The Decline Of Oil
Written on Aug 20th, 2009
I was just sitting here, watching a bit of Lost on the DVD player and also doing a bit of research. Like most evenings, I usually wind down my evening by reading about the state of the world, or sometimes about the latest technology. I came across this interesting article about how the US Navy is toying with the idea of turning seawater into Jet Fuel. The reason they are considering this is because the United State’s oil production is on the downward slide. In fact, the United States reached peak oil production sometime in the 1970s I believe. Of the 30 or so countries that produce significant quantities of oil, approximately 20 of them have reached peak oil, and are now declining. What that means is that sometime soon (probably within 10 or 20 years), the world’s global oil product will peak, and begin declining. If our current energy […]
