IEA says World Crude Oil Production Peaked in 2006

Celsias

Australia's Broadcasting Corporation's  Catalyst program had a peek at Peak Oil and made some fairly stark discoveries. According to the IEA the crude oil production in the world has already peaked in 2006. Existing fields are declining sharply. Worse, we need to find the equivalent of four new Saudi Arabias ! Let me repeat that 4 new Saudi Arabias needed somewhere , anywhere ! And then having made that somewhat shocking admission in the deadpan way the IEA do, they go on to project in their own data  that we will somehow manage to extract oil at a rate that is twice as high as anything at any time in history. No small challenge there, and not surprisingly a number of scientists disagree with these projections.

 

Add a comment
  • to get your picture next to your comment (not a member yet?).
  • Posted on May 22, 2011. Listed in:

    Pledge to do these related actions

    Use a motorbike or scooter to get around, 52°

    OK we all know that it would be ideal if we could all walk or ...

    No Meat Week: Help Stop Global Warming!, 294°

    http://www.thepoint.com/campaigns/no-meat-week-help-stop-global-warming Did you know that if every American who eats meat daily decided to have ...

    Get Your Own Website with a Bright Green Web Host, 93°

    Your website, as an expression of your vision and passion, is the greatest shot you've ...

    Follow these related projects

    pmbventures

    United States

    Featured Companies & Orgs