Fri, 3 December 2010
Steve Crower returns to give his latest insight on Peak Oil, or rather the introduction of the term 'Plateau Oil'. The Plateau Oil term refers to the introduction of both new technologies that increase the existing oil fields (marginally improving the yield) and new technologies that bring shale oil to the market. The effect will be a plateau-ing of oil production or, to put it differently, oil supply. The demand part of this equation remains a question mark but we spend most of our time in this interview discussing the supply side.