WorldWatch 2

WorldWatch has received yet another warning in that the world has reached the point of maximum oil output and production levels will halve by 2030 — a situation that will eventually lead to war and disaster...

A German-based Energy Watch Group released a report Tuesday saying the world’s oil production peaked in 2006 and from now on will drop by around 3 percent a year. It says that by as early as 2030, the global availability of oil will be half of what it was at its peak.…
The report was commissioned by the German environmentalist Green Party who predicted that the world will come into a big economic crisis in the coming years.....!The report warns that coal, uranium, and other key fossil fuels are also in declining supply. It predicts the fall in fossil fuel production will bring with it the threat of war, humanitarian disaster, and general social unrest.

Is this report just another “scaremongering”, on who can we trust...

On the other hand we have oil and gas market analysis and forecasting at the Center for Global Energy Studies in London, saying that there are plenty of supplies and no looming crisis.

Perhaps and based on the present situation the real problem will be that oil could be left in the ground and we could move on to another fuel in the future, not because we’re running out of oil but because, economically speaking, it is not worth extracting the oil...however we all agree that oil prices could continue to rise, especially if there is further instability in the Middle East.

So we once more appeal to the powers that be, to bring forward alternative energy solutions...THE SOONER THE BETTER...