Entering the Tough Oil Era

Recent reports from pillars of the Big- Oil/wealthy-nation establishment suggest that the basic logic of peak-oil theory is on the mark and hard times are ahead when it comes to global oil-and-gas sufficiency.

“Peak oil” becomes burning issue

Swiss scientists say politicians and the public should have a greater awareness of “peak oil” – the moment when the world’s maximum crude oil output is reached. “It’s as if we planned to climb the Matterhorn to get to the summit at midnight, leaving it much too late to descend.”