Peak Oil News: Quest for Energy is Race Against Time

Monday, September 20, 2004

Quest for Energy is Race Against Time

Renewable Energy News

There are two reasons why society has to get out of oil, and at first sight, they seem contradictory. Firstly, oil is running out. Secondly, we cannot afford to burn it all. Oil is running out because it is a finite resource. Optimists, like the US Department of Energy and the oil companies, estimate that around 2,600 bn barrels are left in known deposits and predictable future discoveries. Pessimists, like the Association for the Study of Peak Oil and Gas, reckon on more like 1,000bn barrels.

In a society that has allowed its economies to become geared almost inextricably to growing supplies of cheap oil, the difference is seismic. If there are 2,600bn barrels left, the topping out point - or the so-called peak of depletion - lies far away in the 2030s.

If we want to abate this threat, and the other horrors of global warming, we have to stop burning oil, or more exactly back out of it and the other fossil fuels, and move into hydrogen fuel and other renewable forms of energy such as wind and solar power.


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