Peak Oil: Less for MoreOne of the most challenging puzzles facing conservationists and the world of tomorrow is peak oil. Peak oil is the term coined by M. King Hubber in 1955 and describes the theoretically predictable point (the peak of a standard bell curve) at which the world populace will have consumed more than half of its oil reserves. From that point on the world will be running on fumes as it searches frantically for the black gold that has sustained the global economy for almost a century.
Related to the peak oil theme is that of energy return on investment. When light, sweet crude was first discovered as a useful commodity, it was extremely cheap to amass and distribute, almost a 100:1 ratio. As oil reserves begin to run dry, the energy required to further search and excavate this beautiful commodity begins to exponentially increase, radically increasing prices and ultimately slowing down the economy worldwide. In a worst-case scenario, this would lead to massive resource wars. In a best-case scenario, this presents the ultimate opportunity to begin researching better, faster, and more efficient alternative sources of energy.
Conservationists have been warning for years that the day would soon come when the world would burst the oil bubble. It seemed like rain-dance logic at the time, but they were right. The day quickly approaches when a search for alternative sustainable energy will not only be morally acceptable, but far more profitable than its compressed fossil counterpart and absolutely necessary. Fortunately, there have been some companies who have had the foresight, the willingness, and the ability to pour money into research and development for long-term energy development. The most ironic player in the game would be that of BP, who was investing money long before their massive environmental blunder, but still managed to have their own Exxon mishap in the meantime.
In complete summation, the world energy crisis is arriving quickly and a little sooner than expected. There is still time to prepare for the catastrophe if action is taken now, but absolute diligence is require from here on out.