[Ost-news] Ringing alarm of peak oil: 'Fault line of world economic history, ' report warns

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Fri, November 16, 2007  
Ringing alarm of peak oil  
'Fault line of world economic history,' report warns

By VIVIAN SONG, SUN MEDIA

World oil production may have reached its peak and will affect everything from cheap airfares, grocery lists and the auto industry, according to a new report released yesterday.

Momentum in global oil production is slowing with aging oil fields and fewer discoveries, since the world has been "seismically searched and picked over," the report from the Earth Policy Institute, an environmental think tank, claims.

[read more][1]

    [1]: http://oilsandstruth.org/ringing-alarm-peak-oil-039fault-line-world-economic-history039-report-warns

URL: http://oilsandstruth.org/ringing-alarm-peak-oil-039fault-line-world-economic-history039-report-warns