The UK ERC have done a report on oil production.
Their press release says:
A new report, launched today by the UK Energy Research Centre (UKERC), argues that conventional oil production is likely to peak before 2030, with a significant risk of a peak before 2020. The report concludes that the UK Government is not alone in being unprepared for such an event - despite oil supplying a third of the world’s energy.
The report finds that we are entering an era of slow and expensive oil as resources get harder to find, extract and produce. Major new discoveries, such as those announced recently in the Gulf of Mexico, will only delay the peak by a matter of days or weeks.
The government should wake up to this issue as it is not one that can be spun away. I may ask them to present in the House of Commons to APPG OPO
Their press release says:
A new report, launched today by the UK Energy Research Centre (UKERC), argues that conventional oil production is likely to peak before 2030, with a significant risk of a peak before 2020. The report concludes that the UK Government is not alone in being unprepared for such an event - despite oil supplying a third of the world’s energy.
The report finds that we are entering an era of slow and expensive oil as resources get harder to find, extract and produce. Major new discoveries, such as those announced recently in the Gulf of Mexico, will only delay the peak by a matter of days or weeks.
The government should wake up to this issue as it is not one that can be spun away. I may ask them to present in the House of Commons to APPG OPO
Comments