Click image for an excellent, comprehensive article by Chris Mooney at the Washington Post. Image courtesy of the National Snow and Ice Data Center.
Turns out investing in venture-capital funds isn't a great idea
The fitted line in Figure 1 suggests a “normal” growth in oil supplies (including substitutes) of 1.6% a year, based on the 1983 to 2005 pattern, or total growth of 10.2% between 2005 and 20011. Instead of 10.2%, actual growth between 2005 and 2010 amounted to only 3.0% including crude oil and substitutes. The shortfall in oil production relative to what would have been expected amounted to 4.7 million barrels in 2011. This is far more than any country claims as spare capacity.
Solar and Wind Energy prices continued steep drops as production increases.