Futurist John L. Petersen of The Arlington Institute is a regarded scenario thinker. Read this Alert and buy a hybrid now.
Message from John L. Petersen:
For quite a number of years different analysts and observers have forecast the “peaking” of oil – reaching the point of maximum global production – which would be followed by less oil pumped and higher prices. Others, primarily those related somewhat with the oil industry or the government, argued that in the past, technology advancements have always allowed producers to find more oil where it was previously was thought either impossible or uneconomical. Well, they appear to have been quite wrong. In the last six months even mainline sources are now discussing peak oil without smirking and depreciating the idea.
The indicators have been there for some time. Some said that with the Saudi’s pumping the same amount for the last two years (and spurning President Bush’s multiple requests for increased production) it was obvious that the world had peaked. The Mexicans have peaked. The North Sea has peaked. It was only a matter of time before it became common sense.
Here, from John Mauldin’s “Out of the Box” is David Galland’s rather succinct – and galvanizing – analysis, which portends great change in the energy sector in the coming years. The jockeying and global manipulations will begin in earnest quite soon, as it becomes clear that the fuel that has given us most of everything we have is rapidly running down. And the price of oil will only increase while alternative energy breakthroughs will amaze. The disruption will be significant. The world will move rapidly toward becoming all-electric. Welcome to the new (energy) age.
The Arlington Institute specializes in thinking about global futures and trying to influence rapid, positive change.