World Oil Supply Approaching Tilting Point

Supply and demand are heading for an inevitable collision, with price rationing sure to follow.

1 minute read

February 4, 2004, 12:00 PM PST

By Geoffrey Singer @GeoffreySinger


Authorities ranging from individual petroleum geologists to the U.S. Department of Energy agree that demand for oil will inevitably outstrip supply. Even using the most conservative projections, it is clear that we are heading towards a scenario of escalating and then soaring energy prices. The only real question is whether it will happen in 2004, 2010 or 2037. Rather than waiting until it is too late to curb our insatiable demand, we should be questioning now the wisdom of public policies that discourage conservation such as tax loopholes for SUVs and subsidization of urban sprawl.

Thanks to Geoffrey Singer

Wednesday, January 28, 2004 in The Toronto Star

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I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

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