September 8th, 2012 by International Economic Platform for Renewable Energies
According to a study by the International Economic Platform for Renewable Energies (IWR), a renewable energy institute in Muenster, Germany, the amount of crude oil drilled from the North Sea dropped to 124.7 million tonnes in 2011. This is a 12% decline from 2010 when 140 million tonnes of crude oil was extracted, and represents […]
January 27th, 2012 by Nature
The impact of dwindling oil supplies on the economy is a persuasive argument for shifting away from fossil fuels, write Professor James Murray and Sir David King in a Comment piece in Nature published on 26 January 2012. There was a ‘tipping point’ for oil in 2005. Before then,
February 14th, 2011 by Richard Lord
Jeremy Gilbert, former Chief Petroleum Engineer for BP says “Peak Oil, I believe, probably is happening as we speak or has happened.” Jeremy Gilbert believes the technology is available to extract oil from remote and deep-sea locations but he doubts that the investment is available. “We are seeing fields which are more difficult to develop. […]