Friday, September 17, 2010
Many organizations have been making predictions for a peak in world oil production between 2010 and 2015, followed by a decline. This could bring profound changes in global markets, the balance of power and political upheaval. Check out this article in Der Spiegel, this article based on a seminar by the president of Petrobras, and this article in The Guardian.
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We have oil for hundreds of years. Solar power will become competetive long before that.
Government interference is only a waste of money. Let the market solve the problem when it develops.
Is the world's oil becoming scarce at this time and the price is also very expensive?
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