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Peak oil in just four years?
The statistical review of world energy was published yesterday by British Petroleum. The report — the most widely used in figuring out how much oil reserves there are in the world — says we've got enough to last 40 years at current rates of consumption. But scientists at the London-based Oil Depletion and Analysis Centre say the BP estimate is way off, and they don't believe oil companies and governments have been honest in reporting how much oil they have. They estimate oil production will peak in four years, then fall off sharply.
Posted on June 14, 2007 8:22 AM PT | Permalink
Comments (1)
The debate over the timing of peak oil production is something of a red herring. After all, even if the earth could yield up infinite amounts of oil, we would still have the far more difficult problem of global warming to deal with if we continue burning that oil and other polluting fossil fuels.
Posted by Tom Shillock | June 15, 2007 10:39 AM PT
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