When Fossil Fuels Go Extinct

How Alaska should plan for the peak oil, which includes building an All-Alasak gas line from the North Slope.

Published: 26-May-2005

LLA - Perhaps Chicken Little should have looked down instead of up: to the peak and subsequent decline of global oil and gas production.

The U.S. Department of Energy predicts demand to rise around 2 percent a year, which means that "soon," it says, we're going to have less than we need. When will production peak? And what do we do about it?

"Soon" means somewhere between Thanksgiving this year and a few decades from now, depending on whom you ask, according to Scott Waterman, director of the state energy efficiency program at the Alaska Housing Finance Corp., who gave a talk Friday evening on the whys and what-nows of the problem known as Peak Oil.

Getting the date right is deeply important, according to a March report prepared for DOE by a team from Science Applications International Corp.


Visits to China, India, Malaysia and Pakistan are significant because the trip spells out the Saudi Kingdom's Look East policy, representing a new reorientation in its foreign policy that was heavily tilted toward the West.

The worst two scenarios suggest a drastic decline in output to 875,000 barrels a day by the end of 2007 and to just 520,000 a day by the end of 2008.

Bush said he envisioned a future in which a plug-in hybrid car could drive 40 miles on a lithium-ion battery, then stop at a filling station for ethanol, a fuel usually made from corn, similar to HyMotion Prius pictured below.


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