22 Nov '11, 2pm

The Peak Oil Crisis: A Report to Remember

Last week the International Energy Agency released its annual report (600 pages) on just where energy production and consumption in the world is going over the next 25 years. Four or five years back, producing the annual World Energy Outlook was a rather straightforward task. All the IEA had to do was to take the world's current rate of economic growth, calculate how much oil, coal and natural gas it would take to support that growth and publish the results. There was never much consideration of whether resources would start to run out or become too expensive to exploit, or what, if anything, the massive amount of carbon dioxide that was being dumped into the atmosphere was doing to the climate. In the last few years the IEA's annual report has come to recognize that the next 25 years are unlikely to be anything like the last 25 and the report has become much more nuanced....

Full article: http://www.postcarbon.org/article/590187-the-peak-oil-cri...

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