That is the wild card; how long do we have to prepare before the cost of preparing is out of reach or the necessities unavailable?
That was the last line in my first post at Peak Oil 6 years ago and I've decided its basically what my every post has been about since.
I was thinking primarily about preparing my own personal situation and I guessed at the time oil prices would be "flat or even lower" for 5-10 years before starting a gradual rise as extraction became increasingly difficult. Obviously I got that part wrong. I got the RE bubble right though, last weekend marked our sixth year in Missouri, leaving CA was a good move for us. I had the credit bubble scoped too. Not as well as Seahorse did but enough to make me afeared for my income when RE went south. I had clients like furniture retailers and car dealers who were living on HELOCs, refis and flippers and so was I. So I changed my M.O. (to MO. ) and am much more resilient, as the Trannys say.
But where are we as a society? Hirsch said we would need a crash program 20 years prior to peak to avoid a transportation fuel shortfall. Depending on whose numbers you buy, that puts us anywhere from 25 years late to "about time to start. "
China looks like they have a crash program. Since they peaked and stopped exporting (early 90'?) they've been making deals right and left locking up future production. To me, this has started to sink in as possibly as big a factor as the Export Land Model as far as advancing the peak of available crude on the market. I'd love to see someone with better analytical skills than me take a run at the numbers.
The US seems as conflicted and ineffectual as usual.
We are good at killing people so we did that in Iraq and opened the fields there to development - by the highest bidder.
We are good at exploiting our own resources so we talked about opening up more offshore drilling - then stopped it.
We are good at corporate welfare so we mandate and then subsidize food as fuel and continue oil company tax breaks to the most profitable corporations on the planet.
To be fair, as a country we have done a little in the way of promoting residential energy efficiency retrofitting and vehicle mileage but it's mighty little. Of course we gotta be careful not to talk about global warming because it will hurt profits and might bring the markets down.
So what do you think? How much time do we as a society, or civilization, have to prepare for whatever you think there is to prepare for?
How much time do you think you have to prepare? Do you have to prepare?