We Are Cutting Energy Use – But It Is Dirtier

Telegraph – How fast is global energy use growing? Is climate change getting worse? And will we face a worldwide oil shortage soon? These questions, and more, were addressed at last week’s launch of BP’s Statistical Review of World Energy…

Perhaps the biggest long-term concern is that the oil will simply run out – with global production peaking in the near future and then spiralling into decline. Until quite recently, such “peak oil” theories were largely confined to doom-mongers and cranks. But earlier this month the boss of French-owned Total, one of the world’s major oil outfits, said global demand was so strong that production could peak as early as 2020.

Browne adopted his most persuasive voice to try to knock this view into touch. “There isn’t a shortage of oil reserves,” he said. “There really isn’t”. But buried in BP’s report is an interesting – and chilling – fact.
Telegraph