Are the days of easy-to-reach oil at an end?

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February 27th, 2008

Are the days of easy-to-reach oil at an end? (Gulf News) provides comment on the must read subject of ‘peak oil.’

Excerpt: Jim Buckee, retired president and chief executive of major independent Talisman Energy, echoes van der Veer. “We’re there [at peak oil] or close to it,” he told Canada’s Globe & Mail. “Mexico, the North Sea and possibly Ghawar [in Saudi Arabia, the world's largest conventional oil field] are all in decline. The truth is the world is producing 30 billion-plus barrels of oil a year and is finding less than 10 billion. This is the worry.”

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