Energy Literacy Advocates Newsroom

Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!

Wednesday, January 23, 2008

Oil Production Nearing Peak? Total Says Maybe...

While short and sweet, and probably little noticed, there was a recent article in the Economist about Christophe de Margerie - Chief Executive of French oil company Total. It was significant because in it Mr. de Margerie declared that 100 million barrels per day of worldwide production would be difficult to achieve, much less the 120 million barrels per day the world is projected to need. This is definitely the first time the CEO of a major oil company has acknowledged that oil production increases are and will be increasingly difficult to achieve - a milestone to be noted.

Read the article here.

Labels: oil supply, peak oil