The Peak Oil Year 2009
At the start of the 21st century Peak Oil was not an issue. During the 1990s the oil price fluctuated around $20 per barrel and that the price would increase was unthinkable. The International Energy Agency (IEA), the US Energy Information Agency (EIA), the World Bank and others all had prognoses showing that the price would be around $20 per barrel in 2020.


