Cuba set out to address peak oil
, but happily there were indirect beneficial outcomes in diminished green house emissions (climate concern), a reconnection with natural systems and an understanding of the concepts of the "limits to growth" and long-term sustainability.
The essay also gives the misleading impression that concerns about Peak Oil
are a peculiarly American phenomenon.
Rob Hopkins' The Transitions Handbook (2008) is the Bible for towns and cities coping with the challenges of Peak Oil
and Climate Change.
The International Energy Agency (IEA) while confirming ample oil resources says: "A combination of sustained high prices and energy policies aimed at greater end-use efficiency and diversification in energy supplies might actually mean that peak oil
demand occurs in the future before the resource base is anything like exhausted."
And while environmental groups may take OPEC's statement as a confirmation that the group is acknowledging the threat which oil may pose to the environment and resignation that oil may be on its way out the door, it is important to point out that this particular forecast for peak oil
demand is one of a few, and is only considered a Plan B.
demand in cars slows the growth rate over the period," said the report.
During the last decade the alarums about the advent of peak oil
grew ever more frenzied.
The bank had earlier expected that the continuation of high oil prices above $100 per barrel since 2011 would result in peak oil
demand by 2025 as consumers moved to smaller and more fuel efficient cars.
Yes, there was a panic in 2008 when the price of oil shot to $147 per barrel and mainstream economists briefly took the peak oil
notion to heart.
Among the big energy stories of 2013, "peak oil
"--the once-popular notion that worldwide oil production would soon reach a maximum level and begin an irreversible decline--was thoroughly discredited.
The debate over whether climate change or peak oil
is more deserving of our attention, "Peak Oil--Are We There Yet?" (Winter 2014), strikes me as academic.