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Perhaps this explains Shells offer:Shell CEO Admits Peak Oil...

  1. 414 Posts.
    Perhaps this explains Shells offer:

    Shell CEO Admits Peak Oil Could be Here in 7 Years
    by Jeremy Elton Jacquot, Los Angeles on 01.26.08

    'Regardless of which route we choose, the world's current predicament limits our maneuvering room. We are experiencing a step-change in the growth rate of energy demand due to population growth and economic development, and Shell estimates that after 2015 supplies of easy-to-access oil and gas will no longer keep up with demand."'

    http://www.treehugger.com/files/2008/01/shell_ceo_peak_oil.php

 
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