Page added on May 11, 2007
…The world’s soaring thirst for energy will be the biggest issue over the next few decades–not global warming, overpopulation or even the death and devastation of war (which will most likely start over the energy crisis).
And the catalyst of the energy crisis will be Peak Oil.
If you don’t believe me, I understand. But I would urge you to look at the news coming out every day. You’ll see a fossil-fuel driven world gasping for breath.
We see an oil industry fighting for dear life to keep oil production up. Ninety percent of the earth’s largest oil fields have already entered into depletion.
Today, we found out that oil shipments of North Sea Brent crude will fall next month. About 6.5 million barrels of oil are expected to be shipped in June, compared to the 6.9 million barrels scheduled for May delivery. That’s a drop of roughly 5.6%.
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