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Peak oil
October 15, 2007 by Anonymous, 2 years 5 weeks ago
Comment id: 25498
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In case someone says if only we had known remind them that fifty years ago Adm. Rickover gave a prescient address on this subject.
"For it is an unpleasant fact that according to our best estimates, total fossil fuel reserves recoverable at not over twice today's unit cost, are likely to run out at some time between the years 2000 and 2050, if present standards of living and population growth rates are taken into account. Oil and natural gas will disappear first, coal last. There will be coal left in the earth, of course. But it will be so difficult to mine that energy costs would rise to economically intolerable heights, so that it would then become necessary either to discover new energy sources or to lower standards of living drastically."