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Politics : Foreign Affairs Discussion Group
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To: stockman_scott who wrote (127771)3/30/2004 8:33:04 AM
From: skinowski  Read Replies (1) of 281500
 
It's now an article of faith among oil optimists, including those in the U.S. government, that global oil reserves won't run out for at least four decades, which seems like enough time to devise a whole suite of alternative energy technologies to smoothly and seamlessly replace oil.

But such oil optimism, always questionable, is now more suspect than ever. True, we won't "run out" of oil tomorrow, or even 10 years from now. But the long-term picture is grim. In the first place, it's not a matter of running out of oil but of hitting a production peak.(...)

"China and India, the sleeping giants, are waking up to embrace a Western-style high-energy industrialism that includes tens of millions of new cars"

-- It stands to reason that this fact will play very mightily with the demand vs. supply dynamic.

A new specter may be haunting the world... the specter of old Thomas Malthus.
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