The Peak Oil Crisis: New Years 2006

It is clear that if we have not already arrived at peak oil, then we have at least entered the run-up to the final peak. This year is certain to start with increasing demand for oil. Current world daily consumption of circa 84 million barrels a day (the exact number is always murky) is forecast to increase by about 1.7 million barrels during 2006. Nearly every detached analyst who has looked at the balance between production from new projects and the likely rate that production from existing fields will decline has concluded, at best, the worldwide oil production can grow for another four or five years.

When you throw in the idea that we live in a turbulent world
Falls Church News-Press