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Power for the people : Comments
By Ian Lowe, published 11/7/2006Our energy use is equivalent to having forty human slaves working for us in shifts.
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This peak oil scenario is likely to be devastating to us in Australia (and around the world) in the very short term. If prices rise to $2 this year and $5 by 2010, or anything like that, basic economics at all levels from families to the whole nation are going to start failing.
Mass unemployment, chronic inflation, gross inequality and massive civil strife could easily result.
The single most important thing in Australian politics right now has got to be peak oil. We are so fundamentally dependent on liquid fossil fuels that this issue really does have the power to tear our society apart and destroy life as we know it.
I have long thought that our society (and the world) will reach thecrunch point in about 2012, after which the vast majority of us (that survive) will be living a third-world more or less subsistence type of life. This prediction is looking better all the time