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Is it time to stop worrying about peak oil?

Posted on 16 July 2013

Demand for oil will reach its own peak and decline before humans deplete the Earth’s supply of oil, experts say. “Peak oil” prognosticators have painted pictures of everything from a calm development of alternatives to calamitous shortages, panic, and even social collapse as the world reaches its peak of oil production—and then supplies fall.
But according to the study by researchers at Stanford University and the University of California-Santa Cruz, those scenarios assume that an increasingly wealthy world will use all of the oil pumped out of the ground………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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