17 items | 28 visits
Findings and facts about the energy crisis.
Updated on Apr 03, 10
Created on Aug 17, 08
Category: Business & Finance
URL:
The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.
Regarding oil production and consumption: "We entered a phase where we are in a very serious trouble and will be for a long time."
World demand for conventional oil is outstripping world supply. Crude oil production in the Persian Gulf has been nearly flat at just over 20 mbd since the early 1970s. The growth in world supply since that time has come from oil fields outside of the Middle East, but many of them have reached their production limits and important ones are in decline. There are few prospects for mega-discoveries that could keep up with fast-growing world demand.
US economic future looks grim, with high oil prices, a decimated financial system, Iran situation and political theology combine to for the perfect storm.
Suomalaiset mediat eivät näköjään osaa...
Who still thinks there's plenty of oil for everybody and their cars?
Less oil means less people.
Ja IEA ennustaa öljypulan vuodelle 2011. IEA, joka vielä 2 vuotta sitten väitti, ettei mitään öljypulaa ikinä tule.
17 items | 28 visits
Findings and facts about the energy crisis.
Updated on Apr 03, 10
Created on Aug 17, 08
Category: Business & Finance
URL: