US Report Acknowledges Peak Oil Threat

New report entitled,'Peaking of World Oil production: Impacts, Mitigation, & Risk Management' dismisses role of markets in solving the problems and urges firm governmental hand in decision making.

Published: 09-Mar-2005

It has long been denied that the US government bases any policy around the idea that global oil production may be in terminal decline.

But a new US government-sponsored report, obtained by Aljazeera.net, does exactly that.

Authored by Robert L. Hirsch, Roger Bezdek and Robert Wendling and entitled the Peaking of World Oil production: Impacts, Mitigation, & Risk Management, the report is an assessment requested by the US Department of Energy (DoE), National Energy Technology Laboratory.

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