Oil Companies Embrace Green (as in Cash) Energy
Big media starting to muse about Peak Oil more and more: Washington Post
The Exxon report, issued last year, forecasts a peak in oil production outside of the Middle East and other countries not belonging to the Organization of Petroleum Exporting Countries by 2010. By 2030, a decline in global oil production will be aggravated by a world demanding 50 percent more of the stuff than it uses today, the report said.
The way I figure it, if the oil companies run dry without a plan, that’s really bad for them. But in no way can that be good for us.