Peak Oil Landmarks

 — January 14, 2008

In recent years, more and more prominent institutions and mainstream media have started to take notice of Peak Oil and what it means for the world economy and the lifestyles that we've become accustomed to.

Here are a few "landmark" reports and mainstream articles that have surfaced lately - an indicator that Peak Oil is entering the prime-time spotlight, the need for solutions is critical, and the time is now. Check online for updates!

Landmark Reports

• "Hirsch report" to US Department of Energy (DoE), Feb 2005
  "The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem."
  http://en.wikipedia.org/wiki/Hirsch_report
• US Government Accountability Office (GAO) report on Peak Oil, Feb 28, 2007
  "Uncertainty about Future Oil Supply Makes It Important to Develop a Strategy for Addressing a Peak and Decline in Oil Production."
  http://www.gao.gov/docdblite/summary.php?rptno=GAO-07-283
• International Energy Agency (IEA): Medium-Term Oil Market Report, July 2007
  "World oil demand will rise faster than expected to 2012 while production lags, leading to a supply crunch."
  http://www.eroei.com/articles/2007-articles/iea-sees-oil%11supply-crunch-looming
• National Petroleum Council (NPC): "Facing the Hard Truths about Energy", July 18, 2007
  "The Council found that total global demand for energy is projected to grow by 50-60 percent by 2030... At the same time, there are accumulating risks to the supply of reliable, affordable energy to meet this growth..."
  http://www.npchardtruthsreport.org
• Energy Watch Group: "Crude Oil - The Supply Outlook", Oct 13, 2007
  "This paper is one of many... showing that peak oil is anything but a 'theory', it is real and we are witnessing it already."
  http://www.energywatchgroup.org/Oil-report.32+M5d637b1e38d.0.html
• CIBC World Markets report on global oil supply challenges, Jan 10, 2008
  "surging demand... combined with accelerated depletion... will see the global supply of oil fall as much as eight million barrels a day below U.S. Department of Energy and International Energy Agency estimates by 2012."
  http://research.cibcwm.com/economic_public/download/occrept65.pdf

Landmark Articles

• Business Week: "From Peak Oil To Dark Age?", June 25, 2007
  "Regardless of the implications for climate change, peak oil represents a mortal threat to the U.S. economy."
  http://peakoil.blogspot.com/2007/06/from-peak-oil-to-dark-age.html
• The Wall Street Journal: "Oil Officials See Limit Looming on Production", Nov 19, 2007
  [published on the front page] "A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day."
  http://relocalize.net/oil_officials_see_limit_looming_on_production
• Time Magazine: "Peak Possibilities", Nov 21, 2007
  "In July 2006, the world's oil rigs pumped out crude at a rate of nearly 85.5 million bbl. a day. They haven't come close since, even as prices have risen from $75 to $98 per bbl. Which raises a question of potentially epochal significance: Is it all downhill from here?"
  http://www.time.com/time/magazine/article/0,9171,1686824,00.html
• The New York Times: "Oil-Rich Nations Use More Energy, Cutting Exports", Dec 9, 2007
  "It is a very serious threat that a lot of major exporters that we count on today for international oil supply are no longer going to be net exporters any more in 5 to 10 years."
  http://www.eroei.com/articles/2007-articles/oil%11rich-nations-use-more-energy-cutting-exports