(EnergyAsia, January 21, Monday) — US consultants Cambridge Energy Research Associates (CERA) and IHS Inc said ‘peak oil’ is not imminent as world oilfield reserves are declining by 4.5% a year and not 8% as claimed by other analysts and scholars.In a new study of 811 producing fields around the world, CERA and IHS calculated…
MARKETS: CERA says world oilfields declining by 4.5% a year, not 8%
Posted on January 20, 2008 by EnergyAsia