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The World has Passed Peak Oil, says Top Economist
00:21 May 6 2011 Global
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Despite high prices, crude oil production has stayed basically flat for roughly five years. It seems this is the all-time high-water mark, according to Fatih Birol, chief economist for the International Energy Agency. “We think that crude oil production for the world has already peaked in 2006,” he told the Australian Broadcasting Corporation. “I think it would have been better if the governments have started to work on it at least 10 years ago.”News source link
http://newswatch.nationalgeographic.com/2011/05/05/the-world-has-passed-peak-oil-says-top-economist/| Credibility: |  |
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Comments
Aboud (Mar 17 2012)
Intersteing video. Some very good stuff , and some glaring flaws. For epmxale, they claim "energy independence". Are they aware that Cuba imports 90,000 barrels of oil per day from Venezuela at well below market prices? Also there are still rotating black outs)less sever than a few years ago but still there) and that some are still lacking for food ?They are going in the right direction.... but they still have a long way to go
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