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Thursday, November 1, 2007

Voice of America Reports on Peak Oil

Now, it seems the topic of peak oil is all over the media. CNN, Reuters and Voice of America is reporting in detail about events that hint we are at world peak oil production. These are dramatic events, not noticed yet by the public because prices and supply constraints have not reached the consumers hard yet. However, based on these news, people should be alerted. I really hope people will be prepared for the consequences of declining oil supply and maybe even shortages not only at the pump.

Here is a good Voice of America report including a 3 minute video report about the October 2007 ASPO conference in Houston:

http://www.voanews.com/english/2007-10-31-voa81.cfm

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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.

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