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Bryan's Blog 2005/08/15
When will the oil run out?
A few days ago I reported articles in Science on the rate at which oil might run out. Today I found this which states that the Saudi's are saying that OPEC wont be able to support demand in a mere ten to fifteen years. (I haven't read the entire article as I don't have access to an FT subscription).
This at the same time as
Combined production of crude oil and liquids by some of the world?s largest non-OPEC oil companies declined 0.2% in the first half of 2005 compared to the same period in 2004.
(source: Green Car Congress)
Maybe this is going to be a problem before I get to retirement ...