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Oil Giant TOTAL Petroleum issues dire WARNING : "Oil Age To Be Terminated Soon"

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posted on Jun, 4 2008 @ 02:36 PM
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It is just another confirmation for the peak oil theory but this time from one of the major global oil players, Total Petroleum, and therefore worthwhile to pick it up:

Link to story:

66.196.80.202...


Independent experts always suspected it - now it admits for the first time an energy energiemulti: The world-wide oil production will reach, warns probably soon its maximum the French company total. Past estimations are “too optimistic” - the enterprises find not enough new occurrences.



Original Link:

www.spiegel.de...



[edit on 4-6-2008 by Terrapop]

[edit on 4-6-2008 by Terrapop]




posted on Jun, 4 2008 @ 02:39 PM
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reply to post by Terrapop
 


So is it the truth, or do they think the gravy train that the speculators have created is about to end? They stand to make a lot of money if they can continue to drive prices higher. What is to stop them from trying to scare the public a little?

Peak Oil wouldn't surprise me, but I just don't believe a word that these guys say anymore.



 
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