Platts: Global Oil Peak Soon

By Tom Giaever-Enger, originally published by Platts.com / EnergyBulletin.net

October 15, 2004

A presentation delivered by Tom Giaever-Enger, the Managing Editor of Platts, concludes:

Oil producing countries

  • Adjusting to a higher OPEC price band
  • Retain objective to keep oil competitive
  • But global oil production will peak soon

Oil consuming countries

  • Energy efficiency increased in the short-term
  • ASEAN+3 pursuing regional stockpiling, alternatives
  • Economic output hampered in the long term

The presentation was delivered on September 21st at the 20TH ASIA-PACIFIC PETROLEUM CONFERENCE 2004.
 

Platts, in its own words, is the world’s largest and most authorative source of energy industry information and services.
www.platts.com

Tom Giaever-Enger

Tags: Fossil Fuels, Oil

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