Do you Understand Peak Oil?

One hundred years ago, Baku, Azerbaijan was a huge industrial center and one of the most affluent cities in the world. Baku got to that point thanks to its abundant oilfields which produced up to 5000 tons of crude oil per day back then.

The graphic above is something I captured from a 6-part YouTube presentation called Understanding Peak Oil. Clearly they aren't getting 5000 tons of crude per day in Baku anymore, in fact it looks like they completely gave up on drilling altogether.



Understanding Peak Oil makes it clear that what happened in Baku has also happened elsewhere. McCamey Texas, for example:

Above: A picture from McCamey decades ago
Below: The mayor of McCamey, TX today in front of the rusted machinery used during their oil boom.


Much of Venezuela also has that former-oilfield-turned-to-wasteland look:


As I write this, I'm aware that the American economy depends heavily upon oil not just for transporation, but also for agriculture and manufacturing. And the worst thing of all is that we don't have a Plan B ready to go.

Tough times are ahead.

Or are they? Watch Understanding Peak Oil to make up your own mind.

Here's part one of Understanding Peak Oil: