…dawning of a new energy age
The current discussion about the future of oil is how soon will it be before petroleum becomes a sunset industry. If it isn?t already. Flat or falling demand. Carbon taxes. Electric cars. Renewable energy. Oil has no future. It is only a matter of time, although how much time remains is subject to considerable discussion and debate. Various prognosticators put forth differing view about when world oil demand will peak. Some say as early as 2030, others much later. Nobody says never.
As for actually running out of oil, that issue has run its course. At least for now.
How long the world stays in the oil business is of critical importance. This is illustrated by a Financial Post article April 28 titled, ?Next battleground; Enbridge?s aging Great Lakes pipeline stirs new protest in Michigan?. Until recently, the battle against pipelines has been opposing…
Source: Oil: A Sunset Industry