World Running Out of Time for Oil Alternatives
by Anna Mudeva
PETTEN, Netherlands - The world could run out of time to develop cleaner alternatives to oil and other fossil fuels before depletion drives prices through the roof, a leading Dutch energy researcher said on Thursday.
Ton Hoff, manager of the Energy Research Center of the Netherlands, said it could take decades to make alternatives affordable to the point where they can be used widely, although high oil prices were already stimulating such research.
"If we run out of fossil fuels -- by the time the oil price hits 100 dollars or plus, people will be screaming for alternatives, but whether they will be available at that moment of time -- that's my biggest worry," Hoff said.