You might want to tune in for a peak oil documentary on the History Channel next Tuesday night. This might be the first time that a real peak oil documentary has made it to a mainstream cable channel.
What Happens When Demand for Oil Outstrips Supply? … and There’s No ‘Plan B’
Source: PRNewswire PRESS RELEASE
Publication date: 2007-11-07
LOS ANGELES, Nov. 7 /PRNewswire/ — This week, the price of crude oil is trading at a shocking $96 a barrel. By year’s end, analysts predict petroleum will reach $100. And it’s not going to stop there. The world we’ve created runs on oil. But energy experts say the world is running out of oil. Much faster than previously thought. Demand will continue to outpace supplies, shortages are inevitable, and the price will only continue to rise dramatically — causing a ripple effect of disastrous economic, social and political consequences.
On Tuesday night, November 13th, (at 11 p.m. EST/PST – 10 p.m. CST), the History Channel will present Megadisasters: Oil Apocalypse, a documentary that Los Angeles-based filmmaker Martin Kent is calling “a wake up call,” about the world’s energy crisis. “We can no longer count on getting all the gasoline we need — and there’s no plan B.”
By “plan B,” Kent is referring to a coordinated system of alternative energies laid out in his film, that could replace our addiction and dependence on oil, if society mobilizes quickly to make it happen. It’s long been known that oil is a finite, non-renewable resource, that pollutes the environment, and now mankind is coming to realize that it is also most likely causing climate change. With China and India rapidly industrializing, creating an energy-hungry middle class, demand for oil will increase from the world’s current consumption of 84 million barrels a day, to 100 million barrels within the next 5 years. Unfortunately, while oil producers and refiners are scrambling to develop new techniques and sources of production, as yet there are no sure means to meet the growing demand.
Oil Apocalypse presents a terrifying set of scenarios. True to the laws of supply and demand, we are fast approaching the breaking point, when the imbalance could destabilize the economies and infrastructures of virtually every nation on the planet. The worst-case scenario, say experts in the film, is a worldwide depression, which could lead to a world war. Still, they say it’s not too late. But we have to act fast. Says Kent: “My hope is that upon seeing this film, everyone will be inspired to become an energy activist — instead of sitting back and hoping that the scientists and leaders will somehow pull everything together and fix this in the eleventh hour. The time to act is now.”
Energy experts appearing on camera in Oil Apocalypse include authors Richard Heinberg, Matthew Simmons, David Goodstein, Kenneth Deffeyes, Michael Economides and Christine Woodside; Oppenheimer energy analyst Fadel Gheit, PFC Energy chairman J. Robinson West, RAND Corp.’s James Bartis and U.S. Congressman Roscoe Bartlett. Megadisasters: Oil Apocalypse is a Creative Differences, Inc. production.