THE OIL AND GAS CRASH AND YOU
Date: Thursday, February 19, 2004 @ 19:14:48 UTC
Topic: General
Fuel shortages soon
Summary:
The world’s oil and gas wells are running empty.
• After a hundred years of exploration and extraction very little new oil and gas is being found. See graph. Today, for every barrel of oil discovered, the world consumes four barrels.
• When energy get scarcer and dearer there is very serious disruption of transport, industry, business, government and private life.
Serious shortages and disruptions
• Globally, 90% of transport (road/rail/air/sea) depends on oil. So does industrial & farm equipment (food).
• Much natural gas is used by power generating stations to generate electricity. Gas shortages can therefore trigger grid outages that disable computers, communications and electronic control equipment.
• More than 500,000 oil & gas-based products will also become scarcer and dearer: plastics, clothing, asphalt, tyres, medicines, sealants, inks.
Alternative energy sources cannot compensate
• Hydrogen is not the answer because it is actually made from natural gas, which itself is running out.
• Hydroelectricity, coal, nuclear, windmills, solar etc. cannot be increased sufficiently in time to prevent seriously disruptive shortages of energy.
The full fact sheet can be viewed at:
http://www.geocities.com/RunningOnEmptyNZ/_FactSheet.doc
NOTE: The author of this Fact Sheet is unaware of such possible near-term alternatives as Zero Point (Quantum Vacuum) Energy - which just might be in mass production within one or two years - and powering cars a year or two later.
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