{"id":1113,"date":"2009-08-03T08:21:08","date_gmt":"2009-08-03T12:21:08","guid":{"rendered":"http:\/\/www.energyrefuge.com\/blog\/?p=1113"},"modified":"2017-09-05T17:53:23","modified_gmt":"2017-09-05T21:53:23","slug":"the-world-is-running-out-of-oil-supplies-faster-than-previously-thought","status":"publish","type":"post","link":"https:\/\/www.energyrefuge.com\/blog\/the-world-is-running-out-of-oil-supplies-faster-than-previously-thought\/","title":{"rendered":"The world is running out of oil supplies faster than previously thought"},"content":{"rendered":"

A report in the Independent newspaper published yesterday reminds us why the need to search for and implement renewable energy is very urgent.
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Based on a report by the International Energy Agency<\/a> (IEA), it said that governments seem unaware of the fact “the oil on which modern civilisation depends is running out far faster than previously predicted and that global production is likely to peak in about 10 years \u00e2\u20ac\u201c at least a decade earlier than most governments had estimated.”<\/p>\n

“What we need to do is accelerate the mobilisation of renewables, energy efficiency and alternative transport. We have to do this for global warming reasons anyway, but the imminent energy crisis redoubles the imperative,” Jeremy Leggett, a former oil-industry consultant and now a green entrepreneur with Solar Century, told the Independent<\/a>.<\/p>\n

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Nobuo Tanaka, Executive Director of the IEA, echoes Mr, Leggett’s sentiment on the issue: “The far-reaching effects the current financial and economic crisis will have on energy security and climate change, coupled with plunging investment, demand urgent and global action to put the world on a more sustainable path”, he said.<\/p>\n

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