Tuesday, November 17, 2009

The Limit Of Natural Resources

Two items of note.

The Guardian has this story: Key oil figures were distorted by US pressure, says whistleblower
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.

And the Natural Gas lobby has been on a PR blitz about how great it is that there is a "100 year supply" of natural gas in the United States as if this is supposed to be reassuring. (you won't run out of natural gas but your kids will - hooray!) My immediate reaction was there would be a panic if there was an announcement that the U.S. had a 100 year supply of trees left. Or water. Or air. Et cetera.

You don't have to be a geologist to recognize that 100 years is a very short time frame.