Crude Oil

Planet Earth’s oil is going to run out, and soon. There is no serious debate on the matter, and this sober report, by the U.S. Government Accountability Office, baldly lays out how critical the problem is. Oil production has, without question, already peaked and in decline in the U.S. and all over areas of the globe outside the Middle East… and just how much oil is left in that powder keg region is unknown. How will an increasingly industrialized-and hence energy-hungry-world meet its energy needs over the coming decades? The comprehensive 2007 report examines key Peak Oil studies to determine how long we might have before the oil supply goes into serious decline, and then explores key technologies to enhance that supply, including ultra-deep water drilling and oil shale, as well as key technologies that could displace oil consumption in the transportation sector, from ethanol and biodiesel to hydrogen cells. This is vital reading for anyone who wants to remain informed on one of the most pressing political and technological issues of our time. The GOVERNMENT ACCOUNTABILITY OFFICE was established in 1921 as the audit, evaluation, and investigative arm of the United States Congress.