Oil peak fears are false, study says

An authoritative study published last week suggests that perceptions of a quickly approaching peak of oil production are based on incorrect assumptions.
Cambridge Energy Research Associates (CERA), an international energy adviser based in Cambridge, Massachusetts, conducted a field-by-field analysis of the production characteristics of 811 separate oilfields.

It concluded the aggregate oil production decline from its peak is 4.5% compared with the 8% quoted in past studies as evidence that oil production is rapidly falling.

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