Global Oil Output to Peak in 2010 – Diapason

Schlumberger – Global oil output could reach its production peak by 2010 leaving increasing emphasis on the use of agricultural products for energy supply, Stephan Wrobel, chief executive of Swiss-based asset management fund Diapason Commodities Management SA told the Dow Jones European Commodity Investment conference in Frankfurt Tuesday.

“Currently the world derives some 60% of its energy from fossil fuels but these supplies are limited – the global ‘production peak’ of oil could be reached by around 2010,” Wrobel said.
Schlumberger