Book


Peak Oil for Policymakers DVD

Richard Heinberg

2008

What's the future of oil? What does it mean for policymakers?

Despite the recent drop in oil prices, fossil fuel depletion remains a very real and imminent threat to the global economy. Peak Oil for Policymakers, a collection of videos filmed during the oil crunch of 2008, explores this threat and what it means for local, state, and national policymakers.

Peak Oil for Policymakers was filmed in Summer 2008 when oil prices were at historic highs, topping $147 in July. By December 2008, oil was below $40 a barrel, a drop of nearly 75%. Did we raise the alarm too soon?

The answer is unequivocally NO. The Fall 2008 drop in oil prices may well make matters worse because it has the effect of delaying consumer behavior changes and oil production investments. Indeed, unencouraging trends in global conventional oil production combined with the worst economic downturn since the Great Depression may well mean that, in hindsight, 2008 will prove to have been the year of peak oil.


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