Catalyst: The Oil Crunch
Posted by Big Gav in abc, catalyst, peak oil
The ABC’s Catalyst program has a special edition on energy and peak oil this week - Catalyst: The Oil Crunch.
In just a century, we’ve become entirely dependent on cheap oil. We rely on oil for just about everything, from the food we eat, to our transport systems and even our economic stability. So what would happen if we ran out? There’s a growing fear amongst petroleum experts that it’s happening much sooner than previously thought – that we are hitting Peak Oil now. So how soon will demand outstrip supply, and will we be able to avoid the global economy collapsing when it does? How prepared are we for the Oil Crunch?
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