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Excerpt:
This is what might be called the fossil fuel age. Coal, oil, and natural gas supply 93 per cent of the world’s energy. Water power accounts for only 1 per cent. Labor of men and domestic animals accounts for 6 per cent. This is in startling contrast to a century ago when fossil fuels supplied only 5 per cent of the world’s energy, and men and animals 94 per cent. Five-sixths of all the coal, oil, and gas ever consumed by man has been burned up in the last 55 years.
The rate at which fossil fuels are being consumed is breath-taking. All coal, oil, natural gas used before 1900 would not last five years at today’s rate of consumption.
The United States with only 5 per cent of the world’s population uses one-third of the world’s total energy output. This accounts for America’s high standard of living...
...Now what of the future of fossil fuels? It is an unpleasant fact that according to our best estimates total fossil fuel reserves (recoverable at not over twice today’s unit cost) are likely to run out at some time between 2000 and 2050 A.D. Oil and natural gas will disappear first; coal last.
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