You know something is afoot when, after decades of cheerleading wars for oil, the Washington Post finally announces what alternative media has known for years. The Age of Oil is coming to an end, sooner than any of them care to admit.
“Despite the skepticism of experts and criticism by naysayers, there is little doubt that we are heading into an era of unlimited and almost free clean energy. This has profound implications.”
I’ll say. And the future is not far away.
According to futurist Ray Kurzweil, “solar energy is only six doublings — or less than 14 years — away from meeting 100 percent of today’s energy needs.” Not only does that mean that the end of oil is breathtakingly close, but also that it’s already in steep decline.
Maybe there is more to the precipitous drop in oil prices than meets the eye. Maybe hurting Russia, Iran, and other big oil US rivals is only part of the plan.
If solar has less than 14 years away from replacing oil completely, then demand for oil must already be waning and companies will start shutting the spigots. In the meantime, they need to get rid of what probably are massive stockpiles of oil that will otherwise go unsold.
Oil extended losses below $48 a barrel amid speculation that U.S. inventories will expand, deepening a global supply glut that’s driven prices to a five-year low.
Futures declined for a fourth day. Stockpiles in the world’s biggest oil-consuming country probably rose by 700,000 barrels last week, a Bloomberg News survey showed before a government report tomorrow.
No need to rush to the gas station. Plenty of oil to go around. Not exactly what peak oil envisioned. Sorry to let you down.
These are very volatile times. It has become painfully obvious that beyond the false flags and frauds that are deliberately foisted on the world to drag us towards endless wars and police states, no one really has a handle on how technology will impact our lives next week, let alone twenty years from now.
Hold on to your hats, folks, because technology is in control and humanity is riding by the seat of its pants.