Friday, October 31, 2008

World will struggle to meet oil demand [Financial Times]

Output from the world’s oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows.

Heinberg: First deflation, then inflation, then deflation again, until money is worthless and everything of value has been used, drained, burned, cut, eaten, or hoarded.

NVDL: Quite a concern...
clipped from

Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent, the International Energy Agency says in its annual report, the World Energy Outlook, a draft of which has been obtained by the Financial Times.

blog it

No comments: