Shell Says Conservation Won't Cut It

Royal Dutch Shell CEO Jeroen van der Veer, a man you expect to know something about the oil business, says that conservation of fuel is extremely important, but that it is not enough. Even with conservation demand is projected to double by 2050 (that is over 40 million barrels a day for the USA), at a time when conventional oil fields are already in decline (peak is projected to happen around 2015 or sooner).

If conservation won't do it, what will?

"In order to become a society that produces less CO2, there has to be a new mind-set. All the recent hype about renewables and about being "carbon neutral" doesn't change the reality of what we face, but it does help with short-term awareness. That's how it starts." (More)

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