On the issue of peak oil, the International Energy Agency and other experts have warned that global crude oil supplies could drop below demand as early as 2014. So I ask the panel, how can we afford not to start investing in renewable energy and bio fuels now? Isn't that a better alternative than to realising one day we can no longer afford the basics because they cost too much to transport due to continued reliance on fossil fuels? Thank you.
http://www.theage.com.au/business/peak-oil-its-closer-than-you-think-20110429...
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