Peak Oil News

Monday, March 01, 2004

Alexander's Gas & Oil Connections - Plan now for a world without oil
"These calculations place the coming oil crunch some time between 2010 and 2015, may be earlier. Yet no major primary energy alternative can replace oil and gas in the short to medium term. The implications of this are mind-blowing, since oil provides 40 % of all traded energy and no less than 90 % of transport fuel.
It is hard to envisage the effects of a radically reduced oil supply on a modern economy. Yet just such a radical reduction is staring us in the face. The world faces a stark choice. It can continue down the existing path of rising oil consumption, trying to pre-empt available remaining oil supplies, if necessary by military force, but without avoiding a steady exhaustion of global capacity. Or it could switch to renewable sources of energy..."


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