Tuesday, August 26, 2008

3 years of flat oil production - but world adds 230 million new passengers over same period

You do the math.
clipped from www.theoildrum.com
Every American needs to understand that the world has now experienced three years of flat oil production and during those three years, another 230 million energy consumers were added to the population of the world. It is obvious to any observer that oil production, for whatever reason, whether geologic or geopolitical in nature, is not going to keep up with demand. Fifty-four of the 65 oil-producing nations have entered irreversible production declines. This is a matter of fact, not opinion. We can either continue to debate and watch opportunities pass us by or develop a sustainable future that reduces world tensions and our energy vulnerability.
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