Experts say only 50 years of known oil, gas remain
Is nuclear the only alternative?
âThe Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.â
Ironically, that quote did not originate with some dolphin hugging Green Peace member. Sheikh Zaki Yamani, a Saudi Arabian who served as his countryâs oil minister three decades ago, uttered it.
Florida Power and Light (FPL) generates its electricity using a variety of energy sources: oil, 11 percent; coal, 28.5 percent; nuclear, 14 percent, and natural gas, 32 percent. The balance comes from biomass (organic substance burning) or from methane, according to the Florida Public Service Commission (PSC).
However, âthe outlook for fuel diversity in Florida is somewhat uncertain at this time,â says PSC Chairman Braulio L. Baez. Baez said in a recent statement that FPL âis currently seeking to address these uncertainties by comparing natural gas-fired to coal-fired alternatives.â
Thatâs the least of FPLâs worries, according to President George W. Bush. The President has joined a growing chorus around the world whoâve agreed to confront that the worldâs looming energy crisis is not about Chicken Little and the sky falling. The end of the Oil Age is in sight, Bush has said, âand what people need to hear loud and clear is that weâre running out of energy in America.
Global supplies of crude oil will peak as early as 2010 and then start to decline, ushering in an era of soaring energy prices and economic upheaval â or so said an international group of petroleum specialists at a recent two-day conference on oil depletion at Uppsala University in Uppsala, Sweden.