IEA says World Crude Oil Production Peaked in 2006
MAY 21, 2011
According to the IEA the crude oil production in the world has already peaked in 2006. Australia's Broadcasting Corporation's Catalyst program had a peek at Peak Oil and made some fairly stark discoveries. Existing fields are declining sharply. Worse, we need to find the equivalent of four new Saudi Arabias ! Let me repeat that 4 new Saudi Arabias needed somewhere , anywhere !