ABC Science Show — oil peaked 2008

Oil production peaked in 2008. It has been in decline since. Kjell Aleklett says the reserves are there, but the flow is lower than in the past. Kjell Aleklett disputes predictions of The International Energy Association. He says the price spike in oil in July 2008 was the trigger for the Global Financial Crisis.

via Peak oil – the slow slide down – Science Show – 13 November 2010.

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