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The good news is that the world knows it cannot go on like this

For all the current talk about an imminent end to the petroleum age, hydrocarbons will continue to play the leading role in meeting the world’s growing hunger for energy for at least the next quarter of a century, and probably well beyond.

In the Reference Scenario of the IEA’s World Energy Outlook (WEO) 2005, which assumes that governments stick with current policies, the world’s energy needs would be 25% higher in 2015 and more than 50% higher in 2030 than today,…

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