Main Menu Contributions   THE FUTURE OF TRANSPORTATION, Posted by: grass on Oct 09, 2003 - 09:54 AM   www.joshuatickell.com/writer/Tickell70.pdf by Joshua Tickell, for Home Power Magazine At some moment during the next five years, we will have consumed more than one half of the total usable fossil oil on Planet Earth. To date, we have extracted 807 billion barrels of crude oil. Only an estimated 995 billion barrels remain that can be extracted at current production costs. If the worldwide rate of oil consumption remained a constant 24 billion barrels of oil per year, we would run out of oil in 2040. But consumption is not static—it is increasing by about 2 percent per year. Even our rate of increase is accelerating. Demand for oil will overshoot supply well before 2040.   Login THE FUTURE OF TRANSPORTATION, | Login/Create an account | Comments Threshold -1 0 1 2 3 4 5 No comments Nested Flat Thread Oldest first Newest first Highest scores first    Comments are owned by the poster. We aren't responsible for their content.