• Supplies of conventional oil peaked in 2005 and that “the game is over”.

• Crude oil supplies are currently declining at over 9% per year and that this is structural.

• The prospects of finding more oil are negligible.

• Peak Oil Will Dwarf Financial Crunch Soon.

• This is frightening, there is real urgency to find alternatives and time is short!

• We need transition to new sustainable ways of doing business and living.

• Governments are ill equipped to respond quickly to achieve changes on such a global scale.

• We have less than 10 yrs to implement change enable their rapid transition to sustainable ways of doing business and living before we feel the effect of the energy crisis.

The key Survival Objectives

• Zero greenhouse gases emissions (GHG), i.e. phasing out as rapidly as possible all fossil fuels, beginning with coal, then oil then natural gas, and beginning right now;

• Bring back CO2 levels in the atmosphere to at least below the 350 ppm level and preferably to pre-Industrial Revolutions level;

• Cool the planet by at least 0.3^oC (to compensate for the loss of the present cooling effect of aerosol pollutants that will be eliminated by the above policies);

• Achieve high net energy supplies from solar energy sources;

• Eliminate waste of material resources and achieve over 90% recycling of all materials; and

• Achieve global sustainable farming, forestry and fisheries.

The above objectives do force a transition to new sustainable ways of doing business and living. Right at the forefront they require a complete re-engineering of all information, communications, energy and transport infrastructures in record time.

‘Peak Oil’ is the biggest threats to a sustainable economic recovery.
According to the BP Statistical Review of World Energy, out of the 54 oil producing nations and regions in the world, only 14 are still increasing production. Alarmingly, 30 oil producing nations and regions are definitely past their peak output and the remaining 10 appear to have modestly declining production rates. Put another way, when weighted by production, ‘Peak Oil’ is already a grim reality in 61% of the oil producing world!

Global crude oil production has probably peaked, New discoveries have dried up There is a shortage of capital for investment purposes Accordingly, I suggest that all my readers allocate a meaningful proportion of their investment portfolio to upstream energy companies and to businesses in the energy services sector. Source