Peak Oil Production and the Implications to the State of Connecticut

Global oil production appears to have stagnated and may soon be headed toward
terminal decline. International demand is increasing at a compounding rate yearly.
Escalating oil cost is evident and supply shortage and disruption have occurred both in
the US and internationally. Rising cost for oil has and will continue to affect every
product, every citizen, every business and every function of Government. Contraction in
the state’s economy is likely at current and possible higher oil prices. The state is
unprepared for this permanent shift in the international energy regimes. Our society has
only once ever faced a contraction of affordable and plentiful oil—during World War II. –
Today we have no simple model to remedy the rising situation. There is no short-term
fix.

Available from: Connecticut House Democrats