No Peak Oil Before 2030
Hard to know what to think! A NYT blog called ‘Green Inc.’ writes that a study by IHS Cambridge Energy Research
Associates released this week says oil supplies will continue growing for the next 20 years, and plateau for another 20 years after that.
The report, called “The Future of Global Oil Supplies: Understanding the Building Blocks,” shows how oil supplies will reach 115 million barrels a day around 2030, up from 92 million barrels today. They will remain at that level through 2050. (The report sets a lower peak level than in recent years, IHS said, because the recession had led companies to reduce their investments and demand is not expected to rise as high as previously thought.)
We don’t know. It the world flat after all?
