Doomsday scenario for oil

A gloomy forecast about the future of the oil industry


Skrebowski said that latest BP statistics showed that peak is already happening in some regions. “OECD production peaked in 1997 and has now declined by 2.2 million barrels a day (10.4 percent),” he said.

“Non-Opec, non-former Soviet Union production peaked in 2002, and has now declined by 771 000 barrels a day (2.15 percent). North America/Mexico peaked in 1997. North Sea