Can the world economy recover with rising oil prices?

[NJ5]

TheRealMafoo said:

NJ5 said:

I really hope that governments don't stop whatever they're doing to move away from oil, using low energy prices as an excuse to postpone the solutions. I'm unsure governments were doing enough as it stood before the recession, now they could be doing even less, threatening our future.

 

What does this have to do with government?

I hope gas gets to $10.00 a gallon. if that happens private industry will do more in 1 year then all the governments in the world could in 20.

You have just highlighted the big problem... The private industry only moves when it has to, they're very short/medium term oriented, while the peak oil problem requires us to start working very early. The Business God is not going to save you.

Have you heard about the Hirsch report? It was an indepth study about peak oil and mitigation, here are some of the conclusions:

Mitigation efforts will require substantial time.

20 years is required to transition without substantial impacts

A 10 year rush transition with moderate impacts is possible with extraordinary efforts from governments, industry, and consumers

Late initiation of mitigation may result in severe consequences.

 Mitigation efforts will require substantial time.

• 20 years is required to transition without substantial impacts
• A 10 year rush transition with moderate impacts is possible with extraordinary efforts from governments, industry, and consumers
• Late initiation of mitigation may result in severe consequences.

According to all projections, we're already too late to have 20 years, and most of them say we're too late to have 10 years.

Read the wiki page, and maybe the report itself.