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Oil and gas will continue to rise in price(there will be fluctuations of course), and production levels will decline.

Predictions

For a better understanding read the book "Peeking at Peak Oil"(click on Understanding Peak Oil, upper right hand corner of this page) it examines the art of discovering and extracting oil and the peak of the oil age(now). This book is written for the layman by Kjell Aleklett president of the Association for the Study of Peak Oil and Gas(ASPO originated in the year 2000). Please take time to check out The Uppsala Protocol from this book.

Although climate change is a reality temperature projections may not be as high as predicted by the IPCC. Nobody knows what the tipping point may be or if there is one, either way it's not good.

 

There will be another financial crisis like the one that occurred in 2008 and the buying power of money will continue to erode(buying less stuff with the same amount of money) unless there is banking reform.

Here in B.C. we are lucky in that most of our homes are hydro-powered. Our prime concern will be food and fuel prices.

The Canadian banking system is essentially the same as in the U.K.

It is important to understand what money is before we discuss banking reform.

Many people would be surprised to learn that even among bankers, economists, and policymakers, there is no common understanding of how new money is created. This is a problem for two main reasons. First, in the absence of this understanding, attempts at banking reform are more likely to fail. Second, the creation of new money and the allocation of purchasing power are a vital economic function and highly profitable.This is therefore a matter of significant public interest and not an obscure technocratic debate. Greater clarity and transparency about this could improve both the democratic legitimacy of the banking system and our economic prospects.(excerpt from Where Does Money Come From?)

 There may not be as much fossil fuel available to burn as is projected by the IPCC. The IPCC's Special Report on Emission Scenarios(SRES) is put into question by peak oil advocates(Uppsala Global Energy Systems).The SRES provides 40 CO2 emission scenarios  based on the amount of oil consumed. Published in 2000 by the IPCC the projections extend from 1990 until the year 2100. Again I refer to Peeking at Peak Oil for a more complete explanation.


  " Be the change you wish to see in the world"

                                                           -Mahatma Ghandi 



There is a summary of highlights in a slide show presentation that takes less time to view. Follow this link: http://www.ipcc.ch/report/ar5/syr/