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Today s Energy Problem Is Different From Peak Oil Many people believe that the economy will start going badly wrong when we run out of oil. The problem we have today is indeed an energy problem, but it is a different energy problem. Let me explain it with an escalator analogy. Please share this article - Go to very top of page, right hand side, for social media buttons. Figure 1. Holborn Tube Station Escalator. Photo by Wikimedia Commons. down escalator that citizens of the world are trying to walk upward on. At first the downward motion of the escalator is almost imperceptible, but gradually it gets to be greater and greater. Eventually the downward motion becomes almost unbearable. Many citizens long to sit down and take a rest. ....
1183 views How today’s energy problem is different from peak oil Many people believe that the economy will start going badly wrong when we “run out of oil.” The problem we have today is indeed an energy problem, but it is a different energy problem. Let me explain it with an escalator analogy. Figure 1. Holborn Tube Station Escalator. Photo by renaissancechambara, CC BY 2.0 https://creativecommons.org/licenses/by/2.0, via Wikimedia Commons. The economy is like a down escalator that citizens of the world are trying to walk upward on. At first the downward motion of the escalator is almost imperceptible, but gradually it gets to be greater and greater. Eventually the downward motion becomes almost unbearable. Many citizens long to sit down and take a rest. ....