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Despite sophisticated technologies, and huge sums invested, the discoveries peaked in the 1960s, from then on the rate of new finds, particularly of large oil fields, began to decline. [...] a study by the International Energy Agency about the future of production, consumption and prices until 2030,...

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Bibliographic Details
Published in:World today 2009-05, Vol.65 (5), p.10-12
Main Author: Wrobel, Paulo
Format: Magazinearticle
Language:English
Subjects:
Agreements
Biodiesel fuels
Biomass energy
Brazil
Climate Change
Congresses and Conventions
Denmark
Energy policy
Fossil fuels
International conferences
International political economy
Kyoto Protocol
Negotiation
Oil resources
Prices
Production capacity
United Nations
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Summary:Despite sophisticated technologies, and huge sums invested, the discoveries peaked in the 1960s, from then on the rate of new finds, particularly of large oil fields, began to decline. [...] a study by the International Energy Agency about the future of production, consumption and prices until 2030, and a survey by the same agency on the production capacity of the existing eight hundred or so fields, predict that oil will remain a scarce commodity, despite the current international financial crisis, and that production will probably peak in 2020.
ISSN:0043-9134