Soooo, energy use is due to increase massively……
Crude oil production is due to decline…
Lot of oil to come (supposedly) in the near future from fields which haven’t even been found yet.
Peak oil is not just here — it’s behind us already.
That’s the conclusion of the International Energy Agency, the Paris-based organization that provides energy analysis to 28 industrialized nations. According to a projection in the agency’s latest annual report, released last week, production of conventional crude oil — the black liquid stuff that rigs pump out of the ground — probably topped out for good in 2006, at about 70 million barrels a day. Production from currently producing oil fields will drop sharply in coming decades, the report suggests.
The I.E.A.’s stance that 2006 will be the year global supplies of conventional oil reached their ultimate peak is a more pessimistic take than its previous assessments. In 2008, the organization projected that conventional oil production would continue to slowly climb for several more decades.
This is quite interesting too, basically shows why there will be no hope of future generations (myself included) ever retiring.