ABSTRACT

This book examines the kinds of change that motorized transport around the world could undergo during the next few decades. Today, 95 per cent of this transport is fuelled by products of petroleum oil, chiefly petrol (gasoline), diesel fuel and jet kerosene. 1 We believe world oil production will peak in about 2012 and the amount available for use will then decline progressively. Meanwhile, the amount of oil that people would prefer to use will continue to increase, chiefly to fuel growing motorized movement of people and freight. The shortfall between potential consumption and actual production will cause petroleum prices to rise, perhaps steeply.