Tuesday, September 13, 2005

Some say Katrina's aftermath is glimpse of world's energy future

MyWestTexas.com - Some say Katrina's aftermath is glimpse of world's energy future:
by Mella McEwen -- Sept 11, 2005
"Brown figures that the world consumes the equivalent of 1 billion barrels of oil -- nuclear and fossil fuels combined -- every five days and every 30 days consumes the equivalent of the entire reserves of the East Texas oil field. Such consumption levels, he stressed, is utterly unsustainable.
'People need to realize we're about to enter a terminal decline in oil production,' he said, resulting in painfully high energy prices. While oil producers will benefit, economies will be hard-hit by those high prices."

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