UK government responds to oil depletion e-petition
“The Government’s assessment is that the world’s oil resources are sufficient to prevent global total oil production peaking in the foreseeable future. This is consistent with the assessment made by the International Energy Agency (IEA) in its recent 2007 World Energy Outlook (WEO), which concludes that proven reserves are already larger than the cumulative production needed to meet rising demand until at least 2030.”


