Peak Oil News

Monday, March 01, 2004

Alexander's Gas & Oil Connections - Checking our oil: How long before we run out of sources?

"Today's civilization depends on an abundant and relatively cheap supply of oil. So when experts discuss when oil production will begin to decline, the world pays heed. The question now making the rounds in energy circles: Has production already peaked? If it has -- or if a peak lies only a few years away -- the repercussions would be huge. It could intensify a scramble by oil importers to tie up existing reserves. Decline could lead to scarcity and higher prices, possibly recession, while prompting an urgent push to alternative fuels and conservation. Some pessimists talk of production flattening about 2010; many analysts see no change until 2035. "


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