This is a pretty important post from Matt Mushalik at Crude Oil Peak
If you haven’t been keeping up with oil production and decline scenarios, please read it and understand that we would be in real trouble in this country if there was another oil shock. With the problems in the Middle East, that could easily happen virtually overnight.
What would you do if there was an extended break in our oil supply? If there was no fuel at the pump? If supermarkets closed within a week or so because they couldn’t get deliveries? If this went on for months? Have you ever considered the possibility?
Our government is not preparing for such an eventuality. Even the American government, dumb as they are, keeps to the 90-day supply-in-reserve recommendation of the International Energy Agency. We’re a member nation and we refuse to do it.
His conclusion worries me :
The continuing talk of a global oil glut lulls Australian motorists to believe that everything is fine while actually this country’s petroleum stock holdings are minimal. When things go wrong in the Middle East no one will help Australia as IEA obligations have been wilfully ignored by both ALP and Coalition governments.
More links :
Oil is the life blood of our current way of life. Yes, we could scale down to a less energy consuming existence (after all, we lived without oil for thousands of years prior to its discovery), but it can’t be done overnight. We will have to one day, when the world runs out of oil. Do some research. Don’t be like the idiot hairdresser who used to cut my hair and told me (without any supporting facts) that he wasn’t worried because oil will last another 400 years!
How prepared are you? Your family & friends? Your neighbours? Sadly, there’s no-one of my immediate acquaintance who thinks this is serious and worthy of some sort of preparation.