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Edina Foundation: Big Carrot, Bigger Stick - JPods

Edina Foundation: Big Carrot, Bigger Stick - JPods

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<strong>Edina</strong>It costs less to move lesswww.<strong>JPods</strong>.comGreen line is a potential route.Green bars are 1/2 and 1 mile long.<strong>Big</strong>ger <strong>Stick</strong>: Peak OilOil, the life blood of our economies is a finite resource. Wemust change our economic blood before oil peaks.Discoveries of oil peaked in 1964. Extraction of oil, by eventhe most optimistic estimates, will peak some time in thenext 26 years. When Peak Oil hits, economies desperatefor energy will radically bid up the price of oil.Oil prices have tripled in the last 6 years. After Peak Oilprices will increase radically.It takes years to re-tool infrastructure. It has taken 37 yearsto build out the Internet to the current level of access. It willtake at least 37 years of crash effort to re-tool transportationnetworks to be independent of oil.We should be racing to re-tool like our life depends on it,because it does. After Peak Oil the rate of extraction willdecline just as new discoveries have declined; forcing economicactivities to decline; forcing populations to decline.The rate of decline is estimated at 5-15% per year.Adding the history of each oil field yields a repeating historyof discovery, extraction, peak and decline.ABC's webcast on Peak Oil: http://abc.net.au/4corners/special_eds/20060710/We have the technology to re-tool. We need to do it whileoil is cheap. We are running out of time.Bill James612.414.4211bill.james@jpods.com

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