On November 17, 2009
Peak Oil? Not Here and Not For Decades, CERA Study Says
Peak oil — that much-debated moment when the world can no longer produce the oil and gas it needs and wants — is decades away, according to a recent study by IHS Cambridge Energy Research Associates. Global oil production will grow from about 92 million barrels a day to around 115 million barrels per day through 2030 with no evidence of a peak in supply before that time, according to the CERA report by senior director Peter M. Jackson. And supply won’t reach a point and suddenly drop off, says CERA, a consulting firm founded by Daniel Yergin, who remains a controversial figure because of his half-glass full views in the peak oil debate. Instead, this “inflection point” will mark the beginning of a plateau…
0 Comments