No really - turn out the bloody lights. If the German organisation Energy Watch Group is to be believed peak oil is not just on the horizon, in the rear view mirror as it happened last year. According to their study, released today, world oil production has reached the "half gone" point and output will fall by approximately 7% per annum and expects world wide production, currently around 81 million barrels per day, to fall to 31 million barrels per day by 2030.
If it's not to late you might want to flog the SUV before it is worthless.
If it's not to late you might want to flog the SUV before it is worthless.
No comments:
Post a Comment