The auto industries desires to put 4 billion cars on the planet by 2040(while providing reasonable needs for 9 billion people) will be thwarted by reality. Not unless we entirely change out our energy infrastructure, upgrade all grids across the globe, and electrify via some undefined energy source ALL while countries are mired in debt on the verge of cascading currency/banking crises- then still it would be a questionable project given the complexity of energy and material demands when looking at it systemically.
Global oil production (crude oil plus condensate) has been on a plateau / in decline for 7 years, resulting in high energy prices that are feeding inflation, eroding family budgets and crippling the World economy. It is time for the international political community to awaken to the risks posed by Peak Oil. A British Government report published last week under a Freedom of Information Act (FOIA) request makes clear that civil servants working at the UK department of Energy and Climate Change (DECC) seem very aware of the risks posed by peak oil, and yet the British Government seems happy to continue to ignore warnings.
