The world has not prepared for the future. During the 1950's, people used twice as much oil as during the 1940's. During the 1960's, we used twice as much as during the 1950's. And in each of those decades, more oil was consumed than in all of man's previous history combined. World consumption of oil is still going up. If it were possible to keep it rising during the 1970's and 1980's by 5 percent a year, as it has in the past, we could use up all the proven reserves of oil in the entire world by the end of the next decade. I know that many of you have suspected that some supplies of oil and gas are being withheld from the market. You may be right, but suspicions about the oil companies cannot change the fact that we are running out of petroleum.

Today we use 100 million barrels of oil every day. [...] There are no rules to keep that oil in the ground. So we can't save the world by playing by the rules. Because the rules have to be changed. Everything needs to change. And it has to start today.

This situation is intensified by the fact that, in spite of the appearance of polluted cities of the Third World, the United States continues to lead the way in exploiting the environment. With only five percent of the world’s population, we Americans consume one-fourth of the world’s energy and one-third of its raw materials. I am not proud of this. My own sense of grief is especially heightened by the fact that I am a citizen of the leading polluter nation, as well as being an individual member of a supposedly sentient species which is causing the greatest mass extinction since that of the dinosaurs 65 million years ago. Most of us are complacent, distracted or conveniently ignorant, in part because of the overwhelming depth of the situation. As Walt Kelly’s Pogo said, “We have met the enemy, and the enemy is us!”

The total planetary endowment of conventional nonrenewable liquid oil was… two trillion barrels before humans started using it [and possibly more, as most of it was used to protect the Earth's crust]. Since the mid-nineteenth century, the world has burned through... one trillion barrels of oil, ...representing the easiest-to-get, highest-quality liquids. [...] Oil has enabled the [post-War] population explosion [and also enabled the public-health and feminist revolutions].

All of us have heard about the large oil fields on Alaska's North Slope. In a few years, when the North Slope is producing fully, its total output will be just about equal to 2 years' increase in our own Nation's energy demand. Each new inventory of world oil reserves has been more disturbing than the last. World oil production can probably keep going up for another 6 or 8 years. But sometime in the 1980's, it can't go up any more. Demand will overtake production. We have no choice about that. But we do have a choice about how we will spend the next few years. Each American uses the energy equivalent of 60 barrels of oil per person each year. Ours is the most wasteful nation on Earth. We waste more energy than we import. With about the same standard of living, we use twice as much energy per person as do other countries like Germany, Japan, and Sweden. One choice, of course, is to continue doing what we've been doing before. We can drift along for a few more years. Our consumption of oil would keep going up every year. Our cars would continue to be too large and inefficient. Three-quarters of them would carry only one person--the driver--while our public transportation system continues to decline. We can delay insulating our homes, and they will continue to lose about 50 percent of their heat in waste. We can continue using scarce oil and natural gas to generate electricity and continue wasting two-thirds of their fuel value in the process.

In 1949 coal met nearly two-thirds of the world’s energy needs, oil less than one-quarter, and natural gas about one-tenth, with water power a residual 2 percent. By 1971 the use of coal had dropped to one-third of world energy consumption, while the use of oil had risen to 43 percent and natural gas to 21 percent.

There are no emergency meetings, no headlines, no breaking news. No one is acting as if we were in a crisis. Even most climate scientists or green politicians keep on flying around the world, eating meat and dairy. … Today we use 100 million barrels of oil every single day. There are no politics to change that. There are no rules to keep that oil in the ground. So we can't save the world by playing by the rules. Because the rules have to be changed. Everything needs to change. And it has to start today.

if consumption by the one billion people in the developed countries declined, it is certainly nowhere close to doing so where the other six billion of us are concerned. If the rest of the world bought cars and trucks at the same per capita rate as in the United States, the world’s population of cars and trucks would be 5.5 billion. The production of global warming pollution and the consumption of oil would increase dramatically over and above today’s unsustainable levels. With the increasing population and rising living standards in developing countries, the pressure on resource constraints will continue, even as robosourcing and outsourcing reduce macroeconomic demand in developed countries. Around the same time that The Limits to Growth was published, peak oil production was passed in the United States. Years earlier, a respected geologist named M. King Hubbert collected voluminous data on oil production in the United States and calculated that an immutable peak would be reached shortly after 1970. Although his predictions were widely dismissed, peak production did occur exactly when he predicted it would. Exploration, drilling, and recovery technologies have since advanced significantly and U.S. oil production may soon edge back slightly above the 1970 peak, but the new supplies are far more expensive. The balance of geopolitical power shifted slightly after the 1970 milestone. Less than a year after peak oil production in the U.S., the Organization of Petroleum Exporting Countries (OPEC) began to flex its muscles, and two years later, in the fall of 1973, the Arab members of OPEC implemented the first oil embargo. Since those tumultuous years when peak oil was reached in the United States, energy consumption worldwide has doubled, and the growth rates in China and other emerging markets portend further significant increases. Although the use of coal is declining in the U.S., and coal-fired generating plants are being phased out in many other developed countries

There's another item I'd like to mention tonight, and that's the subject of energy. I presented to the Congress and to the American people last April, for the first time in the history of our Nation, a comprehensive energy policy. We had a severe blow in 1973 when the prices of oil were quadrupled almost overnight. And when an oil embargo was slapped on our country, that economically almost brought us to our knees. Other nations suffered the same challenge. They have reacted well. The consumption of oil in Germany, compared to 1973, is down. The consumption of oil in Sweden is down, France down, Italy down, Japan down. The consumption of oil in the United States since 1973 is up 87 percent. This year we are importing $45 billion worth of oil from overseas, half of the oil we use. And that's almost exactly the amount that we waste, that we don't have to waste. Notice that this is twice as much oil imported as all the agricultural products that we export. Something must be done.

The people of Iran were exploited in order for Americans to drive gas guzzling monsters. And that is perhaps the difficult part of imperialism for us to understand. The rest of the world is being exploited in order to maintain our standard of living. We who are five percent of the world's population use 40 percent of the world's oil.

More than a billion people in our world today survive on less than $370 a year, while Americans, who constitute five percent of the world's population, purchase fifty percent of its cocaine.

From the happy-go-lucky days of oil exploration and drilling, when a lot of easy sources were being found and easily managed, we're gotten ourselves into this sort of apocalyptic time. We're willing to destroy almost everything, risk almost anything, and go ahead with techniques for which we have no way of responding to the known problems. And that is truly an addiction in the real sense of the word, an addiction by which people destroy their own bodies to continue to have a supply of something that is killing them.

The United Nations estimates that one and a half billion people live without electricity and three and a half billion still rely on primitive fuels such as wood or charcoal for cooking and heating.

Fact one: Currently humanity uses 30 percent more of our planet’s natural resources than we can replace. Fact two: If everyone on this planet wanted to live with the lifestyle of the average European, we would need three planets’ worth of resources to pull it off. Fact three: If everyone on this planet wished to live like an average North American, then we’d need five planets to pull it off.