Peak Oil: Supply Data Doesn’t Lie
Aug 26th, 2009 | By Puru Saxena | Category: Oil Investment & Alternative EnergyDespite the ‘demand destruction’ hype, it is interesting to note that during this severe global recession, worldwide oil usage has dropped by a minuscule 2.7%. So, what will happen when the world comes out of this recession? Who will rise up to the challenge and meet our insatiable thirst for energy? These are critical questions not many are willing to ask.