Scientists have criticised a major review of the world's remaining oil reserves, warning that the end of oil is coming sooner than governments and oil companies are prepared to admit.
BP's Statistical Review of World Energy, published yesterday, appears to show that the world still has enough "proven" reserves to provide 40 years of consumption at current rates. The assessment, based on officially reported figures, has once again pushed back the estimate of when the world will run dry.
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However, scientists led by the London-based Oil Depletion Analysis Centre, say that global production of oil is set to peak in the next four years before entering a steepening decline which will have massive consequences for the world economy and the way that we live our lives.
According to "peak oil" theory our consumption of oil will catch, then outstrip our discovery of new reserves and we will begin to deplete known reserves.
Colin Campbell, the head of the depletion centre, said: "It's quite a simple theory and one that any beer drinker understands. The glass starts full and ends empty and the faster you drink it the quicker it's gone."
The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling, The sky is falling.
I have heard this every year since the early 70's.
It is not just a case of the oil physically running out but the fact that the places where the extraction occurs are some of the most volatile places on the planet. it's OK having the oil in the ground, it's no good if it's too dangerous to get to it. We need to find an alternative yesterday.
I hope they are developing ways to obtain Helium 3 form the moon
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Data collected from the Apollo Moon landings have indicated that large deposits of an extremely rare gas called helium 3 are trapped in the lunar soil.
Scientists believe that this helium 3 could be used to create a new source of almost inexhaustible, clean, pollution-free energy on Earth.
One of them is Dr Harrison Schmitt, a member of the 1972 Apollo 17 mission and the only trained geologist ever to walk on the Moon.
"A metric ton of helium 3 would supply about one-sixth of the energy needs today of the British Isles," he claims.
Plans are already afoot in the US and Russia to strip-mine lunar helium 3 and transport it the 240,000 miles (385,000km) back to Earth.
The Moon, claims Professor Jerry Kulcinski of the University of Wisconsin-Madison, could become the Persian Gulf of the 21st Century.
"If we had gold bricks stacked up on the surface of the Moon, we couldn't afford to bring them back. This material - at several billion dollars a tonne - is what makes it all worthwhile."
Originally posted by Super! cue to lunacies: Well that should stop the trouble in the Middle East, no oil means no need to attack the Arab states and protect Israel.
Itll stop war altogether.. after the wars that'll erupt to gain control of whats left of course.
watch out for the new regiments to be formed once the tanks and jets are fueless.. 26th Mountain Bike Division. 111th Handglider Corp.
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