End of oil era in sight, Rifkin warns

Controversial US thinker Jeremy Rifkin told the EU on Monday (12 September) that the world will witness the end of the oil era in the present generation’s lifetime, as MEPs launched a new initiative to promote hydrogen fuel.

The chief of the Washington-based NGO Foundation on Economic Trends indicated that the world will have used up over half its oil reserves by 2027 at the latest or between 2010 and 2020 at the earliest.