BP profits are up. In fact BP is making $ 1.8 million Dollars an hour.
Fine for them, but commentators say they are pumping out more than they are finding, at a replenishment rate over 80%.
Richard Heinberg says “Surely a civilization whose entire basis rests upon the extraction and use – and thus the depletion – of a few non-renewable resources is the most vulnerable sort of civilization that has ever existed.”
AVBP comments how long can our economic system hold out as sources of energy deplete?