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· Output peaked in 2006 and will fall 7% a year
· Decline in gas, coal and uranium also predicted
World oil production has already peaked and will fall by half as soon as 2030, according to a report which also warns that extreme shortages of fossil fuels will lead to wars and social breakdown.
The German-based Energy Watch Group will release its study in London today saying that global oil production peaked in 2006 - much earlier than most experts had expected.
Originally posted by marg6043
Just look the mess in Iraq.
Originally posted by marg6043
oil barons with their hands on available resources so they can keep their outrageous oil profits.
Originally posted by dbates
The U.S. government gain more from oil production, through taxes, than the oil companies do.
Originally posted by dbates
When everyone wakes up and realizes that there is no comparable energy source, that alternative fuels will cost even more and produce less energy. Only then will they accept the fact that life is changing.
Originally posted by marg6043
But wars will not be what the people will be asking under an economical crisis, that is what the corporate elite wants.
Originally posted by marg6043
Iraq has not brought anything to the people in America, is not blooming economy but a outrageous deficit, is not oil relief at the pump but an increasing and steady rate of hike oil prices.
Originally posted by Burginthorn
Right now we are being conditioned to accept war in the middle east through fear. Fear of terrorists, fear of Iran having nuclear weaponry and fear of what these religious extremists will do to our way of life if they are not stopped.
Originally posted by Burginthorn
Is there another way?
GENIE generators with no moving parts can be made in many of the world's
electronics factories. Household units will produce power 24/7. Larger units will
replace automobile engines. GENIE will eliminate any need for fuel to run a vehicle.
It can also allow future cars to become income producing power plants when parked...........
A near-term MPI goal is a 1 kW self-sustaining generator perhaps 5"x5"x16" in size.
In 2008, a plug-in hybrid car, with a pair of these 1,000 watt GENIE prototypes, is
expected to demonstrate that a connection to the grid is not necessary in order to
recharge the battery. That will herald the beginning of an end to the need for fuel.
source: www.magneticpowerinc.com...