Peak Oil Watch

“Peak Oil” is the highest point on the oil production curve. After we reach “Peak Oil” (and we may have already reached it) it is a downward slope of oil production until we completely run out of oil. The world needs an alternative supply of energy, very soon, or we will face a downward spiral of economic troubles caused by an increasingly lower supply of oil until we reach worldwide economic collapse.

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2010-01-31 3:20

Islamization Watch: DAVOS-Saudis say don't worry about peak oil

Total’s (TOTF.PA) chief executive Thierry Desmarest said the world would struggle to surpass 95 million barrels per day (BPD) in the future — 10 percent above present levels. “The problem of peak oil remains,” he told the same panel. …

More: continued here

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