Your last book, Blood and Oil, warned of the United States’ growing dependence on imported oil and the dangers it brings to Americans at home and abroad. Has there been any change in the world’s resources since that book was published?
Two things have happened: First, the intensity of demand has increased dramatically as China and India (and other rapidly industrializing developing nations) have stepped-up their consumption of oil, coal, natural gas, and uranium to meet the rising energy needs of their booming economies. Second, energy experts have become increasingly pessimistic about the future availability of petroleum, due to an increased rate of decline of many of the world’s existing oil fields and a failure by the major energy firms to discover many new giant fields to replace those in decline.
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Two things have happened: First, the intensity of demand has increased dramatically as China and India (and other rapidly industrializing developing nations) have stepped-up their consumption of oil, coal, natural gas, and uranium to meet the rising energy needs of their booming economies. Second, energy experts have become increasingly pessimistic about the future availability of petroleum, due to an increased rate of decline of many of the world’s existing oil fields and a failure by the major energy firms to discover many new giant fields to replace those in decline.
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