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"Peak oil" has arrived

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11:53 pm
April 28, 2011


marea

Member

posts 439

The ABC's Catalyst Program tonight quoted the International Energy Agency saying that the world's crude oil production peaked in 2006, and that oil prices are likely to rise 30 per cent over the next three years.

According to the IEA, existing oil fields are declining so sharply that in order to maintain oil production at current levels in the next 25 years, the world will have
to find and develop four new Saudi Arabias.

Check out the full details here and at:

http://www.abc.net.au/catalyst…..oilcrunch/

Canberra is looking "better placed" (no pun intended!) by the day with the impending roll-out of the Better Place electric car initiative in the next couple of years.

7:22 am
July 1, 2011


John Symond

Member

posts 70

Post edited 7:25 am – July 1, 2011 by John Symond


I have been getting useful information about Peak Oil, and oil production in general, from "Energy and Capital"  here.

 

You can subscribe to their newsletter. I have been given permission to re-publish their work with proper attribution. Cool

 

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"Peak oil" has arrived

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