Understanding the Basic Thesis of the Crude Awakening Documentary

The basic thesis of the crude awakening documentary is easy to understand. It is something to the effect that “we are likely to reach of a point of ‘peak production’ in crude oil extraction, at some point in the future”. And then that is likely to lead to a situation where we eventually run out of oil resources. Running out of oil resources would be a major crisis, unless we have come up with alternative sources of energy by then.

While many people have argued with that basic thesis of the crude awakening documentary, I am personally of the opinion that the scenario it paints is one that is more or less inevitable. We all agree that oil resources are finite, or don’t we? We also agree that the rate at which we are exploiting those oil resources is growing every day, don’t we? Then, given those facts, isn’t it plausible that a peak oil production level would soon or later be reached? And then, if the whole thing was taken further, isn’t it plausible to imagine a date when we actually run out of oil resources?

The folks at OPEC may, of course, find these ideas unpalatable, but we have to start thinking of a future away from oil. We have to think mostly in terms of renewable energy. That is unless someone can carry out some sort of research, and genuinely demonstrate that the oil resources we use are being replaced. But that will always be a tall order, especially given the fact that the oil deposits we are currently using are said to have accumulated over millions of years: meaning that we would presumably need millions of years to build replacement resources.