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OPEC says peak oil (and $100 oil) is near
Production; Extraction; ExplorationIn the most recent edition of the OPEC Bulletin, recently put online on the OPEC webline and which can be read here (120 page pdf - relevant bit on p.60), OPEC - via a senior member, i.e. Dr Shokri Ghanem, Chairman of the People’s Committee, the National Oil Corporation (NOC) of Libya - addresses the issue of peak oil head on:

while some of the more pessimistic oil specialists are declaring that peak oil has already been passed, or at best is here now, others believe it is not going to arrive before 2010. Some optimists give the world a little more breathing space — that is to say up to 2020, and perhaps even up to 2030. However, all in all, most would appear to agree that peak oil output is not very far away for all of us. It could take place sometime within the next decade or so, which in fact means that there is not much time left for a world economy to be driven largely by oil.


Joe has posted the relevant excerpts for those who don't want to download the whole PDF.

Original article at DailyKos.

Posted on Tuesday, December 19 @ 10:12:39 PST by Leanan
 
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"OPEC says peak oil (and $100 oil) is near" | Login/Create an Account | 3 comments | Search Discussion
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Re: OPEC says peak oil (and $100 oil) is near (Score: 1)
by grabby on Tuesday, December 19 @ 11:53:03 PST
(User Info )
POIP
 
Peak oil is past.
Soon comes peak inflation.



Re: OPEC says peak oil (and $100 oil) is near (Score: 1)
by grabby on Tuesday, December 19 @ 21:51:00 PST
(User Info )
PEAK OIL IS NOT VERY FAR AWAY, IT COULD TAKE PLACE WITHIN THE NEXT 500 YEARS.
That is so funny.
We're past peak already.