Exxon, Shell Both Essentially Admit Peak Oil Is Upon Us – Or Will Be Soon

Two today on peak oil and how the big oil companies are finally publicly (if quietly) coming around to what peak oil researchers have been saying for a while: It’s here, or will be shortly. First, Wall Street Journal highlights how ExxonMobil is having a hard time finding new oil and has had a hard time for a while now. For the past 10 years for every 100 barrels it’s extracted it’s only been able… Read the full story on TreeHugger

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Exxon, Shell Both Essentially Admit Peak Oil Is Upon Us – Or Will Be Soon

Posted by on February 16, 2011. Filed under Lifestyle. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry