Inc. The United States pumped over half of its total oil by 1973, the world will soon have accomplished this as well.
Fossil fuels are one-time energy gifts to the human race.
The average age of the gasoline in your car's fuel tank is about 70 million years. Yet we are using this precious resource as though it were unlimited. And worse, we have based our economic welfare on cheap, abundant fossil fuels. Perhaps worst is the lack of awareness of the unprecedented economic and social disruption this will cause if we don't prepare for the end of the age of Hydrocarbon Man. There are many reasons but the most compelling are political in nature.