Less than 50 years of oil left, HSBC warns
British bank HSBC thinks the world will run out of oil within 50 years, given current consumption. If usage climbs, oil will end sooner. Substitutes such as biofuels could delay an oil shortage, but only if oil exceeds $150 per barrel. Other analysts argue new supplies will suffice for years. GR
Comment on this article
ClimateYou moderates comments to facilitate an informed, substantive, civil conversation. Abusive, profane, self-promotional, misleading, incoherent or off-topic comments will be rejected. Moderators are staffed during regular business hours (New York time) and can only accept comments written in English.
Leave a Reply