Middle East Economic Survey

VOL. LII

No 41

12-Oct-2009

UKERC Sees Oil Production Peak Before 2030

A UK-based sustainable energy research body, the UK Energy Research Centre (UKERC), on 8 October issued a report arguing that conventional oil production is likely to peak before 2030, with a significant risk of a peak before 2020. The world is entering an era of slow and expensive oil as resources get harder to find, extract and produce. Major new discoveries, such as those announced recently in the...