Craig Wolf

Future of oil supply is murky, Demand in U.S. is growing fast

The world’s supply of petroleum is finite. Demand is increasing rapidly. And discoveries of new oil fields are declining. These three trends chart a collision course for the world’s most crucial commodity and its economy. But experts disagree about when the crunch will hit. Get this: Some say seriously the peak of global oil production is close at hand.

October 30, 2004

Leave a Comment