“We have to stop looking at the short term. Sure we can find enough fuel for the next two years, five years, 10 years, but what happens at that point when we haven’t built up our renewable or alternative energy technologies?” she asks.
Archive for August, 2009
Washington Capitulates – Peak Oil Is Real
Projected production, as you can see, is suddenly shriveling up. From 107.5 million b/d of oil projected for 2030 in 2007, to 102.9 million b/d in 2008, to this year’s meager expectation for 93.1 million. That’s a drop of 13.4% in only two years, and posits production growth of only 11.6 million b/d (14.2%) from 2006 levels.
If that isn’t an admission that the era of Peak Oil is upon us, what is?
