Friday, May 16, 2008

Peak oil date revised: 2007

 

According to the latest (May) ASPO newsletter, the peak for both regular and non-regular (tar sand, gas liquids, etc.) was revised to 2007. As far as I see this correctly, this is a major revision, the estimated peak year was 2010. This means the peak for conventional was 2005 and the peak total is now last year, 2007. If this is really the case, it is going to be very ugly, at least  as far as fuel and food prices concerns. Do we have to expect a new resource war?

 

http://www.aspo-ireland.org/contentFiles/newsletterPDFs/newsletter89_200805.pdf

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