Basil Gelpke and Ray McCormack - The Oil Crash
The Oil Crash, produced and directed by award-winning European journalists and filmmakers Basil Gelpke and Ray McCormack, tells the story of how our civilization’s addiction to oil puts it on a collision course with geology. Compelling, intelligent, and highly entertaining, the film visits with the world’s top experts and comes to a startling, but logical conclusion – our industrial society, built on cheap and readily available oil, must be completely re-imagined and overhauled.
The idea that the world’s oil supplies have peaked, or will soon, is gaining mainstream currency. Robert B. Semple, Jr., associate editor of the New York Times editorial board, writes in the paper’s March 1, 2006, online edition:
“The Age of Oil — 100-plus years of astonishing economic growth made possible by cheap, abundant oil — could be ending without our really being aware of it. Oil is a finite commodity. At some point even the vast reservoirs of Saudi Arabia will run dry. But before that happens there will come a day when oil production ‘peaks,’ when demand overtakes supply (and never looks back), resulting in large and possibly catastrophic price increases that could make today’s $60-a-barrel oil look like chump change. Unless, of course, we begin to develop substitutes for oil. Or begin to live more abstemiously. Or both. The concept of peak oil has not been widely written about. But people are talking about it now. It deserves a careful look — largely because it is almost certainly correct.”