[One more from WorldChanging]: In Herold’s view, each of the world’s
seven largest publicly traded oil companies will begin seeing
production declines within the next 48 months or so…. Add increased
demand for petroleum from rapidly-developing China and India to the
possibility of imminent limits on production and you have, to put it
mildly, a sticky situation.
Given the significance of petroleum in the global economy, this is Big.
This is also an enormous opportunity for countries, companies and
communities to distinguish themselves by how they address the
transition. Or not.
(Lots of ‘favorite oil and energy information websites’ in the comments section.)