There Are Dire Consequences To Continued ‘Growthmania’

…Earth’s finite quantity of raw materials requires fossil fuels from processing to the finished products, and for plastics, petroleum provides the raw stock. Any radical transformation of the energy system in the 21st century will require a range of new technologies on a large scale using limited natural resources. For example, thin-film solar photovoltaics (PV) and battery-electric vehicles require rare metals


Cheap oil has fueled the American economy. In the 1850s, discovery of oil occurred in Pennsylvania and Azerbaijan, the population reached 1 billion and geologists estimated global oil reserves at 2 trillion barrels. While the world population currently stands at more than 5.5 billion with expectations projecting it to reach nearly 8.4 billion by the year 2025 and possibly a disastrous 15 billion by 2100, geologists have estimated the remaining oil at about 1 trillion barrels. Many around the globe practice different monotheistic religions but, in reality, petroleum is our god.

For the past year, the International Energy Agency located in Paris has been issuing covert warnings of an oil supply crisis. Its recent report leaves no room for misunderstandings. The world economy faces a tight oil market in the next five years because of accelerating consumption, the inability to increase supplies at the growth rate of demand, and declining exports.

The Day (Connecticut)