Tuesday, February 08, 2005

British Petroleum post record profits

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?

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