Does oil supply peak in the next ten years, the end of the cheap oil age?

Dr. Fatih Birol, chief economist at the International Energy Agency (IEA), said, "Major oil fields have already reached the peak of oil production and the world is heading towards an energy crisis that makes the economy impossible to recover It seems that she issued a warning of "It is not good." According to the doctor, oil production in other oil fields in the world will peak in the next ten years, which seems to be beginning to decline at a pace exceeding the figures calculated two years ago.

Details are as below.
Warning: Oil supplies are running out fast - Science, News - The Independent

According to Dr. Fatih Birol, chief economist at IEA, when I looked into 800 oil fields occupying 75% of the world's reserves in detail, it seems that production has already peaked in many big oil fields, 2007 In the year the production calculated by IEA was 3.7%, but in fact it was 6.7%. It seems that production outside the large oil field will also peak at 10 years from now.

"It is not today or tomorrow, one day we will run out of oil, and on that day we must be independent from oil before the oil tells us, because all the current economic and social institutions It is built on oil and requires a lot of time and a lot of money to change, but we have to proceed as soon as possible, and we must take this problem very seriously. "

In fact, when oil demand increases, there is not enough time to develop a new oil field that only covers production decreases of existing oil fields, and the risk of oil crisis is emerging. In the initial assessment of the big oil field, the IEA concluded that the global energy system is at a crossroads and that oil demand beyond supply can not be "obviously supported." If the demand for oil remains to remain unchanged, the world must find four oils equivalent to Saudi Arabia, and if demand follows the anticipated increase until 2030, six Saudi Arabia It is necessary.

It seems that many of the governments are already aware that oil production in non - OPEC non - member countries has reached its peak and that the age when oil is cheap is over. For this reason, the power in the markets of countries such as the Middle East and the United Kingdom with abundant oil reserves is expected to become stronger from 2010, and the recovery of the world economy is further delayed as the price of oil rises It is expected that it is expected.

Often it is said that "Oil will be depleted in ** years", but has it become more realistic at last?

in Note, Posted by logc_nt