Quote of the Day | 1225

Dr. Richard G. Miller, who worked for BP from 1985 before retiring in 2008, said that official data from the International Energy Agency (IEA), US Energy Information Administration (EIA), International Monetary Fund (IMF), among other sources, showed that conventional oil had most likely peaked around 2008.

Dr. Miller critiqued the official industry line that global reserves will last 53 years at current rates of consumption, pointing out that “peaking is the result of declining production rates, not declining reserves.”

, “Former BP geologist: peak oil is here and it will ‘break economies”’

[x]#11420 fan woensdag 25 december 2013 @ 01:08:01

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