Drowning In Oil: World Faces Longest Oil Glut In Three Decades
The world is on the brink of the longest-lasting oil glut in at least three decades and OPEC’s quest for market share makes it almost unavoidable. –Grant Smith, Bloomberg, 16 June 2015
According to the BP Review, over the decade to the end of 2014, coal use grew by 968 million tonnes of oil equivalent. That is 4 times faster than renewables, 2.8 times faster than oil and 50 per cent faster than gas. That’s hardly justification for a requiem. –Brendan Pearson and Michael Roche, The Australian, 16 June 2015
It has become urgent and compelling to develop policies so that in the coming years the emission of carbon dioxide and other highly polluting gases is reduced drastically, for instance by replacing fossil fuels and by developing renewable energy sources. –Leaked Papal Encyclical, 15 June 2015
Source: http://www.climatechangedispatch.com/drowning-in-oil-world-faces-longest-oil-glut-in-three-decades.html
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