There is a finite amount of petroleum in the world. Much of this oil, possibly half of it, is locked-up in the ground in such a way that there will not be a cheap way to extract it in the foreseeable future. The US Geological Survey and the Energy Information Administration conducted a study, described in a 2004 EIA report, to assess and forecast world petroleum supply and demand. The study found that there is likely something like 3 trillion barrels of recoverable oil in the world. This sounds like a very big number- indeed it is a huge number- except when compared to the rate at which oil is consumed. The study further concluded that global oil production may well peak in 30 years, and fall-off sharply, so that humans are unable to produce petroleum at current levels within about 40 years.Again, this study predicts that oil production will likely peak around 2037 and then decline, sharply. Obviously, other capacity studies abound. Some of them are more urgent, some of them are less so. The USGS / EIA study purports to be impartial and was completed in consultation with geologists and economists from both the US government and from the petroleum industry. Regardless of when the reader may personally believe oil will run out, the fact remains that there is a limited amount of oil in the world, and humans are using huge quantities every day.

Given that petroleum is the basis of our present economy, and perhaps more so the basis of an American lifeway, this resource-sunset is a mandate for deep change. The current administration previously asserted "Conservation may be a sign of personal virtue but it is not a sufficient basis for a sound, comprehensive energy policy."
It's time to move beyond myopathy and greed and step into reality. This generation faces a problem, and like it or not, it's ours to fix. Many will ignore the problem. However, the rational solution- the one that will work in the real world- is to work toward sustainable lifeways and a sustainable economy. This means understanding where our energy, food, and other resources come from, and recognizing that financial costs are not the only costs we need to consider. This means making better choices, starting today.