@BrightNoon,
BrightNoon wrote:According to most analyses, from within and without the petroleum Industry, the world supply of oil, relative consumption, will effectively peak in the next decade. What does this mean? If demand exceeds supply, someone will neccessarily have to go without. The issue is who?
The issue isn't who goes without. The issue is the consequences for mass society once it is depleted., which it will soon enough. The reason is simple and unavoidable. There is an insatiable and unlimited amount of demand, and a finite amount of supply. Even if large petroleum reserves can be located (the chances of which are incredibly small, because all other reserves in the world were depleted in the 20th century). Right now, the western world (and the eastern world by consequence) is dependant on incredibly unstable and dangerous parts of the world to provide them with the single most important resource to our society and our economy.
As you would have witnessed recently and should understand, what happens to America economically will send shockwaves throughout the world economies and vice versa.
Here is the problem. Without oil, our huge populations would pummel into the ground. As I understand, that's not necessarily such a bad thing, in view of the various other problems attached to the size of our society. Estimations I've encountered say that world population could drop to one billion. My personal opinion is that is a fairly optimistic estimation.
So, even if we could get our hands on middle eastern oil, cheap, hassle free, the fact of the matter is, that it is a non renewable source and because of our unlimited demand, it will run out at some point. Within the following decade of date x (the date it runs out) some very serious problems will develop for mass society. Oil doesn't just fuel our cars. It operates machinery in factories. It operates farming machines. Starvation is the consequence. So, the switch to green energy has to happen anyway, independant of any Global Warming crisis (which I personally believe is a far bigger problem than this)
BrightNoon wrote:
Some nations will be priced out, most likely the relatively undeveloped countries in which automotive transportation is not really essential.
Yes, for many communities around the world, they have learnt to live without oil (or posisbly never learnt to live with it aha). But these people represent a small percentage. I say congratulations to them. The masses, the millions are who are going to perish.
BrightNoon wrote:
However, when there is not enough oil to satisfy even the industrialized nations, which totally depend on oil not only for transportation, but for farming, various chemicals industries, etc., how will they likely respond? Obviously, war is a possiblity; they have been fought for far less in the past.
War? Well, we've all seen that behind every war in history, the underlying reason is 95% of the time economic. But what is to be gained from war here? If country A has no petroleum, then going to war with country B, who also has no petroleum is senseless. Besides, war costs lots of money and consumes plenty of petroleum.
The real result is breakdown of centralised government. People get angry and become anarchists. This is a much more likely result.
BrightNoon wrote:
Of course, access to petroleum itelf is not the only issue. Most of the world's food is grown using modern farming methods that require enormous amounts of gas. If the amount of surplus food suddenly decreases as a result of peak oil, the poor around the world will starve, lamentable in itself, causing instabilities that could lead to conflict over scarce resoures.
Oh yeah. Hit the nail right on the head man. Initially the poor would suffer the worst, but soon enough they're all the same starving degenerates. It doesn't matter really how much money you have in the bank account soon enough.
BrightNoon wrote:
China comes to mind. The economy of that nation is being built, with questionable logic by the central planners, on the western model: i.e. dependent on cheap petroleum. What is unique about China is that the ruling party's legitmacy is intimately assosciated with rapid economic progress. If this were suddenly to halt or risk collapse, would that ruling party push the country into war, either to acquire access to oil or simply as a distraction, as so many authoritarian regimes have done in the past?
Japan comes to mind. Exact same scenario. The result was fairly explosive.
BrightNoon wrote:
And so, after all that, which you might justly consider paranoia, my question is basically this; in light of the threat of peak oil, and of the general decline in American economic might relative the rest of the world (not to mention the current U.S. crisis), what do think the world will look like in a decade or two? If American hegemony fails, as appears inevitable, what will be its replacement?