Future Chaos: There Is No “Plan B”
by Chris Martenson
Note: This article builds on my recent report Prediction: Things Will Unravel Faster Than You Think. It explores the coming energy crunch in more detail by looking at existing government planning and awareness, and the implications of what international recognition of peak oil as early as 2012 might mean.
The hard news is that there is no “Plan B”: the future is likely to be more chaotic than you probably think. This was the primary conclusion I came to after attending the most recent Association for the Study of Peal Oil & Gas (ASPO) in Washington DC in October, 2010.
The impact of peak oil on markets, lifestyles, and even national solvency deserves our very highest attention – but, it turns out, some important players seem to be paying no attention at all.
ASPO conferences tend to start early, end late, and be packed with more data and information than should be consumed in one sitting. Despite all this, I was riveted to my seat. This year’s usual constellation of excellent region-by-region analyses confirmed what past participants already knew: peak conventional oil arrived a few years ago and new fields, enhanced recovery techniques, and unconventional oil plays are barely going to keep up with demand over the next few years.