Tuesday, January 31, 2012

This Is What Peak Oil Looks Like

These things are related.

1. TheAtlanticWire: Suddenly, the United Arab Emirates Is Interested in Green Energy

2. ArsTechnica: We've hit "peak oil"; now comes permanent price volatility
Since 2005, the global production of oil has remained relatively flat, peaking in 2008 and declining since, even as demand for petroleum has continued to increase. The result has been wild fluctuations in the price of oil as small changes in demand set off large shocks in the system.

3. Total Vehicle Miles peaked in 2005 and have declined since then.
Federal Highway Administration