Can technology help find oil fast enough? Debate over ‘peak oil’ turns on industry advances
With oil prices hitting new highs, proponents of so-called “peak oil” argue that the world may be approaching the point where production can’t keep up with demand. And innovations, like 3D, are at the center of a debate over whether technology can help replace the world’s known oil supplies before they are depleted.
September 22, 2004
How long will the world’s oil last?
Since oil production peaked in the United States in 1970, a growing number of geologists, economists and industry analysts have been pondering the question of just how long worldwide supplies will keep up with growing demand. And some are predicting that global production may peak as soon as next year.
September 8, 2004
Oil prices surge on fears of supply shortfall
Possible shutdown of Russian oil giant Yukos sparks rally.
July 27, 2004