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Sunday, October 30, 2011

Peak Oil | The Arlington Institute

Peak Oil | The Arlington Institute: "Petroleum powers 96% of the transportation on the planet and is the key ingredient in plastics and fertilizers. Its integral role in human civilization cannot be overestimated - without it modern life would be impossible. Over the last century, the global petroleum supply could be counted on to meet demand; today however, the situation appears to be changing.
The developing world - led by China and India - is modernizing at a blistering pace, and their appetite for oil is driving up demand all over the globe. At the same time, production is declining in all but a few countries."

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