Offshore oil rig at sunset. (Credit: iStockphoto/Kristian Stensønes)From Science Daily:
Science Daily (Oct. 8, 2009) — A new report, launched by the UK Energy Research Centre (UKERC), argues that conventional oil production is likely to peak before 2030, with a significant risk of a peak before 2020. The report concludes that the UK Government is not alone in being unprepared for such an event - despite oil supplying a third of the world's energy.
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My Comment: I am always skeptical of such reports. The idea of "peak oil" has been around for a long time, and they are always pushing the due date further into the future. But I do know that as the world develops towards our standard of living, energy demands and needs are going to increase. Will there be friction .... definitely. Will there be wars and conflicts .... definitely. Are there real solutions to prevent this .... not for now.