The looming oil crisis could arrive uncomfortably soon
Forecasts of peak oil production have ranged from Thanksgiving weekend 2005 to somewhere beyond 2050. But at the annual meeting of the American Association of Petroleum Geologists (AAPG) in Long Beach, California, early this month, the latest answer emerged: World oil production could stop growing as early as 2020–too soon to avoid a crisis–or it could hold off until 2040.
April 20, 2007