Worried about the future? Then don't peek!

on

World oil production has already peaked and will fall by half as soon as 2030, according to a report which also warns that extreme shortages of fossil fuels will lead to wars and social breakdown.

The German-based Energy Watch Group will release its study in London today saying that global oil production peaked in 2006 – much earlier than most experts had expected. The report, which predicts that production will now fall by 7% a year, comes after oil prices set new records almost every day last week, on Friday hitting more than $90 a barrel.

Related Posts

on
As more than a billion gallons of oil and gas wastewater flood beneath Ohio, pollution concerns reach its heated governor’s race.
on
The agency is loosening methane rules while keeping its authority to regulate them. Critics say the stance leaves federal climate law in limbo, inviting a bigger rollback later.
on
Lord Agnew and Paul Marshall, who also owns The Spectator, are shareholders in Equinor and Shell.
on
A Q&A with Astra Taylor, co-author with Naomi Klein of ‘End Times Fascism and the Fight for the Living World.’