General Motors CEO: oil has peaked

The world’s biggest car maker, General Motors, believes the global oil supply has peaked and a switch to electric cars is inevitable.

Thus, it becomes crucial to create electricity from renewable, clean sources. Millions of autos powered by electricity from coal plants is obviously no solution at all. Let’s hope all automakers now move full speed ahead towards building hybrids and EVs.

  • John

    It takes 3 times the amount of oil to produce a hybrid than a non-hybrid of the same size.

  • DJ

    That may or may not be an important statistic: how does that compare with oil usage over its expected life?

    As an analogy, people avoid CFLs because they cost more up front– but the energy saved over the life of the bulb saves the purchaser up to twenty times the original cost of the CFL bulb versus an incandescent.

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