cfsmtb in low earth orbit

Wednesday, November 03, 2004

Peak Oil reported by CNN

Peak oil fringe group gains mainstream attention
Oil: is the end at hand? A once-fringe group saying we'll run out of oil is gaining attention, even within the oil industry. The end of cheap oil may mean more than just higher gas prices for Americans. It may mean the end of the oil age as we know it. That is according to the so-called peak oil movement, which says that by 2008 humans will have extracted half of the earth's oil. In other words, we're using oil faster than we can ever hope to find it.