~ Production peaked in the US decades ago, and the global peak is happening now, if it hasn't already. The transition to a new energy economy must happen because our ability to produce fresh supply will decline, even as economic development quickens throughout the developing world, boosting demand. There are other reasons too: climate change, energy security, and addressing energy poverty, the root of poverty generally throughout the world.
Making the transition is an urgent need:
The most critical question is how much time we have to make the transition. A fully equipped hospital with on-duty surgeons and staff may be the ideal technology for a critically injured patient. But they mean little to such a patient if we are in the position of having to build the hospital and train the surgeons and staff before administering treatment. I think this analogy aptly describes our current predicament. If you miscalculate concerning the time question, it will not matter how clever human beings are.Our Earth, the patient, suffers from a growing number and severity of injuries. Delivering the cure will take substantial time and investment. What are we waiting for?
This is a repost from my earlier blog of 4/27/10.