Hi folks,
The Oil and Gas Journal is reporting that world oil production will peak in just 8 years.
If true there is not much time.
Prius: More than a Car
Nathan
"The resulting economic shocks will rival those of the 1970s, as oil prices "could double and treble within 2 or 3 years as the world changes from oil abundance to oil scarcity. The world is facing a future of major oil price increases, which will occur sooner than many people believe," that report concluded."
http://ogj.pennnet.com/articles/EdP...ICLE_ID=152444&PUBLICATION_ID=7&VERSION_NUM=1
The Oil and Gas Journal is reporting that world oil production will peak in just 8 years.
If true there is not much time.
Prius: More than a Car
Nathan
"The resulting economic shocks will rival those of the 1970s, as oil prices "could double and treble within 2 or 3 years as the world changes from oil abundance to oil scarcity. The world is facing a future of major oil price increases, which will occur sooner than many people believe," that report concluded."
http://ogj.pennnet.com/articles/EdP...ICLE_ID=152444&PUBLICATION_ID=7&VERSION_NUM=1
