OIL CRISIS?

Will we run out of oils? Like any other water container math, the answer is a function of reserve and consumption. They’ve been finding oil reserves for years till recently when an Exxon spokesman claimed “All the easy oil and gas in the world has pretty much been found.” Without knowing how much more we would find, we would deduce through some envelop calculation that, if oil consumption grows 2% annually from today’s 30 billion barrels per year, we would reach 1 trillion in 2033, 2 trillion in 2050, 3 trillion in 2063. It won’t be long before we remorse the good old days. The worst part is energy crisis have proved to bode well economic crisis (75, 81, 91). So it seems compulsory to build some sustainable energy scheme.