(I added "Finally", because last year in this blog I had made a posting with similar title:End of Oil...
...Since then, the fact that we have "moved beyond the Oil Peak" is - finally - but gradually becoming a part of conventional wisdom).
In the last one month, two interesting events took place (not really mentioned - or debated - in the mainstream media):
[The text of the presentation is available at:
And a 45mb video of the same can be downloaded from: http://tinyurl.com/4c339 ]
What makes Congressman Bartlett's presentation important is that this is the first time ever anywhere in the world, a government representative (Bartlett was the Chairman of the Energy Subcommittee of Science) publicly acknowledged this possibility that the oil age is be ending
(though, in the scientific community, this has been a much discussed fact).
To be fair, there were others also, who have also been mentioning such an eventuality since some time. For example:
Lest one takes these publications as yet another Dooms-Day Prophesy, I am reproducing the graphs from the previous post, which tell their own stories:
In 1998, the price of a barrel of oil was US$18 - today, it hovers around US$55!!!