Record Oil Prices

Oil at record prices will engender a shift to new economic opportunities.

Well those of us who have been talking about peak oil for the past four or five years seem to have been somewhat vindicated with the rise of the oil price today to a new record level of over US$85 per barrel. Needless to say this rise is linked again to geopolitical issues, in this case Turkish intervention in the Iraqi Kurdish enclave.

However the reality is that oil is inevitably going to tick its way up to the US$100 dollar per barrel mark and then shift on to further stratospheric prices. This will of course make two things happen; first, it will force a far wider sector of the population to re-evaluate how over reliant we are on oil and fossil fuels generally. Secondly and more importantly this rise will force us to shift towards both conserving energy and on finding new ways to power our world.

It is the latter spin-off that bodes well for us. We know we must reduce fossil fuel outputs and only the idiot puppet boy king bush two, strings pulled by dickhead the chicanery and their twisted kin will continue to insist it is their right to remove mountain tops to mine ‘environmentally friendly coal’ and continue business as usual by pumping out CO2 at whatever volume makes them and the cronies that employ them rich while it impoverishes us and the world.

Well, these guys are so stupid that if you hit them over the head with a plank the net result would be that the plank would get damaged and nothing else would happen. Their insistence that to reduce CO2 emissions would damage the American way of life and would impact on their threatened economic growth is bovine excrement.

If we – and they – instead put some serious effort into novel methods of transportation, of energy creation, generation and storage – there would come a growing realisation that this opens up massive new opportunities to grow the economy, to create ways to get people working on projects we can all believe in.

So perhaps this approaching crunch time will open eyes to new possibilities and new realms of growth. As I have said elsewhere on this website – we certainly cannot do worse than we are at the moment. So let’s get to try out new and better ways of doing things. Lots of other people already can see this future, we just need to mainstream it.

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