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The end of oil era

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world oil production

Graph of world oil production, power "Statistical information on the IEA" and The Oil Drum

The global oil industry has been able to increase oil extraction in a sustained manner until 2005, but after that year, has remained stagnant in the limit of 74 million barrels per day. That

suggests that we have passed the peak of global oil, which will be followed by the irreversible decline of world production, causing a severe shortage in international markets.

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"We are in an emergency situation"



Hamad bin Khalifa Al Thani, Emir of Qatar , stunned last July 13, 2008, the Italian Prime Minister Silvio Berlusconi, when he endeavored to force an international agreement between consumer and producer countries to set a maximum price of oil in the summit for the Mediterranean Union in Paris.


" We are facing an emergency situation " roared the Italian leader. O fix a ceiling that no one must overcome or consuming countries will launch us to the massive construction of nuclear power plants and sink the price of oil. " Al Thani replied with aplomb. "This is your problem, because of their lack of foresight. They should have invested more in alternative energy, because we can not produce more."


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