When Fossil Fuels Go Extinct
LLA - Perhaps Chicken Little should have looked down instead of up: to the peak and subsequent decline of global oil and gas production.
The U.S. Department of Energy predicts demand to rise around 2 percent a year, which means that "soon," it says, we're going to have less than we need. When will production peak? And what do we do about it?
"Soon" means somewhere between Thanksgiving this year and a few decades from now, depending on whom you ask, according to Scott Waterman, director of the state energy efficiency program at the Alaska Housing Finance Corp., who gave a talk Friday evening on the whys and what-nows of the problem known as Peak Oil.
Getting the date right is deeply important, according to a March report prepared for DOE by a team from Science Applications International Corp.
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