256p., Leggett cites a few instances of oil companies threatening individuals and organizations with loss of support for publishing predictions of near-term shortages - the likely reason being immediate and drastic losses in their stock values.
And then there is the accompanying problem of global warming. The insurance industry represents about 10% of the global economy and is at high risk of bankruptcy via superstorms and drought-related fires. The media, however, unintentionally downplay the issue by providing equal time to those claiming "no problem" - despite the growing evidence in support. For example, the ten warmest years in history have all occurred since 1990, and each year since 1997 has fallen into that category. Worse yet, the CO2 rise may be accelerating, per measurements in 2003 and 2004 at the premier site in Hawaii.
Leggett believes we CAN replace oil, natural gas, and coal with renewable energy, but NOT before the shortfall first takes effect. He also cites Lovins that it would be economical to do so - costing $180 billion in the next decade, and saving $130 billion/year by 2025. He is concerned, however, that we may only go part-way, and also increase coal utilization - increasing the severity of global warming.
Reading "The Empty Tank" was a pleasure - despite its important warnings.