TodayEco.com

05 Aug '12, 1am

#peakoil Paul Farrell: Big Oil is Earth’s Public Enemy No. 1: The world has “1.4 trillion barrels of oil, enough...

As a result, using more than one-fifth of it will dump so much excess carbon dioxide into the atmosphere that by 2050 fossil fuel companies will kill the planet. And that’s exactly what they plan to do. The world’s behavior is now like a drug addict’s: The more we have, the more we demand, the more we love using it. Till we crash. McKibben has called this collective behavior a “suicide pact.” Bad news: oil is the solution … to the wrong problem First, let’s examine some independent sources, check the facts supporting the oil industry’s claims. New discoveries do tell us the Earth does have all we need for the foreseeable future … but to be fair, the same media sources also make clear that supply is not the problem … rather, demand and human behavior is the problem … and that has huge unintended consequences: 1. “Everything You Know About Peak Oil is Wrong” BusinessWeek Cha...

Full article: http://peakoil.com/enviroment/paul-farrell-big-oil-is-ear...

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