Petrobras CEO predicts peak oil in 2010
February 5th, 2010 Posted in Economy, Energy, peak oilOver at The Oil Drum, they just posted an article on a presentation Petrobras CEO Jose’ Sergio Gabrielli gave in December 2009. Read for yourself, and decide if the world can come up with a Saudi Arabia’s worth of capacity every two years to supply world oil demand and offset declines in existing fields. Thanks to Luis de Sousa at The Oil Drum for translating the slides from Portuguese to English. Important reading, and evidence for why many–even conservative–analysts predict supply crunches in the next few years.
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