I've been studying peak oil for over 6 months now. We are at peak oil now 86 million barells/day consumed, 86.5 million/day produced. Next year consumption will outpace production by approx 2% and will continue to grow each year. Oil will begin to rapidly go up in price because speculators, investors, and oil companies will officially now there is no additional, affordable oil to get at to keep up with consumption. If peak oil is reached midway through next year, and we begin the descent, we have approx. 4 years before a total social-economic collapse. How many people do you think will survive? It takes the world's oil and money markets to keep 6.7 billion people alive. Experts believe we counldn't sustain 500 million on the planet without oil. What happens when money is worth NOTHING! Will people be fleeing into the rural lands and holding up on their properties, protecting their gardens and lands with weapons? Will this happen soon and save the planet from global warming?
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