Middle East Economic Survey

VOL. XLIX

No 17

24-April-2006

Peak Oil And High Price Era Claims Too Early, Says CGES

Many people are convinced that the industry has entered a new era of much higher oil prices, some believe that high prices are likely to be the norm for the foreseeable future, and others prophesy that there will be no return to cheaper oil because we are already at or very near peak oil, according to the Centre for Global Energy Studies (CGES). However, in the report Are High Oil...