David Herron .com

Economists like to suggest that energy is like any other commodity, and that one energy form can be substituted for another. The term is "elasticity". But it shows they are lost in their equations and have no common sense. Obviously oil serves a different function than coal, but they're both "energy". Hence if you convert all forms of energy into BTU's you can equate miles per kilowatt-hour to miles per gallon and pretend they're the same when they're not.

High oil prices generally cause economic recessions. The trouble in Dubai is due to decrease in oil consumption due to the current economic recession likely triggered by the high oil prices in 2007-8. What's keeping oil prices in check currently is the recession causing lowered demand. If/as the recession lifts and economic activity returns to "normal" oil demand should rise again. Since it seems oil production cannot return to meeting rising demand, then high oil prices should result, again. Which would cause another recession.

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In October 2009 the UK Energy Research Centre released an indepth report on Peak Oil. In this episode of the Technosanity Podcast we go over several articles discussing the report.
Articles discussed in the podcast:-

The UK Energy Research Centre handles research into energy issues for all of Britain. On Oct 8, 2009 they released an indepth study of oil production, the ways to measure oil reserves, estimate current and future production, etc. They paint a picture of peak oil and the need to move to other energy resources. It's not that they are whole-hog embracers of peak oil, instead this is a serious and indepth explanation of the issues with eye opening charts, data and discussion.

Biofuel is defined as solid, liquid or gaseous fuel obtained from relatively recently lifeless or living biological material and is different from fossil fuels, which are derived from long dead biological material. Also, various plants and plant-derived materials are used for biofuel manufacturing. Biofuels are interesting because they can theoretically be produced sustainably, unlike fossil fuels which will require the planet multimillions of years or more to produce.
Biofuels are most commonly used to power vehicles, heat homes, and for cooking.

This film examines the way in which the petrochemical industry has manipulated events around the world to its advantage, and the various effects from the over-use of resources.

The message of the movie is that Cuba has undergone a deep transformation imposed by a drastic reduction of oil supply. While their crisis came due to artificially imposed conditions, they did suddenly have to undergo a drastic powerdown and reshaping of their society.

The End of Suburbia is a documentary concerning itself with predicting the effects of the coming peak of oil production. It consists of interviews with leading peak oil educators including Richard Heinberg, Colin Campbell, Michael Rupert, and James Howard Kunstler. The movie paints a very dark story, and calls on America to relocalize into walkable urban centers rather than continue the folly of suburban sprawl.

The End of Suburbia is a documentary concerning itself with predicting the effects of the coming peak of oil production. It consists of interviews with leading peak oil educators including Richard Heinberg, Colin Campbell, Michael Rupert, and James Howard Kunstler. The movie paints a very dark story, and calls on America to relocalize into walkable urban centers rather than continue the folly of suburban sprawl.