by Taskforce_Unity » Wed 08 Jun 2005, 03:12:06
But, like Eng, Stone has faith in new technology, such as the oft-touted gas or hydrogen-powered fuel cells for cars, and the market to deliver oil substitutes. "How long is it going to take for alternative transport fuels to play a significant role?" he asks. "I would say it's going to be about 20 years.
20 years of lets say 2% depletion in a year
At lets say 86 mb/day. that means we need to replace the equivalent of 40% of our oil consumption or an equivalent of 34.4 million barrels a day... in just 20 years.....
They don't get the time and the scale factor.
If we peak in the near future that is