Fatih Birol

Birol and IEA says Peak but not “Peak Oil”

in Peak Oil by

In The Indepent on Sunday, March 2, 2008, Dr. Fatih Birol, chief economist at the International Energy Agency, give his outside view about future oil: “We can’t cling to crude: we should leave oil before it leaves us.”

Some statements from the article: “Oil production by public companies is reaching its peak. They will have to find new ways to conduct business.” “the Middle East, … it is not certain that they are ready to increase production to meet growing world demand.” “ ….. perhaps oil at $150 a barrel by 2030.” “ ……… we are running out of time.”

View the article from Independent here.

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