Peak Oil Articles and Information

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Landmark Reports

“The Oil Crunch – a wake-up call for the UK economy”, Feb 10, 2010
“The second report of the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES) finds that oil shortages, insecurity of supply and price volatility will destabilise economic, political and social activity potentially by 2015.

 

CIBC World Markets report on global oil supply challenges, Jan 10, 2008
“surging demand… combined with accelerated depletion… will see the global supply of oil fall as much as eight million barrels a day below U.S. Department of Energy and International Energy Agency estimates by 2012.”

 

Energy Watch Group: “Crude Oil – The Supply Outlook“, Oct 13, 2007
“This paper is one of many… showing that peak oil is anything but a ‘theory’, it is real and we are witnessing it already.”

 

National Petroleum Council (NPC): “Facing the Hard Truths about Energy“, July 18, 2007
“The Council found that total global demand for energy is projected to grow by 50-60 percent by 2030… At the same time, there are accumulating risks to the supply of reliable, affordable energy to meet this growth…”

 

US Government Accountability Office (GAO) report on Peak Oil, Feb 28, 2007
“Uncertainty about Future Oil Supply Makes It Important to Develop a Strategy for Addressing a Peak and Decline in Oil Production.”

 

“Hirsch report” to US Department of Energy (DoE), Feb 2005
“The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem.”

 

In the Press

The Guardian: “Key oil figures were distorted by US pressure, says whistleblower”, Nov 9, 2009
“The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.”

 

Wall Street Journal Blogs: “Peak Oil: Get Ready for the Oil-Supply Crunch, IEA Says”, Nov 12, 2008
“Lower oil prices these days are both a result of the economic slowdown and a possible cushion. But they could be a very mixed blessing.”

 

Time Magazine: “Peak Possibilities”, Nov 21, 2007“In July 2006, the world’s oil rigs pumped out crude at a rate of nearly 85.5 million bbl. a day. They haven’t come close since, even as prices have risen from $75 to $98 per bbl. Which raises a question of potentially epochal significance: Is it all downhill from here?”

 

The Wall Street Journal: “Oil Officials See Limit Looming on Production”, Nov 19, 2007
[published on the front page] “A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day.”

 

Business Week: “From Peak Oil To Dark Age?”, June 25, 2007
“Regardless of the implications for climate change, peak oil represents a mortal threat to the U.S. economy.”