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

    Crowdfund a Sustainable Cohousing Network, 11°

    The distressed, foreclosed, and abandoned properties we acquire with the help of crowdfunding are renovated ...

    Stop Misleading Energy Pipedreams with your signature!, 1°

    Please sign my petition "Stop Misleading Energy Pipedreams." Remind Congress that we don’t want to ...

    We Need Clean Energy, Not Clean Coal!, 109°

    During the Vice Presidential debate, both Senator Biden and Governor Palin touting their support for ...

    Follow these related projects

    Durga Devi

    Kathmandu, Nauru

    Featured Companies & Orgs