The Rag Blog: Peak Oil

31 October 2006

Peak Oil

Oz, over at Earth Family Alpha, has a great post about peak oil.

Peak a Boo

Just in case you aren't scared out of your PJs enough already,
Here is a headline from Reuters that is fitting for the day.

World oil production may have peaked-executive
Reuters
Thu Oct 26, 2006
By Scott Malone

BOSTON, Oct 26 (Reuters) - World production of crude oil may have already peaked, setting the stage for declining output that could lag demand, a top advocate of the "peak oil" theory said on Thursday.

Matthew Simmons, chairman of Simmons & Co. International, a Houston-based investment banking firm specializing in the energy sector, said U.S. government data showed that the world oil supply has declined through the first half of this year.

Read the rest here.

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