Here Comes the Oil Crunch

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.

Nick Aster is a new media architect and the founder of has grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.

2 responses

  1. 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

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