Since 1862, when the first oil was drilled in the USA, we have always been in a situation where we can produce more oil that has been needed. This decade however, global oil production will peak "Peak Oil" and production will decrease. Global Oil demand has already started to outstrip supply.
As prices rocket and the supply rates decline, we will see increasing conflict. Furthermore, all that has been built in the previous 150 years of the first half of the age of oil will begin to be put under serious stress - maybe to the point of breaking apart. Political, economic and social systems will all be challenged. It will no longer be the case that the world should change its way - the industrialised world will have to change its ways. Peak Oil may be the high watermark of globalisation and the assumption of permanent growth. And how does this tie in with Climate Change?
This event is free and open to all however pre-registration is required. For details on how to register please see the web link below.
"Peak Oil" - a global impact?
Date: Wednesday 14th December 2005
Time: 6.30pm
Venue: Old Theatre, Old Building
Speaker: Chris Skrebowski
Chair: David Kingsley
For further information contact Jo Carton, Alumni Events and Reunions Co-ordinator by email on alumnievents@lse.ac.uk or by telephone on +44(0)207 955 7050.
Web link: http://www.lse.ac.uk/collections/alumniRelations/reunionsandevents/events/20051215.htm