Peak Oil and South Africa Part 1 of 3

EcoDoc Africa in collaboration with the Association for the Study of Peak Oil (ASPO) South Africa produced this three part video documentary on Peak Oil and South Africa -- Impacts and Mitigation. Presented by Jeremy Wakeford of ASPO South Africa, the presentation outlines what the phenomenon called Peak Oil is all about, and what it means for us here in South Africa. In Part 1, Jeremy outlines our "addiction" to oil, and details three assumptions that we have about oil -- namely business as usual will prevail, that there is plenty of oil left, and markets will solve the problem of depletion. For each assumption, Jeremy provides a reality check.