На главную


About the “Оil Peak”

Now about the oil peak. This is a wrong interpretation of reality, a very serious mistake: they arithmetically add production of operating oil fields and state: “Well, that’s the peak. It will come literally tomorrow. And then there will be a decline of production”. As I already said, explored oil reserves are increased faster than production grows. The gist of the matter is not in underground “storerooms” exhaustion but in lack of investments and better technologies. Just in this. Because of that “the arithmetic peak” will constantly retreat in time until the moment when world oil consumption stays at a relatively stable (necessary) level. Hence production will also reach not a peak but a settled “shelf”.