18 Jun '11, 7pm

Ladies and Gentlemen, We Are Running Out Of Oil! - Green Living

Ladies and Gentlemen, We Are Running Out Of Oil! Tuesday, June 14, 2011 at 12:13PM A recent article by the Economist explains that given consmuption rates and production rates, we are out of oil. Figures released by BP clearly shows they are having a really hard time keeping up supply for demand. Even in 2010, production was 5 million barrels short of oil per day!!! They had to go to reserves! What does this mean? We are at the tipping point of oil. Others might think that if we drill, drill, drill we will find more oil. To what find oil everywhere and not care about the consequences? I mean just total extinction? We are at the precipise if nothing is done larger than its scale now. You think first, well there is sustainability and corporate understanding but it's not working. Emerging markets such as China and India will for a long period of time, increase their number of...

Full article: http://www.greenlivingguy.com/greenliving/ladies-and-gent...

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