A Crude Awakening: The Oil Crash (2006)

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crude_awakening.pngMarissa and I watched "A Crude Awakening" last night via Apple's iTunes movie store. (It's quickly becoming apparent to me that downloading is so far superior to the NetFlix model it's not even funny. I'd rather watch what's available via download than pick from the broader NetFlix catalog but have to wait 2 days for it to arrive, and there's never an inventory issue.)

The movie is definitely worth watching, regardless of your view on the "peak oil" theory and/or climate change. Frankly it doesn't even touch on the environmental / "Inconvenient Truth" component of fossil fuel usage - it simply examines the history of production peaking in the US and other previous "oil center" nations and the reasons why the current leading producers have heavy incentives to overstate their reserves (and may be doing so by 100% or more of their actual remaining reserves.) It also touches on the immense economic implications this would have for the markets and world economies, both developed and developing -- the global economy is massively dependend on the availalability of cheap energy, especially for the transportation of raw and finished goods worldwide. There would also be huge implications for newer cities in the US and abroad that developed around the "car economy" - think anywhere but the East Coast and maybe Chicago, basically.

One of the best quotes: "...will my grandchildren know what it's like to fly in a airplane?"

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This page contains a single entry by Tom Karlo published on June 24, 2008 11:13 AM.

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