The Disaster Oil Brings

Sunday, March 7, 2004

Oil Shortages Will Destroy The World As We Know It

Today, world demand for oil is around 80/130 million barrels per day. Supply is now adequate to meet today's demand, but in two years demand will continue to increase, at 4%-6% per year which is conservative. At the same time supply will not be able to exceed 100 million barrels per day. Why?... Sign in to see full entry.

posted by Cebes at 10:20 PM | add or view comments (0) | leave calling card | link to this | view only this entry
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There is no greater threat to the world economy than that posed by the Bush Administration's refusal to consider significant development and production subsidies for hydrogen fuel alternative energy sources.

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