Finally, we have to wonder not only about the motives of this supposed
oil coup, but we also need to speculate on whether the perpetrators
fully understand the implications of energy depletion. In
other words, will they be able to hold on to their power
in the face of the breakdown of civilization? And what might
they do if they thought they were losing control?
First let us look at the situation in North America, as reported
by Duncan and Youngquist.
North American Oil Production
The United States was the first country to peak in its oil production,
back in 1970. The United States exploited its oil to provide
the standard of living enjoyed today. However, after 1970
the continuation of this standard of living has depended
upon increasing imports of oil. Notice the slight raising
and leveling off of the production curve in the early 1980s
as oil from Prudhoe Bay, Alaska was brought on line. The
Prudhoe Bay fields peaked in 1985 and have been in decline
since. At one time, the USA had abundant, easily exploited
oil reserves -- production peaked at over 4 billion barrels
per year -- but those days are behind us now. Even the Alaska
National Wildlife Arctic Reserves (ANWAR) will make little
difference to this picture.