World scarcity of oil and gas creates chance to accelerate

World scarcity of oil and gas creates chance to accelerate response to climate change

by Press Release


Call for establishment of fossil fuel buyers' cartel

The recent peak in oil prices was due to the depletion of the world's reserves rather than temporary supply problems in a number of countries, Feasta, an Irish-based research organisation claimed at the COP-10 climate conference in Buenos Aires today. (Monday, December 13th)

"The climate change discussions taking place here are based on the assumption that there is plenty of oil and gas still available to power the world economy," Richard Douthwaite of Feasta said. "That's just not true. The world's production of oil is about as high as it will ever go and natural gas production will stop rising in the next ten years."

Almost half of all the easily-extractable oil on the plant had already been used and gas stocks were depleting fast, he said. As a result, the total amount of energy available from both fuels would decline after 2015 at about 2% a year, perhaps half the rate required to bring prevent a catastrophic climate change.

"The big problem is coal. There's plenty of that and it's a really dirty fuel. If we can stop coal production increasing to compensate for the reduced supplies of oil and gas, we will have taken a giant step towards solving the climate change problem," Douthwaite, an economist, said.

He was speaking at the launch of a Feasta document, The Three Crises: Oil Depletion, Climate Change and International Debt. This proposes the establishment of an international organisation to limit coal production and to allocate the remaining oil and gas supplies on a fair basis between the peoples of the world.

"We need to take action now because high oil and gas prices threaten to collapse the world economy and this would do serious damage to both energy producers and consumers" Douthwaite said...cont'd

http://energybulletin.net/3686.html

bush invading & occupying IRAQ, and using our troops to guard the Iraq & Afghanistan oil pipelines.

Watch out, Canada...you sit on the 3rd largest natural gas puddle in the world.

just harder to get at. And we already sell most of it to the US.

We'll take care of Bushy.

Iraq all over again, only a lot bigger and colder. :D

Who's guarding Canada?

oil industry knows; Bu$h & Co. picked the name to delight their friends in the oil industry. Proving once again that Rethugs are blatant criminals.

i said this is to secure our oil supply.

they KNOW this is true, but don't think we can handle the truth. the PNAC Straussians think we're sheep.

and they're not wrong; acknowledging the impending scarcity would destroy our fake economy utterly.

and OBL wins.

"....acknowledging the impending scarcity would destroy our fake economy utterly. and OBL wins. "


don't you think that scenario is a possibility anyway? I mean eventually more people (or as some say sheeple) will figure out the truth and their reaction will contribute to the downfall of an already fragile economy. Or do you think there is a different ending to this story?

but knowing it in your gut (which most americans already do) and doing anything about it it a tough one.

america is an ocean liner; it takes a long time to turn it around. unless there's an iceberg we'll ignore it

all OBL wants is for us to get the fuck out of arabia & leave them to stone their adulteresses to death in peace. and he knows that crippling our economy limits our global military reach.

America to form a Western trading block. Europe will also form a block as will Asia, the Middle East and Africa. That's IF and when the dust settles on the major global shift.