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<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>In
case you missed it … see the article below from today’s Wall Street
Journal. <o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>Now
is the time to make energy transition plans individually and collectively.
April 10, 11, 2010, Transition Town OKC will offer a weekend workshop on how to
catalyze and organize your street, neighborhood, town, community, city, school,
or church to make an Energy Transition Plan. Details coming soon at <a
href="http://www.goinglocalokc.org">http://www.goinglocalokc.org</a>. About
Transition Town OKC: How can we respond to the challenges of more expensive and
declining energy resources and an unpredictable climate? How can we create more
sustainable and resilient ways of life even while facing economic and financial
uncertainty? The Transition Town movement, which has grown exponentially over
the last three years, has one answer: act as a */catalyst/* to educate and
inspire communities to find their own, local, solutions. This non-partisan,
inclusive and positive movement believes we can build a better, healthier, and
more satisfying way of life - if we act now, and work together.</span><span
style='font-size:10.0pt;font-family:"Trebuchet MS","sans-serif";color:#336600'>
<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'><o:p> </o:p></span></p>
<h1 style='margin-top:0in'>The Next Crisis: Prepare for Peak Oil <o:p></o:p></h1>
<h1 style='margin-top:0in'><span style='font-size:10.0pt'>By Patience Wheatcroff<o:p></o:p></span></h1>
<p><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>As Europe's
leaders gather in Brussels today, they have only one crisis in mind: the debts
that threaten the stability of the European Union. They are unlikely to be in
any mood to listen to warnings about a different crisis that is looming and
that could cause massive disruption. <o:p></o:p></span></p>
<p><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>A shortage
of oil could be a real problem for the world within a fairly short period of
time. It was unfortunate for the group which chose to point this out yesterday
that they should have chosen to do so on the day the Organization of Petroleum
Exporting Countries, or OPEC, reported that the effects of the financial
downturn had led to a slight downgrade in its forecast for oil consumption this
year.<o:p></o:p></span></p>
<p><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>Against the
gloomy economic backdrop that Europe currently provides, siren voices shrieking
that a potential energy crisis is imminent and could be worse than the credit
crunch are liable to be dismissed as scaremongers. Since they are led by Sir
Richard Branson, whose Virgin group runs an energy-guzzling airline, and
include Brian Souter, who runs Stagecoach, another energy-hungry transport business,
they are also at risk of being seen as self-interested scaremongers. <o:p></o:p></span></p>
<p><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>But the
work of the Industry Taskforce on Peak Oil and Energy Security shouldn't be
disparagingly dismissed. Its arguments are well founded and lead it to the
conclusion that, while the global downturn may have delayed it by a couple of
years, peak oil—the point at which global production reaches its
maximum—is no more than five years away. <o:p></o:p></span></p>
<p><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>Governments
and corporations need to use the intervening years to speed up the development
of and move toward other energy sources and increased energy efficiency. <o:p></o:p></span></p>
<p><b><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>Highlights:<o:p></o:p></span></b></p>
<p style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<span
style='font:7.0pt "Times New Roman"'>
</span></span></span><![endif]><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>In
the first report from the task force, Lord Ron Oxburgh, a former chairman of
Shell, wrote that "It is pretty clear that there is not much chance of
finding any significant quantity of new cheap oil. Any new or unconventional
oil is going to be expensive." He went on to quote King Abdullah of Saudi
Arabia commenting on a new oil find: "Leave it in the ground...our
children need it."<o:p></o:p></span></p>
<p style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<span
style='font:7.0pt "Times New Roman"'>
</span></span></span><![endif]><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>The
latest report from the Taskforce points out how much modern economies depend on
oil, whether for transport, heating or even fertilizer. Demand may have peaked
in the developed world but any shrinkage there, is likely to be more than
outweighed by the developing countries, with their rapidly expanding appetite
for energy to fuel industry needs and consumer aspirations. The International
Energy Agency, in its World Energy Outlook report last year, estimated global
oil demand, currently running at just over 85 million barrels a day, could
reach 105 million barrels a day by 2030. The Taskforce, assimilating various
opinions, believes 92 million barrels a day will be the most that global
supplies will be able to generate, "unless some unforeseen giant, and
easily accessible, finds are reported very soon." <o:p></o:p></span></p>
<p style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<span
style='font:7.0pt "Times New Roman"'>
</span></span></span><![endif]><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>According
to Philip Dilley, the chairman of Arup, the consulting engineers: "We must
plan for a world in which oil prices are likely to be both higher and more
volatile and where oil prices have the potential to destabilize economic,
political and social activity."<o:p></o:p></span></p>
<p><span style='font-size:10.0pt;font-family:"Corbel","sans-serif"'>Full
article here ::: <a
href="http://online.wsj.com/article/SB10001424052748704140104575057260398292350.html">http://online.wsj.com/article/SB10001424052748704140104575057260398292350.html</a>.
<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Malgun Gothic","sans-serif";
color:black'>Shauna, OKC<o:p></o:p></span></p>
<p class=MsoNormal style='line-height:150%'><i><span style='font-size:8.0pt;
line-height:150%;font-family:"Arial Narrow","sans-serif"'>Imagine, innovate,
create, collaborate<o:p></o:p></span></i></p>
<p class=MsoNormal style='line-height:150%'><span style='font-size:8.0pt;
line-height:150%;font-family:"Arial Narrow","sans-serif";color:#365F91'><a
href="http://www.sustainableokc.org"><span style='line-height:150%;color:#365F91;
text-decoration:none'>www.sustainableokc.org</span></a><o:p></o:p></span></p>
<p class=MsoNormal style='line-height:150%'><span style='font-size:8.0pt;
line-height:150%;font-family:"Arial Narrow","sans-serif";color:#365F91'><a
href="http://www.transitiontownokc.com"><span style='line-height:150%;
color:#365F91;text-decoration:none'>www.transitiontownokc.com</span></a> <o:p></o:p></span></p>
<p class=MsoNormal style='line-height:150%'><span style='font-size:8.0pt;
line-height:150%;font-family:"Arial Narrow","sans-serif";color:#365F91'><a
href="http://www.goinglocalokc.com"><span style='line-height:150%;color:#365F91;
text-decoration:none'>www.goinglocalokc.com</span></a> <o:p></o:p></span></p>
<p class=MsoNormal style='line-height:150%'><span style='font-size:8.0pt;
line-height:150%;font-family:"Arial Narrow","sans-serif";color:#365F91'><a
href="http://thinklady.typepad.com%20/"><span style='line-height:150%;
color:#365F91;text-decoration:none'>http://thinklady.typepad.com /</span></a> <o:p></o:p></span></p>
<p class=MsoNormal style='line-height:150%'><span style='font-size:8.0pt;
line-height:150%;font-family:"Arial Narrow","sans-serif";color:#365F91'><a
href="http://freshgreens.typepad.com/"><span style='line-height:150%;
color:#365F91;text-decoration:none'>http://freshgreens.typepad.com/</span></a>
<o:p></o:p></span></p>
<p class=MsoNormal><span lang=EN-GB style='font-size:18.0pt;font-family:Webdings;
color:green'>P</span><span lang=EN-GB style='font-family:"Arial","sans-serif";
color:navy'> </span><span lang=EN-GB style='font-size:8.0pt;color:green'>please
don't print this e-mail unless you really need to</span><span style='font-family:
"Times New Roman","serif"'><o:p></o:p></span></p>
<p class=MsoNormal><o:p> </o:p></p>
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