Thursday, November 10, 2005

CBS News | How Soon Will Oil Supplies Peak? | November 9, 2005

Story here

..."Trying to pinpoint the date when oil production peaks has become something of a guessing game of late. There have been at least seven predictions that the peak could come within five years. A U.S. Department of Energy analysis in 2000 studied 12 scenarios for peaking, with the mean peak coming in 2016. If true, that gives the U.S. 10 years to prepare — too little time to avoid dislocations.

Several experts say it is time for Congress and the president to pay closer attention to the peaking issue, and to take steps soon enough to protect America's energy future."

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