The Oil Drum: ”Peak Oil: What’s Ahead?”

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This is a draft of Chapter 3 of my booklet.

Quite a few of analysts are saying that peak oil is here now. Suppose they are right — what kind of changes can we expect to see in the years ahead?

In this section, we will look at projections of oil supply, and discuss what of the consequences of this declining supply might be. While it is possible that peak oil is not for a few years, this analysis will assume the peak year is 2006, with decline starting in 2007. If this assumption turns out to be a little early, the worst that will happen is that we will be a little ahead in our planning.
Much more after the jump to The Oil Drum.