| 11.04.2012 - The economic implications of peak oil |
| Peak oil came and went. It was acknowledged by the International Energy Agency, the IEA, in their World Energy Outlook 2010 Executive Summary, where on pg. 6 of their report, they write: Crude oil output reaches an undulating plateau of around 68-69 mb/d by 2020, but never regains it's all time peak of 70 mb/d reached in 2006, while production of natural gas liquids (NGL's) and unconventional oil grows strongly...............................................Full Article: Source |