2040 seems a life time away but it's what our children and grandchildren will be living in. Here's something current Green Energy Wonks don't want to read:
Fortunately, there are ample supplies of oil and gas to power the world economy well beyond 2040. The International Energy Agency estimates that recoverable oil and condensate resources now stand at 4.5 trillion barrels, replacing earlier "peak oil" estimates of one trillion barrels. By 2040, it is likely that recoverable oil will have risen again, perhaps by a factor of five and certainly enough to power the global energy through the end of the century.
Read more: Articles: America's Energy Outlook Is Bright – and Obama Hates It
Fortunately, there are ample supplies of oil and gas to power the world economy well beyond 2040. The International Energy Agency estimates that recoverable oil and condensate resources now stand at 4.5 trillion barrels, replacing earlier "peak oil" estimates of one trillion barrels. By 2040, it is likely that recoverable oil will have risen again, perhaps by a factor of five and certainly enough to power the global energy through the end of the century.
Read more: Articles: America's Energy Outlook Is Bright – and Obama Hates It