In this fascinating Australian ABC TV piece on peak oil, Dr Fatih Birol, Chief Economist of the International Energy Agency states that,
“When we look at the oil markets, the news in not very bright. We think that crude oil production has already peaked in 2006”
“The existing fields are declining sharply, in the North Sea, In the United Sates, Gulf of Mexico. Just to stay where we are today, we have to find 4 new Saudi Arabias. This is a tall order.
As the Catalyst reporter says in the piece, the International Energy Agency puts together the forecasts for oil production for the next 20 years. It’s the organization many governments look to for advice on energy. It’s the voice of mainstream thought on energy matters.
As you will see in the video, there is debate about just how fast the decline of oil is, and how much is yet to be developed, and yet to be found. However, it seems many experts agree that there is a definite decline in existing oil fields, and we are around or have already gone beyond peak oil.
Hadn’t we better get on with finding viable alternatives, and much cleaner ones at that?
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