(EnergyAsia, April 2) — The US is vulnerable to an oil supply shock and unprepared to deal with its consequences, warned the US Government Accountability Office (GAO) in a major report confirming the reality of peak oil —that world oil production will reach a maximum point and go into rapid decline. It is the first…
MARKETS: Official report affirms ‘peak oil’, says US vulnerable, unprepared for supply shock
Posted on April 2, 2007 by EnergyAsia