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Globally - every year we currently consume the equivalent of over 11 billion tonnes of oil in fossil fuels. Crude oil reserves are vanishing at the rate of 4 billion tonnes a year1 â if we carry on at this rate without any increase for our growing population or aspirations, our known oil deposits will be gone by 2052. Weâll still have gas left, and coal too.
So Con #2 is that oil is a fossil fuel (which it isnât), that it is scarce and being depleted (which it isnât), that it is nonrenewable (which it isnât), and that, as a result, catastrophe looms (which it doesnât) unless we drastically curtail our use of petroleum.