Peak Oil

Philippines
March 4, 2007 10:05pm CST
What do people think about Peak Oil? Is civilisation heading for the edge of a cliff at a breakneck speed, or is it all a load of rubbish?
1 person likes this
2 responses
@efreddy (250)
• Belgium
19 Jul 07
In Norway,USA,Mexico and the UK peak oil is already a fact,the production there is slowing despite the current high prices. 507 fields 1% of the total fields are good for a production of 60% and 65% of the reserves,most of them were discoverd in the sixties,in the most bad case the peak of the production are 2008 and in the best case it is 2013 (from what we know on this moment with the current technology). 100$ a barrel isn't a crazy prediction anymore.
@aries_0325 (3060)
• Philippines
5 Mar 07
Its a load of Rubbish. We DO need to reduce our dependance on oil, but its for political reasons, not environmental ones as much. Alarming headlines do not a truthfull story make.