Peak Oil: Gone for Now but Celebrations will be Short Lived
Given
the increase in the amount of oil that China and India are importing,
it looks as if there will be no oil available for other countries to
import in another decade, experts warn.In recent months, there has been a
spate of stories in the press pronouncing that any imagined energy
crisis is over for the foreseeable future, and that the notion that
world oil production will peak is now dead. These stories talk about the
great quantities of oil being found deep under the sea or that will
soon be found beneath the Arctic ice cap, or in what are…Read more...http://oilprice.com/Energy/Crude-Oil/Peak-Oil-Gone-for-Now-but-Celebrations-will-be-Short-Lived.html
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