Abundant energy will power future growth

Up! Up! Up! The world is consuming more and more energy and, as if by miracle, the amount left to consume grows ever higher. Never before in human history has energy been accessible in greater abundance and in more regions, never before has mankind had more energy options and faced a brighter energy future.

Take oil, the scarcest of the major energy commodities. In the Americas, proven oil reserves have increased from 170 billion barrels to 180 billion barrels over the last two decades, according to the 2008 Statistical World Review from British Petroleum. In Europe and Eurasia, proven oil reserves almost doubled, from 76 billion barrels to 144. Africa's proven oil reserves did double, from 58 billion barrels to 117. [snip]

Bottom line for the world: an incredible 36% increase in oil reserves during the two decades that saw the greatest globalization-spurred oil consumption in the history of mankind. And that doesn't include the 152 billion barrels in proven oil reserves obtainable from Canada's tar sands. [snip]

And this is not the end to it. Most of the oil we know about lies in the well travelled portions of the globe. But most of the world remains unexplored -- the interiors of Africa, Asia and South America have seen relatively little oil exploration. Oil exploration in the oceans, too, is in its infancy.

For all practical purposes, mankind has limitless oil supplies available to it...

[again: the history of oil use has been forever one of finding more oil faster than our growing demand - when we but look for it. I.e., contrary to environmental dogma, every indication is that oil is practically inexhaustible (and possibly literally, if the abiotic petroleum guys are right}. I.e.e., any verbiage to the effect that oil reserves have 'peaked' or we're 'running out' is pure propaganda by those who think the basis of our life style is somehow 'evil']

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