Welcome to the 'New Somerset and Dorset Railway'
Wednesday, October 24, 2007
Far from waiting for Peak Oil it is quite possible that it has already peaked. A German report suggests that the peak was in 2006 and that from now on oil production will fall by 7% each year. That's against expected demand growth of around 2% a year - a 9% gap. I'll leave it to you to work what this will mean for the new S&D ...