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"Petroleum geologists have known for 50 years that global oil production would "peak" and begin its inevitable decline within a decade of the year 2000. Moreover, no renewable energy systems have the potential to generate more than a fraction of the power now being generated by fossil fuels."
Total BS. In 1945 the predictions we would run out of oil in 10 years (1955). SInce then a lot of giant oil fields have been discovered.
Also, the graphs are crap. Especially the one that shows the "government solution". When was the government part of any solution compared to free market?
There is only a handful of countries that provide ACCURATE production figures. Most middle eastern and FSU/Asian countries don't know themselves, much less tell anybody. We try to guess by watching tankers move by satellite.
The problem with most commodities (especially food and energy) is the source and the consumer are usually far apart and generally controlled by entities not friendly towards each other.
Anybody realize we have a natural gas surplus? Wanna know why?
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MB-less
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