Web Date: March 15, 2010
New Date For Peak Oil Production
A team of petroleum engineers has reworked a basic model for gauging conventional crude oil production and determined that world output may peak in 2014, nearly a decade earlier than previous projections. The analysis could speed up moves to conserve oil and intensify already intense efforts to develop biofuels and other alternative energy sources.
Several models based on historical oil production and known oil reserves have been developed to forecast when global oil production will . . .
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