[news] Steep Decline in Oil Production Brings Risk of War and Unrest

[Mostly Water - "Canadian" and International alternative news feed]

Ashley Seager | October 22, 2007 | The Guardian  
[![][1]][2]  
World oil production has already peaked and will fall by half as soon as 2030, according to a report which also warns that extreme shortages of fossil fuels will lead to wars and social breakdown.

The German-based Energy Watch Group will release its study in London today saying that global oil production peaked in 2006 - much earlier than most experts had expected. The report, which predicts that production will now fall by 7% a year, comes after oil prices set new records almost every day last week, on Friday hitting more than $90 (£44) a barrel.

  


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    [1]: http://mostlywater.org/system/files/images/oil+tanker.thumbnail.jpg ()
    [2]: http://mostlywater.org/
    [3]: http://mostlywater.org/steep_decline_in_oil_production_brings_risk_of_war_and_unrest

URL: http://mostlywater.org/steep_decline_in_oil_production_brings_risk_of_war_and_unrest