Thursday, April 28, 2005
Oily Intelligence
Or, what if the information analysts are using to predict the future of the oil-based economy is as faulty as the intelligence the Bush Administration used to take us to war? From Analyst fears global oil crisis in three years
Tags: Peak Oil
"This is a new era," Mr Simmons told a conference of oil industry analysts, government officials and academics in Edinburgh. "There is a big chance that Saudi Arabia actually peaked production in 1981. We have no reliable data. Our data collection system for oil is rubbish. I suspect that if we had, we would find that we are over-producing in most of our major fields and that we should be throttling back. We may have passed that point."
Tags: Peak Oil
Permalink posted by frigatebird @ 1:33 PM 
