UK’s Energy Research Center says timing of peak oil may be accelerating, based on 500-study review

Biofuels Digest
October 26, 2009 Jim Lane

In the UK, the Energy Research Center released a review of 500 studies on the theory of peak oil and concluded that “the rate of decline of production is accelerating. More than two thirds of existing capacity may need to be replaced by 2030 solely to prevent production from falling.”

The report concluded that “while large resources of conventional oil may be available, these are unlikely to be accessed quickly and may make little difference to the timing of the global peak.” The authors also warned that a global peak in production may be reached as soon as 2020.

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