In recent interview with the chief economist of the International Energy Agency talks about a production oil peak:
If Iraqi production does not rise exponentially by 2015, we have a very big problem, even if Saudi Arabia fulfills all its promises.
We are in a world where new oil production is increasing difficult to bring online. Every year we consume a cubic mile of oil.
Alternatives to the worlds' oil range from the environmental untenable (coal-to-liquids), unsustainable (food-to-fuels) or currently unrealizable (hydrogen).
We are in a world where new oil production is increasing difficult to bring online. Every year we consume a cubic mile of oil.
Alternatives to the worlds' oil range from the environmental untenable (coal-to-liquids), unsustainable (food-to-fuels) or currently unrealizable (hydrogen).