Monday, June 26

grow food at home

The maturation of Matt Simmons, energy-industry investment banker and peak oil guru

Source and entire article


"Maybe the enemy is us... Grow food at home." - Matthew R. Simmons, June 20, 2004, at the Pentagon-sponsored seminar series Energy: A Conversation About Our National Addiction


It does not take long for people who study peak oil to see some heavy implications of the end of abundant oil. After a while some of the more realistic probabilities become clear and often become one's main topic of conversation.

The possibilities, dangers and opportunities start motivating one to change his or her life.
But it takes more than the few years that most students of peak oil today have under their belts for the stark picture to come into clear focus. It helps if one has grounding in the petroleum industry, but it's all too rare; people in extractive industries seldom seem to show they care for the greater welfare of the world. And those who don't want to believe there is now - or soon will be - an historic crisis regarding the peaking of world oil extraction are often 100% wedded to the status quo. It is left, then, for many a non petroleum professional to hold forth and help lead us...

...Matt Simmons is a man who has reflected on the waste of energy that ordinarily would be delightful for any businessman in energy. But he wryly complains of "blueberries in Maine imported from Chile even during blueberry season." Likewise for the nation’s infrastructure: "You can tear up the roads," he said, to stop the wasteful trucking and start barging on water, to save 35 times as much energy. He mentions rail also as a major replacement for our highways, as freight by rail saves 8 times the energy. He would know, however, that today’s volume of trade cannot fit on existing railcars and barges, and that there’s little likelihood that the nation’s infrastructure can change quickly enough for the peak oil timetable...

...And when is peak? "Realistically, we’re probably at peak now. If not, production will fall faster later" as a result of rising demand. This definitive conclusion is from a data specialist on the main assets of the petroleum industry: reserves and the whole industry’s ability to extract, refine and distribute at a profit. He is not surprised that peak is here, nor that we are caught unprepared. He offers his audiences instances of the public and leaders ignoring past warnings, such as M. King Hubbert’s on the peaking of domestic and global oil extraction...

...Given what Simmons knows, and speaking to a largely Pentagon audience sprinkled with Republicans from Capitol Hill, it was surprising to hear him confidently inform us that "A call to arms may be wrong. We may not even know who the enemy is. And maybe the enemy is us." In Simmons’ PowerPoint presentation he refers to "phony wars."...

...He concluded, "Grow food at home."

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