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Peak Oil

4dsc

(5,787 posts) Sun Jan 1, 2012, 01:04 PM Jan 2012

Oil will decline shortly after 2015

Olivier Rech developed petroleum scenarios for the International Energy Agency over a three year period, up until 2009. Since then, he has been advising large investment funds on behalf of La Française AM, a Parisian assets management firm.

His forecasts for future petroleum production are now much more pessimistic than those published by the IEA. He expects stronger tensions as of 2013, and an inevitable overall decline of oil production "somewhere between 2015 and 2020", in the following exclusive interview.

http://petrole.blog.lemonde.fr/2011/12/30/oi-will-decline-2015-according-to-a-former-expert-of-the-international-energy-agency/

I suspect we are going to see more and more of these types of stories in the coming years.

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