Crude oil is the one single commodity that allows us to live our lives like we do. It enables us to travel vast distances cheaply and quickly, buy all sorts of foods from all sorts of places at any time of day or night and has a thousands of other uses. What is worrying then, is that oil supply chains are going to change rapidly very soon.
Up until now the world production of oil has continued growing at a steady pace, ever since the industrial revolution. But we are now very, very close to a very interesting point in time, known as peak oil. This is the point where oil production reaches the highest point it will ever reach. Yes, ever.
Beyond this point oil production will steadily decline. It won't run out in a hurry, but the energy needed to extract what's left under the ground will constantly increase, so the net energy gain decreases. Add to this the increased demand for oil from newly industrialised countries and...well, it doesn't take an expert to realise that the price of oil is only going to go one way.
Peak oil is a very important to understand as its going to affect our lives hugely over the next few years. Just think how less oil will affect your life and society at large. The implications are massive. And there is simply nothing else as cheap, easy to use or move as oil.
Come along to our next free film showing to learn more about peak oil. It's happening tomorrow, Friday 4th April, The End of Suburbia starting at 7.30pm in the Old Wesleyan Chapel on St Mary's. Tea and cakes will be available again!