$200 Oil?
A story by Ron Haruni of Seeking Alpha called "$200 Oil Is a Very Real Possibility" is a must read.
Here are the highlights:
- The world is now consuming 15 trillion watts
- That is expected to triple to 45 trillion by 2050
- World's wells currently at full capacity
- World's largest field in Saudi Arabia near collapse
- No significant oil finds since 70s
- Saudi officials: cannot meet demand in 10 - 15 years
No time to waste to expedite Alternative Energy!
Tags: oil
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