Current global population increases by 79 million people per year. This combined with dramatic increased demand from developing countries and a 9% current average oil depletion rate make oil an unsustainable commodity.

People are causing global warming by burning fossil fuels (like oil, coal and natural gas) and cutting down forests. Scientists have shown that far more CO2 is being released into the atmosphere than has ever been in hundreds of thousands of years.

Rising seas, as a result of the global warming effect, would inundate coastal communities, contaminate water supplies with salt and increase the risk of flooding by storm surge, affecting tens of millions of people globally.

The world will need to add a whopping 64 million barrels per day of new oil capacity between 2009 and 2030 in order to meet an anticipated demand growing at 1.6% per year…. the equivalent of adding 6 new Saudi Arabias!

Climate change concerns have become a top political priority. Increased international pressure for global action will affect the conventional fossil fuels and the economy surrounding them.

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