What is Peak oil?
"The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to depletion."
--Colin Campbell
Press releases
ASPO and Peak oil theorists challenge Saudi Arabia
Submitted by Kjell Aleklett on Wed, 2008-03-05 11:11.Press release from ASPO, The Association for the Study of Peak Oil&Gas, www.peakoil.net
2008-03-05
ASPO and Peak oil theorists challenge Saudi Arabia
Kjell Aleklett, President of ASPO, www.peakoil.net, +46-70-425 0604
In Paris, March 2, 2008, Ali al-Naimi, oil minister for the world's largest crude producer, Saudi Arabia, and one of the oil industry's most influential figures, has been discussing Peak Oil. He has stated that Saudi Arabia, which already has the world's biggest proven oil reserves, plans to add another 200 billion barrels of oil to its proven reserves. He said this was "to reassure the world that we are not going to run out of oil in the next five to ten years as peak oil theorists say." Full story at AFP
