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Here Comes the Oil Crunch

| Wednesday February 16th, 2005 | 2 Comments

opec.jpgFT reporting today that Opec will need to produce at it’s maximum limit by next winter to meet expcted demand from China. Meanwhile, China becomes world’s largest consumer, overtaking the US. Guarantees another winter of record prices – and then some.


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  • Vic

    Does OPEC producing at its maximum limit also mean that this will be the peak oil, or is that peak oil for OPEC is still some time into the future?
    An interesting site on Bioenergy, Peak Oil is The Biodiesel Encyclopedia
    Vic, BPO

  • http://www.reklamlarim.net Bedava Reklam

    İt İs Very Nice….
    Thanks…