We have another great presentation on the peak Oil subject, please notice the role of China and India in the coming future for the Energy Demand. We have passed the time for denial long time ago - next economic collapse due to the high price of Oil could be the last one.
"Ian Dunlop is Deputy Convener of the Australian Association for the Study of Peak Oil. Ian gave this talk at the 2011 Amplify Festival. The Amplify Festival is "an investment by AMP in its people, partners and customers. The programme is designed to engage heart and mind, logic and emotion, theory and practice, serious learning and fun."
The Emergency Transition to Global Sustainability is the greatest innovation wave in history, Australia just doesn't know it -- yet!Population growth, rapidly increasing consumption and short-termism are triggering the long-anticipated implosion of our conventional market economy -- the immediate symptoms are global warming, peak oil prices, food and water shortages and financial instability.Holistic solutions are essential, yet we still talk in silos, focused on the minutiae of carbon "taxes" and compensation, defending the status quo whilst ignoring the bigger picture. This is the greatest chance we have ever had to set the country on to a genuinely sustainable footing -- we should not waste it.Ian's talk explains how global sustainability connects with each and every one of us and explores how we can all contribute to this do or die scenario."
IEA: World Energy Outlook 2011: Crude could reach $150 and warns of Irreversible Climate Change in Five Years
"We are just coming out of the "Europe's End of The World" scenario, all world economies are on the edge of recession, but Oil is moving closer to $100 again. We have a very sobering reminder from IEA about the real issues behind all recent events in the financial markets. There is NOT enough Oil for everybody left, Peak Oil is all about the price and transportation is driving this demand with half of the global oil demand coming from China only. By 2015 more cars will be manufactured outside of OECD. Oil prices can go up to $150 by 2015 in the real terms and $176 in the nominal terms. It will be the major risk for the global economy. Time is to check your Lithium portfolio."