Manchester Area Renewable Energy Initiative
To Educate and Empower Our Local Communities
to Implement Energy Conservation
"Are We 'Running Out'? I Thought There Was 40 Years of the Stuff Left!"
An oil based economy such as ours doesn't need to deplete its
entire reserve of oil before it begins to collapse.
A shortfall between demand and supply, as little as 10 to 15 percent, is enough to
wholly shatter an oil-dependent economy and reduce its citizenry to poverty.
Andrew Gould, CEO of the giant oil services firm, Schlumberger,
recently stated that "An accurate average decline rate of 8% is not
an unreasonable assumption."
Some industry analysts
are anticipating decline rates as high as 13% per year.
A 13% yearly decline rate would cause global production to drop by 75% in
less than 11 years.
If a 5% drop in production caused prices to triple in the 1970s, what do you
think a 50% or 75% drop is going to do? Estimates coming out of the oil industry indicate that this drop in production has
already begun.
The consequences of this are almost unimaginable.
As we slide along the down slope of the global oil production curve, we may find
ourselves slipping into something best described as a "post industrial stone age."
Acknowledgements to Matt Savinar, author of Life After the Oil Crash
Andrew Gould, CEO of the giant oil services firm, Schlumberger,
recently stated that "An accurate average decline rate of 8% is not
an unreasonable assumption."
Some industry analysts
are anticipating decline rates as high as 13% per year.
A 13% yearly decline rate would cause global production to drop by 75% in
less than 11 years.
If a 5% drop in production caused prices to triple in the 1970s, what do you
think a 50% or 75% drop is going to do? Estimates coming out of the oil industry indicate that this drop in production has
already begun.
The consequences of this are almost unimaginable.
As we slide along the down slope of the global oil production curve, we may find
ourselves slipping into something best described as a "post industrial stone age."
Acknowledgements to Matt Savinar, author of Life After the Oil Crash
If a 5% drop in production caused prices to triple in the 1970s, what do you
think a 50% or 75% drop is going to do? Estimates coming out of the oil industry indicate that this drop in production has
already begun.
The consequences of this are almost unimaginable.
As we slide along the down slope of the global oil production curve, we may find
ourselves slipping into something best described as a "post industrial stone age."
Acknowledgements to Matt Savinar, author of Life After the Oil Crash
The consequences of this are almost unimaginable.
As we slide along the down slope of the global oil production curve, we may find
ourselves slipping into something best described as a "post industrial stone age."
Acknowledgements to Matt Savinar, author of Life After the Oil Crash
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