-- A COMMODITY INVESTMENT SITE FOR THE PUBLIC / WORLD ENERGY PROSPECTS
Wednesday, September 5, 2007
US Government Accountability Office Announces Peak Oil
In February 2007, the United States Government Accountability Office (GAO) released a detailed report addressing a peak in oil output. You can find the 82 page long study here: http://www.gao.gov/new.items/d07283.pdf.
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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