Re: John Titor Update: Exclusive Report! 2005!
JT: "The people who understand what they are seeing are not aggressive."
Peak Oil in 2005.
http://www.evworld.com/view.cfm?section=communique&newsid=8665
Now we are faced with the global oil-production peak. The best
estimates of when this will actually happen have been somewhere
between now and 2010. In 2004, however, after demand from burgeoning
China and India shot up, and revelations that Shell Oil wildly
misstated its reserves, and Saudi Arabia proved incapable of goosing
up its production despite promises to do so,
the most knowledgeable
experts revised their predictions and now concur that 2005 is apt to
be the year of all-time global peak production.
It will change everything about how we live.
To aggravate matters, American natural-gas production is also
declining, at five percent a year, despite frenetic new drilling, and
with the potential of much steeper declines ahead. Because of the oil
crises of the 1970s, the nuclear-plant disasters at Three Mile Island
and Chernobyl and the acid-rain problem, the U.S. chose to make gas
its first choice for electric-power generation. The result was that
just about every power plant built after 1980 has to run on gas. Half
the homes in America are heated with gas. To further complicate
matters, gas isn't easy to import. Here in North America, it is
distributed through a vast pipeline network. Gas imported from
overseas would have to be compressed at minus-260 degrees Fahrenheit
in pressurized tanker ships and unloaded (re-gasified) at special
terminals, of which few exist in America. Moreover, the first
attempts to site new terminals have met furious opposition because
they are such ripe targets for terrorism.
Some other things about the global energy predicament are poorly
understood by the public and even our leaders. This is going to be a
permanent energy crisis, and these energy problems will synergize
with the disruptions of climate change, epidemic disease and
population overshoot to produce higher orders of trouble.
We will have to accommodate ourselves to fundamentally changed
conditions.
Read more at:
http://www.evworld.com/view.cfm?section=communique&newsid=8665