WEDNESDAY 08 SEPTEMBER, 2010 |
Peak Oil In 2010 - Leaked German Military Think Tank Report
A leaked report from a German military think tank predicts peak oil, the point
in time when global oil reserves deplete to the point that production gradually
begins to decline, may occur this year. On top of climate change challenges,
this event would trigger many threats; but also many opportunities for solar
According to an article published on German news site, Spiegel
, the study is an internal draft document from the Future Analysis
department of the Bundeswehr Transformation Center.
The think tank believes that peak oil occurring this year will see a serious
impact on security with 15 to 30 years; with oil exporting countries gaining
increasing power and massive market failures due to the relative scarcity of
The concept of Peak Oil was once disregarded by many, but increasing numbers of
scientists and politicians now believe it to be a reality. Last year, the
usually conservative International Energy Agency (IEA), sounded
that global oil production is likely to peak in around 10 years.
While transportation is a major consumer of oil, it's also used in a multitude
of other products. Petroleum and its by-products feature in everything from
fertiliser to food and plastics.
Solar power holds some answers for the transportation issue, in conjunction with
While it would be impractical to have solar
directly powering cars due to the surface area required to generate
enough electricity, the use of grid connected home
solar power systems
can provide a clean energy source for recharging.
A very recent example of this in action is the City Of Sydney's acquisition of a
- an electric car that will be recharged from the Sydney Town Hall's rooftop
Solar power recharged electric cars also offer another possibility - mains
grid energy storage
. Electric cars would take
electricity from the grid during low-demand periods, such as overnight, and send
electricity back into the grid at times of heavy demand.
A carbon-constrained, oil starved future also battling the effects of climate
change may sound like a disaster; but it might also herald a prosperous new age
for humanity; one run entirely on clean, renewable energy... but only if we move
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