Yet, most of the readily accessible reserves of oil formed over hundreds of millions of years will be consumed within a single generation, spanning the years from 1960 to 1995.

The transition from coal, oil, and gas to wind, solar, and geothermal energy is well under way. In the old economy, energy was produced by burning something - oil, coal, or natural gas - leading to the carbon emissions that have come to define our economy. The new energy economy harnesses the energy in wind, the energy coming from the sun, and heat from within the earth itself.

Socialism failed because it couldn't tell the economic truth. Capitalism may fail because it couldn't tell the ecological truth.

The foundation is being laid for the emergence of both wind and solar cells as cornerstones of the new energy economy. World wind generating capacity grew from 7,600 megawatts in 1997 to 9,600 in 1998, an expansion of 26 percent. At a national level, Germany led the way, adding 790 megawatts of capacity, followed by Spain with 380 megawatts, and the United States with 226 megawatts. In the past, U.S. wind generating capacity was concentrated in California, but in 1998, wind farms began generating electricity in Minnesota, Oregon, and Wyoming, broadening the new industry's geographical base.

One way or another, the choice will be made by our generation, but it will affect life on earth for all generations to come

Our early 21st century civilization is in trouble. We need not go beyond the world food economy to see this. Over the last few decades we have created a food production bubble-one based on environmental trends that cannot be sustained, including overpumping aquifers, overplowing land, and overloading the atmosphere with carbon dioxide.

Yet, most of the readily accessible reserves of oil formed over hundreds of millions of years will be consumed within a single generation, spanning the years from 1960 to 1995.