http://www.news.com.au/heraldsun/story/0,21985,22584622-5011680,00.htmlAt our peak
October 14, 2007 12:00am
It's time to leave fossil fuels behind and support the growth in renewable energy sources.
BP publishes the Statistical Review of World Energy, which gives an annual snapshot of the world fossil fuel industry.
The latest review, for 2006, shows world consumption of the big three fossil fuels — oil, coal and natural gas — has gone up. This is in line with population increases, greater affluence (everybody wants an energy-sucking plasma television) and the fast pace of development in China and India.
Australia, the so-called land of plenty, is a big user of fossil fuels. For decades we’ve churned through oil, coal and gas, not to mention water, like there was no tomorrow. Australians have among the highest carbon emissions per capita in the world, which is a measure of how much coal we use.
Well, tomorrow has come. Climate change, caused by excessive and unchecked carbon emissions, has brought the ailing environment into sharp focus and now there is a greater realisation than ever before, inside and outside the energy industry, that there are finite amounts of oil, gas and coal; and supply will, one day soon, be exhausted.
“It (oil) is going to run out,” says BP’s Australasian business manager for integrated supply and trading, Mark Sturgess. “Given everything we know now, from a global point of view we’ve probably got 40 to 50 years left.
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