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Old 12-15-2008, 09:44 PM
NotThe1 NotThe1 is offline
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Posts: 252
Default IEA sees peak oil in 2020


Global oil output could peak by 2020 - much earlier than expected - amid a collapse in investment due to the financial crisis, the International Energy Agency's (IEA) chief economist Fatih Birol claimed.

In an interview published today Birol told London-based newspaper the Guardian that conventional crude output could plateau in 2020, a development that was "not good news" for a world still heavily dependent on petroleum.

The IEA has never before been specific about the point at which conventional oil would peak, although last month it said total crude output could peak in 2030.
Terror Cell: IEA sees peak oil in 2020

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Old 12-15-2008, 10:13 PM
BlueAngel BlueAngel is offline
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Default Re: IEA sees peak oil in 2020

Quote:
Originally Posted by NotThe1 View Post
Global oil output could peak by 2020 - much earlier than expected - amid a collapse in investment due to the financial crisis, the International Energy Agency's (IEA) chief economist Fatih Birol claimed.

In an interview published today Birol told London-based newspaper the Guardian that conventional crude output could plateau in 2020, a development that was "not good news" for a world still heavily dependent on petroleum.

The IEA has never before been specific about the point at which conventional oil would peak, although last month it said total crude output could peak in 2030.
Terror Cell: IEA sees peak oil in 2020
Ah, predictions.

What would we have to talk about without them?
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