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Recommend Share DOE Still Disavows Peak Oil Forecast, Despite New Studies (Email)

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Gulf oil spill adds pressure for release of "proprietary database" behind DOE's optimism. The U.S. Department of Energy has long disavowed peak oil theory: the notion that annual world oil production will peak, plateau, and then enter a decline. But the agency’s stance appears increasingly at odds with the future predicted by many world energy analysts, including the US military. In February, the United Kingdom Industry Taskforce on Peak Oil and Energy Security—a group comprised in part by renewable energy companies—published a report warning that global peak oil would probably occur within the next decade.


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