Thursday, October 8, 2009

'Significant Risk' Of Oil Production Peaking In Ten Years, Report Finds

Offshore oil rig at sunset. (Credit: iStockphoto/Kristian Stensønes)

From Science Daily:

Science Daily (Oct. 8, 2009) — A new report, launched by the UK Energy Research Centre (UKERC), argues that conventional oil production is likely to peak before 2030, with a significant risk of a peak before 2020. The report concludes that the UK Government is not alone in being unprepared for such an event - despite oil supplying a third of the world's energy.

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