Warning over global oil 'decline'

Posted October 8th, 2009 by Ian Jones
in

There is a "significant risk" that global production of conventional oil could "peak" and decline by 2020, a report has warned. The UK Energy Research Council study says there is a general consensus that the era of cheap oil is at an end.
http://news.bbc.co.uk/1/hi/uk/8296096.stm
http://www.ukerc.ac.uk/support/tiki-index.php?page=Global+Oil+Depletion