Sunday, May 30, 2004

End of Cheap Oil @ National Geographic Magazine


If National Geographic has it that makes it official.
It could be 5 years from now or 30: No one knows for sure, and geologists and economists are embroiled in debate about just when the "oil peak" will be upon us. But few doubt that it is coming. "In our lifetime," says economist Robert K. Kaufmann of Boston University, who is 46, "we will have to deal with a peak in the supply of cheap oil."
>Oil Production peaked in 2000, if Saudi really turns on the spigot we
>might get back up to 2000 this year or next year. No one I know thinks
>the peak could be later than next year. Why do you think GM is spending
>billions to have hydrogen cars in mass production by 2010 to 2014?

From my reply to Charles who informed me of the link.

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