Just in case you thought these issues were limited to the US…

The UK and Argentina are willing to go to the brink of war over a small amount of oil in an incredibly difficult to drill region: http://www.guardian.co.uk/business/2012/jul/12/falkland-islands-premier-oil-argentina-dispute

Oil Exploration Platform

As Kunstler points out in the video below, we’re quickly running out of easy-to-drill sources of oil, and to support our destructive habits we’re forced to turn to difficult and inefficient sources. There is an estimated 300 million barrels of oil in this region around the Falkland Islands that the UK company Premier Oil hopes to extract. To put that in perspective, the US consumes ~20 million barrels of oil per day, the UK consumes ~1.8 million barrels per day, and the world as a whole consumes ~84 million barrels per day. So there’s enough oil here to run the US for about 2 weeks, the UK for about 6 months, or the world for 3.5 days. As Kunstler would say, “goodbye happy motoring!”


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