Oil supplies are running out faster than expected
AUG 04, 2009
DOI: 10.1063/PT.5.023563
The Independent : In its first-ever assessment of the world’s major oil fields, the International Energy Agency has concluded that the global energy system is at a crossroads and that consumption of oil is “patently unsustainable,” with expected demand far outstripping supply.Oil production has already peaked in non-Opec countries and the era of cheap oil has come to an end, it warned.
© 2009. American Institute of Physics