The world is blinding itself to the reality of its energy problems, ignoring the scale of growth in demand from developing countries and placing too much faith in renewable sources of power, according to two leaders of the global energy industry
[Link: Times Online]
This is very serious talk from the heads of major oil. Most of the things they are talking about are not news to anyone who has been following the oil depletion story line. Maybe not news but a little more intimidating when you consider the source.
Demand for hydrocarbon fuels will outstrip supply. Inadequate supply will not be sufficiently bolstered by renewable fuels. Attempts to deal with climate change will falter as we resort to burning coal and trying to convert it to liquids for transportation. If the heads of Royal Dutch Shell and ExxonMobil say so it might make sense to listen.
But what do they suggest we do to tackle these problems? Are you ready for this? Reduce our consumption (otherwise known as conservation or, as they suggest, "energy efficiency"). That is really the revolutionary message in this article. I have not seen anyone of any stature in industry or politics(especially the oil industry) suggest that we actually try to consume less. Isn't consumption what makes America tick? Certainly a politician couldn't say something like that. Let's keep our eye on this trend. It could actually change things.
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