Peak oil: A case of Cry Wolf?

The spectre of peak oil, the point at which global oil production cannot be increased, seems to have faded now that prices and demand have dropped. But is such over-optimism misplaced? Chris Skrebowski, consulting editor to the Petroleum Review, describes his analysis and findings on the imminence of Peak Oil and the possible impacts of recession in delaying its incidence. He will also briefly discuss some of the measures that can be taken to mitigate the impact of oil supplies becoming constrained and moving into decline. Chris is a Fellow of the Energy Institute, a founding member of the Association for the Study of Peak Oil (ASPO) and sits on the board of the Oil Depletion and Analysis Centre (ODAC). He recently authored one of the two ‘Opinions’ in the recently published ‘Oil Crunch’ report from the Industry Taskforce on Peak Oil & Energy Security.