The Perdido project (http://www.shell.com/home/content/aboutshell/our_strategy/major_projects_2/perdido/perdido_13032008.html) is a multi-billion dollar, multi-year project using state-of-the-art technology. Yet the world's second largest oilfield is capable of dropping 30% of the ultimate, maximum rate of this project - in just one month!
What will we do when Mexico, the 5th (was 4th) largest exporter of oil to the U.S., has no more oil for us? Good question. Unfortunately, we'll find out the answer before long.
This is what Peak Oil is all about. World-wide, there are many oil and gas projects that need to be pursued. But they just can't keep up with the depletion from the "Giant" oilfields that we've unconsciously relied upon for years!
So, what do we need to be doing? We need to increase the rate of implementation of the following efforts:
- energy conservation (this is where we can have the greatest effect, the soonest)
- mass transportation retrofits (likely optimized and marketed bus and carpool efforts)
- natural gas vehicles and stations (start with fleets to solve the Catch-22)
- expanded natural gas drilling (solve infrastructure & supply problems)
- wind energy (stop the tax credit hocus pocus - fix it for a reasonable time period)
- vehicular electrical storage research (cost effective and reliable batteries or other devices)
- design & production of more efficient cars (lighter, smaller EV's, plug-in hybrids and diesels)
- offshore drilling (offshore West Coast, East Coast, Florida Coast)
- biofuels research (enzyme & pyrolysis-based cellulosic ethanol, algae-based oil production)
- nuclear plants (fast-track & standardize the design, licensing and construction)
- coal plants (use best available, cost-effective clean up technology)
- solar thermal innovations & implementations