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Peak Oil Matters

A fresh perspective on the concept of peak oil and the challenges we face

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Tag: Peak Oil

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Given what’s been happening with oil production in the past 18 months or so [duly acknowledging the impressive production gains leading up to that period], I find myself thinking that the near-total lack of preparation for a major energy upheaval is beyond surreal. It’s no different than reading the climate change assessments from scientists worldwide and then observing a collection of fact-averse “leaders” contorting reason and common sense into ideological fluff to avoid the psychological disruption of cognitive dissonance.

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The researchers found that being intolerant of ambiguity is associated with such conservative characteristics as unwavering certainty and strong loyalty to particular people and positions.
Conservatives don’t feel the need to jump through complex, intellectual hoops in order to understand or justify some of their positions. They are more comfortable seeing and stating things in black and white.…

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One might argue that statistics nearly two years old don’t tell much of a story, but it’s not the numbers in the following quote which matter so much as it is the underlying context and concerns. Those consideration won’t go away. [Production issues since this article was first published aren’t exactly changing the facts much, either.]

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Shaping our identity in large part by the groups we align ourselves with for emotional, psychological, cultural, and political reasons are powerful anchors—individually and collectively. All of us are much more inclined to seek out information and assurances which bolster who we believe ourselves to be rather than contemplate facts or assessments casting doubt about our choices and conclusions.

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U.S. crude oil production is falling because investments into shale oil production dried up as the price of crude oil fell below $60/bbl. Companies aren’t interested in putting new capital to work, and because these oil fields deplete, that means crude production is falling. Why is that significant? Because most of the world’s new oil production in the past 6 years has come from U.S. shale oil fields. It is hard to overstate the global importance of the new crude supply that came online in the U.S. since 2008

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According to system justification theory, our evaluations of social systems and institutions are influenced by epistemic needs to maintain a sense of certainty and stability, existential needs to feel safety and reassurance, and relational needs to affiliate with others who are part of the same social systems (_). These needs give rise to a motivation to perceive the system as fair, legitimate, beneficial, and stable, as well as the desire to maintain and protect the status quo (Citations in original).

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One day we will run out of oil, it is not today or tomorrow, but one day we will run out of oil and we have to leave oil before oil leaves us, and we have to prepare ourselves for that day. The earlier we start, the better, because all of our economic and social system is based on oil, so to change from that will take a lot of time and a lot of money and we should take this issue very seriously. [quoting Dr Fatih Birol, at that time the chief economist and now Executive Director at the International Energy Agency (IEA)] 

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Of course it’s threatening to think that our lifestyles, systems of governing, and capitalist processes themselves may all face drastic changes in the not-too-distant future because of the facts and reality of Peak Oil and climate change! I’m certainly not the poster-child for Peak Oil advocacy and lifestyles. I have a very nice, capitalist, well-to-do lifestyle. To hell with all of you, I don’t want MY life to change!

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[W]e have no replacement energy source that is as calorically dense as oil. It is simply not practical to replace oil as an energy source and maintain current energy demands.

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[S]o we have this physical constraint that’s coming because of Peak Oil. There’s nothing we’re going to do about it. We can’t out-clever that. It’s just a constraint, it’s a limitation, there it is. We could manage it well or we can manage it poorly, but it’s there. We have a political system that’s not really geared for the magnitude of the change that we’re seeing, so the most likely outcome is that we’re going to wait, we as a culture are going to wait until we’re forced to deal with this. That’s probably going to come with  disruptions….

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