- 23,800
- Philippines
Wow - so that's the reality then.
The desire to NOT have the world raised to the ultimate Western world level of lifestyle, the American way of life.
Good luck with selling that bucker of cr@p to the Chinese and India - we are off to save the planet, so you folks just go back to your village huts of the past.
Oil production levels reflect market price not reserves.
And the idea that the world is 30 years from running out of coal is utter nonsense.
My mistake on reserves. Been a while since I checked my notes. Proven reserves should last (at current consumption) about 150-200 years.
Global oil production levels don't reflect market prices. Notice that nice, big plateau through 2008, when prices went through the roof? OPEC supply has become relatively inelastic, and they were unable to pump all that much more when prices are high.
It's US production levels that more accurately reflects market prices. The question is how long these "runs" will last.
Whenever the oil and coal runs out, it will eventually run out. The question is whether the world will be ready when the time comes.
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The third world actually views any and all emissions regulations pushed down its throat by developed countries in the way you described. And there is some merit to that complaint.
China, on the other hand, is one of the biggest energy consumers on the planet... and is using some of that energy to build hydro, solar and other energy projects.