good link – HT to AndrewJ AT

A taste:

“Shell projects that the underlying global demand for energy could triple between the years 2000 and 2050 if the economies of developing nations follow energy use intensities that conform to historical patterns.  Shell also projects that technological innovation could reduce the demand for energy through greater efficiency by about 20 percent over the 50 year period and that rates of growth for the supply of energy could boost energy production by about 50 percent.  The projected difference between the somewhat diminished growth in demand and the increased growth in supply still leaves the world’s energy market with a supply gap of around 400 EJ per year or about the size of the world’s entire energy industry in the year 2000.  Shell terms this the “Zone of Uncertainty” or the “Zone of Extraordinary Opportunity or Extraordinary Misery”.  To me, it sounds like the making of yet another Mad Max movie.”


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