Oil prices on rise till 2010: expert

The price of oil would continue to rise until world oil production peaks in 2010 with any weather or political disruption able to cause a spike in price, an oil expert said today.

The London-based editor of Petroleum Review, published by the UK’s Energy Institute, Chris Skrebowski said in Perth that world production would peak about 94 million barrels of oil per day, up from present levels of between 85 million barrels and 86 million barrels per day.
The Australian