The Internet could run out of web addresses by 2011, according to Karine Perset, the author of a report on the future of the Internet. Perset says that 85% of the web addresses that could be used are in use.

The Internet continues to grow exponentially, and with the integration of businesses with the web to market and work around the world, it will only continue. There were more than 1 billion new users in 2007!

Perset says businesses must adopt an updated IP network with almost an unlimited number of domains to help expand services and applications even further. Some companies like Google and Bechtel have upgraded, but most are lagging behind.

This guy seems to be taking advantage of the Global Warming panic (oh no we’re screwed the world is gonna end!). However, this does seem plausible, as domain prices have been skyrocketing lately. What would we do without new names?! Who cares, we got a domain…suckers!