The world still harbors large reserves of petroleum, but they are of the hard-to-reach, hard-to-refine, “tough oil” variety that will be more costly to extract, refine and buy at the pump.
In keeping with predictions made by the world’s most sober and clear-eyed climate and energy experts, the rate of increase in greenhouse gas emissions is occurring more rapidly than official reports forecast, and a disastrous average global temperature rise of more than 2 degrees Celsius appears imminent and unavoidable. (more)