Shell Oil Study Confirms Peak Oil Is Upon Us
A new study by the Shell Oil Company called “Signals and Signposts” has been released confirming, or at the very least strongly suggesting, that we have already past Peak Oil and are currently in the decline phase. The decline phase is characterised by oil prices steadily climbing at oil production either stagnates or goes down.
A leaked German military report recently said the same thing, as well as a US Government Wikileaks document shortly after that. If we have passed Peak Oil already the next few years may be very interesting, global unrest and soaring oil and food prices are just three of the many effects that declining oil production is predicted to have on the world.
What do you think? Are the days of fossil fuel numbered?
Via The Pelican Post