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20081105 Wednesday November 05, 2008

Barack Obama wins, to preside over : two wars, a planet in peril, the worst financial crisis in a century

news.yahoo.com :

Transcript: Obama's acceptance speech

... this is your victory. I know you didn't do this just to win an election and I know you didn't do it for me. You did it because you understand the enormity of the task that lies ahead. For even as we celebrate tonight, we know the challenges that tomorrow will bring are the greatest of our lifetime - two wars, a planet in peril, the worst financial crisis in a century.

- As a foreigner from the outside looking in, and as a concerned citizen, I found the above paragraph the most meaningful in the acceptance speech. Congratulations to Barack Obama for winning the 2008 US Election. Now as to the challenges ahead, just a small sampling of some of the issues that need to be tackled going forward :

See also :

1. Wave of job cuts across corporate America, mass layoffs well beyond Wall Street
2. New York may lose 165000 jobs on mass layoffs due to credit crisis
3. Housing slowdown may claim 800000 jobs
4. Slow Down For Peak Oil : Airplanes, ships, cars ease off throttle to save fuel
5. The peak oil crisis: We are starting to dim
6. Global warming could bring hunger, melt Himalayas
7. Global food crisis looms as Asia's rice bowl empties and world price soars
8. NYMEX crude oil drops below $80 as financial market meltdown continues

(2008-11-05 17:05:02 SGT) [Musings] Permalink Comments [1]

Comments:

Yep, Peak Oil is a challenge.

According to most independent scientific studies, global oil production will now decline from 74 million barrels per day to 60 million barrels per day by 2015. During the same time demand will increase 14%.

This is equivalent to a 33% drop in 7 years. No one can reverse this trend, nor can we conserve our way out of this catastrophe. Because the demand for oil is so high, it will always exceed production levels; thus oil depletion will continue steadily until all recoverable oil is extracted.

Alternatives will not even begin to fill the gap. And most alternatives yield electric power, but we need liquid fuels for tractors/combines, 18 wheel trucks, trains, ships, and mining equipment.

We are facing the collapse of the highways that depend on diesel trucks for maintenance of bridges, cleaning culverts to avoid road washouts, snow plowing, roadbed and surface repair. When the highways fail, so will the power grid, as highways carry the parts, transformers, steel for pylons, and high tension cables, all from far away. With the highways out, there will be no food coming in from "outside," and without the power grid virtually nothing works, including home heating, pumping of gasoline and diesel, airports, communications, and automated systems.

This is documented in a free 48 page report that can be downloaded, website posted, distributed, and emailed: http://www.peakoilassociates.com/POAnalysis.html

I used to live in NH-USA, but moved to a sustainable place. Anyone interested in relocating to a nice, pretty, sustainable area with a good climate and good soil? Email: clifford dot wirth at yahoo dot com or give me a phone call which operates here as my old USA-NH number 603-668-4207. http://survivingpeakoil.blogspot.com/

Posted by Clifford J. Wirth, Ph.D. on November 05, 2008 at 09:32 PM SGT #

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