Steep Decline in World Oil Production Predicted
Urban Ecology News. 2007.10.22
World oil production has peaked and will halve by 2030, says report.
World oil production peaked in 2006, much earlier than most experts had expected, and will decline by several percent per year, and 50% by 2030 (from around 80 million to around 40 million barrels per day), according a report released by the Energy Watch Group.
The report warns that extreme shortages of fossil fuels will lead to wars and social breakdown.
Links
Link: Crude Oil - The Supply Outlook. Energy Watch Group. 2007.10
Source: Steep Decline in Oil Production Brings Risk of War and Unrest, Says New Study. Ashley Seager. The Guardian. 2007.10.22