"All about Oil and Gas", this is how the Guy Caruso, head of the U.S. Department of Energy in 2005 titled a series of 10 educational posers, which are available for download as pdf files. One of these posters is called " Peak Oil - the Turning Point". The poster is very informative and lists the basic facts about peak oil. However, the Energy Information Agency (EIA) states that they believe that the peak in world in oil production is decades away although the poster also shows forecasts by respected authorities in the field of energy, which claim that the peak is just years away or is even happening right now.*)
So, although somewhat confusing in terms of the actual peaking time, it is remarkable that the U.S. Government comments on the topic of peak oil, and more importantly agrees with the fact of peak oil.
You can download the peak oil poster here and the entire selection of 10 posters about energy can be viewed here.
*) Also compare the EIA report of 2007, which gives very different picture of the peak oil event.
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.