The Oil Drum: The IHS Energy View of Peak Oil

Recently, Robert Esser of CERA testified before congress World Oil Production capacity to increase up to 25% by 2015; No peak seen for decades, US Congressional Committee told.

“A detailed new audit of our own analysis and the enormous scale of reserve upgrades in existing fields, confirmed by the most extensive and complete databases on field production – the proprietary databases of IHS, of which CERA is now part – contradicts those who believe that peak oil is imminent,” Esser testified.

CERA was acquired by IHS Energy in September, 2004, so of course this amounts to CERA auditing itself.

Much more after the jump to The Oil Drum.