Output peaked in 2006 and will fall 7% a year... World oil production has already peaked and will fall by half as soon as 2030
World oil production has already peaked and will fall by half as soon as 2030
well if it falls by 7% a year, then it hits 50% in about 9 years not 23
for it to halve by 2030, then it would fall by about 3% per year. Any idiot can face a crisis - it's day to day living that wears you out.
(Didn't see your comment before I started mine.)
then you're looking at the oil supply halving by 2040, which still isn't good. Any idiot can face a crisis - it's day to day living that wears you out.
