Wednesday, January 30, 2013

USD 600B spent on gas and oil exploration and production in 2012

Majority of Oil, Gas and Coal Reserves Too Dangerous To Use – International Energy Agency (IEA) « Stephen Leahy, International Environmental Journalist: "In 2012, more than 600 billion dollars will be spent worldwide on oil and gas exploration and production, according to a Harvard University study titled “Oil: The New Revolution”.  That study forecasts a boom in fossil fuel production that could push global heating of the planet to a catastrophic eight degrees C higher, according to Oil Change International, a U.S.-based NGO."

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