Vancouver's Leader in Transition toward Strong, Resilient, Complete Communities
VV group: Energy
Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. But Peak Oil is not really the issue. It's the consequence of Peak Oil... The End of Cheap Oil... that is the issue that will affect us all.
According to the International Energy Agency (IEA), world crude oil production peaked in 2006 and will taper off from now on. Only a narrow minority of experts see unconventional oil--e.g. Alberta tar sands, deep oil drilling--even just replacing what is lost from depleted wells. Meanwhile, China and India--accounting for almost a third of the world's population--are doubling their use of oil every 15 years, with China expected to surpass European consumption within 8 years.
Regardless of the projection, the fact is that we need to start readying ourselves NOW for the impacts of peak oil, because the changes required will take time and likely more time than we have left. Canadians use more oil per capita than Americans!
Peak Oil, combined with Climate Change and Global Economic Instability are the threats that Transition Towns was formed to mitigate.
Just to weave the climate change and peak oil situations together...
Transition Towns help us navigate this inevitable shift to a post-carbon world, in a way that's effective, collaborative, and proactive.
For some simple Peak Oil introduction videos watch:
http://www.youtube.com/watch?v=kEFpRQj0nbE&feature (2 min)
http://www.youtube.com/watch?v=cwNgNyiXPLk&feature (18 min)