Energy apocalypse looms as the world runs out of oil!
Forget the Caspian bonanza. Peter Beaumont and John Hooper in Rome report on
claims that producers misled everybody
Sunday July 26, 1998, Observer (london)
The world faces a devastating oil crisis in the early years of the new
millennium, according to a new assessment of conventional oil reserves.
Global production will peak as early as 2002, then decline over the next 70
years, says the analysis. As oil stocks decline, prices will rise steeply
making the oil crises of 1973 and 1979 look 'minor and transitory' by
comparison. The warnings of environmentalists in the Seventies appear now to
have been prescient.
[snip]
[ I just archived this article at: http://dieoff.com/page144.htm ]
Jay
Forget the Caspian bonanza. Peter Beaumont and John Hooper in Rome report on
claims that producers misled everybody
Sunday July 26, 1998, Observer (london)
The world faces a devastating oil crisis in the early years of the new
millennium, according to a new assessment of conventional oil reserves.
Global production will peak as early as 2002, then decline over the next 70
years, says the analysis. As oil stocks decline, prices will rise steeply
making the oil crises of 1973 and 1979 look 'minor and transitory' by
comparison. The warnings of environmentalists in the Seventies appear now to
have been prescient.
[snip]
[ I just archived this article at: http://dieoff.com/page144.htm ]
Jay
