Reducing emissions by 2050

I think the meeting in tokyo pass the problem on to future generations and they're actually doing very little about it.

I think the fact that we'll run out of fossil resources sooner or later is the only hope we have in limiting CO2 emissions. I just hope it's not too late by then, for the environment and global economy.

There is pleanty of oil. the year 2050 is the target based on current proven - extractable - reserves thought to be about 1 trillion barrels. But this doesn't accoun't for the 300-500 million barrels thought to be in the Dakotas or the deep water oil fields out in the Gulf of Mexico.

I read an article the other day that suggests there are a minimum of 100 years to as much as 1500 more years of oil still under the ground. Thats a pretty wide range - cause nobody really knows. There are also a growing number of scientists who believe that oil may not only be a fossil fuel - but somethign the earth produces on its own.

Regardless - as the rest of the World (China, India, etc.) continue to grow economically - they are increasingly dependant and in need of MORE oil. This create supply problems and the highest dollar gets the oil. Both India and China have stated that they will agree to NO reduction of any Greenhouse emissions that would be at the expense of economic growth for their countries.

What about alternative fuels - absolute inevitability. Becuase supply is stagnant and demand is soaring - the cost of oil will continue to rise. This will make alternative fuel sources more investor friendly and cost effective. There isn't any alternative fuel that can compete on effecieny and cost when Oil is around $80 a barrel - but when its $150 - $200, other fuel alternatives become much more realistic.

The free market will create the alternative fuel options the same way it has invented everything else we need and use - out of necessity and profitability.

300-500 million barrels? The U.S. alone consumes about 20 million per day, so that should gives us what? An extra month.

sorry... its 300 - 500 billion barrels

Plus - I'm hearing that the Caspian Sea find has almost another 300 billion barrells.

Brasil has also found oil, it seems there's a lot more than what scientists thought