 Re: Light Sweet Crude - $90.40
Four decades ago astronomer Fred Hoyle wrote that any civilisation on any planet which discovers fossil fuel and relies on it, must make the technological transition to alternative energy sources (such as nuclear electricity) before fossil fuels run out.
Homo sapiens on planet earth have made the technology leap but not the political leap. Some experts say the tipping point where new oil discoveries are swamped by new oil demands, will arrive as early as year 2010. If so, it will be downhill all the way. |