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Greetings!
Have you heard of the term Peak Oil? If not pay attention, for I believe this is the single most important issue of our time. It affects every business and every human being alive today certainly in the western world. However outside of the environmental movement I don't believe many people are familiar with the term.
Peak Oil is the theory that we are reaching the peak of global oil production, I would argue that we have actually gone past it. For as we approach and then crest the summit so fuel prices start to become more volatile and can increase very rapidly.
If you are a business or a home owner you need to be aware of this now, the increase in food and fuel prices (either transport or domestic) will continue to rise, this is not a passing phase. Every household, company or organisation needs to be aware of how vulnerable it is to continued oil price increases and what affect this has on related products, transporting goods from all over the world etc. Peak Oil can explain why foreign policy has been the way it has been over recent years, as when you read between the lines, all evidence would suggest that Peak Oil is indeed happening now.
There is hope however, hence this piece is written on Feel Good Friday, beyond oil we can hope for more resilient communities and economies, friendlier people, more engaged staff, inspiring companies and sustainable practices, if we all start to become more creative, innovative and productive in our approach to life and work and realise our true potential as human beings..
Please read on for more on Peak Oil or watch today's video for further inspiration.
Have a great weekend.
Kind regards
Simon
Set Your Spirit Free
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Peak Oil
How vulnerable are you to fuel price increases?
In 1970 Dr M King Hubert first published the theory of Peak Oil he told the American press at the time that as a country they were reaching the peak of their oil production, although he was positively laughed at there and then, in later years he was indeed proved to be correct.
He based his theory on roughly a 40 year time lag between peak discovery and peak production, stating that it didn't matter how much technology improved or drilling methods changed, the result was still the same, the time span remained constant. He had deduced that US oil discovery had peaked in 1930 therefore it was reasonable to presume 1970 would be where the US maximized its capacity in oil production.
With his same thinking he also deduced that global oil discovery peaked around 1970, so hence today...... oh dear, I think we maybe peaking and therefore very soon declining. Big problems for households and industry!!
Now it is not the fact that oil is running out that is the problem, there will always be oil in the ground, its just the fact that the age of cheap oil has gone. The easily extractable, more plentiful stuff.
All the way up to peak, supply matches demand, but when peak is reached demand then starts to outstrip supply and hence the prices start to rise rapidly. Oil will continue to be extracted but at a higher and higher cost until such a time where it takes a barrel of oil in fuel to get a barrel of oil out of the ground then production will cease with oil still remaining within the Earth, it just won't be economically viable to get it out.
Unfortunately for us there is nothing as rich in energy as oil or as efficient as a fuel source or with its multiplicity of use and so it will prove difficult to replace. Other fossil fuels such as coal could be used but bring with them more carbon emissions. Nuclear as we have seen recently has its own hazards and without oil to create the concrete to bury the radioactive waste, it begs the question what will we do with the fuel cells when they come to the end of their lifespan. Peak Uranium is rapidly approaching too.
Biofuels too bring a cost to other species and the environment and soon we shall have to decide as to whether we will have to plant our fields for food or fuel. Solar, wind and wave seem the best options but they too will have to be massively increased to even get close to what we have been able to produce with oil and that doesn't account for the oil needed to build them and maintain them. One thing is for sure as oil declines we shall have to increase our responsibility in managing its use.
Any companies or households, even societies dependent on oil as a fuel source or in the manufacture of its products and building constructs faces an uncertain future and needs to think of alternatives immediately, more sustainable alternatives. For it is clear that Peak Oil plus Climate Change does not equal business as usual.
Our future lies in creating more resilient, sustainable and local communities and economies, getting back in touch with nature and the people we live and work with and how best we can serve each other with more fairness and justice for all.
To find out what you need to do now as an individual or a business to start to put this in place and be coached through the necessary transition why not contact me now.
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About Set Your Spirit Free
Set Your Spirit Free is a Life, Business and Leadership Coaching company that aims to inspire all of us towards a more authentic and sustainable way of living and working, that is more true to our nature, both inner and outer. Helping us all to find our life's purpose and then come together with others to form common purposes within more inspiring organisations. Enhancing our community, ensuring our environment and enlivening our spirits in the process. I believe we are entering unprecedented times where the combination of various economic, environmental and social crisis are forcing us to think very differently about how we exist more authentically and sustainably. The solutions to these problems lie with more and more of us being aware of how we can uniquely contribute through our own life's purpose. I wish to help as many people as I can through all of my skills, who are already attempting to embrace this new way of living and working, or would like to, and wish to discover how their own unique products and services can help. To find out more about my work, research my website here or to see how I might be able to help you in particular contact me now.
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Inspirational Video
 | | In Transition Part 1 of 6 |
See how communities all over the world are coming together to create solutions to the challenges being faced with by Peak Oil. Business and how it is conducted is one of the major things that needs to be changed if the necessary transition is to be completed to create a more sustainable future for us all!
See today's video as more and more of us need to be aware of just what is needed to change.
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