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Five Years July 20, 2007

Posted by Graham in : Peak Oil , trackback

With all the interest in the mainstream media being shown recently about peak oil it seems the world may be finally waking up to the realities of the limits to growth and the beginnings of the end of the industrial cycle.
The big news has been the InternationalEnergy Agency’s report last week admitting that there may be a serious oil production crunch within the next 5 years, raising eyebrows around the world as this represents an astonishing about-turn on their stance of the past 30 years which has been to simply assert that whatever the world demands, so shall we be supplied.

Another aspect of this has been highlighted by James Kunstler concerning the crises developing in the five principle oil-exporting areas of Saudi Arabia, Iran, the North Sea, Russia and Venezuela: it seems that they will have far less to export in the near future. The declines in exports will decline far faster than actual production declines because of a rapidly growing domestic markets. In other words, the main oil producing regions of the world are using far more of the stuff themselves, so there will be less for the rest of us. This is likely to unfold also on a shockingly short time-scale- just a few years. Kunstler concludes:

“Every day thousands of new driver’s licenses are issued to Saudi Arabian men. Every day, thousands of new cars are sold in Russia (and China and India). Every day the price of crude oil on the futures markets creeps a few cents higher. Every day the US version of “money” (the dollar) loses a few clicks of value against other world currencies. The markets and the American public are headed for a collision with reality. When it happens, perhaps this fall, it is not going to be pretty.”

Ireland, remember, is considered at least as exposed to oil shortages as the US. This doesnt mean that we may still have five years to hope for something else to happen; it means we have really very little time to prepare for the inevitable: real shortages, rationing and severe economic slump. It is really time to gather your family friends and community around you and have serious discussions about how you are going to pay the mortgage, whether you will still have a job or not, and how are you going to get to see the grandparents/grandchildren once air travel becomes prohibitively expensive.

We will not simply carry on roughly as we have been up till now and then in five years’ time suddenly- Wham! -no more oil. The slide into economic recession and then depression is starting now and will merely gather pace as time goes on, with likely abrupt disruptions. Anything you can do to prepare for a time in the not-to-distant future in which we will be relatively poor and thrown back to a large degree on our own resources should be commenced now. Where can you start a garden? Have you space to store food? Have you any back-up power system for essential lights?

Become aware of the “embodied energy” in everything you might need: what has high fossil-fuel content, either in the materials used or the energy needed to create it and transport it to your door? Spend wisely now on infrastructure that will last and save you energy in the long run, like insulation and a suitable stove; avoid systems that will depend always on imports, even if they appear to be part of a self-sufficient system.(One that is often missed, for example, is imported feed for chickens and other animals.)

If you are preparing well, there is much to look forward to in the future low-energy world, but we should avoid romantic projections also: the future will be hard. So much that we take for granted is performed for us by cheap energy, and few of us have actually experienced life for any length of time without the back-up systems that the fossil-fuel society provides. So I don’t go along with the “bring it on” response that many people give me when I speak of this. We need to be prepared for things to be much harder than we expect, and in many unexpected ways.

Any spare cash you have now, invest it in anything that may help you ride the coming hard times. As far as possible, limit your needs and requirements- the Buddhists have it right: the simple life is the best. “Hedonism” has become synonymous with excessive self-indulgent consumerism, and the pursuit of endless pleasures of the material world, but in fact the philosophy of the original Hedon was quite the reverse: Hedon believed that the key to happiness was not the pursuit of pleasure, but the avoidance of pain. Therefore, he concluded, the fewer possessions and attachments we have, the less active and engaged with the material world we are, the less pain we will create, the more at peace with ourselves and the rest of nature we will be.

This has greater relevance today, as “less is more” becomes the motto for the coming times: less consumerism means less pollution and environmental destruction; less economic growth will mean less stress and waste.

So as the meditation teacher has said, “Don’t just do something- Sit there”.

But make sure you have a functioning permaculture system well established first.

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