World is headed for an energy crisis

World is headed for an energy crisis

Venezuelan President Hugo Chavez on Saturday said the world was headed toward an energy crisis but said there was little chance of OPEC countries increasing production because they were near "the limit of their capacity."
"There is very little chance because nearly the whole world right now is producing petroleum at their maximum capacity. In Venezuela, for example, we can’t produce a single barrel more," Chavez told reporters in the central Spanish town of Salamanca where he is attending the 15th summit of leaders from Spanish-and Portuguese-speaking countries.

In the last little while I’ve run in to people who question whether the EnergyStar rating actually means something or whether our Toyota Echo really gets 41 mpg (US). Yes these things make a difference and if we are really upset at the oil and gas companies it is time to start changing our lifestyle. We have almost reached the point where world demand for oil has exceeded capacity.   The price will only go up from here.  Most Canadians should look at high efficiency furnaces which will more than pay for themselves after the next round of natural gas price hikes. It is time to plan to trade in vehicles that use more than 10 litres of gas to go 100km.  It’s time to recycle.  Large organizations should start looking at Geothermal energy.  It is time to stop sticking our head in the sand about this. 

  1. #1 by Scott on October 16, 2005 - 8:18 pm

    Now, see, if we would have just assasinated Chavez as our good friend Pat suggested, we wouldn’t have to be thinking these horrid little conservation thoughts. What WILL it be next – taking care of the widow and the orphan?

  2. #2 by Rev. Mike on October 17, 2005 - 7:40 pm

    Is geothermal really that widespread an option up your way? It’s a good source, but it has limited availability here in the U.S.

  3. #3 by Leighton Tebay on October 18, 2005 - 8:24 am

    Rev. Mike:

    I don’t understand it enough to comment on availability but I know more and more buildings are are starting to use it. Up until now the cost was prohibitive. I heard of one farm house spending 65k to get it. When your heating bills are $1600 a year it would take a long time to get your money back. With the cost of natural gas going up 40% a year (like it will this year) it won’t take long before the payments on a 65000 loan are cheaper than your heating bill.

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