Slowly but surely the unthinkable is becoming thinkable. The days of “peak” are fast approaching, and such is the shortage of new areas coming on stream that there is a “production ceiling” to the amount of oil that can be pumped per day to an ever thirsty world.
Take the Wall Street Journal this morning. “A […]

In the late winter of 2006, the citizens of Burlington, Vermont prepared to elect one of five candidates to a three-year term for an open mayor’s seat.  At one forum, a citizen stood up and asked, “Within the next mayoral term, it’s likely the price of oil will hit $90 a barrel and gas will […]

Leading figures from the Middle East oil industry have added their voices to those warning that the world is struggling to sustain rising oil production.
“There is a real problem — that supply may not be possible to increase beyond a certain level, say around 100 million barrels,” Libya’s National Oil Corporation chairman Shokri Ghanem said […]

World oil production peaked in 2006 and will fall by half as soon as 2030, according to a report which also warns that extreme shortages of fossil fuels will lead to wars and social breakdown
The German-based Energy Watch Group’s report predicts that production will now fall by 7% a year.

As oil prices hit another record, breaching the $81 a barrel mark for the first time, there is yet another warning that the oil price is likely to hit US$100 a barrel by the end of next year.
This is due to soaring rates of domestic oil consumption in the world’s leading oil producing nations will […]