Meeting

LONDON: The world needs to spend $1tn a year in alternative fuels, starting 20 years before the peak in conventional oil production, in order to mitigate fuel shortages, a US Energy Department study showed.
Production peaks in Texas, the UK and Norway were examined as part of two studies for the department that advised on

Conventional oil production peaked in Texas in 1972, North America in 1985, the UK in 1999 and Norway in 2001, and all of those peaks were