Richard Hienberg lays out the basics of Peak Oil, its implications and what we're doing about it. A three-part series based on interviewies conducted in April, 2006. Introduction updates program 1.
Produced by Tom Allen
By the spring of 2006 the price of oil had begun its relentless climb toward the peak of $147/barrel. That peak would sink the economy and send the price plunging back to $30/barrel. Subsequently the price recovered to $85/ barrel only to fall again. This is the price behavior students of peak oil had predicted when the world reaches the peak of procduction. Now constrained by energy resources, no amount of money from central banks can guraantee growth in the world economy. But more important, no amount of money thrown at exploration or extraction can guarantee growth in energy supplies. Heinberg and Allen discuss the implications not just for transportation but more importantly for agruculture. From the catistrophic blowout in the Gulf of Mexico we are beginning to see the lengths to which industry will go insure its survival regardless of threats to the planet. This is what the post-peak world looks like.
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