The ABC’s Catalyst is a regular part of my (limited) TV viewing and last night’s programme was exceptionally good, tackling an important subject intelligently and entertainingly.
The topic? Peak Oil, the idea that global oil production has to decline after all the easily-extractable oil is exploited. Some experts think the peak was in 2006, others claim we haven’t reached it yet, but the consequences are going to be challenging either way: much higher oil prices forcing enormous economic, and hence social, changes. (Did someone say ‘collapse’?) Continue reading “The oil crunch”