Summer, 2008. You can’t seem to buy a headline that doesn’t remind you that the price of gasoline is at a record high. Everyone is coming out of the wood-work talking Peak oil. Articles stapled to the same headlines fall back on the same, now tiring, discussion about rising demands, shrinking supplies, and the myriad speculative strategies playing out on the open energy market — they talk about anything except solving the problem. Thats because we’re not only at a peak in oil production (which generally drives all other production), we’re at a peak in our production of educated problem solvers. We’ve got a nation of pontificates (at times, myself included).
While Congress questions Big Oil hoping markets can police themselves (lasting it’s tie to capitalism), the opposite only seems obvious and true to consumers and the American people, leaving some of the best analysts wondering, “Is speculation or fundamentals driving the price of oil?” I prefer my question, is it Need or Greed? But, there should be no surprise so little has gotten done, Americans always worry first about who is to blame despite whats opportunities are lost in the meantime — thats the terrifying reality that landed us in Iraq: the need to blame. But, even as we grow nearer to what may amount to the largest energy crisis in American history (perhaps the history of all of our species), and America spirals downward, I realize I have a greater fear, one worse than expensive commodities: my fellow Americans.
Besides the pointless chatter surrounding oil that fills the media — which wastes more energy (in the form of oil, et al) than anything else given its return value — I hear a common notion threaded across the perspective of average Americans: Americans believe George W. Bush, our current President, did all this with a simple policy of “drill and veto.” But, and this is what scares me most, they also believe conversely, that when Bush leaves office these problems will go with him. They believe somehow through Bush’s ties to Big Oil, he was capable of masterminding this global economic shift at the most fundamental level: commodities pricing. Our President alone is not that powerful, thankfully. However, the American people are when they can be united.
So, my poor, undereducated Americans, so down-turned by bad policy, despite your instinct, please forget your dire need to blame. Realize that holding a belief that any such problems will vanish overnight is in fact a form of greed itself, and not need, and is an idea that is plain stupid. We as a society, must exercise the discipline we lacked prior to this, leading us here, in order to find the way out.
Beyond that, personally I feel, George W. Bush, our President, couldn’t mastermind a few elegant English statements in the form of complete English sentences given chair, desk, ink, pen and good reason to do so. And that my friends… is the problem with America, forget oil, we’re at Peak education.
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Peak education is the point in time when the maximum rate of distribution for global education, training, and knowledge is reached, after which the rate of that production and distribution enters its terminal decline. If global consumption is not mitigated before the peak, an education crisis may develop because the availability of conventional education, training and knowledge will drop and the population will rise, perhaps dramatically (Hubbert peak theory).
This chart, released April 10th, 2008 by the American Geological Institute, shows oil by the barrel priced over the last seven years in the US dollar, the Euro dollar, and gold by the ounce. Oil on the commodities market is only ever priced in US dollars, so to get a clearer picture of how the price of oil trends, it is important to include and compare other units such as currencies and even other commodities as is done here. This is because, the dollar pricing itself could be having the most significant impact on the price of oil units. This seems to be the case today.
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