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Peak Oil is You


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Page added on February 11, 2010

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Jeremy Leggett – The Next Crisis: Peak Oil

LONDON –

In the report, we produce data that suggests a peak of global oil production at less than 95 million barrels a day, up from some 85 million now, and we summarize fears that could result in a peak of less than 92 million, plus a steep fall beyond the peak, all at a time when demand is rising well in excess of 100 million barrels a day. The data is based on research conducted by consultancy Arup into current and projected oil production levels, extraction costs, exploration projects that are underway or in the pipeline and growth projections for developed and developing nations.

This is a loud blast of the whistle from a fairly broad group of companies. Neither are we alone on this side of the



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