Perceptions by Gerry
Warner
The clock is
ticking!
No,
I’m not talking about the Doomsday Clock, which measures how close the world is
to nuclear catastrophe. Nor am I talking about that annoying electronic or
mechanical contrivance you have at your bedside that jolts you every morning
into facing another day.
The
“something” I’m talking about is much more serious than
any of these. Indeed it’s a “something” that drives every aspect of our lives
as well as world politics, the economy, our climate and the very viability of
our industrial civilization. It’s also our greatest addiction and we’re
becoming more hooked all the time even though the supply is steadily decreasing
even as our need becomes greater and greater.
You
know what I’m talking about because you
use it every day even though you may seldom think about it. But you’ll be
thinking about it more in the near future as the clock continues to tick down
and we haven’t yet found a viable
alternative to our addiction to oil.
Is
addiction too strong of a word? Well, consider this. Global oil consumption in
2010 (the latest statistic) stood at almost 85 million barrels-a-day. That’s
“barrels,” not gallons and every day we use more. (40,000 gallons-a-second) How
long can the planet sustain this thirst? That’s where, pardon the pun, sparks
begin to fly because some, often think tanks supported by oil companies, claim
there are many new reserves to be tapped in shale beds, under the ocean and
beneath the rapidly melting arctic ice.
And
there’s undoubtedly some truth to this, but it isn’t the whole story because
there’s a great difference between reserves and “economically accessible
reserves.” Much of the oil being counted on in the future is just too expensive
to pump or frack out of the ground, to bring up from the ocean floor or get out
from under the ice. In fact, according to Alex
Kuhlman, a University of Amsterdam economist and internationally recognized oil
expert and author of “The Peak Oil
Survival Guide” it may already be too late. “Oil is now being consumed four times faster
than it is being discovered, and the situation is becoming critical.”
Kuhlman
points out that oil production has already peaked in 33 out of 48 countries
producing it including Kuwait, Russia and Mexico. As for Canada’s vaunted oil
sands, they are barely feasible even now because for every three barrels of
crude the tar sands produce it takes the equivalent of two barrels of oil
energy (usually natural gas) to produce enough heat to process the oil. And
when you consider the political battle
going on now over the proposed Enbridge oil pipeline to the West Coast and the
need for more oil tankers to carry the dangerous black liquid down the coast,
the oil sands become even less viable.
Kuhlman puts
it this way. “The world is not running out of oil itself, but rather its
ability to produce high quality, cheap and economically extractable oil on
demand . . . . “ The Stone Age did not end because of lack of stones and the
Oil Age won’t end because of lack of oil. The issue is lack of further growth.”
Worldwide
discovery of oil peaked in 1964 and has been falling ever since. Since 1981,
we’ve been consuming more oil than we’ve been discovering and it’s
now widely acknowledged by the world's leading petroleum geologists that more
than 95 percent of all recoverable oil has been found, says Kuhlman.
Truth to say, there are those who claim the notion of peak oil is
a “myth.” Then again, the same thing is often said about climate change as the
world’s glaciers inexorably melt under that warm cloud of green-house gases
that our consumption of oil contributes so mightily to.
But there are no easy answers to this conundrum. Oil has given
large parts of the world, especially the West, the highest standard of living
in history. Nobody should be under any illusions that people will part with our
high standard of living easily. Even if a world-wide consensus developed
overnight to move away from oil (highly unlikely) it would take at least a
generation to wean us off the magic
hydrocarbon and all the infrastructure that goes with it.
But we better get started now because as the U.K Energy Research
Centre says: “A global peak is inevitable. The timing is uncertain, but the
window is rapidly narrowing.”
Anyone out there want to buy a used SUV?
Gerry Warner
is a retired journalist and Cranbrook City Councillor. His views are his own
and he does not speak for Council.
For years, we have been pretending to grow our economy by plundering our children's share of the resources, lowering taxes to make everyone's bottom line look better and borrowing billions, annually, to make up for the government deficits. Such behaviour is not healthy economic practice; it is more like a Ponzi Scheme. If we really want to grow our economy in a more sustainable way, creating value added products out of our limited natural resources, ourselves, would be more sensible than finding ways to export raw resources faster.
ReplyDeleteFrank Hastings