Quest for Energy is Race Against Time

by Jeremy Leggett

RE Insider – September 20, 2004 [SolarAccess.com] There are two reasons why society has to get out of oil, and at first sight, they seem contradictory. Firstly, oil is running out. Secondly, we cannot afford to burn it all. Oil is running out because it is a finite resource. Optimists, like the US Department of Energy and the oil companies, estimate that around 2,600 bn barrels are left in known deposits and predictable future discoveries. Pessimists, like the Association for the Study of Peak Oil and Gas, reckon on more like 1,000bn barrels.

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