February 7, 2012

World energy briefing hears of peak oil by 2020

The world’s energy ministers are currently discussing a forecast of global oil supplies “peaking between 2020-2025.” The International Energy Forum is the world’s largest gathering of Energy Ministers, who collectively represent “more than 90 per cent of global oil and gas supply and demand.” It is meeting March 29 –31 at the Mexican resort of Cancun. It will be considering peak oil with a document titled Unpacking Uncertainty: Investment Issues in the Petroleum Sector, written by “strategic advisors” PFC Energy, chosen to give an impartial overview of the various oil supply claims.

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