posted on Apr, 14 2005 @ 08:34 AM
This was taken from Rolling Stone and was adapted from The Long Emergency, 2005, by James Howard Kunstler (Nice name huh.)
...Now we are faced with the global oil-production peak. The best estimates of when this will actually happen have been somewhere between now and
2010. In 2004, however, after demand from burgeoning China and India shot up, and revelations that Shell Oil wildly misstated its reserves, and Saudi
Arabia proved incapable of goosing up its production despite promises to do so, the most knowledgeable experts revised their predictions and now
concur that 2005 is apt to be the year of all-time global peak production.
It will change everything about how we live.
Read the full article here: