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Old 6th Nov 2008, 08:46
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ChrisLKKB
 
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Originally Posted by v6g
Nobody is suggesting that oil is going to "run out" in our lifetimes. My suggestion is that very soon, supply will begin to decline (or more likely, enter a prolonged plateau) and be unable to keep up with increasing demand.
How soon ? Research by Cambridge Energy Research Associates (CERA) predicts oil production capacity is set to grow by 25% by 2015 and spare crude capacity to grow from 2 million barrels to 12 million barrels by 2010.
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