Monday, November 10, 2008

Crude Oil: The Supply Outlook

This report from the Energy Watch Group dated October 2007 (EWG-Series No 3/2007) argues that world peak oil occurred in 2006. By 2020, and even more by 2030, global oil supply will be dramatically lower. This will create a supply gap which can hardly be closed by growing contributions from other fossil, nuclear or alternative energy sources in this time frame.

No comments: