As we continue to be a fossil fuel dependant global society, the full impact of the fast encroaching “peak oil” crises is yet to be felt.
The development and the growth of our modern world has been totally reliant upon the burning of a non-renewable energy source that was created millions of years ago.
It is estimated that we have already used half of the worlds oil reserve in the past century. As the worlds population continues to expand exponentially, the demand for fossil fuels, oil and petroleum bi products increases alongside the growth.
Peak oil production is a term used to describe the point in time when the maximum rate of global oil extraction has been reached.
Many of the alternatives to fossil fuels as an energy source are still under developed, making them inefficient and not economically viable at this point in time.
We have become totally reliant on oil as an energy source to sustain our society. We use petroleum products to manufacture just about everything that we use. Massive amounts of oil are consumed for food production and it delivery to the stores.
Modern society will face a challenge in the coming decades that will go down in history as the biggest crises man has faced.
Many people turn a blind eye to the fact that peak oil is almost here and once it is reached we will see catastrophic changes to our opulent lifestyles.
Some of the biggest changes we will see as we approach peak oil include:
- Food shortages
- Electricity supply interruptions
- Massive unemployment
- Civil unrest
- Loss of essential services