The good news/ bad news department

Once we discovered how useful it was, it took us 125 years to use the first trillion barrels of oil.

Analysts are predicting that we will use the second trillion in 30 years.

But we might not have enough oil to use the third trillion.  According to a recent article in the National Geographic magazine, mainstream oil experts are now agreeing with the mavericks who said five years ago that oil production will peak worldwide by 2015.  That’s not because people won’t want to buy it, but because it’s getting harder to find, and harder and more expensive to produce. 

That means that green technologies – some of which we already know like wind and wave and solar energy – and some that still await invention by the ingenious and creative – will be more and more sought after.

Maybe knowing we’re running out of oil is good news after all.

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About Terry Sissons

Terry Sissons is the author of The Big Bang to Now: All of Time in Six Chunks, and this blog is a dialogue about the universe and what’s happened in the last 13 billions years.
This entry was posted in saving our home - thoughts about global warming and tagged . Bookmark the permalink.

2 Responses to The good news/ bad news department

  1. Jeremy says:

    It’s a good point – the end of oil comes not when the last drop is used, but when limited supplies push the price beyond the reach of the average consumer.

    That’s going to come quite soon for poorer or middle income countries who rely on oil imports and don’t command the same leverage as the US, Europe, Japan, China and India.

  2. I agree – the poor who are not responsible for global warming – will be the first to suffer as a result of environmental change and world-wide deficiencies in clean water, food, and energy.

    Just check out your website – http://makewealthhistory.org/. I’m going to become a regular visitor. Terry Sissons

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