Every wellhead could have a monitor that sends an extraction rate signal to a database that is visible to everyone worldwide.  

Assuming this was even technologically possible...how would you enforce it?  Who would be the one telling the likes of ExxonMobil, Saudi Aramco, and Hugo Chavez that they were going to have to open up, or else?  What would you do if they just laugh in your face?  What's the penalty for cheating?  Fire up the nuclear weapons?

If we can't even agree on Kyoto, there is no way we'll agree on something like this.  

I agree, no one would limit production because they are asked ore even told to.  Large governments could place and end consumer tax like the ones proposed for guns and tobacco.  If a 2.5$ gallon jumped to 3.5$ we would prefer fuel efficency more and commuting etc would come about.
Hello Oilrig Medic,

I think you are forgetting the profit incentive.  If the oil, gas, and coal companies were allowed to keep 33% of the increased profits from shutting down half their operations during a temporary 'choke' period, and the other 66% was used to fund a bootstrapping of initial biosolar habitats-- billions of bucks to kickstart Powerdown could be raised.  The detritovore desire for ancient detritus can be used to leverage the desire of those biosolars who wish to break their addiction by powering down.  Jevon's Paradox says any excess energy saved by the biosolars will be eagerly used by the addicts anyways.  All we have to do is make the addicts pay heavily to the biosolars by a financing function of letting the oil companies profitably tighten the screws by reducing demand.  Let's find out just how inelastic energy demand really is.  Stockholders make money short-term-->no big deal, what really counts are real assets like food, water, ecosystem health.

My usual disclaimer: I am no expert, would more learned TODers please evaluate?

Bob Shaw in Phx,AZ  Are Humans Smarter than Yeast?

Hello Leanan,

All good questions!  I am no genius, or even an expert in most of these thread topics, but maybe if enough people put their heads together in brainstorming: some breakthroughs might be reached.  Somehow, I fantasize that TODers and other forums are prepared with well-evaluated alternative Action Plans when Billions realize that we all are suddenly doing the Wiley E. Coyote Airdance.

If Iran suddenly sets the Mideast in flames-- believe me, the nuclear weapons will be fired up, up, and away anyhow.  Hell, all indications are GO for the pre-emptive use of these badboys.  I hope We can do better than that.

Consider my earlier suggestion of turning off nightlights on billboards and storesigns: virtually painless to do.  Somehow, I don't think anyone is willing to die for their beliefs that signage for Preparation H, or any other product or service must be night-time illuminated.  Even the employees of these companies would not start shooting.

Yet, I can forsee huge numbers of Peakniks emailing their politicians telling them that their re-election chances depend on them legislating lights out.  A tightly targeted, single issue 'viral marketing campaign' to get millions of other people to corner their pols on this issue would bring results.  Look how quickly the Amber Alert System spread from state to state when the people put the pressure on. Just lather, rinse, and repeat.

Assume Richard Rainwater and his buddies can be convinced to donate the initial funding, and we all kick in as much as we can.  When the press starts covering this story, all kinds of non-Peakniks will be wondering,  "What the Hell is going on"?  They will come to TOD and other websites to keep the momentum growing.

Bob Shaw in Phx,AZ  Are Humans Smarter than Yeast?

Consider my earlier suggestion of turning off nightlights on billboards and storesigns: virtually painless to do.

No, it isn't.  People are paying the power bill for those lights for a reason.  

I used to work at a small restaurant along a highway.  After nightfall, if we didn't have our lighted sign on, we had no customers.  The lighted sign made a huge difference.  

Those lights are some peoples' jobs.

Not saying we can't turn them off, but it won't be painless.