The Oil Drum:UK Letter from Energy Minister

The Energy Minister Malcolm Wicks has recently responded to a letter from energy awareness organisation PowerSwitch. The letter directly addresses peak oil, dismissing peak before 2030 provided the necessary investments are made.  On discovery he believes the decline in discovery since the sixties was due to lack of drilling in the Middle East and FSU caused by the large proved reserves but he expects this trend to change, with more and larger fields being discovered as drilling picks up.