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 […]

The former White House consultant, Roger Bezdek, who is on a trip to Australia, has urged the Oz federal government to rigorously assess the looming impact of peak oil.
He called for the government to create an independent body to study peak oil and create solutions ahead of a “liquid fuels crisis”.

The day after being attacked by Tony Blair for its reporting, the Independent newspaper once again leads on a story of huge importance.
The paper looks at how leading scientists have criticized BP’s Annual Review of the world’s remaining oil reserves, warning that the end of oil is coming sooner than governments and oil companies are […]

Development of the remaining untapped oil reserves will push world production to its ultimate peak as early as 2020, before a long, slow decline begins near mid-century, according to petroleum geologists, speaking at their annual conference.
“The peak in world oil production is not imminent, but is nevertheless foreseeable,” said Richard Nehring, an independent petroleum geologist […]