Running On Empty: The End Of The Oil Age

31 May 2005 - 8:00am

Some experts warn that the world is heading for a state of permanent oil shortage.

"Some observers predict that this year, maybe next — almost certainly by the end of the decade — the world's oil production, having grown exuberantly for more than a century, will peak and begin to decline. And then it really will be all downhill. The price of oil will increase drastically. Major oil-consuming countries will experience crippling inflation, unemployment and economic instability."

Source: MSNBC, May 30, 2005
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There are limits to the amount of pollution the environment can absorb without reducing ecosystem services and impairing both human health and the sustainability of our economy.