On March 18, 2006, CNN has hosted a show on the topic of Energy: CNN Presents - ''We Were Warned Tommorrow's Oil Crisis'' . This presentation revealed the vulnerability in regards to energy security in the US.
Now, October 30, 2007, CNN reports about the topic of peak oil and is quoting experts* who claim the world crude oil production has already peaked and any crude oil disruption will create a supply disruption and this might trigger an energy crisis - Today. Tomorrow seems to be Today now!
CNN Report: 'World at peak oil output'
*) Experts from the Energy Watch Group in Germany. You can read the entire October 2007 report at:
Welcome to the Crude-Oil-Alerts Blog!
You might have heard: oil is a finite resource. So, it will run out one day. But before that happens crude oil production rates will decline and world oil supply is at risk. Some say peak production is already at hand and the curde oil markets are out of control. The goal of this blog is to provide the most comprehensive and updated platform on the topic of peak oil.