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...
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