Sunday, August 19, 2007

Peak Oil will bring economic turmoil to a neighbourhood near you by 2012

Climate change is, of course, not the only major challenge facing our civilisation these days. This one is likely to be felt a lot sooner, however. The imminence of the economic and social turmoil that will inevitably accompany this phenomenon is one of the reasons why I believe our government has already missed the boat when it comes to renewable generation. If a concerted development and investment program had been put into effect before the turn of the century we would already be seeing technological progress and a healthy export industry. As oil prices start to spike we would be in a comfortable position to initiate a smooth transfer to sustainable generation. This hasn't happened. Tony decided to invade Iraq instead. (I have a mad vision of him sitting at a table in No. 10 with the two options scribbled on bits of paper and pinned to a dartboard whilst he closes his eyes and prepares to throw a dart.)

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