The End of Cheap Oil … in 2015
Experts are taking heed at Shell Chief Executive Jeroen van der Veer’s statement that the world is running out of cheap oil.
Here is what van der Veer writes about the two new future energy scenarios that have been developed by the Shell corporation:
“We are experiencing a step-change in the growth rate of energy demand due to rising population and economic development. After 2015, easily accessible supplies of oil and gas probably will no longer keep up with demand. The future will be either a scramble for resources or a cautious, well-planned ride into a changing future.”
Given the absurd profits Shell and its industry counterparts are making, it is the clearest acknowledgment of the reality of peak oil, and should sound alarms throughout Washington and everyday Americans, too.
Says the group Climate Progress: “The oil company with the best strategic planning says the day of reckoning is nigh.” Indeed. The question is, who has the best plan to do something about it?
As we’ve learned from years of inactivity from government officials, talk is cheap when it comes to climate change.
State of the Union rhetoric is one thing, curbing carbon emissions and developing alternate energy sources quite another.



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