Not many people have actually heard about peak oil, so the first thing that this article is going to do is go over what the theory is about. Then it will be explained how solar energy can help to avert the potentially catastrophic results that could come about as a result of it.
Peak Oil
The basics of the peak oil theory are very basic. It states that, as oil is going to run out, there will come a time when we are not able to extract as much as we could before. However that’s not going to be because it’s not there, but simply because it is more difficult to extract.
Now just about everyone accepts that oil is a finite resource. There are some that claim that it comes about due to abiotic processes and that it isn’t going to run out, but not many people subscribe to that view. So we can say with pretty much certainty that oil is going to run out at some stage.
What the majority of people do think though, if they have an opinion at all, is that oil won’t run out for a very long time, hundreds of years in fact. That’s a widely held belief. Where the peak oil theorists differ is by saying that, first of all, there probably isn’t as much a we think. And secondly, long before we run out, extracting the resources will be too difficult.
The way that peak oil theorists say that it works is that at first the amount of oil that you can get out accelerates, meaning that you can get more and more out, year after year. After a certain amount of time though that acceleration is going to decrease until you can’t get out more this year than you could last year. That’s the peak.
Once you have reached the peak, it will no longer be possible to get out as much as you did before. When you leave the plateau, you’ll be producing less and less instead. And this will become so difficult at some stage that you just have to give up.
They have some evidence for this view, in the oil fields in the USA. They were some of the earliest to be found, and so we have quite a lot of data on them. And they depleted in just the way that was just described, in a sort of bell curve. And now, the proponents say that worldwide peak production is about to hit, if it hasn’t hit already.
Is there any evidence for a worldwide peak? Well, all you have to do is look at the prices. They’re certainly going up, and certainly have a lot over the last 10 years. However there are all sorts of other factors which might have led to this as well, so it’s not definitive evidence. The problem is though, if oil gets too expensive, so that businesses can’t operate profitably, then that will mean a major, and perhaps final, economic collapse.
Solar Power
This is where the importance of solar power comes in. Whether the peak oil theory is right or not, at some point we’ll run out of oil. When that happens, we had better be using an alternative source of energy or else the economy will permanently collapse.
The only alternative energy sources that we have available are renewable sources. They’re not as efficient, and we’re not using very much of them, but they are probably our best hope. Of course there are all different sorts, but solar power is probably the best that we have.
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