RICHARD HEINBERG

The "Peak Oil" concept -- that the world’s petroleum-production rate will soon reach its maximum and commence an inevitable decline, with negative economic consequences — has been around in scientifically articulated form at least since 1998; long enough to see it confirmed in significant ways.

The "normal" late-20th century economy of seemingly endless growth actually emerged from an aberrant set of conditions that cannot be perpetuated. That "normal" is gone. One way or another, a "new normal" will emerge to replace it. Can we build a different, more sustainable economy to replace the one now in tatters?

Silly me. Here I had thought that world leaders would want to keep their nations from collapsing. They must be working hard to prevent currency collapse, financial system collapse, food system collapse, social collapse, environmental collapse, and the onset of general, overwhelming misery—right? But no, that's not what the evidence suggests. Increasingly I am forced to conclude that the object of the game that world leaders are actually playing is not to avoid collapse; it's simply to postpone it a while so as to be the last nation to go down, so yours can have the chance to pick the others' carcasses before it meets the same fate.

It was the pivotal international conference of the new century. Tens of thousands showed up, including heads of state, officials at all levels of government, representatives of environmental organizations, and ordinary citizens from nearly 200 countries. Scientists had warned that, without a strong agreement to reduce carbon emissions, the consequences for civilization and the world's ecosystems would be cataclysmic.

Many energy experts, politicians on both sides of the aisle, and representatives of the coal industry agree on the need to spend billions to develop technologies to capture and store the carbon from burning coal, thus making coal "clean" from a climate standpoint.

At last we know...sort of. An article in the UK newspaper The Guardian for November 9, titled “Key Oil Figures Were Distorted by US Pressure, Says Whistleblower,” reveals what hundreds of analysts have been trying to convey to world leaders for years: The global oil supply situation is critical and getting worse, and vested interests are playing key roles in covering up this devastatingly inconvenient truth.

I’m happy to have the opportunity to spend the next few minutes sharing some personal thoughts on the subjects that bring us together for this excellent event—thoughts based on my experience, during the past few years, of trying to get the message of Peak Oil out to an ever-wider audience.

A couple of weeks ago Jerry Mander and I were discussing the best word to use in the heading for the back cover copy of a new short book being co-published by International Forum on Globalization and Post Carbon Institute, Searching for a Miracle: "Net Energy" and the Fate of Industrial Societies (I wrote the main text, Jerry wrote the Foreword). Jerry liked the word "conundrum," while I argued for "dilemma." We were in basic agreement, though, about a word we didn't want: "problem."

How secure is our civilization’s accumulated knowledge? It is a question that, in a fundamental sense, transcends many life-and-death concerns (threats of sickness, natural disaster, or military invasion) that prompt us collectively to spend fortunes on insurance, health care, and weaponry.

In his article in the New York Times September 24, “Oil Industry Sets a Brisk Pace of New Discoveries”, staff reporter Jad Mouawad cites oil discoveries totaling ten billion barrels for the first half of 2009. The Tiber field in the Gulf of Mexico alone accounts for four to six billion barrels of crude that may eventually find its way into the world oil system. Indeed, this year has seen discovery results that could end up being the best since 2000. But, the article notes, the new oil was expensive to find, it will be expensive to extract, and both exploration and production are only possible because of high levels of investment and sophisticated, expensive new technologies.