Friday, June 25, 2010

Is Obama's energy policy on the right track?

President Obama has an energy policy that is directed towards developing renewable energy to replace that of fossil fuels. Is this a sensible way to go?

The policy is based on the idea that the supply of petroleum will soon be exhausted. Is this true? Is the “Theory of Peak Oil” correct? The peak seems to shift from one decade to the next, as new technology is applied.

Where does all the present oil come from? 200 years ago there was none to be seen, whereas today it appears to be almost everywhere in abundance.
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