Future energy supply

08/18/2003
Oil is a finite resource.Around this fact of nature pivots a debate as important as it is fascinating. It's important because it concerns future availability of the cheap energy on which industrial society depends.The debate spirals from a chilling question: Given the finite nature of the resource, the escalating rate at which humanity produces from it, and a diminishing discovery rate, can a peak in production be anything other than imminent? That question breeds others. How rapidly will production decline after the peak? What forms of energy stand ready to replace oil? How much will the transition cost?Important seriesThis issue of Oil & Gas Journal contains the last in a six-part s...
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