH ANY ELITE |
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The
end of oil is closer than you think |
| Amsterdam,
May 25 2005
Dear reader, My friend, the
Dutch geologist Tom de Booy (http://www.egoproject.nl),
writes about oil. Just click on his site on the blue sentence: Update 10th of May 2005 under the header “What is
New”.
A
striking sentence is: The
political elite's, especially in the
Many
geologists expect that 2005 will be the last year of the cheap-oil
bonanza, while estimates coming out the oil industry indicate “a seemingly unbridgeable supply-demand gap opening up after Even the
ultra-conservative Swiss financiers are worrying about the coming
world oil crisis. They asked the retired English Petroleum geologist
Colin Campbell about the shortage of world energy resources.
"Don't worry about oil running out; it won't for many
years," the Oxford PhD told the bankers. "The issue is the
long downward slope that opens on the other side of peak production.
Oil and gas dominate our lives, and their decline will change the
world in radical and unpredictable ways". If he is correct,
global oil production can be expected to decline steadily at about
2-3% a year, the cost of everything will rise, from travel, heating,
agriculture, trade to anything made of plastic. And the
scramble to control oil resources intensifies. As one Mike Heinberg
wrote a book The Party's over. Oil, War and the Fate of industrial
Societies: "If the To make electricity required to
electrolyse water to get hydrogen vast amounts of fossil fuel
are needed. To make enough hydrogen to replace one gallon of
gasoline the equivalent of six gallons of gasoline is needed. This
solution therefore turns out to be a non-solution. In recent years, the debate over nuclear
power has revived and to judge from the tremendous rally in the
price of uranium the market has concluded that nuclear power is
firmly back on the political agenda. Nuclear power would facilitate
compliance with the Kyoto Treaty but its replacement potential for
oil is limited. To produce enough nuclear power to equal the power
derived from fossil fuels, would entail production of 10,000 of the
largest possible nuclear power plants, according to Goodstein.
"That's a huge, probably nonviable initiative, and at that burn
rate our known reserves of
uranium would last only for 10 or 20 years." After De Booy’s trip
around the world in 1999 he published a letter on his website www.egoproject.nl
with the following sentence of which I do not want to change a
syllable: |
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new contributions to my
site, |
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