10.11.2010 - Has the world already passed “peak oil”?
From Nationalgeographic.com: The projected flat crude oil production doesn’t translate into an immediate shortage of fuels for the world’s cars and trucks. IEA actually projects that the total production of what it calls “petroleum fuels” is most likely to continue steadily rising, reaching about 99 million barrels per day by 2035. This growth in liquid fuels would come entirely from unconventional sources, including "natural gas liquids," which are created as a by-product of tapping natural gas reservoirs..............................................Full Article: Source
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