Shell: Peak oil in 7 years

28 Jan

Shell is calling peak oil will begin in 2015.  Will the days of cheap, easy motoring be over so soon or will we just go nuclear?  Neither scenario bodes well for a world that seems unable to stop consuming.

World demand for oil and gas will outstrip supply within seven years, according to Royal Dutch Shell.

The oil multinational is predicting that conventional supplies will not keep pace with soaring population growth and the rapid pace of economic development.

Jeroen van der Veer, Shell’s chief executive, said in an e-mail to the company’s staff this week that output of conventional oil and gas was close to peaking. He wrote: “Shell estimates that after 2015 supplies of easy-to-access oil and gas will no longer keep up with demand.”

Price of gasolines 200708_26_04 - 96.9¢/L IMG_8669 On the Run 20070831_074624 1D3_05360 Shell station Patriot Gasoline, Eureka Gasoline savior waiting to serve Gas prices Aug 2007, Arlington, VA Out of Gas Early Morning Gasoline Gas price not at BJs Pump 4 (365.124) Exxon Western gasoline brands Car Hacker’s Hummer Gets 60 MPG 50 MPG+ And Cleaner Than Gasoline: Where Are The ‘Clean-Diesels’?

Tags: | | | | | |

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: