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Coal’s Future in Doubt - Could Peak in 15 Years?

Coal’s Future in Doubt - Could Peak in 15 Years?

May 2007

A recent newsletter article by GPM consisted of a summary of the conclusions of a recent study by the Energy Watch Group (EWG) on future global coal supplies. That study found that global coal production could peak in as few as 15 years. This rather surprising conclusion was based on a careful analysis of recent reserves revisions for several nations.

The EWG report has enormous implications for climate change, global energy, and particularly for future electricity supply and steel production in the US and China. Until now, virtually everyone in the fields of energy policy and energy analysis had assumed that the world’s coal endowment was so enormous that no limits would be encountered anytime this century. The EWG’s conclusions turn this assumption on its head.

Read more from this post by Richard Heinberg @ Global Public Media

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  In the beginning, there were algae,
but there was no oil Then, from algae came oil.
Now, the algae are still there, but oil is fast depleting
In future, there will be no oil, but there will still be algae  
So, doesn't it make sense to explore if we can again get oil from algae?
This is what we try to do at Oilgae.com - explore the potential of getting oil from algae