Is it time and is it practical to start weaning transportation away from petroleum and seriously increasing fuel efficiencies?
Combining the range of U.S. Geological Survey (USGS) estimates of remaining conventional oil re-sources with the Energy Information Administration's (EIA) economic growth cases for world oil demand implies that 50 percent of the world's total endowment of conventional oil will be used up before 2040 at the latest, or by 2010 at the earliest. Long before 50 percent exhaustion is reached, a transition to alternative energy sources must begin.
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