According to this report, we only have 4 years left until the world hits its peak production of oil. After that, its all downhill. Of course, BP says we have 40 years left. My guess is that the truth is somewhere in the middle. But either way, oil depletion will wreak havoc with the world economy.
Wednesday, June 13, 2007
World Running Out of Oil
According to this report, we only have 4 years left until the world hits its peak production of oil. After that, its all downhill. Of course, BP says we have 40 years left. My guess is that the truth is somewhere in the middle. But either way, oil depletion will wreak havoc with the world economy.
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Other analyses say we've already hit peak production. I think they're right.
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