Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, March 1, 2013

Peak Oil: Gone for Now but Celebrations will be Short Lived

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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