The Great Energy Transition
Another Great Energy Transition beyond oil must occur over the generations just ahead. Global oil demand will exceed global production of conventional oil, and we will need to shift away from oil to limit global warming. A high-stakes debate is raging today about when global oil production will peak and begin to decline. If the peak oil pessimists are right, the negative economic and social consequences are going to be huge and we need to be thinking about how to adapt. If the optimists are right, we may have just enough time to make a smooth transition to a new energy regime, if we mobilize now.