Friday, November 13, 2009

Peak Oil Now



It is becoming accepted that oil is less abundant than expected and production will decrease abruptly in the next decade. Refining capacity are already excessive so it is not a business with potential. Yet other scenarios are possible. The graph posits that total liquid comburents will double in a few decades. So there will be need of more refining capacity. Specialized refining for unconventional raw materials and new refined products. It is a though field to speculate.

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