Monday, April 02, 2007

GAO - Oil Production Will Peak Sometime In The Next 30 Years

Via EnergyBulletin.net - GAO: U.S. needs a peak oil strategy

Uh-oh:
Key alternative technologies currently supply the equivalent of only about 1 percent of U.S. consumption of petroleum products, and DOE projects that even under optimistic scenarios, by 2015 these technologies could displace only the equivalent of 4 percent of projected U.S. annual consumption.