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SEARCH More than 6,000 stories! A great gift for crisis deniers! Humoring the Horror of the Converging Emergencies 94 color pages $24.99 now $15! Or read FREE online! Twitter Ping this story in social media: del.icio.us Digg Newsvine NowPublic Reddit Facebook StumbleUpon

Posted Fri Jan 27 2012: from Scientific American: Has Petroleum Production Peaked, Ending the Era of Easy Oil? http://apocadocs.com/s.pl?1327631737 Despite major oil finds off Brazil's coast, new fields in North Dakota and ongoing increases in the conversion of tar sands to oil in Canada, fresh supplies of petroleum are only just enough to offset the production decline from older fields. At best, the world is now living off an oil plateau -- roughly 75 million barrels of oil produced each and every day -- since at least 2005... That is a year earlier than estimated by the International Energy Agency--an energy cartel for oil consuming nations... "We are not running out of oil, but we are running out of oil that can be produced easily and cheaply," King and Murray wrote. [Read more stories about: climate impacts, peak oil] New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

'Doc Jim says: Would it help if we started some arbitrary war? NEXT> More stories: Sea cucumbers may save Great Barrier Reef Toxic metals found in water near coal plants (Has Petroleum Production Peaked, Ending the Era of Easy Oil?) Flooding rated as worst climate change threat facing UK With Prevalence of Nanomaterials Rising, Panel Urges Review of Risks Want to explore more? Try the PaniCloud!

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