Former BP geologist: peak oil is here and it will ‘break economies’

Share

A former British Petroleum BP geologist has warned that the age of cheap oil is long gone, bringing with it the danger of “continuous recession” and increased risk of conflict and hunger.At a lecture on ‘Geohazards’ earlier this month as part of the postgraduate Natural Hazards for Insurers course at University College London UCL, Dr. Richard G. Miller, who worked for BP from 1985 before retiring in 2008, said that official data from the International Energy Agency IEA, US Energy Information Administration EIA, International Monetary Fund IMF, among other sources, showed that conventional oil had most likely peaked around 2008.

via Former BP geologist: peak oil is here and it will ‘break economies’ | Nafeez Ahmed | Environment | theguardian.com.

Share

Comments

comments