12.09.2005 - 17:37 CET |
By Andrew Rettman EUOBSERVER / BRUSSELS - Controversial US thinker Jeremy Rifkin told the EU on Monday 12 September that the world will witness the end of the oil era in the present generation's lifetime, as MEPs launched a new initiative to promote hydrogen fuel.
The chief of the Washington-based NGO Foundation on Economic Trends indicated that the world will have used up over half its oil reserves by 2027 at the latest or between 2010 and 2020 at the earliest.
"Let's hope and pray that we don't peak in the next two to three years, or we are going to be in trouble like we have never been before in human history", he said.
Mr Rifkin urged world leaders to focus research and investment on developing renewable energy over the next 25 years in order to usher in a third industrial revolution after steam and oil power.
He predicted that oil might soon cost over $90 dollars a barrel, blaming hurricane Katrina on global warming and the consumption of fossil fuels and contrasted the positive response of European politicians to relative inertia at the highest levels of the US government.
"I truly believe Europe will lead the way to a new energy era", he added.
For the full story, click on the title of this post.
Note: There are many people who believe the peak will be in 2005. Some, including myself, put the date as November 2005. If the peak occurs this year, or next year, you can expect the next several decades to be extremely unstable and unpleasant, and unpleasant, as the human race struggles to adapt to a runaway energy, economic (you name it) crisis. This is what Kunstler calls The Long Emergency. What is patently obvious, is that it's not far away now. We're already experiencing the realities of Peak Oil right now.
No comments:
Post a Comment