Thursday, December 17, 2009

Peak-oil confirmed!

Finally! The International Energy Agency finally recognized that there will be a peak-oil (a maximum of daily production volumes). They think it will be in 2020. I think they are still being optimistic, but compared to the complete denial that they were communicating until now, 2020 should be a pretty alarming date.

Here is the article from The Economist:
The peak-oil debate: 2020 vision

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