Musical Chairs of our Children’s Resources

Musical Chairs of our Children’s Resources

Peak Oil occurs when worldwide production peaks and then decline at a similar rate to the rate of increase before the peak.
Peak Oil will cause a partial and lead to a complete failure of markets.
Peak Oil will be difficult to discern until production and markets clearly drop off and prices increase dramatically.
Peak Oil is inevitable and approximate to 2020. Blind Sight
Peak of oil discoveries occurred in 1965.
Peak oil production has surpassed oil discoveries every year since 1980.
The barrel of oil equivalent (BOE) is 5.8 × 106 BTU or 1.7 MWh.
The world will have to resurrect pre industrial revolution techniques in the absence of: Liquefied petroleum gas (LPG). Ethane (short-chain alkanes, butane, propane). Gasoline (Petrol). Diesel fuel (petrodiesel). Kerosene. Jet fuel. Petroleum coke (solid fuel). Fuel oils. Alkenes (all plastics). Lubricants (machine oils, motor oils, greases, and viscosity stabilizers). Paraffin wax (packaging of frozen foods, among others). Sulfur (industrial materials, sulfuric acid, batteries). Electrodes (rods, electrochemical cells). Bulk tar (most roofing materials). Asphalt (binder for gravel to concrete paving roads, lots, etc). Petrochemicals Agricultural (nearly all pesticides and most fertilizers). Petrochemicals Industrial (dyes, detergents, antiknock additives, oxygenates, and anti-fungal compounds). Petrochemicals Commercial (alpha-olefins, dienes, oleumls, elastomers, Kevlar, monomers, nylons, filter fibers, solvents surfactants, pharmaceuticals, etc).
There are a few extra problems for our children enhancing the global economic meltdown attributed to the escalating gas prices of Peak Oil.
Now 15 trillion debt / 90 million tax payers = ?
Projection 2020 25 trillion debt / 100 million tax payers = ?
Currently 80% depletion of minerals, drinking water, trees, rain forest, habitat, fish, animal and plant species, and all other natural resources.
Perhaps 2012 could be the year we wake up to the responsibility of our inevitable end of musical chairs where each generation is another musical verse and we continue the methodical theft of another chair of our children’s resources.
JimRaab

http://en.wikipedia.org/wiki/Peak_oil

http://www.usdebtclock.org/

http://www.taxfoundation.org/news/show/1410.html