There is a new phrase in town coined by the New York Times. "Ceiling Oil". They state that there is plenty of oil, it is just that the world will never be able to keep up with demand. So there is a ceiling to the oil we can produce?
Is it possible that at the top of "peak oil" it looks like "ceiling oil"?
Well, according to a 2005 California Energy Department report. California will be out of oil by 2033. There will no longer be a domestic brew.
How will that affect the lifestyle we have become accustomed too in California? |