Thursday, February 04, 2010

Petrobras Calls Peak Oil in 2010

The Oil Drum has posted an article regarding a presentation by PetroBras' CEO, Mr. Gabrielli in which he concludes that world oil capacity will be unable to offset world oil declines in 2010. In effect, he is calling Peak Oil this year. The article analyzes his presentation and its assumptions. Even adding back in what he leaves out, the article concludes that he is right. By 2013 we will be feeling the pain.

So what do you think our chances are of locating Pandora and switching to Unobtainium as an energy source?

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