In The Indepent on Sunday, March 2, 2008, Dr. Fatih Birol, chief economist at the International Energy Agency, give his outside view about future oil: “We can’t cling to crude: we should leave oil before it leaves us.”
Some statements from the article: “Oil production by public companies is reaching its peak. They will have to find new ways to conduct business.” “the Middle East, … it is not certain that they are ready to increase production to meet growing world demand.” “ ….. perhaps oil at $150 a barrel by 2030.” “ ……… we are running out of time.”
View the article from Independent here.