I've found this thread to be... interesting. Infact; although I've been reading through the forums for some time, this is the one topic that has made me register just so I could reply to it. And, although I have alot to say, I'm going to focus on one point, partially addressed by GrowlersAtSea. Here we go:
I'm currently in the process of writting a small paper (about 25-40 pages) to present at a comunity assembly in June, and it relates to the Fossil Fuel dependant economy we now have. Let me clear some things up: firstly, oil and natural gas are not going to run out in the next five years. Ignore what people tell you, there will be some left for atleast a decade to come. HOWEVER: there is what we call "easy oil", which will, for the purpose of this post, be defined loosely as oil that takes less energy to mine and refine than the overall energy gained by gaining access to said oil. Easy oil is running out. Prices will go up. Things will happen. They will include:
- revealing the true price of Fossil Fuels. For a long time, oil and gas have been sold cheaply, thanks to tax-cuts, reductions and what you can generally refer to as "breaks" for the oil/gas companies. If these "breaks" were to suddenly disappear, companies would raise prices because otherwise, they would be losing money.
- Food prices will skyrocket. What does this have to do with Oil/Natural gas? Many of you may not know, but in the 1960s, with the introduction of the Green Revolution, many types of fertilisers and insecticides were added to food production at farms across the globe, effectivly doubling (and then some) the yield of their crops. What were these fertilisers and insecticides made from? You guessed it, oil and natural gas. With no cheap oil/gas, there's no cheap fertiliser/insecticide. With no cheap F&I, there's no cheap corn/wheat. With no cheap corn/wheat for Feed, meat and animal products will also skyrocket.
- Transportation will change. Nobody can predict exactly how, but it could vary anywhere from sudden drops in car-usage to introduction of cheap electrical vehicals. With lack of fuel, people will lose their ability to easily (and cheaply) travel. What are we doing to solve this? We, believe it or not, are throwing our remaining food at the issue. Yes, we have come up with Biofuels. They are "renewable" and "efficient", but really, the corn used to make the majority of Biofuel is USING FOSSIL FUELS.
Ultimatly, we're facing a major crisis. When fuels hit sky-high prices, so will everything else, except of course your wages. There are a few wholes in this post, due to me writting this down at 1am, but I'd be happy to reply to anything related.